Do you use each line item to calculate Income Statement and Balance Sheet trend analysis or needed to be into sections likes shown as example on text. It is SECTION 5.
Nordstrom, Inc. Consolidated Statements of Earnings (In millions except per share amounts) 2019 2018 2017 $15,132 $15,480 $15,137 341 392 380 15,524 15,860 15,478 (9,890) Fiscal year Net sales Credit card revenues, net Total revenues Cost of sales and related buying and occupancy costs Selling, general and administrative expenses Earnings before interest and income taxes Interest expense, net Earnings before income taxes Income tax expense Net earnings (9,932) (4,808) (10,155) (4,868) (4,662) 784 837 926 (102) (104) 682 733 (136) 790 (353) $437 (169) (186) $496 $564 Earnings per share: Basic Diluted $3.20 $3.37 $2.62 $3.18 $3.32 $2.59 Weighted-average shares outstanding: Basic 155.2 166.8 167.3 170.0 Diluted 156.1 168.9 The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements. Nordstrom, Inc. Consolidated Statements of Comprehensive Earnings (In millions) Fiscal year 2019 2018 2017 Net earnings $496 $564 $437 (27) 14 (6 Postretirement plan adjustments, net of tax of S9, ($5) and $2 Foreign currency translation adjustment Comprehensive net earnings (17) 20 (4) $465 $561 $451 The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements. Consolidated Balance Sheets (In millions) February 1, 2020 February 2, 2019 $853 $957 Assets Current assets: Cash and cash equivalents Accounts receivable, net Merchandise inventories Prepaid expenses and other Total current assets 148 179 1,920 278 1,978 291 3,374 3,230 4,179 3,921 Land, property and equipment, net Operating lease right-of-use assets Goodwill 1,774 249 305 249 342 Other assets Total assets $9,737 $7,886 $1,469 $1,576 510 580 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 244 1,190 1,324 8 3,520 3,381 2,676 2,677 4 457 Long-term debt, net Deferred property incentives, net Non-current operating lease liabilities Other liabilities 1,875 683 498 Commitments and contingencies (Note 11) 3,129 3,048 Shareholders' equity: Common stock, no par value: 1,000 shares authorized; 155.6 and 157.6 shares issued and outstanding Accumulated deficit Accumulated other comprehensive loss Total shareholders' equity Total liabilities and shareholders' equity (2,082) (68) 979 (2.138) (37) 873 $9,737 $7,886 Section 4 - Horizontal Analysis Perform a horizontal covering the current year & prior year for both the balance sheet and income statement (Embed this analysis into your document) - Look at Exhibit 17.1 and 17.2 in your book. Include Dollar Change Include Percent Change Section 5 - Trend Analysis Perform a trend analysis covering the Current Year, 1 Year Ago, 2 Years Ago for both the balance sheet and income statement (Embed this analysis into your document) - Look at Exhibit 17.4 in your book. EXHIBIT 17.4 Trend Percents for Sales and Expenses Table Summary: A table In trend percent Current Yr 1 Yr Ago 2 Yrs Ago 3 Yrs Ago 4 Yrs Ago Net sales 111.3% 113.6% 98.1% 92.3% 100.0% Cost of sales 1 15.5% 116.9% 100.7% 93.8% 100.0% Operating expenses 153.9% 138.2% 119.9% 108.2% 100.0%
