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Balance sheet Income Statement As Reported Annual Income Statement Report Date 2018 2017 2016 Scale Thousands Thousands Thousands Net sales 71.309,000 68,619.000 65.017.000 Cost of sales 48,401,000 45,210,000 42.553,000 Gross margin 22,908,000 23,409,000 22,464,000 Selling, general & administrative expense 17,413,000 15,376,000 15.129,000 Depreciation & amortization 1,477,000 1.447,000 1,489,000 Operating income (loss) 4,018,000 6,586,000 5,846,000 Interest income (expense), net -624,000 -633,000 -645,000 Loss on extinguishment of debt 0 -464.000 0 Pre-tax earnings (losses) 3,394,000 5,489.000 5,201,000 Income tax provision 1,080,000 2,042.000 2.108,000 Net earnings 2,314,000 3,447,000 3,093,000 Additional Information Weighted average shares outstanding - basic 811,000 839,000 880,000 Cash dividends per share 1.85 1.58 1.33 Net cash flows from operating activities 6, 193,000 5,065,000 5,617,000Balance Sheet Income Statement shares in Millions, $ in Millions 2018 2017 2016 Income Statement Net Sales $108,203 $100,904 $94,595 Cost of sales 71,043 66,548 62,282 Gross profit 37,160 34,356 32,313 Operating expenses: Selling, general and administrative 19,513 17,864 17,132 Depreciation and amortization 1,870 1,811 1,754 Impairment loss 247 0 0 Total operating expenses 21,630 19,675 18,886 Operating income 15,530 14.681 13,427 Interest and other (income) expense: Interest and investment income 93 -74 -36 Interest expense 1,051 1,057 972 Other 16 0 0 Interest and other, net 974 983 936 Earnings before provision for income taxes 14,556 13,698 12,491 Provision for income taxes 3,435 5,068 4,534 Net earnings $11,121 $8,630 $7.957 Additional Information Basic weighted average common shares 1,137 1,178 1,229 Cash dividend per share 4.12 3.56 2.76 Operating cash flow for the year 13,038 12,031 9,783