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Exercise1 Seminar1 Spreadsheet

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3 views1 page

Exercise1 Seminar1 Spreadsheet

Uploaded by

lynn871004
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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May 31, Year NMay 31, Year NMay 31, Year NMay 31, Year N-3

Share price (as of May) $79.68 $59.00 $55.20 $54.01


Number of shares (approx.) 1,624,369,748 1,656,250,000 1,701,357,466 1,722,631,579

Income Statements (millions of US $)


May 31, Year NMay 31, Year NMay 31, Year NMay 31, Year N-3
Revenues $36,397 $34,350 $32,376 $30,601
Cost of sales $20,441 $19,038 $17,405 $16,534
Gross profit $15,956 $15,312 $14,971 $14,067
Demand creation expense $3,577 $3,341 $3,278 $3,213
Operating overhead expense $7,934 $7,222 $7,191 $6,679
Total selling and administrative expense $11,511 $10,563 $10,469 $9,892
Interest expense (income), net $54 $59 $19 $28
Other expense (income), net $66 -$196 -$140 -$58
Income before income taxes $4,325 $4,886 $4,623 $4,205
Income tax expense $2,392 $646 $863 $932
NET INCOME $1,933 $4,240 $3,760 $3,273
EPS $1.19 $2.56 $2.21 $1.90

Balance-sheet (millions of US $)
May 31, Year NMay 31, Year NMay 31, Year NMay 31, Year N-3
Current assets:
Cash and equivalents $4,249 $3,808 $3,138 $3,852
Short-term investments $996 $2,371 $2,319 $2,072
Accounts receivable, net $3,498 $3,677 $3,241 $3,358
Inventories $5,261 $5,055 $4,838 $4,337
Prepaid expenses and other current assets $1,130 $1,150 $1,489 $1,968
Total current assets $15,134 $16,061 $15,025 $15,587
Property, plant and equipment, net $4,454 $3,989 $3,520 $3,011
Identifiable intangible assets, net $285 $283 $281 $281
Goodwill $154 $139 $131 $131
Deferred income taxes and other assets $2,509 $2,787 $2,439 $2,587
Total non-current assets $7,402 $7,198 $6,371 $6,010
TOTAL ASSETS $22,536 $23,259 $21,396 $21,597
Current liabilities:
Current portion of long-term debt $6 $6 $44 $107
Notes payable $336 $325 $1 $74
Accounts payable $2,279 $2,048 $2,191 $2,131
Accrued liabilities $3,269 $3,011 $3,037 $3,949
Income taxes payable $150 $84 $85 $71
Total current liabilities $6,040 $5,474 $5,358 $6,332
Long-term debt $3,468 $3,471 $2,010 $1,079
Deferred income taxes and other liabilities $3,216 $1,907 $1,770 $1,479
TOTAL LIABILITIES $12,724 $10,852 $9,138 $8,890
Shareholders’ equity:
Capital in excess of stated value $6,384 $5,710 $7,786 $6,773
Accumulated other comprehensive loss -$92 -$213 $318 $1,246
Retained earnings $3,517 $6,907 $4,151 $4,685
TOTAL SHAREHOLDER'S EQUITY $9,812 $12,407 $12,258 $12,707
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $22,536 $23,259 $21,396 $21,597

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