Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Could you help me conduct the earnings per share ratio and the price earnings ration for all three years. Could you explain the calculations so
Could you help me conduct the earnings per share ratio and the price earnings ration for all three years. Could you explain the calculations so I can thoroughly understand. Thank you.
12 Months Ended Consolidated Income Statement - USD (5) 5 In Thousands I F3322] 5 Change % Change Fizzis, $ Change % Change M23321 :2, Income Statement Net sales 5 9,233,028 $ (1,925,552) -17.26% S 11,158,580 $ (870,217) -7.23% $ 12,028,797 Cost of sales 6,114,947 (1,501,973) -19.72% 7,616,920 (307,897) -3.89% 7,924,817 Gross prot 3,118,081 (423,579) -11.96% 3,541,660 (562,320) -13.70% 4,103,980 Selling, general and administrative expenses 3,224,363 (508,135) -13.61% 3,732,498 51,288 1.39% 3,681,210 Goodwill and other impairments 127,341 (381,885) -74.99% 509,226 (679) -0.13% 509,905 Restructuring and transformation initiative expenses 102,202 102,202 0.00% 0 0 0.00% 0 Loss on sale of businesses, including impairment of assets held for sale 1,062 1,062 0.00% 0 0 0.00% 0 Operating loss (336,887) 363,177 -51.88% (700,064) (612,929) 703.42% (87,135) Interest expense, net 76,913 12,124 18.71% 64,789 (4,685) -6.74% 69,474 Gain on extinguishment of debt (77,038) (77,038) 0.00% 0 0 0.00% 0 Loss before benefit from income taxes (336,762) 428,091 -55.97% (764,853) (608,244) 388.38% (156,609) Benefit from income taxes (185,989) (34,952) 23.14% (151,037) (131,652) 679.14% (19,385) Net loss 5 (150,773) 463,043 -75.44% $ (613,816) (476,592) 347.31% $ (137,224) Net loss per share - Basic (in dollars per share) $ (1.24) 4 -74.90% $ (4.94) (4) 384.31% $ (1.02) Net loss per share - Diluted (in dollars per share) $ (1.24) 4 -74.90% S (4.94) (4) 384.31% $ (1.02) Weighted average shares outstanding - Basic (in shares) 121,446 (2,906) -2.34% 124,352 (9,940) -7.40% 134,292 Weighted average shares outstanding - Diluted (in shares) 121,446 (2,906) -2.34% 124,352 (9,940) -7.40% 134,292 Dividends declared per share (in dollars per share) $ 0 (1) 400.00% 5 0.68 0 6.25% S 0.64 l Consolidated Balance Sheet - USD (5) $ in Thousands | Feb. 27' 2021 $ Change % Change Feb. 29' 2020 I Cash and cash equivalents Short term investment securities Merchandise inventories Prepaid expenses and other current assets Assets held-for-sale Total current assets Long term investment securities Property and equipment, net Operating lease assets Goodwill Other assets Total assets Current liabilities: Accounts payable Accrued expenses and other current liabilities Merchandise credit and gift card liabilities Current operating lease liabilities Liabilities related to assets held-for-sale Current income taxes payable Total current liabilities Other liabilities Operating lease liabilities Income taxes payable Long term debt 5 Change % Change Mar. 02, 2019 5 1,352,984 5 352,644 35.25% 5 1,000,340 S 491,369 96.54% 5 508,971 0 (385,642) -100.00% 385,642 (100,157) -20.62% 485,799 1,671,909 (421,960) -20.15% 2,093,869 (525,053) -20.05% 2,618,922 595,152 346,810 139.65% 248,342 (47,938) -16.18% 296,280 0 (98,092) -100.00% 98,092 98,092 0.00% 0 3,620,045 (206,240) -5.39% 3,826,285 (83,687) -2.14% 3,909,972 19,545 (835) -4.10% 20,380 370 1.85% 20,010 918,418 (512,186) -35.80% 1,430,604 (422,487) -22.80% 1,853,091 1,587,101 (419,865) -20.92% 2,006,966 2,006,966 0.00% 0 0 0.00% 0 (391,052) -100.00% 391,052 311,821 (194,459) -38.41% 506,280 109,864 27.71% 396,416 6,456,930 (1,333,585) -17.12% 7,790,515 1,219,974 18.57% 6,570,541 986,045 41,851 4.43% 944,194 (149,884) -13.70% 1,094,078 636,329 (39,447) -5.84% 675,776 52,042 8.34% 623,734 312,486 (27,921) -8.20% 340,407 1,085 0.32% 339,322 360,061 (102,944) -22.23% 463,005 463,005 0 (43,144) 400.00% 43,144 43,144 0 0 0 0.00% 0 (20,498) -100.00% 20,498 2,294,921 (171,605) -6.96% 2,466,526 388,894 18.72% 2,077,632 82,279 (122,647) -59.85% 204,926 (190,483) -48.17% 395,409 1,509,767 (309,016) -16.99% 1,818,783 1,818,783 102,664 55,719 118.69% 46,945 (2,290) -4.65% 49,235 1,190,363 (298,037) -20.02% 1,488,400 466 0.03% 1,487,934 Total liabilities 5,179,994 (845,586) -14.03% 6,025,580 2,015,370 50.26% 4,010,210 Shareholders' equity: Preferred stock - $0.01 par value; authorized - 1,000 shares; no shares issued or outstanding 0 0 0.00% 0 0 0.00% 0 Common stock $0.01 par value; authorized - 900,000 shares; issued 343,241 and 343,683, 3,432 (4) -0.12% 3,436 10 0.29% 3,426 respectively; outstanding 109,621 and 126,528 shares, respectively Additional paid-in capital 2,152,135 (15,202) -0.70% 