ABC, INC. ABC, INC. Condensed Balance Sheets Condensed Income Statement December 31 (In millions] For the Years Ended December 31 (In millions] 2014 2015 2014 2015 Current Assets 1,902.0 1,617.1 Net sales P 8,853 3 5,954.7 Plant Assets 2,952.8 2.526.9 Other Assets 5.513.8 742 0 Cost of goods sold 4,128.5 3,327.0 Total Assets P 10,368.6 4,886.0 Gross Profit 4,724.0 3.627.7 Liabilities and Stockholders' Equity Selling & Admin. 3,523.6 2,551.4 Current liabilities P 2,017.6 2,482.3 Nonrecurring charges 33.3 86.5 Long-term liabilities 7.289.5 1,506.2 Income from operations 1,167.9 989.8 Total libbailities 9,497.1 3,988.5 Interest Expense 351.5 137.5 Stockholders' equity Other income Common sack 195.3 205.8 (expense], net (12.3] 15.4 Retained earnings 1,013 3 1,065 7 (337.1) 804.1 867.7 Treasury stock (374.0) Income before taxes Total stockholders' equity 871.5 897 5 Income tax expense 322.1 280.0 Total liabilities and stockholders' equity P 10,368.6 P 4,806.0 Net income P 482 0 P 587.7