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Consolidated Statements of Financial Position (millions of dollars) January 28, 2023 January 29, 2022 January 30, 2021 Assets Cash and cash equivalents $ 2,229 $
Consolidated Statements of Financial Position | |||||||
(millions of dollars) | January 28, 2023 | January 29, 2022 | January 30, 2021 | ||||
Assets | |||||||
Cash and cash equivalents | $ 2,229 | $ 5,911 | $ 8,511 | ||||
Inventory | 13,499 | 13,902 | 10,653 | ||||
Other current assets | 2,118 | 1,760 | 1,592 | ||||
Total current assets | $ 17,846 | 21,573 | 20,756 | ||||
Property and equipment | |||||||
Land | 6,231 | 6,164 | 6,141 | ||||
Buildings and improvements | 34,746 | 32,985 | 31,557 | ||||
Fixtures and equipment | 7,439 | 6,407 | 5,914 | ||||
Computer hardware and software | 3,039 | 2,505 | 2,765 | ||||
Construction-in-progress | 2,688 | 1,257 | 780 | ||||
Accumulated depreciation | (22,631) | (21,137) | (20,278) | ||||
Property and equipment, net | 31,512 | 28,181 | 26,879 | ||||
Operating lease assets | 2,657 | 2,556 | 2,227 | ||||
Other noncurrent assets | 1,320 | 1,501 | 1,386 | ||||
Total assets | $ 53,335 | $ 53,811 | $ 51,248 | ||||
Liabilities and shareholders' investment | |||||||
Accounts payable | $ 13,487 | $ 15,478 | $ 12,859 | ||||
Accrued and other current liabilities | 5883 | 6,098 | 6,122 | ||||
Current portion of long-term debt and other borrowings | 130 | 171 | 1,144 | ||||
Total current liabilities | $ 19,500 | 21,747 | 20,125 | ||||
Long-term debt and other borrowings | 16,009 | 13,549 | 11,536 | ||||
Noncurrent operating lease liabilities | 2,638 | 2,493 | 2,218 | ||||
Deferred income taxes | 2,196 | 1,566 | 990 | ||||
Other noncurrent liabilities | 1,760 | 1,629 | 1,939 | ||||
Total noncurrent liabilities | 22,603 | 19,237 | 16,683 | ||||
Shareholders' investment | |||||||
Common stock | 38 | 39 | 42 | ||||
Additional paid-in capital | 6,608 | 6,421 | 6,329 | ||||
Retained earnings | 5,005 | 6,920 | 8,825 | ||||
Accumulated other comprehensive loss | (419) | (553) | (756) | ||||
Total shareholders' investment | 11,232 | 12,827 | 14,440 | ||||
Total liabilities and shareholders' investment | $ 53,335 | $ 53,811 | $ 51,248 | ||||
Consolidated Statements of Operations | Years Ending Jan 28, 2023, Jan 29, 2022, Jan 30, 2021, respectively | ||||||
(millions) | Mostly 2022 | Mostly 2021 | Mostly 2020 | ||||
Sales | $ 107,588 | $ 104,611 | $ 92,400 | ||||
Other revenue | 1,532 | 1,394 | 1,161 | ||||
Total revenue | 109,120 | 106,005 | 93,561 | ||||
Cost of sales | 82,229 | 74,963 | 66,177 | ||||
Selling, general and administrative expenses | 20,658 | 19,752 | 18,615 | ||||
Depreciation and amortization* | 2,385 | 2,344 | 2,230 | ||||
Operating income | 3,848 | 8,946 | 6,539 | ||||
Net interest expense | 478 | 421 | 977 | ||||
Net other (income) / expense | -48 | (382) | 16 | ||||
Earnings from continuing operations before income taxes | 3,418 | 8,907 | 5,546 | ||||
Provision for income taxes | 638 | 1,961 | 1,178 | ||||
Net earnings | $ 2,780 | $ 6,946 | $ 4,368 | ||||
*Depreciation and amortization (exclusive of depreciation included in cost of sales) | |||||||
Compute ratios for both the current and prior year.
Note that a ratio of .204 is often (not always) expressed in percentage terms as 20.4%. Round to the third place. Use common conventions, as shown to the textbook. For example, we do not usually express the Inventory turn ratio as a percent.
When it says 2022 that means it is for the year ending Jan 28, 2023. Most of the year was in 2022 and so it makes more sense to refer to the 11 months in 2022. The 2020 year is for Jan 29, 2022.
Compute ratios for both the current and prior year. :
- Gross Margin [(Sales-COS)/Sales] - do not include "Other Revenue"
- Provision for Income taxes as a percent of Earnings Before Taxes. Compute as follows:(Provision for Income Taxes / Earnings Before Taxes)
- Return on Assets
- Debt to Assets Ratio
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