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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
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. 2017 $20,310.0 16,948.7 3,361.3 2,534.7 18.1 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 $24,000.0 $23,590.0 Cost of sales 20, 301.6 20,183.6 Gross profit 3,698.4 3,406.4 Operating, selling, administrative, and general expenses 2,805.6 2,663.3 Restructuring costs 18.5 66.9 (Gain) loss on disposal of property and equipment and other assets (3.4) (19.7) Depreciation, amortization, and impairment of property and 278.4 264.2 equipment, intangible assets and other assets Total operating expenses 3,099.1 2,974.7 Operating income 599.3 431.7 Share of earnings of joint ventures and associated companies accounted for using the equity method 43.2 75.5 Net financial expenses 102.0 112.0 Earnings before income taxes 540.5 395.2 Income taxes 172.8 101.4 $ 367.7 $ 293.8 Net earnings 9.9 225.4 2,788.1 573.2 14.0 73.1 514.1 71.9 442.2 $ 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.) 2019 2018 2017 % % % % % % % % % % % sell % % % % 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 2017 Revenues $ 24,000.0 $ 23,590.0 $ 20,310.0 Cost of sales 20,301.6 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 2,6633 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 and equipment, 278.4 264.2 225.4 intangible assets and other assets Total operating expenses 3,099.1 2,974.7 2,788.1 Operating income 5993 4317 573.2 Share of earnings of joint ventures and associated companies accounted 43.2 75.5 14.0 for using the equity method Net financial expenses 102.0 112.0 73.1 540.5 Earnings before income taxes 395.2 514.1 Income taxes 172.8 101.4 71.9 $ 367.7 $ 293.8 $ 4422 Net earnings % % % % % % % % % % % % % % % % % % % % 0 % % % % % %
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