Colgate Palmolive Company 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Net sales $15,195 $15,454 % Change 1.7% -100.0% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! Cost of sales 6,072 6,174 Gross profit 9,123 9,280 0 0 0 0 0 0 0 0 0 0 0 % Sales 60.0% 60.0% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! Selling, general and administrative expenses 5,143 5,400 Other (income) expense, net 25 173 Operating profit (EBIT) 3,955 3,707 0 0 0 0 0 0 0 0 0 0 0 Interest (income) expense, net 217 220 Income before income taxes 3,738 3,487 0 0 0 0 0 0 0 0 0 0 0 Provision for income taxes 1,152 1,313 Net income $2,586 2,174 0 0 0 0 0 0 0 0 0 0 0 + Interest Expense 217 220 EBIAT 2,803 2,394 0 0 0 0 0 0 0 0 0 0 0 + depreciation & amortization 443 475 - capital expenditures -593 -553 - increase in working capital 79 -119 Free Cash Flow 2,732 2,197 0 0 0 0 0 0 0 0 0 0 0 Discount Factor