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Identifying Operating and Nonrecurring Income Components Following is the The Dow Chemical Company income statement. ($ millions) For Year Ended December 31 2014 2013 Net
Identifying Operating and Nonrecurring Income Components
Following is the The Dow Chemical Company income statement.
($ millions) For Year Ended December 31 | 2014 | 2013 |
---|---|---|
Net sales | $58,167 | $57,080 |
Cost of sales | 47,464 | 47,594 |
Research and development expenses | 1,647 | 1,747 |
Selling, general, and administrative expenses | 3,106 | 3,024 |
Amortization of intangibles | 436 | 461 |
Goodwill and other intangible asset impairment losses | 50 | - |
Restructuring charges (credits) | (3) | (22) |
Asbestos-related charge | 78 | - |
Equity in earnings of nonconsolidated affiliates | 835 | 1,034 |
Sundry income (expense)net | (27) | 2,554 |
Interest income | 51 | 41 |
Interest expense and amortization of debt discount | 983 | 1,101 |
Income before income taxes | 5,265 | 6,804 |
Provision for income taxes | 1,426 | 1,988 |
Net income | $3,839 | $4,816 |
How do I find (aka which numbers) from above which numbers constitute
Net Interest Expense and Non-operationg expenses |
So that I can calculate the NOPAT? I'm missing something cause all my answers are wrong?
HELP!
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