50 The financial statements of P&G are presented in Appendix B. The company's complete annual report, including the notes to the financial statements, is available online. Click here to view Appendix B. Refer to P&G's financial statements and the accompanying notes to answer the following questions. Does P&G report any intangible assets, especially goodwill, in its 2017 financial statements and accompanying notes? What is the amount of goodwill, trademarks and other intangible assets in 2017 financial statements and accompanying notes? (Enter the amounts in millions.) Goodwill $ Trademarks and other intangible assets $ What is the amount of goodwill trademarks and other intangible assets in 2017 financial statements and accompanying notes? (Enter the amounts in millions.) Goodwill Trademarks and other intangible assets $ eTextbook and Media How much research and development (R&D) cost was expensed by PSG in 2016 and 2017? What percentage of sales revenue and net income did P&G spend on R&D in 2016 and 2017 (Enter amounts in millions. Round percentages to 2 decimal places, es 5.25%) 2016 2017 Research and development $ Sales revenue Net income e Textbook and Media abon Wiley.com Formate Accounting.com FF76503682XFOP Selected Financial Duta The official SEC filing of the annual report is called a Form 10-K, which on omits the public relatione piece found in most standard annual reports. On the following pages, we present The Procter & Gamble Company (PROY's financial statements taken from the company's 2017 Form 10-K Consolidated Statements of Earnings Amounts in millions except per share amounts: Years ended June 30 2017 2016 NET SALES 2015 $65.038 65.999 Cost of products sold $ 70,149 Selling meral and administrative expense 32.535 32.909 37,056 18.868 Venem la deconsolidation charge 18.99 2016 2,000 OPERATING INCOME 13.955 Interest 13441 11019 465 529 Determine 171 HR 149 Other non-operating income/expensee (104) 190 4140 EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 13,457 | Inconies on continuing operations 3.10 NET WARNINGS FROM CONTINUING OPERATIONS 10,194 10,022 NET EARNINGS/CLOSS) FROM DISCONTINUED OPERATIONS 321 NET EARNINGS 1.6 7.444 Nuteaning true to controlling HS JOB NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE BASIC NKT WARNINGN PER COMMON SIARO Warnings from contingut 3.79 . 3.94 . Tami) from oneration . . (0 BASIC NE KARNINGS PER COMMON SELARE . ho DELLTYD NET WARNINGS POR COMMON SHARAN Laminating patient 1.69 549 3 214 Wara from da 1. 102 DILUTED NET EARNINGS PER COMMON SHARE 5.22 3 2. DIVIDENDS PERCOMMON SHARE . that when 3.065 . 1 2017 2016 2015 $ 0,604 (1.679) 1 Amounts in million Years ended June 30 NET EARNINGS OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX Financial statement translation Unrealised gains/( le) on bedges (net of 6186). und $739 tax reptil) Unrealised gins/) tretmartie (niet of (6), 57 and to tax, pehely Unrealized prin/s) on defined betirement planet of 551, 601) and a tax, Perpectivdy) TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NETOFTAX TOTAL COMPREHENSIVE INCOME La Totalcomprehensive income attributable to notrilling Interi TOTAL. COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLK 239 (906) (50) 1.401 1,275 (1) 0.220) 1,25 34 564 (5.8) 2,025 108 LOR 06 85 # 16.6 2017 2016 5 3.369 9.56 4.391 1.00 6.346 Consolidated Balance Sheets Amountain millions of June 30 Assets CURRENT ASSETS Cand chequivalente Awilable for sale investment securities Accetto INVENTORIES Baterials and we Work in proces Wilhed good Total inventore Deferred income Propast expenses and other Current held for sale TOTAL CURRENT ASSEN PROPERTY, PLANT AND EQUIPMENT, NET GOODWILL TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET 50 4.6:34 4. 1307 11.09 +94 19.893 44.609 124.18- BS X 19.30 44.500 mediate Accounting 17 Feb 2016030252F0e TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET OTHER NONCURRENT ASSETS TOTAL ASSETS 24.187 5,133 120.406 24.627 5.09 $ 127,336 9.63 7,094 $ 9.325 7.449 11,651 1.534 30.10 13.038 8,136 8,854 18,945 10385 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable Accred and other liabilities Current liabilities held for sale Debt due within one year TOTAL CURRENT LIABILITIES LONG-TERM DERT DEFERRED INCOME TAXES OTHER NONCURRENT LIABILITIES TOTAL LIABILITIES SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated values per share (600 shares Ruthorised) Non-Voting Class preferred stock, stated value $1 per share shares stored) Common stock, stated value 5s per share (10,000 shares withoutand share and 2017: 4.000.2, 2016 - 4,009.) Additional pald-in capital Reserve for ESOP debt retirement Mercumulated other comprehensive