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Common Stock: Retained Earnings: Fiscal Balance at beginning of year 11090 16,449 in millions, except per share data 2019 Net earnings Net sales $ 110,230
Common Stock: | Retained Earnings: | |||||
Fiscal | Balance at beginning of year | 11090 | 16,449 | |||
in millions, except per share data | 2019 | Net earnings | ||||
Net sales | $ 110,230 | Cash dividends | ||||
Cost of sales | Balance at end of year | 11090 | 21,729 | |||
Gross profit | 37,577 | |||||
Operating expenses: | Financial Statement 4 | |||||
Selling, general and administrative | 19,740 | Fiscal | ||||
Depreciation and amortization | 1,989 | in millions | 2019 | |||
Total operating expenses | 21,729 | Cash Flows from Operating Activities: | ||||
Losses | 1,128 | Net cash provided by operating activities | 13,723 | |||
Income tax expense | 3,473 | |||||
Net earnings | Cash Flows from Investing Activities: | |||||
Net cash used in investing activities | ||||||
Cash Flows from Financing Activities: | ||||||
Net cash used in financing activities | (10,834) | |||||
Change in cash and cash equivalents | 355 | |||||
Cash and cash equivalents at beginning of year | 1,778 | |||||
Cash and cash equivalents at end of year | $ 2,133 | |||||
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