Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's stores in central and western Canada. It also operates Circle K shops in the United States. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per-share amounts) 2019 2018 Revenues 2017 $24,000. $23,598.0 $20,310.0 Cost of sales 20,381.6 20,183.6 16,948.7 Gross profit 3,698.4 3,406.4 3,361.3 Operating, selling, administrative, and general expenses 2,805.6 2,663.3 2,534.7 Restructuring costs 18.5 66.9 18.1 (Gain) loss on disposal of property and equipment and other assets (3.4) (19.7) 9.9 Depreciation, amortization, and impairment of property 278.4 264.2 225.4 and equipment, intangible assets and other assets Total operating expenses 3,099.1 2,974.7 2,788.1 Operating income 599.3 431.7 573.2 Share of earnings of joint ventures and associated 43.2 75.5 14. companies accounted for using the equity method 102. 112.0 73.1 Net financial expenses 540.5 395.2 514.1 Earnings before income taxes 172.8 101.4 71.9 Income taxes $ 367.7 $ 293.8 $ 442.2 Net earnings 2017 Required: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers should be Indicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to rounding.) CONSOLIDATED STATEMENTS OF LARMINOS For the years ended April 21, 2018 April 20, 2011, and April 30, 2017 in milions of US dollars. xcspt per har smounta) 2010 2018 2017 2010 2018 Revenues $ 24,000,0 $ 23,500,0 $20,310.0 9 Cost of sales 20,301.6 20,183.6 16.948.7 % % Gross profit 3,698.4 3,4064 3,3613 % Operating, selling, administrative, and general expenses 2,805,6 2.6633 2.5347 Restructuring costs 18.5 669 18.1 % (Gain) loss on disposal of property and equipment and other assets (3.4) (19.7) (9.9) IX X Depreciation, amortization, and impairment of property and equipment 278.4 264.2 225.4 Intangible assets and other assets % Total operating expenses 3,099.1 2,974.7 2,7881 56 Operating income 5993 4317 5732 Share of earnings of joint ventures and associated companies accounted 43.2 75.5 140 % for using the equity method Net financial expenses 102.0 112.0 73.1 Earnings before income taxes 540.5 395.2 5141 % Income taxes 1728 1014 71.9 % $ 367.7 S 4422 Not earnings 293.8 $ 56 N Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's stores in central and western Canada. It also operates Circle K shops in the United States. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per-share amounts) 2019 2018 Revenues 2017 $24,000. $23,598.0 $20,310.0 Cost of sales 20,381.6 20,183.6 16,948.7 Gross profit 3,698.4 3,406.4 3,361.3 Operating, selling, administrative, and general expenses 2,805.6 2,663.3 2,534.7 Restructuring costs 18.5 66.9 18.1 (Gain) loss on disposal of property and equipment and other assets (3.4) (19.7) 9.9 Depreciation, amortization, and impairment of property 278.4 264.2 225.4 and equipment, intangible assets and other assets Total operating expenses 3,099.1 2,974.7 2,788.1 Operating income 599.3 431.7 573.2 Share of earnings of joint ventures and associated 43.2 75.5 14. companies accounted for using the equity method 102. 112.0 73.1 Net financial expenses 540.5 395.2 514.1 Earnings before income taxes 172.8 101.4 71.9 Income taxes $ 367.7 $ 293.8 $ 442.2 Net earnings 2017 Required: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers should be Indicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to rounding.) CONSOLIDATED STATEMENTS OF LARMINOS For the years ended April 21, 2018 April 20, 2011, and April 30, 2017 in milions of US dollars. xcspt per har smounta) 2010 2018 2017 2010 2018 Revenues $ 24,000,0 $ 23,500,0 $20,310.0 9 Cost of sales 20,301.6 20,183.6 16.948.7 % % Gross profit 3,698.4 3,4064 3,3613 % Operating, selling, administrative, and general expenses 2,805,6 2.6633 2.5347 Restructuring costs 18.5 669 18.1 % (Gain) loss on disposal of property and equipment and other assets (3.4) (19.7) (9.9) IX X Depreciation, amortization, and impairment of property and equipment 278.4 264.2 225.4 Intangible assets and other assets % Total operating expenses 3,099.1 2,974.7 2,7881 56 Operating income 5993 4317 5732 Share of earnings of joint ventures and associated companies accounted 43.2 75.5 140 % for using the equity method Net financial expenses 102.0 112.0 73.1 Earnings before income taxes 540.5 395.2 5141 % Income taxes 1728 1014 71.9 % $ 367.7 S 4422 Not earnings 293.8 $ 56 N
