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Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Macs 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 Macs 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 | 2017 | ||||||||
Revenues | $ | 27,000.0 | $ | 26,590.0 | $ | 23,310.0 | ||||
Cost of sales | 22,871.7 | 22,782.3 | 19,480.2 | |||||||
Gross profit | 4,128.3 | 3,807.7 | 3,829.8 | |||||||
Operating, selling, administrative, and general expenses | 3,183.3 | 3,028.6 | 2,932.4 | |||||||
Restructuring costs | 13.7 | 60.9 | 12.1 | |||||||
(Gain) loss on disposal of property and equipment and other assets | (22.1 | ) | (18.5 | ) | 8.7 | |||||
Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets | 286.2 | 271.2 | 235.4 | |||||||
Total operating expenses | 3,461.1 | 3,342.2 | 3,188.6 | |||||||
Operating income | 667.2 | 465.5 | 641.2 | |||||||
Share of earnings of joint ventures and associated companies accounted for using the equity method | 5.4 | 42.6 | 12.8 | |||||||
Net financial expenses | 100.8 | 110.8 | 46.6 | |||||||
Earnings before income taxes | 571.8 | 397.3 | 607.4 | |||||||
Income taxes | 202.5 | 122.3 | 70.7 | |||||||
Net earnings | $ | 369.3 | $ | 275.0 | $ | 536.7 | ||||
Required:
Complete the component percentage analysis on the companys 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.)
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