income/ou) Trey Hock, at contraree hold 2013-1455-9, 2016) Retained esaming Nontrolling interest TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY Socy Notes to Combatelial Statement LOR 4.009 63.63 (14.630) (93.715) 96,184 594 4,000 62714 (1990) 15.904) (89.163 53 By S 1929 0106 Consolidated Statements of Shareholders' Equity Accumulated lidated Statements of Shareholders' Equity Accumulated Other Total Common Additional Reserve for Comprehensive Dollars in millions Non Share Shares Common Preferred Paid In ESOP Debt Income Shares in thousands Treasury Retained controlling holders' Outstanding Stock Stock Capital Retirement (Loss) Stock Earnings Interest Equity BALANCE JUNE 30, 2014 2.710,806 $4,009 $1,111 $63.911 ($1.340) (87.663) ($75.805) $84,900 $762 $69,976 Net earnings 7.036 108 7,144 Other comprehensive loss (5.119) (518) Dividends to shareholders Common (2008) 0.008) Preferred, net of tax benefits (59) (259) Treasury purchases (4.670) (4.604) 4.600) Employee plan is anos 54.100 156 3.153 3.309 Preferred stock conversions 4.333 (34) 4 30 1.80P debt impact 90 68 88 Nancontrolling interest (219) 2092 BALANCE JUNE 30, 2015 2.7714.573 $4,000 8:07 $63.85 $1.390) ($18,780) (577,216) 484,807 $631 $63,050 Neteaming 10,808 96 10,604 Other comprehensive loss Dividends to shareholders Common 0.181) 0.18) Preferred, net of tax benefits (256) (250) Treasury purchase 0203449) (8.217) (22) Employee planine 52.08 144) 3.090 Preferred stock conversion L. (39) 6 33 ESOP debit impact 24 Noncontrolling interest (N BALANCE JUNE 30, 2016 0.00014 5.00 $1.008 (518.907) 08012082 Netamine NG 15.411 Other comprehensive los 1.295 Dividenda to bude 104 * Dividends to shareholders 02-apb2F17811195036822FOP Common Preferred, net of tax benefits (6,989) (6,989) (247) (247) Treasury purchas (164,866) (14,625) Employee plan isunen 45.848 (14,635) (7) Preferred stock conversions 3,038 2,981 4.241 4 28 ESOP debt impacts 41 8 Noncontrolling interest, net BALANCE JUNE 30, 2017 (133) (133) 2.553.397 $4,009 81,006 363.641 ($14,638) 93.745) 96,684 8594855.778 Includes sans of tramay shares equired in the divertime of the Batterier (se Note bu Includes part of tremury sharts received as part of the share change in the Beauty and transaction (se Note See accompanying Notes to Consolidated Pinancial Statements. Consolidated Statements of Cash Flows Amount in million Year ended June 30 2017 2016 1015 CASH AND CASEI EQUIVALENTS, BEGINNING OF YEAR $7.100 $ 6,896 $ 8,548 OPERATING ACTIVITIES Net earning 15.41 10,604 2.144 Depreciation and amortization 2,820 3.134 Lomon early extinguishment of debt 543 Share based compensation expende 350 335 137 Difered income taxe (601) (is) () Cain on sale of (5.490) 666) Vennela deconsolidation change 2.00 Goodwill and intangible et impairment cu 150 3.174 Change in contable (22) 149 Change in inventore 71 116 Change in opvallend other babilities (149) Las 90 Change in the operating net and liabilities (43) 904 (926) Other toa 184 1946 TOTAL OPERATING ACTIVITIES 12.03 INVISIIN 3.078 HOR 432 erabooky Fox 2-978171960300ZX FOR INVESTING ACTIVITIES Capital expenditures Proceeds from a sales (3,384) (3.314) (3.736) 57 Cash related to deconsolidated Venerala operations 4.498 Acquisitions, set of cash acquired (908) (16) (186) Purchases of short term investments (137) (4.843) (2,815) 13,647) Proceeds from sales and maturities of short-term investments 1,488 1.354 1,003 Pre-divestiture addition of restricted cash related to the Beauty Brande divestitore (874) (996) Cash transferred at closing related to the Beauty Brands divestiture (475) Release of restricted cask upon cloning of the Beauty Brands divestiture 1,870 Clish transferred in Batteries divestiture (143) Change in other investments (26) 93 (163) TOTAL INVESTING ACTIVITIES (5,689) (5.375) ( so) FINANCING ACTIVITIES Dividends to shareholders (7,936) (436) C%98) Change in short-term debt 2,797 (410 (gbo) Addition to long term debt 3,603 3.916 3,138 Reductions of long-term det (4.930) (213) (3.510) Treasury stock purchases (5,304) (4,004) (4.604) Treasury stock from chinfused in Batterie diventure (1.730) Impact of stock options and other 1.473 2.0 6 TOTAL FINANCING ACTIVITIES (8.368) (0.213) (13.0197 EPECTOF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (29) 81 41 CHANGE IN CASEL AND CASH EQUIVALENTS (1.330 000 ya) CASH AND CASH EQUIVALENTS, END OF YEAR SA1106.576 SUPPLEMENTAL DISCLOSURE Cash payments for inte . . 560 Cash payment for income taxe 3.714 1.730 443 Divestiture of Batteries buried in change for shares of Powock 1.013 Divestiture of my business in exchange for share of stock and womption of debt 11360 Actured through on cat catalanisterial for periode