(2) Compute Weighted Average Cost of Capital (WACC)
- Estimate the firm's before-tax and after-tax component cost of debt; (Note: If the information about the current corporate tax rate is not available, you need to estimate the tax rate based on the historical tax payments).
- Estimate the firm's component cost of preferred stock if the firm has issued preferred stocks.
- Use three approaches (CAPM, DCF, bond-yield-plus-risk-premium) to estimate the component cost of common equity for the firm.
- Calculate the firm's weighted average cost of capital (WACC) using the market-based capital structure weights.
70m Assets 3' 120,700,000 115,095,000 ._ 710730100? 7 | - I , . . . _ _________ , , 11,, 1 ' > Total Liabilities Net Minority int... ! 73,822,000 67,516,000 65,427,000 > Total Equity Gross Minority Inte... 46,878,000 47,579,000 52,833,000_ Total Capitalization 70,058,000 67,565,000 - I 73071300 Preferred Stock Equity 897,000 928,000 967,000 Common Stock Equity 45,624,000 46,266,000 751,326,000 " - Capital Lease Obligations 652,000 33,000 107,000 Net Tangible Assets 47,172,000 17-,294,000 46,784,000 Working Capital -4,989.000 -7,533,000 4,917,000 Invested Capital L 80.344.000 76,325,000 - 82,505,000 Tangible Book Value 48,069,000 48,222,000 07,751,000 Total Debt ! 35,372,000 30,092,000 31,286,000 Net Debt 18,539,000 25,820,000 23,010,000 Share Issued, i 4,009,200 4,009,251 I 4,000,293 Ordinary Shares Number ! 2,479,700 2,504,751 2,498,093 I Treasury Shares Number I 1,529,500 1,504,500. 1,511,200 yahoo! finance Search for news, symbols or companies Finance Home 2020 Election Watchlists My Portfolio Screeners Premium P Markets News Pers Summary Company Outlook P Chart Conversations Statistics Historical Data Profile Financials Analysi Show: Income Statement Balance Sheet Cash Flow Annual Quarterly Income Statement All numbers in thousands Breakdown TTM 6/30/2020 6/30/2019 5/30/2018 > Total Revenue 70,950,000 70,950,000 67,684,000 66,832,000 Cost of Revenue 35,250,000 35,250,000 34,768,000 34,268,000 Gross Profit 35,700,000 35,700,000 32,916,000 32,564,000 > Operating Expense 19,994,000 19,994,000 19,084,000 18,853,000 Operating Income 15,706,000 15,706,000 13,832,000 13,711,000 > Net Non Operating Interest Inc... -310,000 -310,000 289,000 259,000 > Other Income Expense 438,000 438,000 -7,474,000 126,000 Pretax Income 15,834,000 15,834,000 6,069,000 13,326,000 Tax Provision 2,731,000 2,731,000 2,103,000 3,465,000 > Net Income Common Stockhold-.. 12,764,000 12,764,000 3,634,000 9,485,000 Average Dilution Earnings 263,000 263,000 265,000 Diluted NI Available to Com Stock... 13,027,000 13,027,000 3,634,000 9,750,000 Basic EPS 0.0015 0.0038 Diluted EPS 0.0014 0.0037 Basic Average Shares 2,687,586 2,529,300 Diluted Average Shares 2,687,586 2,656,700 Total Operating Income as Reported 15,706,000 15,706,000 5,487.000 13,711,000 Total Expenses 55,244,000 55,244,000 53,852,000 53.121,000 Net Income from Continuing & Dis... 13,027,000 13,027,000 3,897,000 9,750.000> Net Income Common Stockhold... 12,764.000 12,764,000 3,634,000 9,485,000 Average Dilution Earnings 263,000 263,000 265,000 Diluted NI Available to Com Stock... 13,027,000 13,027,000 3,634,000 9,750,000 Basic EPS 0.0015 0.0038 Diluted EPS 0.0014 0.0037 Basic Average Shares 2,687,586 2,529,300 Diluted Average Shares 2,687,586 2,656,700 Total Operating Income as Reported 15,706,00 15,706,000 5,487,000 13,711,000 Total Expenses 55,244,000 55,244,000 53,852,000 53,121,000 Net Income from Continuing & Dis-.. 13,027,000 13,027,000 3,897,000 9,750,000 Normalized Income 13,027,000 13,027,000 9,346,285 9,750,000 Interest Income 155,000 155,000 220,000 247,000 Interest Expense 465,000 465,000 509,000 506,000 Net Interest Income -310,000 -310,000 289,000 -259,000 EBIT 16,299,000 16,299,000 6,578,000 13,832,000 EBITDA 19,312,000 Reconciled Cost of Revenue 35,250,000 35,250,000 34,768,000 34,268,000 Reconciled Depreciation 3,013,000 3,013,000 2,824,000 2,834,000 Net Income from Continuing Oper... 13,027,000 13,027,000 3,897,000 9,750,000 Total Unusual Items Excluding Goo... -8,345,000 Total Unusual Items 0 8,345,000 Normalized EBITDA 19,312,000 19,312,000 17,747,000 16,666,000 Tax Rate for Calcs 0 0 0 Tax Effect of Unusual Items 0 -2,895,715 0F C macrotrends.net/stocks/charts/PG/procter-gamble/income-statement Procter & Gamble Income Statement 2005-2020 | PG Prices Financials Revenue & Profit Assets & Liabilities Margins Price Ratios Other Ratios Other Metrics Income Statement Balance Sheet Cash Flow Statement Key Financial Ratios Format: Annual Search for ticker or company name... Annual Data | Millions of US $ except per share data 2020-06-30 2019-06-30 2018-06-30 2017-06-30 Revenue $70,950 $67,684 $66,832 $65,058 Cost Of Goods Sold $35,250 $34,768 $34,432 $32,638 Gross Profit $35,700 $32,916 $32,400 $32,420 Research And Development Expenses SG&A Expenses $19,994 $19,084 $19,037 $18,654 Other Operating Income Or Expenses $-8,345 Operating Expenses $55,244 $62, 197 $53,469 $51,292 Operating Income $15,706 $5,487 $13,363 $13,766 Total Non-Operating Income/Expense $128 $582 $-37 $-509 Pre-Tax Income $15,834 $6,069 $13,326 $13,257 Income Taxes $2,731 $2, 103 $3,465 $3,063 Income After Taxes $13,103 $3,96 $9,861 $10,194 Other Income Income From Continuous Operations $13,103 $3,966 $9,861 $10,194 Income From Discontinued Operations $5,217 Net Income $12,764 $3,634 $9,485 $15,079 EBITDA Latil $18,719 $8,311 $16,197 $16,586 EBIT $15,706 $5,487 $13,363 $13,766 Basic Shares Outstanding 2,487 2,504 2,529 2,598 Shares Outstanding 2,626 2,540 2,657 2,740 Basic EPS $5.13 $1.45 $3.75 $5.80 EPS - Earnings Per Share $4.96 $1.43 $3.67 $5.59 FOREX.com | America's Largest FX Broker* | Over 18 Years Experience
