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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 | 22,858.2 | 22,769.0 | 19,468.5 | |||||||
Gross profit | 4,141.8 | 3,821.0 | 3,841.5 | |||||||
Operating, selling, administrative, and general expenses | 3,177.9 | 3,023.3 | 2,927.7 | |||||||
Restructuring costs | 17.3 | 65.4 | 16.6 | |||||||
(Gain) loss on disposal of property and equipment and other assets | (3.1 | ) | (19.4 | ) | 9.6 | |||||
Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets | 305.1 | 289.8 | 251.7 | |||||||
Total operating expenses | 3,497.2 | 3,359.1 | 3,205.6 | |||||||
Operating income | 644.6 | 461.9 | 635.9 | |||||||
Share of earnings of joint ventures and associated companies accounted for using the equity method | 16.2 | 53.2 | 13.7 | |||||||
Net financial expenses | 101.7 | 111.7 | 56.0 | |||||||
Earnings before income taxes | 559.1 | 403.4 | 593.6 | |||||||
Income taxes | 202.5 | 122.3 | 71.6 | |||||||
Net earnings | $ | 356.6 | $ | 281.1 | $ | 522.0 | ||||
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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