BALANCE SHEET

Fiscal year is January-December. All values USD Millions.

2020

2019

2018

Cash & Short Term Investments

13,334

4,072

3,689

Cash Only

11,063

2,548

1,854

Short-Term Investments

2,271

1,524

1,835

Cash & Short Term Investments Growth

227.46%

10.38%

12.71%

Cash & ST Investments / Total Assets

36.46%

15.07%

13.51%

Total Accounts Receivable

1,130

1,086

568

Accounts Receivables, Net

355

944

568

Accounts Receivables, Gross

355

944

568

Other Receivables

775

142

-

Accounts Receivable Growth

4.05%

91.20%

-14.20%

Accounts Receivable Turnover

8.01

20.65

38.67

Inventories

414

529

461

Raw Materials

414

529

461

Other Current Assets

295

287

310

Miscellaneous Current Assets

295

287

310

Total Current Assets

15,173

5,974

5,028

Net Property, Plant & Equipment

17,723

18,374

19,525

Property, Plant & Equipment - Gross

29,466

29,062

29,256

Machinery & Equipment

26,960

27,301

26,713

Construction in Progress

309

164

1,768

Other Property, Plant & Equipment

305

248

775

Accumulated Depreciation

11,743

10,688

9,731

Total Investments and Advances

211

49

95

Other Long-Term Investments

211

49

95

Long-Term Note Receivable

-

-

61

Intangible Assets

1,265

1,266

1,370

Net Goodwill

970

970

970

Net Other Intangibles

295

296

400

Other Assets

216

232

164

Tangible Other Assets

216

232

164

Total Assets

36,573

27,013

27,303

Assets - Total - Growth

35.39%

-1.06%

4.22%

Asset Turnover

0.28

-

-

-

-

Return On Average Assets

-9.67%

-

-

-

-

INCOME STATEMENT

Fiscal year is January-December. All values USD Millions.	2020	2019	2018
Sales/Revenue	9,048	22,428	21,965
Sales Growth	-59.66%	2.11%	3.87%
Cost of Goods Sold (COGS) incl. D&A	11,835	16,397	15,940
COGS excluding D&A	10,580	15,178	14,739
Depreciation & Amortization Expense	1,255	1,219	1,201
Depreciation	-	1,204	1,198
Amortization of Intangibles	-	15	3
COGS Growth	-27.82%	2.87%	11.16%
Gross Income	(2,787)	6,031	6,025
Gross Income Growth	-146.21%	0.10%	-11.48%
Gross Profit Margin	-30.80%	-	-
SG&A Expense	1,926	3,026	2,852
Other SG&A	1,926	3,026	2,852
SGA Growth	-36.35%	6.10%	0.18%
EBIT	(4,713)	3,005	3,173
Unusual Expense	(906)	24	29
Non Operating Income/Expense	(179)	(61)	9
Non-Operating Interest Income	32	90	69
Interest Expense	302	53	58
Interest Expense Growth	469.81%	-8.62%	61.11%
Gross Interest Expense	337	89	96
Interest Capitalized	35	36	38
Pretax Income	(4,256)	2,957	3,164
Pretax Income Growth	-243.93%	-6.54%	-3.09%
Pretax Margin	-47.04%	-	-
Income Tax	(1,182)	657	699
Income Tax - Current Domestic	(466)	712	398
Income Tax - Deferred Domestic	(716)	(55)	301
Other After Tax Income (Expense)	-	-	-
Consolidated Net Income	(3,074)	2,300	2,465
Net Income	(3,074)	2,300	2,465
Net Income Growth	-233.65%	-6.69%	-26.57%
Net Margin	-33.97%	-	-
Net Income After Extraordinaries	(3,074)	2,300	2,465
Net Income Available to Common	(3,074)	2,300	2,465
EPS (Basic)	(5.44)	4.27	4.29
EPS (Basic) Growth	-227.50%	-0.53%	-22.98%
Basic Shares Outstanding	565	538	573
EPS (Diluted)	(5.44)	4.27	4.29
EPS (Diluted) Growth	-227.50%	-0.63%	-22.86%
Diluted Shares Outstanding	565	539	574
EBITDA	(3,458)	4,224	4,374
EBITDA Growth	-181.87%	-3.43%	-15.51%
EBITDA Margin	-38.22%	-	-
EBIT	(4,713)	3,005	3,173

Analysis: (use Excel to complete this section)

50. Provide common-size analysis of your companys income statement and balance sheet for the 2 most recent years (must be done using Excel with formulas).

51. Provide horizontal analysis of your companys income statement and balance sheet, showing the dollar amount and percent of change using the 2 most recent years (you must use an Excel spreadsheet with formulas).

52. Perform ratio analysis on your company using the ratios listed in Exhibit 13.16 on page 505 of your text (these must be in an Excel spreadsheet, using formulas to calculate the ratios). You should present them in a similar format as the text: group by category, list name of ratio, formula in words, and the ratio calculation. Give a short explanation of your conclusions about your company after each category of ratios (i.e. How liquid is your company? How efficiently is it using its assets? etc.).