P&G-Vertical Analysis

Consolidated Statements of Comprehensive Income
Amounts in millions; Years ended June 30

NET EARNINGS
OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX
Financial statement foreign currency translation
Unrealized gains/(losses) on hedges (net of $(279), $(186) and $5 tax, respectively)
Unrealized gains/(losses) on investment securities (net of $0, $(6) and $7 tax, respectively)
Unrealized gains/(losses) on defined benefit retirement plans (net of $68, $551 and $(621) tax, respectively)
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX
TOTAL COMPREHENSIVE INCOME
Less: Total comprehensive income attributable to noncontrolling interests
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLE
2018 2017
$9,861 $15,411
-6 239
-299 -306
-148 -59
334 1,401
-$119.00 $1,275.00
$9,742 $16,686
109 85
$9,633 $16,601
Consolidated Balance Sheets
Amounts in millions; As of June 30
Assets
CURRENT ASSETS
Cash and cash equivalent
Available-for-sale investment securities
Accounts receivable
INVENTORIES
Materials and supplies
Work in process
Finished goods
Total inventories
Prepaid expenses and other current assets
TOTAL CURRENT ASSETS
PROPERTY, PLANT AND EQUIPMENT, NET
GOODWILL
TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET
OTHER NONCURRENT ASSETS
TOTALASSETS
Liabilities and Shareholders' Equity

CURRENT LIABILITIES
Accounts payable
Accrued and other liabilities
Debt due within one year
TOTAL CURRENT LIABILITIES
LONG-TERM DEBT
DEFERRED INCOME TAXES
OTHER NONCURRENT LIABILITIES
TOTAL LIABILITIES
SHAREHOLDERS' EQUITY
Convertible Class A preferred stock, stated value $1 per share (600 shares authorized)
Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized)
Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2018 - 4,009.2, 2017 - 4,009.
Additional paid-in capital
Reserve for ESOP debt retirement
Accumulated other comprehensive income/(loss)
Treasury stock, at cost (shares held: 2018 -1,511.2, 2017 - 1,455.9)
Retained earnings
Noncontrolling interest
TOTAL SHAREHOLDERS' EQUITY
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
2018 2017 2018 2017
$2,569 $5,569 2.17% 4.63%

9,281 9,568 7.84% 7.95%
4,686 4,594 3.96% 3.82%
1,335 1,308 1.13% 1.09%

588 529 0.50% 0.44%
2,815 2,787 2.38% 2.31%
4,738 4,624 4.00% 3.84%
2,046 2,139 1.73% 1.78%
$23,320 $26,494 19.71% 22.00%
20,600 19,893 17.41% 16.52%
45,175 44,699 38.18% 37.12%
23,902 24,187 20.20% 20.09%
5,313 5,133 4.49% 4.26%
$118,310 $120,406 100.00% 100.00%
$10,344 $9,632 8.74% 8.00%

7,470 7,024 6.31% 5.83%
10,423 13,554 8.81% 11.26%
$28,237 $30,210 23.87% 25.09%
20,863 18,038 17.63% 14.98%
6,163 8,126 5.21% 6.75%
10,164 8,254 8.59% 6.86%
$65,427 $64,628 55.30% 53.68%
967 1,006 0.82% 0.84%

- -
4,009 4,009 3.39% 3.33%
63,846 63,641 53.97% 52.86%
-1,204 -1,249 -1.02% -1.04%
-14,749 -14,632 -12.47% -12.15%
-99,217 -93,715 -83.86% -77.83%
98,641 96,124 83.38% 79.83%
590 594 0.50% 0.49%
52883 55,778 44.70% 46.32%
$118,310 $120,406 100.00% 100.00%
Consolidated Statements of Cash Flows
Amounts in millions; Years ended June 30
CASH AND CASH EQUIVALENTS, BEGINNING OFYEAR
OPERATING ACTIVITIES
Net earnings
Depreciation and amortization
Loss on early extinguishment of debt
Share-based compensation expense
Deferred income taxes
Gain on sale of assets
Goodwill and intangible asset impairment charges
Change in accounts receivable
Change in inventories
Change in accounts payable, accrued and other liabilities
Change in other operating assets and liabilities
Other
TOTAL OPERATING ACTIVITIES
INVESTING ACTIVITIES
Capital expenditures
Proceeds from asset sales
Acquisitions, net of cash acquired
Purchases of short-term investments
Proceeds from sales and maturities of short-term investments
Pre-divestiture addition of restricted cash related to the Beauty Brands divestiture
Cash transferred at closing related to the Beauty Brands divestiture
Release of restricted cash upon closing of the Beauty Brands divestiture
Cash transferred in Batteries divestiture
Change in other investments
TOTAL INVESTING ACTIVITIES
FINANCING ACTIVITIES
Dividends to shareholders
Change in short-term debt
Additions to long-term debt
Reductions of long-term debt (1)
Treasury stock purchases
Treasury stock from cash infused in Batteries divestiture
Impact of stock options and other
TOTAL FINANCING ACTIVITIES
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
CHANGE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS, END OF YEAR
SUPPLEMENTAL DISCLOSURE
Cash payments for interest
Cash payment for income taxes
Divestiture of Batteries business in exchange for shares of P&G stock (2)
Divestiture of Beauty business in exchange for shares of P&G stock and assumption of debt
Assets acquired through non-cash capital leases are immaterial for all periods.
(1) Includes early extinguishment of debt costs of $346 and $543 in 2018 and 2017, respectively.
(2) Includes $1,730 from cash infused into the Batteries business pursuant to the divestiture agreement (see Note 13).
2018 2017 2018 2017
$5,569 $7,102 216.78% 127.53%
9,861 15,411 383.85% 276.73%

