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 and Ingo automated fuel sites in Sweden and Denmark. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 24, 2022, April 25, 2021, and April 28, 2020 (in millions of U.S. dollars) Revenues $ Cost of sales 2022 30,000 25,416.0 2021 $29,590.0 2020 $26,310.0 Gross profit 4,584.0 25,355.7 4,234.3 21,989.9 4,320.1 Operating, selling, administrative, and general expenses (Gain) loss on disposal of property and equipment and other 3,537.0 3,370.31 3,309.8 (2.8) (19.1) (9.3) assets Depreciation, amortization, and impairment. 330.0 $313.71 276.3 Total operating expenses. 3,864.2 3,664.9 3,595,4 Operating income 719.8 Share of earnings of joint ventures and associated companies 24.0 569.4 65.0 724.7 13.5 Net financial expenses 101.4 111.4 68.3 Earnings before income taxes 642.4 523.0 669.9 207.0 118.4 71.3 Income taxes $ 435.4 $ 404.6 $ 598.6 Net earnings indicated by a comma CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2022, April 29, 2021, and April 30, 2020 (in millions of U.S. dollars) 2022 2021 $ 30,000.0 $ 29,5000 $ 26,310.0 2020 2022 2021 2020 Revenues Cost of sales 25,416 0 25,355.7 21,989 9 % L Gross profit 4,584.0 4,234.3 4,320 1 N Operating, selling, administrative, and general expenses 3,537 0 3,3703 3,309 8 THE (Gain) loss on disposal of property and equipment and other assets (2.8) (19.1) 93 Depreciation, amortization, and impairment 330.0 3137 2763 Total operating expenses 3,864.2 3,664.9 3,595 4 Operating income 7198 569.4 724.7 % Share of earnings of joint ventures and associated companies 24.0 65.0 135 % Not financial expenses 101.4 111.4 68.3 Eamings before income taxes 642.4 523.0 669.9 207 0 118.4 713 Income taxes $ 435.4 $ 404.6 $ 598.6 Net earnings