Deliverables for Nordstrom Incorporation Case Study: Historical Financial Analysis Assignment 2. Ratio analysis for the ratios shown on Table 1 in the Guide to Case Analysis (CA) of the textbook: use year 2019 and 2020 for each

-Profitability ratios

-Liquidity ratios

-Leverage ratios

-Activity ratios

-Price-to-earnings ratio

-The changes between years are included in the calculations.

*I attached the income, balance sheet, and cash flows statements. Would you send it to another individual to work on in the event you can not read it? Also, the images are on the www.sec.gov website for Nordstrom Inc. Thank you very much.

Nordstrom, Inc. Consolidated Statements of Earnings (In millions except per share amounts) Fiscal year 2020 2019 2018 Net sales Credit card revenues, net Total revenues Cost of sales and related buying and occupancy costs Selling, general and administrative expenses (Loss) earnings before interest and income taxes Interest expense, net (Loss) earnings before income taxes Income tax benefit (expense) Net (loss) earnings $10,357 358 10,715 (7,600) (4,162) (1,047) (181) (1,228) 538 ($690) $15,132 392 15,524 (9,932) (4,808) 784 (102) 682 (186) $496 $15,480 380 15,860 (10,155) (4,868) 837 (104) 733 (169) $564 (Loss) earnings per share: Basic Diluted $3.20 ($4.39) ($4.39) $3.37 $3.32 $3.18 Weighted-average shares outstanding: Basic Diluted 157.2 155.2 167.3 157.2 156.1 170.0 Nordstrom, Inc. Consolidated Balance Sheets (In millions) January 30, 2021 February 1, 2020 $681 Assets Current assets: Cash and cash equivalents Accounts receivable, net Merchandise inventories Prepaid expenses and other Total current assets 245 1,863 853 3,642 $853 179 1,920 278 3,230 Land, property and equipment, net Operating lease right-of-use assets Goodwill Other assets Total assets 3,732 1,581 249 334 $9,538 4,179 1,774 249 305 $9,737 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Accrued salaries, wages and related benefits Current portion of operating lease liabilities Other current liabilities Current portion of long-term debt Total current liabilities $1,960 352 260 $1,576 510 244 1,190 1,048 500 4,120 3,520 Long-term debt, net Non-current operating lease liabilities Other liabilities 2,769 1,687 2,676 1,875 687 657 Commitments and contingencies (Note 10) Shareholders' equity: Common stock, no par value: 1,000 shares authorized; 157.8 and 155.6 shares issued and outstanding Accumulated deficit Accumulated other comprehensive loss Total shareholders' equity Total liabilities and shareholders' equity 3,205 (2,830) (70) 305 $9,538 3,129 (2,082) (68) 979 $9,737 2020 2019 2018 ($690) $496 $564 671 669 675 137 (75) Nordstrom, Inc. Consolidated Statements of Cash Flows (In millions) Fiscal year Operating Activities Net (loss) earnings Adjustments to reconcile net (Loss) earnings to net cash (used in) provided by operating activities: Depreciation and amortization expenses and other, net Asset impairment Amortization of deferred property incentives Right-of-use asset amortization Deferred income taxes, net Stock-based compensation expense Change in operating assets and liabilities: Accounts receivable Merchandise inventories Prepaid expenses and other assets Accounts payable Accrued salaries, wages and related benefits Other current liabilities Lease liabilities Other liabilities Net cash (used in) provided by operating activities 168 (7) 67 183 52 69 (34) 90 82 (4) 15 (8) 12 (46) 53 (607) 432 (157) (143) (237) 7 (348) 30 (38) 98 (71) (94) (259) 17 1,236 15 51 1,296 Investing Activities Capital expenditures Other, net Net cash used in investing activities (385) 38 (347) (935) 26 (909) (654) 1 (653) 800 (800) 600 (56) Financing Activities Proceeds from revolving line of credit Payments on revolving line of credit Proceeds from long-term borrowings Principal payments on long-term borrowings (Decrease) increase in cash book overdrafts Cash dividends paid Payments for repurchase of common stock Proceeds from issuances under stock compensation plans Tax withholding on share-based awards Other, net Net cash provided by (used in) financing activities (4) (58) 499 (500) 8 (229) (210) 29 (17) (11) (431) 16 (9) (15) 530 (250) (678) 163 (20) (26) (867) Effect