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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.
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) 2022 Revenues $ Cost of sales 28,000 23,699.2 2021 $27,590.0 2020 23,619.8 $ 24,310.0 20,298.9 Gross profit 4,300.8 3,970.2 Operating, selling, administrative, and general expenses (Gain) loss on disposal of property and equipment and other 3,304.0 3,145.3 assets (3.2) (19.5) Depreciation, amortization, and impairment 299.6 Total operating expenses Operating income 3,600.4 700.4 284.2 3,410.01 Share of earnings of joint ventures and associated companies 25.2 560.2 63.4 4,011.1 3,060.6 (9.7) 248.0 3,318.3 692.8 13.9 Net financial expenses 101.8 111.8 65.6 Earnings before income taxes 623.8 511.8 641.1 Income taxes 212.8 129.7 71.7 Net earnings $ 411.0 $ 382.1 $ 569.4 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 EARNINGS For the years ended April 28, 2022, April 29, 2021, and April 30, 2020 (in millions of U.S. dollars) Revenues Cost of sales Gross profit 2022 2021 2020 2022 2021 2020 $ 28,000.0 $ 23,699.2 4,300.8 27,590.0 $ 24,310.0 23,619.8 3,970.2 % 20,298.9 % % 4,011.1 % %
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