ACT 205 Lecture Notes - Lecture 14: Gross Profit, Earnings Before Interest And Taxes, Income Statement
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i have to read these following income statements and write a paragraph on it.
Your Company Name here | |||
CONDENSED MULTISTEP INCOME STATEMENT | |||
Date | |||
Most recent year | Year | Year | |
($ in millions) | |||
12/31/16 | 12/31/15 | 12/31/14 | |
Sales Revenue | 41,490,000.00 | 39,678,000.00 | 36,918,000.00 |
Cost of Goods Sold | 6,933,000.00 | 6,638,000.00 | 6,262,000.00 |
Gross Profit | 34,557,000.00 | 33,040,000.00 | 30,656,000.00 |
Operating Expenses | 28,359,000.00 | 27,075,000.00 | 25,091,000.00 |
Operating Income | 6,198,000.00 | 5,965,000.00 | 5,565,000.00 |
Nonoperating revenues and expenses | 1,388,000.00 | 1,388,000.00 | 1,388,000.00 |
Income before Income tax | 4,810,000.00 | 4,577,000.00 | 4,177,000.00 |
Provision for Income tax | 1,378,000.00 | 1,261,000.00 | 1,108,000.00 |
Income from continuing operations | 3,432,000.00 | 3,316,000.00 | 3,069,000.00 |
Nonrecurring items | 542,000.00 | 1,187,000.00 | 1,194,000.00 |
NET INCOME | 2,890,000.00 | 2,129,000.00 | 1,875,000.00 |
Earnings per share | 7.3 | 4.99 | 4.16 |
Your Company Name here | |||
CONDENSED TREND ANALYSIS INCOME STATEMENT | |||
Date | |||
Most recent year | Year | Year | |
($ in millions) | |||
2016 | 2015 | 2014 | |
Sales Revenue | 112.38% | 107.48% | 100.00% |
Cost of Goods Sold | 110.72% | 106.00% | 100.00% |
Gross Profit | 112.73% | 107.78% | 100.00% |
Operating Expenses | 113.02% | 107.91% | 100.00% |
Operating Income | 111.37% | 107.19% | 100.00% |
Nonoperating revenues and expenses | 100.00% | 100.00% | 100.00% |
Income before Income tax | 115.15% | 109.58% | 100.00% |
Provision for Income tax | 124.37% | 113.81% | 100.00% |
Income from continuing operations | 111.83% | 108.05% | 100.00% |
Nonrecurring items | 45.39% | 99.41% | 100.00% |
NET INCOME | 154.13% | 113.55% | 100.00% |
Earnings per share | 175.48% | 119.95% | 100.00% |
Your Company Name here | |||
CONDENSED COMMON SIZE INCOME STATEMENT | |||
Date | |||
Most recent year | Year | Year | |
($ in millions) | |||
2016 | 2015 | 2014 | |
Sales Revenue | 100.00% | 100.00% | 100.00% |
Cost of Goods Sold | 16.71% | 16.73% | 16.96% |
Gross Profit | 83.29% | 83.27% | 83.04% |
Operating Expenses | 68.35% | 68.24% | 67.96% |
Operating Income | 14.94% | 15.03% | 15.07% |
Nonoperating revenues and expenses | 3.35% | 3.50% | 3.76% |
Income before Income tax | 11.59% | 11.54% | 11.31% |
Provision for Income tax | 3.32% | 3.18% | 3.00% |
Income from continuing operations | 8.27% | 8.36% | 8.31% |
Nonrecurring items | 1.31% | 2.99% | 3.23% |
NET INCOME | 6.97% | 5.37% | 5.08% |
Earnings per share | 0.00% | 0.00% | 0.00% |
WITH THE INFORMATION PROVIDE WRITE A FINANCE REPORT OF INCOMESHEET PFIZER 2015,2014,2013
Your Company Name here | PFIZER INC | ||||||
CONDENSED MULTISTEP INCOME STATEMENT | |||||||
Date | 5-Nov-16 | ||||||
Most recent year | Year | Year | |||||
($ in millions) | 2015 | 2014 | 2013 | ||||
Sales Revenue | 48,851.00 | 49,605.00 | 51,584.00 | ||||
Cost of Goods Sold | 9,648.00 | 9,577.00 | 9,586.00 | ||||
Gross Profit | 39,203.00 | 40,028.00 | 41,998.00 | ||||
Operating Expenses | 728.00 | 935.00 | 1,011.00 | ||||
Operating Income | 11,824.00 | 13,249.00 | 15,184.00 | ||||
Nonoperating revenues andexpenses | 2,859.00 | 1,009.00 | 532.00 | ||||
Income before Income tax | 8,965.00 | 12,240.00 | 15,716.00 | ||||
Provision for Income tax | 1,990.00 | 3,121.00 | 4,306.00 | ||||
Income from continuingoperations | 14,512.00 | -2,980.00 | -10,233.00 | ||||
Nonrecurring items | 1,152,000 | 250,000.00 | 1,182,000.00 | ||||
NET INCOME | 6,960.00 | 9,135.00 | 22,003.00 | ||||
Earnings per share | 1.24 | 1.42 | 3.19 | ||||
Your Company Name here | PFIZER | ||||||
CONDENSED TREND ANALYSISINCOME STATEMENT | |||||||
Date | |||||||
Most recent year | Year | Year | |||||
($ in millions) | |||||||
2015 | 2014 | 2013 | |||||
Sales Revenue | 95% | 96% | 100.00% | ||||
Cost of Goods Sold | 101% | 100% | 100.00% | ||||
Gross Profit | 93% | 95% | 100.00% | ||||
Operating Expenses | 72% | 92% | 100.00% | ||||
Operating Income | 78% | 87% | 100.00% | ||||
Nonoperating revenues andexpenses | 537% | 190% | 100.00% | ||||
Income before Income tax | 57% | 78% | 100.00% | ||||
Provision for Income tax | 46% | 72% | 100.00% | ||||
Income from continuingoperations | -142% | 29% | 100.00% | ||||
Nonrecurring items | 97% | 21% | 100.00% | ||||
NET INCOME | 32% | 42% | 100.00% | ||||
Earnings per share | 39% | 45% | 100.00% | ||||
Your Company Name here | PFIZER | ||||||
CONDENSED COMMON SIZE INCOME STATEMENT | |||||||
Date | |||||||
Most recent year | Year | Year | |||||
($ inmillions) | |||||||
2015 | 2014 | 2013 | |||||
Sales Revenue | 100.00% | 100.00% | 100.00% | ||||
Cost of Goods Sold | 19.75% | 19% | 19% | ||||
Gross Profit | 80.25% | 81% | 81% | ||||
Operating Expenses | 1.49% | 2% | 2% | ||||
Operating Income | 24.20% | 27% | 29% | ||||
Nonoperating revenues andexpenses | 5.85% | 2% | 1% | ||||
Income before Income tax | 18.35% | 25% | 30% | ||||
Provision for Income tax | 4.07% | 6% | 8% | ||||
Income from continuingoperations | 29.71% | -6% | -20% | ||||
Nonrecurring items | 2358.19% | 504% | 2291% | ||||
NET INCOME | 14.25% | 18% | 43% | ||||
Earnings per share | 0.00% | 0% | 0% |