of exchange rate changes on cash and cash equivalents Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (7) (172) 853 $681 (104) 957 $853 (224) 1,181 $957 Supplemental Cash Flow Information Cash paid during the year for: Income taxes, net of refunds Interest, net of capitalized interest $23 168 $178 111 $280 118 Nordstrom, Inc. Consolidated Statements of Earnings (In millions except per share amounts) Fiscal year 2020 2019 2018 Net sales Credit card revenues, net Total revenues Cost of sales and related buying and occupancy costs Selling, general and administrative expenses (Loss) earnings before interest and income taxes Interest expense, net (Loss) earnings before income taxes Income tax benefit (expense) Net (loss) earnings $10,357 358 10,715 (7,600) (4,162) (1,047) (181) (1,228) 538 ($690) $15,132 392 15,524 (9,932) (4,808) 784 (102) 682 (186) $496 $15,480 380 15,860 (10,155) (4,868) 837 (104) 733 (169) $564 (Loss) earnings per share: Basic Diluted $3.20 ($4.39) ($4.39) $3.37 $3.32 $3.18 Weighted-average shares outstanding: Basic Diluted 157.2 155.2 167.3 157.2 156.1 170.0 Nordstrom, Inc. Consolidated Balance Sheets (In millions) January 30, 2021 February 1, 2020 $681 Assets Current assets: Cash and cash equivalents Accounts receivable, net Merchandise inventories Prepaid expenses and other Total current assets 245 1,863 853 3,642 $853 179 1,920 278 3,230 Land, property and equipment, net Operating lease right-of-use assets Goodwill Other assets Total assets 3,732 1,581 249 334 $9,538 4,179 1,774 249 305 $9,737 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Accrued salaries, wages and related benefits Current portion of operating lease liabilities Other current liabilities Current portion of long-term debt Total current liabilities $1,960 352 260 $1,576 510 244 1,190 1,048 500 4,120 3,520 Long-term debt, net Non-current operating lease liabilities Other liabilities 2,769 1,687 2,676 1,875 687 657 Commitments and contingencies (Note 10) Shareholders' equity: Common stock, no par value: 1,000 shares authorized; 157.8 and 155.6 shares issued and outstanding Accumulated deficit Accumulated other comprehensive loss Total shareholders' equity Total liabilities and shareholders' equity 3,205 (2,830) (70) 305 $9,538 3,129 (2,082) (68) 979 $9,737 2020 2019 2018 ($690) $496 $564 671 669 675 137 (75) Nordstrom, Inc. Consolidated Statements of Cash Flows (In millions) Fiscal year Operating Activities Net (loss) earnings Adjustments to reconcile net (Loss) earnings to net cash (used in) provided by operating activities: Depreciation and amortization expenses and other, net Asset impairment Amortization of deferred property incentives Right-of-use asset amortization Deferred income taxes, net Stock-based compensation expense Change in operating assets and liabilities: Accounts receivable Merchandise inventories Prepaid expenses and other assets Accounts payable Accrued salaries, wages and related benefits Other current liabilities Lease liabilities Other liabilities Net cash (used in) provided by operating activities 168 (7) 67 183 52 69 (34) 90 82 (4) 15 (8) 12 (46) 53 (607) 432 (157) (143) (237) 7 (348) 30 (38) 98 (71) (94) (259) 17 1,236 15 51 1,296 Investing Activities Capital expenditures Other, net Net cash used in investing activities (385) 38 (347) (935) 26 (909) (654) 1 (653) 800 (800) 600 (56) Financing Activities Proceeds from revolving line of credit Payments on revolving line of credit Proceeds from long-term borrowings Principal payments on long-term borrowings (Decrease) increase in cash book overdrafts Cash dividends paid Payments for repurchase of common stock Proceeds from issuances under stock compensation plans Tax withholding on share-based awards Other, net Net cash provided by (used in) financing activities (4) (58) 499 (500) 8 (229) (210) 29 (17) (11) (431) 16 (9) (15) 530 (250) (678) 163 (20) (26) (867) Effect of exchange rate changes on cash and cash equivalents Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (7) (172) 853 $681 (104) 957 $853 (224) 1,181 $957 Supplemental Cash Flow Information Cash paid during the year for: Income taxes, net of refunds Interest, net of capitalized interest $23 168 $178 111 $280 118