Question
Horizontal Analysis of both financial statements Prepare a horizontal analysis of the balance sheet and income statement, showing the percentage change from 2017 to 2018
Horizontal Analysis of both financial statements
Prepare a horizontal analysis of the balance sheet and income statement, showing the percentage change from 2017 to 2018 (the dollar amounts, not the percentages you calculated in the common size statements). This is calculated as follows:
(2018 amount 2017 amount)/ 2017 amount
Thus, each line item on the balance sheet and income statement should show a percentage increase or decrease. A negative number, or decrease, can be formatted to show in parentheses, which is the preferable notation in accounting circles.
Carnival Corporation & PLC Consolidated Statements of Income - USD ($) | 12 Months Ended | ||
Nov. 30, 2018 | Nov. 30, 2017 | Nov. 30, 2016 | |
Revenues | |||
Revenues | $ 18,881 | $ 17,510 | $ 16,389 |
Cruise | |||
Selling and administrative | 2,450 | 2,265 | 2,197 |
Depreciation and amortization | 2,017 | 1,846 | 1,738 |
Goodwill and trademark impairment | 0 | 89 | 0 |
Operating costs and expenses | 15,556 | 14,701 | 13,318 |
Operating Income | 3,325 | 2,809 | 3,071 |
Nonoperating Income (Expense) | |||
Interest income | 14 | 9 | 6 |
Interest expense, net of capitalized interest | (194) | (198) | (223) |
Gains (losses) on fuel derivatives, net | 59 | 35 | (47) |
Other income, net | 3 | 11 | 21 |
Nonoperating Income (Expense) | (118) | (143) | (243) |
Income Before Income Taxes | 3,207 | 2,666 | 2,828 |
Income Tax Expense, Net | (54) | (60) | 49 |
Net Income | $ 3,152 | $ 2,606 | $ 2,779 |
Earnings Per Share | |||
Basic (USD per share) | $ 4.45 | $ 3.61 | $ 3.73 |
Diluted (USD per share) | 4.44 | 3.59 | 3.72 |
Dividends Declared Per Share (USD per share) | $ 1.95 | $ 1.60 | $ 1.35 |
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