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Hello! I am looking to check my calculations for the following formulas using the financial statement provided below: Other information given: The weighted average number
Hello! I am looking to check my calculations for the following formulas using the financial statement provided below:
Other information given:
The weighted average number of shares outstanding, in mil. | 356 |
12-31-2018 stock price | 120.66 |
Book value of equity |
BVPS |
P/B |
Market cap |
PS, preferred stock |
Debt, total liabilities |
Minority interest |
Cash and investments |
Enterprise value, EV |
EV/Net sales |
EV/EBITDA |
(FCFF) Free cash flow to Firm |
(FFEF) Free cash flow to Equity |
Interest Coverage |
Payout ratio |
Retention Ratio |
Here are the three financial statements:
Consolidated Income Statement - USD ($) $ in Millions | Dec. 31, 2018 |
Income Statement [Abstract] | |
Net Sales | $ 18,259 |
Cost of products sold | 11,706 |
Gross Profit | 6,553 |
Marketing, research and general expenses | 3,227 |
Other (income) and expense, net | 27 |
Operating Profit | 3,299 |
Interest income | 10 |
Interest expense | (318) |
(EBIT) Income Before Income Taxes and Equity Interests | 2,991 |
Provision for income taxes | (776) |
Income Before Equity Interests | 2,215 |
Share of net income of equity companies | 104 |
Net income | 2,319 |
Net income attributable to noncontrolling interests | -41 |
Net Income Attributable to common shareholders | 2278 |
Diluted EPS | 6.4 |
Cash Dividends Declared | $ 3.88 |
Consolidated Balance Sheet - USD ($) $ in Millions | Dec. 31, 2018 |
Current Assets | |
Cash and cash equivalents | $ 616 |
Accounts receivable, net | 2,315 |
Inventories | 1,790 |
Other current assets | 490 |
Total Current Assets | 5,211 |
Property, Plant and Equipment, Net | 7,436 |
Investments in Equity Companies | 233 |
Goodwill | 1,576 |
Other Assets | 695 |
TOTAL ASSETS | 15,151 |
Current Liabilities | |
Debt payable within one year | 953 |
Trade accounts payable | 2,834 |
Accrued expenses | 1,730 |
Dividends payable | 341 |
Total Current Liabilities | 5,858 |
Long-Term Debt | 6,472 |
Noncurrent Employee Benefits | 1,184 |
Deferred Income Taxes | 395 |
Other Liabilities | 299 |
Redeemable Preferred Securities of Subsidiaries | 61 |
Stockholders' Equity | |
Preferred stock - no par value - authorized 20.0 million shares, none issued | 0 |
Common stock - $1.25 par value - authorized 1.2 billion shares; issued 378.6 million shares at December 31, 2017 and 2016 | 473 |
Additional paid-in capital | 776 |
Common stock held in treasury, at cost - 27.5 and 22.0 million shares at December 31, 2017 and 2016, respectively | (4,431) |
Retained earnings | 6,730 |
Accumulated other comprehensive income (loss) | (2,919) |
Total Corporation Stockholders' Equity (Deficit) | 629 |
Noncontrolling Interests | 253 |
Total Stockholders' Equity | 882 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 15,151 |
Consolidated Cash Flow Statement - USD ($) $ in Millions | Dec. 31, 2018 |
Operating Activities | |
Net income | $ 2,319 |
Depreciation and amortization | 724 |
Stock-based compensation | 76 |
Deferred income taxes | (69) |
Equity companies' earnings (in excess of) less than dividends paid | 26 |
Operating working capital | (148) |
Postretirement benefits | 2 |
Adjustments related to Venezuelan operations | 0 |
Other | (1) |
Cash Provided by Operations | 2,929 |
Investing Activities | |
Capital spending | (785) |
Investments in time deposits | (214) |
Maturities of time deposits | 183 |
Other | (35) |
Cash Used for Investing | (851) |
Financing Activities | |
Cash dividends paid | (1,359) |
Change in short-term debt | 360 |
Debt proceeds | 937 |
Debt repayments | (1,481) |
Proceeds from exercise of stock options | 121 |
Acquisitions of common stock for the treasury | (911) |
Shares purchased from noncontrolling interest | 0 |
Other | (88) |
Cash Used for Financing | (2,421) |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 36 |
Change in Cash and Cash Equivalents | (307) |
Cash and Cash Equivalents - Beginning of Year | 923 |
Cash and Cash Equivalents - End of Year | $ 616 |
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