Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need help calculating the operating expense from this spreadsheet. The numbers I keep coming up with don't make sense. Any help would be appreciated!
I need help calculating the operating expense from this spreadsheet. The numbers I keep coming up with don't make sense. Any help would be appreciated!
Consolidated Statements of Operations - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 30, 2021 | Feb. 01, 2020 | Feb. 02, 2019 | |
Income Statement [Abstract] | |||
Net sales | $ 17,346 | $ 24,560 | $ 24,971 |
Credit card revenues, net | 751 | 771 | 768 |
Cost of sales | (12,286) | (15,171) | (15,215) |
Selling, general and administrative expenses | (6,767) | (8,998) | (9,039) |
Gains on sale of real estate | 60 | 162 | 389 |
Restructuring, impairment, store closing and other costs | (3,579) | (354) | (136) |
Operating income (loss) | (4,475) | 970 | 1,738 |
Benefit plan income, net | 54 | 31 | 39 |
Settlement charges | (84) | (58) | (88) |
Interest expense | (284) | (205) | (261) |
Financing costs | (5) | 0 | 0 |
Losses on early retirement of debt | 0 | (30) | (33) |
Interest income | 4 | 20 | 25 |
Income (loss) before income taxes | (4,790) | 728 | 1,420 |
Federal, state and local income tax benefit (expense) | 846 | (164) | (322) |
Net income (loss) | (3,944) | 564 | 1,098 |
Net loss attributable to noncontrolling interest | 0 | 0 | 10 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ (3,944) | $ 564 | $ 1,108 |
Basic earnings (loss) per share attributable to Macy's, Inc. shareholders | $ (12.68) | $ 1.82 | $ 3.60 |
Diluted earnings (loss) per share attributable to Macy's, Inc. shareholders | $ (12.68) | $ 1.81 | $ 3.56 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started