2,834 2,820 110.32% 50.64%
346 543 13.47% 9.75%
395 351 15.38% 6.30%
-1,844 -601 -71.78% -10.79%
-176 -5,490 -6.85% -98.58%
- -
-177 -322 -6.89% -5.78%
-188 71 -7.32% 1.27%
1,385 -149 53.91% -2.68%
2,000 -43 77.85% -0.77%
431 162 16.78% 2.91%
14,867 12,753 578.71% 229.00%
-3,717 -3,384 -144.69% -60.76%

269 571 10.47% 10.25%
-109 -16 -4.24% -0.29%
-3,909 -4,843 -152.16% -86.96%
3,928 1,488 152.90% 26.72%
- -874
- -475
- 1,870
- -
27 -26 1.05% -0.47%
-3,511 -5,689 -136.67% -102.15%
-7,310 -7,236 -284.55% -129.93%

-3,437 2,727 -133.79% 48.97%
5,072 3,603 197.43% 64.70%
-2,873 -4,931 -111.83% -88.54%
-7,004 -5,204 -272.64% -93.45%
- -
1,177 2,473 45.82% 44.41%
-14,375 -8,568 -559.56% -153.85%
19 -29 0.74% -0.52%
-3,000 -1,533 -116.78% -27.53%
$2,569 $5,569 100.00% 100.00%
$529.00 $518.00
2,830 3,714
- -
- 11,360
Consolidated Statements of Shareholders' Equity
Common Stock
Dollars in millions; shares in thousands Shares Amount Preferred Stock
BALANCE JUNE 30, 2017 $2,553,297 $4,009 $1,006
Net earnings
Other comprehensive loss
Dividends and dividend equivalents:
Common
Preferred, net of tax benefits
Treasury stock purchases -81,439
Employee stock plans 21,655
Preferred stock conversions 4,580 -39
ESOP debt impacts
Noncontrolling interest, net
BALANCE JUNE 30, 2018 $2,498,093 $4,009 $967
Additional Paid-In Capital Reserve for ESOP Debt Retirement
$63,641 -$1,249
199
6
45
$63,846 -$1,204
Accumulated Other Comprehensive Income/ (Loss) Treasury Stock Retained Earnings
-$14,632 -$93,715 $96,124
9,750
-117
-7,057
-265
-7,004
1,469
33
89
-$14,749 -$99,217 $98,641

Noncontrolling Interest Total Shareholders' Shares Amount Equity
$594 $55,778
111 9,861
-2 -119
-7,057
-265
-7,004
1,668
-
134
-113 -113
$590 $52,883
Consolidated Statements of Earnings
Amounts in millions except per share amounts; Years ended June 30
NET SALES
Cost of products sold
Selling, general and administrative expense
OPERATING INCOME
Interest expense
Interest income
Other non-operating income/(expense), net
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
Income taxes on continuing operations
NET EARNINGS FROM CONTINUING OPERATIONS
NET EARNINGS FROM DISCONTINUED OPERATIONS
NET EARNINGS
Less: Net earnings attributable to non-controlling interests
NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE
BASIC NET EARNINGS PER COMMON SHARE: (1)

Earnings from continuing operations
Earnings from discontinued operations
BASIC NET EARNINGS PER COMMON SHARE
DILUTED NET EARNINGS PER COMMON SHARE: (1)
Earnings from continuing operations
Earnings from discontinued operations
DILUTED NET EARNINGS PER COMMON SHARE
DIVIDENDS PER COMMON SHARE
(1) Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings a
2018 2017 2018 2017
$66,832 $65,058 100.00% 100.00%
34,268 32,535 51.27% 50.01%
18,853 18,568 28.21% 28.54%
13,711 13,955 20.52% 21.45%
506 465 0.76% 0.71%
247 171 0.37% 0.26%
-126 -404 -0.19% -0.62%
13,326 13,257 19.94% 20.38%
3,465 3,063 5.18% 4.71%
9,861 10,194 14.75% 15.67%
— 5,217
9,861 15,411 14.75% 23.69%
111 85 0.17% 0.13%
9,750 15,326 14.59% 23.56%
$ 3.75 3.79 0.01% 0.01%

— 2.01
$ 3.75 5.8 0.01% 0.01%
3.67 3.69 0.01% 0.01%

- 1.9
3.67 5.59 0.01% 0.01%
2.79 2.7 0.00% 0.00%

P&G-Vertical Analysis

Uploaded by

Copyright:

Available Formats

P&G-Vertical Analysis

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

P&G-Vertical Analysis

Uploaded by

Copyright:

Available Formats

Consolidated Statements of Comprehensive Income

Amounts in millions; Years ended June 30

Liabilities and Shareholders' Equity

$2,569 $5,569 2.17% 4.63%

1,335 1,308 1.13% 1.09%

$10,344 $9,632 8.74% 8.00%

967 1,006 0.82% 0.84%

9,861 15,411 383.85% 276.73%

-3,717 -3,384 -144.69% -60.76%

-7,310 -7,236 -284.55% -129.93%

-$14,749 -$99,217 $98,641

BASIC NET EARNINGS PER COMMON SHARE: (1)

$ 3.75 3.79 0.01% 0.01%

3.67 3.69 0.01% 0.01%

You might also like