campbell 2017 annual report

Answer the following questions based on your Income and Cash Flow Statements. 1. Single step or Multi Step Income statement page 2 How does the company report the following? . Gross Profit - Is this shown? Yes/No Calculate Amount Operating Income Is this shown? Yes/No Calculate Amount Income before taxes Is this shown? Yes/No - Calculate Amount Net Income - Is this shown? Yes/No - Calculate Amount 3. Calculate the Gross Profit Margin and Ratio for 3 years. Year GP Amounts GP - GP Amounts GPX Year GP Amounts GPX 4. Is Operating income increasing or Decreasing for the last 3 years? (Put an X next to the Answer Increasing Decreasing . Both (Explain 5-1. From the Cash Flow Statement, List two items and amounts, other than depreciation, that are adjusted to income/lose to cash provided by Operating Activities Inc. page ) Year Item 1 Amount Pagell Item #2 Amounts Paper 5-2 List two items and the amounts that fall under Cash Flows from investing Activities Item - Amounts Page Item 2 Amount: $ Page 5-3.ht two items and the amounts that fall under Cash Flows from Financing Activities Amounts Paste Item 2 Amounts Page 6/ Question 2 Calculate gross profit ratio. Refer to the following mentioned data. In miliona) 2017 2016 2015 Net Sales $ 7,890 $ 7,961 $ 8,082 Cost of products sold 4,831 5.181 5.300 Gross margin $ 3,059 $ 2.780 $ 2,782 Required: a Calculate the gross profit ratio for each of the past three years. (Enter Answers as whole numbers witho the Percent Sign and Round your answers to 1 decimal place.) (Example 29.2) Year Ratio % 2017 38.8 34.9 2016 2015 344 Item 8. Financial Statements and Supplementary Data CAMPBELL SOUP COMPANY Consolidated Statements of Earnings (millions, except per share amounts) 2017 $ 7,890 S 2016 2015 7,961 $ 8,082 4,831 817 488 98 238 5,181 893 641 124 131 31 7,001 960 115 4 18 6,490 1,400 112 Net sales Costs and expenses Cost of products sold Marketing and selling expenses. Administrative expenses Rescarch and development expenses. Other expenses/ (income). Restructuring charges. Total costs and expenses Earnings before interest and taxes Interest expense Interest income Earnings before taxes Taxes on earnings Net earnings Less: Net earnings (loss) attributable to noncontrolling interests Net earnings attributable to Campbell Soup Company Per Share Basic Net earnings attributable to Campbell Soup Company Weighted average shares outstanding basic Per Share - Assuming Dilution Net earnings attributable to Campbell Soup Company Weighted average shares outstanding asuuning dilution See accompanying Notes to Consolidated Financial Statements 5,300 884 601 117 24 102 7,028 1,054 108 3 949 283 666 5 1,293 406 849 286 563 887 $ 887 S 563 S 666 S 2.91 S 1.82 S 2.13 312 305 309 S 2.89S S 1.81 311 2.13 313 307 CAMPBELL SOUP COMPANY Consolidated Statements of Comprehensive Income (millions) 2017 2016 Tax (expense) benefit 2015 Tax (expense) benefit After-tax amount $ 887 Pre-tax amount After-tax amount $ 563 Preta amount After-tas amount 666 - 40 $ 45 S - 1 45 $ (312) $ (311) Tax Pretas (expense) amount benefit Net earnings. Other comprehensive income (loss): Foreign currency translation: Foreign currency translation adjustments $ 40 s Cash-flow hedges: Unrealized gains (losses) arising during period 19 (7) Reclassification adjustment for (gains) losses included in net earnings (4) Pension and other postretirement benefits: Prior service credit arising during the period 12 Reclassification of prior service credit included in net earnings (25) 12 (45) 16 (29) (5) 3 (2) 11 7 (9) 2 (7) (1) 1 - 93 8 1 (34) 59 1 1 9 (16) (1) (1) (2) 57 5 (6) S 83 S (16) 6 $ (320) S 51 938 67 630 (314) 352 S s Other comprehensive income (less) S Total comprehensive income (los) Total comprehensive income (loss) attributable to noncontrolling interests Total comprehensive income (less) attributable to Campbell Soup Company 3 S 938 627 S 353 See accompanying Notes to Consolidated Financial Statements 44 / 98 CAMPBELL SOUP COMPANY Consolidated Statements of Cash Flows (millions) 2017 2016 2015 s 887 S 563 $ 666 141 212 18 60 (258) 318 93 18 31 64 317 308 6 102 57 118 (30) 6 303 (49) 15 28 46 24 59 12 (18) 10 30 (27) (48) Cash flows from operating activities: Net earnings Adjustments to reconcile net carnings to operating cash flow Impairment charges Restructuring charges Stock-based compensation Pension and postretirement benefit expense (income) Depreciation and amortization Deferred income taxes Other, net Changes in working capital, net of acquisitions Accounts receivable Inventories Prepaid assets Accounts payable and accrued liabilities Pension fund contributions Net receipts from hedging activities Other Net cash provided by operating activities Cash flows from investing activities: Purchases of plant assets Sales of plant assets Business acquired, net of cash acquired Othernet Net cash used in investing activities Cash flows from financing activities: Net short-term borrowings trepayments Long-term bomowings Long term repayment Repayments of modes payable Dividends and IS (2) 44 (5) 2 (53) 1.291 (5) 11 (52) 1.206 (583 1.491 (338) (341) 5 (380) 15 (30) (368) 153 350) (60 2:15 100 100 215 190) 1420 300 18 6 15 24 28 46 (27) (48) (5) 2 59 9 15 (2) 44 12 (18) 10 30 (5) 11 (52) 1,206 (53) 1,291 (58) 1,491 (338) (341) 5 (380) 15 (232) (6) (603) (30) (368) (18) (354) Other, net Changes in working capital, net of acquisitions Accounts receivable Inventories Prepaid assets Accounts payable and accrued liabilities Pension fund contributions Net receipts from hedging activities Other Net cash provided by operating activities Cash flows from investing activities: Purchases of plant assets Sales of plant assets Business acquired, net of cash acquired Other, net Net cash used in investing activities Cash flows from financing activities: Net short-term borrowings (repayments) Long-term borrowings Long-term repayments. Repayments of notes payable Dividends paid Trensury stock purchases Treasury stock issuances Contributions from noncontrolling interest Payments related to tax withholding for stock-based compensation Othernet Net cash used in financing activities Effect of exchange rate changes on cash Net change in cash and cash equivalent Cash and cash equivalents - beginning of period Cash and cash equivalents end of period See accortopanying Notes to Consolidated Financial Statements. (762) 215 100 300 245 211 (90) (400) (420) (437) 2 LI (390) (143) 2 (309) (394) (244) 9 9 (22) (21) (911) 11 23 296 3195 (1,099) 5 43 (18) (3) (550) (32) 21 232 253 296 S S 253 36