Finance 313-Handout #26-Income Statement Examples Company A: Statements of Consolidated Income (USD in Millions) 12 Months 9/30/18 Net sales Cost of products sold Gross Profit Selling, distribution, and administrative expenses Amortization expense Other special project costs Operating Income Interest expense-net Rental income-net Income Before Income Taxes Income taxes Net Income Basic Earnings (Loss) per Common Share Diluted Earnings (Loss) per Common Share Dividends per Common Share (in dollars per share) $7,811.2 4,843.4 2,967.8 1,510.3 208.4 103.8 1,145.3 (171.1) 3.7 977.9 289.2 688.7 $5.77 5.77 $2.68 (USD in 12 Months 12/31/17 Company Z: Statements of Income Thousands) $1,275,360 Net Sales Costs and Expenses: Cost of Product Sold Selling and Administrative Plant Restructuring Operating Income (Loss) Equity (Earnings) Loss Interest Expense, Net Earnings (Loss) Before Income Taxes Income Taxes Expense (Benefit) Net Earnings (Loss) 1,107,965 73,515 5,331 88,549 (148) 8,240 80,457 25,999 $ 54,458 $5.46 $ 5.42 Basic Earnings (loss per Common Share Diluted Earnings (Loss) per Common Share Dividends per Common Share (in dollars per share)