2,167,337 48,664 2.30% 2,118,673 Retained earnings 10,225,253 (149,573) -1.44% 10,374,826 (738,061) -6.64% 11,112,887 Treasury stock, at cost; 233,620 and 217,155 shares, respectively (11,048,284) (332,529) 3.10% (10,715,755) (99,710) 0.94% (10,616,045) Accumulated other comprehensive loss (55,600) 9,309 -14.34% (64,909) (6,299) 10.75% (58,610) Total shareholders' equity 1,276,936 (487,999) -27.65% 1,764,935 (795,396) -31.07% 2,560,331 Total liabilities and shareholders' equity 5 6,456,930 (1,333,585) -17.12% S 7,790,515 1,219,974 18.57% 5 6,570,541 l Consolidated Statements of Cash Flows - USD (5) $ in Thousands I Cash Flows from Operating Activities: Net loss Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization Loss on sale leaseback transaction Gain on sale of building Gain on extinguishment of debt Loss on sale of businesses, including impairment of assets held for sale Goodwill and other impairments Stock-based compensation Deferred income taxes Other Decrease (increase) in assets: Merchandise inventories Trading investment securities Other current assets Other assets (Decrease) increase in liabilities: Accounts payable Accrued expenses and other current liabilities Merchandise credit and gift card liabilities Income taxes payable Operating lease assets and liabilities, net Other liabilities Feb. 27, 2021 $ (150,773) 340,912 0 0 (77,038) 1,062 127,341 31,594 148,741 (396) 64,947 0 (387,172) 1,519 168,556 15,538 (12,110) 54,958 (32,813) (26,758) 5 Change 5 463,043 (1,599) (27,357) 0 (77,038) 1,062 (381,885) (14,082) 294,284 3,050 0 (441,387) (21) (382,391) 1,301 292,762 (46,326) (13,264) 77,741 (29,914) (40,812) % Change -75 .44% -0.47% -100.00% 0.00% 0.00% 0.00% -74.99% 30.83% -202.20% -88.51% -87.17% -100.00% 7998.14% 596.79% -235.71% -74.88% -1149.39% -341.22% 1031.87% -290.39% Feb. 29, 2020 $ (613,816) 342,511 27,357 0 0 0 509,226 45,676 (145,543) (3,446) 506,334 21 (4,781) 218 (124,206) 61,864 1,154 (22,783) (2,899) 14,054 5 Change 5 (476,592) 3,686 27,357 29,690 412 0 (679) (12,838) (41,454) (2,632) 0 399,406 (86,256) (273,967) 0 (33,549) 139,011 (14,862) (31,143) (2,899) 49,972 % Change 347.31% 1.09% -100.00% 400.00% 0.00% -0.13% -21.94% 39.83% 323.34% 0.00% 373.53% -99.98% 401.78% 0.00% 37.01% -180.19% 82.79% -372.52% 439.13% Mar. 02, 2019 S (137,224) 338,825 0 (29,690) (412) 0 509,905 58,514 (104,089) (814) 106,9 28 86, 277 269, 186 2 18 (90,657) (77,147) 16,016 8,360 (35,918) Net cash provided by operating activities 268,108 (322,833) -54.63% 590,941 (327,337) -35.65% 918,278 Cash Flows from Investing Activities: Purchases of held-to-maturity investment securities 0 443,500 -100.00% (443,500) 290,924 39.61% (734,424) Redemption of held-to-maturity investment securities 386,500 (158,500) -29.08% 545,000 6,075 1.13% 538,925 Net proceeds from sales of businesses 534,457 534,457 0.00% O 0 0.00% O Proceeds from sale-Ieaseback transaction 0 (267,277) -100.00% 267,277 267,277 0.00% Proceeds from sale of a building 0 0 0.00% 0 (11,183) -100.00% 11,183 Capital expenditures (183,077) 94,324 -34.00% (277,401) 47,965 44.74% (325,366) Net cash provided by (used in) investing activities 737,880 646,504 707.52% 91,376 601,058 -117.93% (509,682) Cash Flows from Financing Activities: Borrowing of long-term debt 236,400 236,400 0.00% 0 0 0.00% 0 Repayments of long-term debt (457,827) (457,827) 0.00% 0 4,224 400.00% (4,224) Repurchase of common stock, including fees (332,529) (232,819) 233.50% (99,710) 48,363 -32.66% (148,073) Prepayment under share repurchase agreement (47,550) (47,550) 0.00% 0 0 0.00% 0 Payment of dividends (23,108) 62,374 -72.97% (85,482) 805 -0.93% (86,287) Payment of deferred financing fees (7,690) (7,690) 0.00% 0 0 0.00% 0 Proceeds from exercise of stock options 0 (2,346) -100.00% 2,346 2,346 0.00% 0 Net cash used in financing activities (632,304) (449,458) 245.81% (182,846) 55,738 -23.36% (238,584) Effect of exchange rate changes on cash, cash equivalents, and restricted cash 5,075 6,052 -619.45% (977) 6,204 -86.39% (7,181) Net increase in cash, cash equivalents and restricted cash 378,759 (119,735) 24.02% 498,494 335,663 206.14% 162,831 Change in cash balances classified as held-for-sale 4,815 9,630 -200.00% (4,815) (4,815) 0.00% 0 Net increase in cash, cash equivalents and restricted cash 383,574 (110,105) -22.30% 493,679 330,848 203.18% 162,831 Cash, cash equivalents and restricted cash: Beginning of period 1,023,650 493,679 93.15% 529,971 162,831 44.35% 367,140 End of period S 1,407,224 383,574 37.47% S 1,023,650 493,679 93.15% S 529,971Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started