Question
Consolidated Statements of Operations - USD ($) $ in Millions 12 Months Ended May 29, 2016 May 31, 2015 May 25, 2014 Income Statement [Abstract]
Consolidated Statements of Operations - USD ($) $ in Millions | 12 Months Ended | |||
May 29, 2016 | May 31, 2015 | May 25, 2014 | ||
Income Statement [Abstract] |
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Net sales | $ 11,642.9 | $ 11,937.0 | $ 11,838.2 | |
Costs and expenses: |
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Cost of goods sold | 8,552.1 | 9,061.4 | 8,910.8 | |
Selling, general and administrative expenses | 2,209.4 | 1,545.3 | 1,778.9 | |
Interest expense, net | 297.8 | 330.0 | 377.5 | |
Income from continuing operations before income taxes and equity method investment earnings | 583.6 | 1,000.3 | 771.0 | |
Income tax expense | 225.4 | 362.1 | 178.3 | |
Equity method investment earnings | 137.8 | 122.1 | 32.5 | |
Income from continuing operations | 496.0 | 760.3 | 625.2 | |
Income (loss) from discontinued operations, net of tax | (1,161.9) | (1,001.1) | (310.1) | |
Net income (loss) | (665.9) | (240.8) | 315.1 | |
Less: Net income attributable to noncontrolling interests | 11.1 | 11.8 | 12.0 | |
Net income (loss) attributable to ConAgra Foods, Inc. | $ (677.0) | $ (252.6) | $ 303.1 | |
Earnings (loss) per share basic |
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Income (loss) from continuing operations attributable to ConAgra Foods, Inc. common stockholders (in dollars per share) | $ 1.11 | $ 1.75 | $ 1.45 | |
Income from discontinued operations attributable to ConAgra Foods, Inc. common stockholders (in dollars per share) | (2.68) | (2.35) | (0.73) | |
Net income (loss) attributable to ConAgra Foods, Inc. common stockholders (in dollars per share) | (1.57) | (0.60) | 0.72 | |
Earnings (loss) per share diluted |
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Income (loss) from continuing operations attributable to ConAgra Foods, Inc. common stockholders (in dollars per share) | 1.09 | 1.73 | 1.43 | |
Income from discontinued operations attributable to ConAgra Foods, Inc. common stockholders (in dollars per share) | (2.65) | (2.32) | (0.73) | |
Net income (loss) attributable to ConAgra Foods, Inc. common stockholders (in dollars per share) | $ (1.56) | $ (0.59) | $ 0.70 | |
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Consolidated Balance Sheets - USD ($) $ in Millions | May 29, 2016 | May 31, 2015 | ||
Current assets |
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Cash and cash equivalents | $ 834.5 | $ 164.7 | ||
Receivables, less allowance for doubtful accounts of $3.7 and $3.8 | 836.6 | 739.0 | ||
Inventories | 1,582.1 | 1,642.6 | ||
Prepaid expenses and other current assets | 206.5 | 168.2 | ||
Current assets held for sale | 117.0 | 848.8 | ||
Total current assets | 3,576.7 | 3,563.3 | ||
Land and land improvements | 208.1 | 194.2 | ||
Buildings, machinery and equipment | 4,993.0 | 4,822.3 | ||
Furniture, fixtures, office equipment and other | 801.8 | 807.4 | ||
Construction in progress | 206.3 | 244.3 | ||
Property, plant and equipment | 6,209.2 | 6,068.2 | ||
Less accumulated depreciation | (3,498.9) | (3,423.6) | ||
Property, plant and equipment, net | 2,710.3 | 2,644.6 | ||
Goodwill | 4,533.8 | 4,544.6 | ||
Brands, trademarks and other intangibles, net | 1,276.8 | 1,272.5 | ||
Other assets | 1,067.2 | 926.8 | ||
Noncurrent assets held for sale | 225.8 | 4,486.0 | ||
Total assets | 13,390.6 | 17,437.8 | ||
Current liabilities |
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Notes payable | 38.8 | 7.9 | ||
Current installments of long-term debt | 571.4 | 1,007.8 | ||
Accounts payable | 945.4 | 1,080.0 | ||
Accrued payroll | 271.1 | 206.3 | ||
Other accrued liabilities | 651.0 | 647.1 | ||
Current liabilities held for sale | 54.7 | 361.0 | ||
Total current liabilities | 2,532.4 | 3,310.1 | ||
Senior long-term debt, excluding current installments | 4,721.9 | 6,692.9 | ||
Subordinated debt | 195.9 | 195.9 | ||
Other noncurrent liabilities | 2,144.1 | 1,915.9 | ||
Noncurrent liabilities held for sale | 1.5 | 713.0 | ||
Total liabilities | 9,595.8 | 12,827.8 | ||
Commitments and contingencies (Note 17) | ||||
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 567,907,172 | 2,839.7 | 2,839.7 | ||
Additional paid-in capital | 1,136.3 | 1,049.4 | ||
Retained earnings | 3,218.3 | 4,331.1 | ||
Accumulated other comprehensive loss | (344.5) | (329.5) | ||
Less treasury stock, at cost, 129,842,206 and 139,702,605 common shares | (3,136.2) | (3,364.7) | ||
Total ConAgra Foods, Inc. common stockholders' equity | 3,713.6 | 4,526.0 | ||
Noncontrolling interests | 81.2 | 84.0 | ||
Total stockholders' equity | 3,794.8 | 4,610.0 | ||
Total liabilities and stockholders' equity | $ 13,390.6 | $ 17,437.8 | ||
FOR 2016
Account Receivable Turnover = Sales/ Avg Account Receivable, gross
Average collection period for A/R= account receivable, gross / avg daily sales
Current Ratio = Current assets / current liabilities
Debt to equity ratio= total Liabilities / total stockholders equity
Inventory turnover ratio = cost of goods sold/ average inventory
Average inventory days outstanding = inventory /avg daily cost of goods sold
Return on assets= net income/ avg assets
Return on equity = net income/ avg stockholders equity
Retun on investment = net income / avg invested assets
Return on net operating assets = net operating profit after tax/ avg net operating assets
Profit margin = net operating profit after taxes / sales
Asset turnover = sales/ avg net operating assets
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