Question
Hi Chegg, looking at the consolidated statements of earnings for Nordstrom, Inc., can you please tell what is the non-operating profit before tax (NOPBT) ,
Hi Chegg, looking at the consolidated statements of earnings for Nordstrom, Inc., can you please tell what is the non-operating profit before tax (NOPBT), pretax net nonoperating expense, and tax expense. Correct me if I am wrong, but I believe (interest expense, net) is the pretax net nonoperating expense and (income tax expense) is the tax expense. I believe NOPBT includes net sales, credit card revenues, cost of sales and related buying and occupancy costs, but I am not sure if it includes retail and credit. I am not 100% sure if I am right, so please help me for all three. It would help me a lot.
Nordstrom, Inc. Consolidated Statements of Earnings | |||
---|---|---|---|
For Fiscal Years Ended ($ millions) | 2013 | 2012 | 2011 |
Net Sales | $11,762 | $10,497 | $9,310 |
Credit card revenues | 386 | 380 | 390 |
Total revenues | 12,148 | 10,877 | 9,700 |
Cost of sales and related buying and occupancy costs | (7,432) | (6,592) | (5,897) |
Selling, general and administrative expenses |
|
|
|
Retail | (3,166) | (2,807) | (2,412) |
Credit | (205) | (229) | (273) |
Earnings before interest and income taxes | 1,345 | 1,249 | 1,118 |
Interest expense, net | (160) | (130) | (127) |
Earnings before income taxes | 1,185 | 1,119 | 991 |
Income tax expense | (450) | (436) | (378) |
Net earnings | $ 735 | $ 683 | $ 613 |
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