Question
Income Statement for Fiscal Years Endings (in Millions, except per share amounts) Report Date 06/30/2019 06/30/2018 06/30/2017 Net sales $67,684 $66,832 $65,058 Cost of products
Income Statement for Fiscal Years Endings (in Millions, except per share amounts)
Report Date | 06/30/2019 | 06/30/2018 | 06/30/2017 |
Net sales | $67,684 | $66,832 | $65,058 |
Cost of products sold | 34,768 | 34,268 | 32,535 |
Gross profit | $32,916 | $32,564 | $32,523 |
Selling, general & administrative expense | 19,084 | 18,853 | 18,568 |
Goodwill & indefinite lived intangible asset impairment charges | 8,345 | 0.00 | 0.00 |
Operating income | $5,487 | $13,711 | $13,955 |
Interest expense | 509 | 506 | 465 |
Interest income | 220 | 247 | 171 |
Other non-operating income (expense), net | 871 | -126 | -404 |
Earnings from continuing operations before income taxes | $6,069 | $13,326 | $13,257 |
Income taxes expense on continuing operations | 2,103 | 3,465 | 3,063 |
Net earnings from continuing operations | $3,966 | $9,861 | $10,194 |
Net earnings (loss) from discontinued operations | 0.00 | 0.00 | 5,217 |
Net income (loss) | $3,966 | $9,861 | $15,411 |
Less: net earnings attributable to noncontrolling interests | -69 | -111 | -85 |
Net earnings attributable to Procter & Gamble Co. | $3,897 | $9,750 | $15,326 |
Earning per share information: | |||
Earnings (loss) per share from continuing operations - basic | $1.45 | $3.75 | $3.79 |
Earnings (loss) per share from discontinued operations - basic | 0.00 | 0.00 | 2.01 |
Net earnings (loss) per share - basic | $1.45 | $3.75 | $5.80 |
Earnings (loss) per share from continuing operations - diluted | $1.43 | $3.67 | $3.69 |
Earnings (loss) per share from discontinued operations - diluted | 0.00 | 0.00 | 1.90 |
Net earnings (loss) per share - diluted | $1.43 | $3.67 | $5.59 |
Other Key Metrics | |||
Dividends per common share | $2.90 | $2.79 | $2.70 |
Total number of employees | 97,000 | 92,000 | 95,000 |
Horizontal Analysis for Fiscal Years Endings (in Millions, except per share amounts)
% Change | % Change | |||||
Report Date | 06/30/2019 | 2018 - 2019 | 06/30/2018 | 2017 - 2018 | 06/30/2017 | 06/30/2017 |
Net sales | $67,684 | 1.3% | $66,832 | 2.7% | $65,058 | 100.0% |
Cost of products sold | 34,768 | 1.5% | 34,268 | 5.3% | 32,535 | 50.0% |
Gross profit | $32,916 | 1.1% | $32,564 | 0.1% | $32,523 | 50.0% |
Selling, general & administrative expense | 19,084 | 1.2% | 18,853 | 1.5% | 18,568 | 28.5% |
Goodwill & indefinite lived intangible asset impairment charges | 8,345 | 0.00 | 0.00 | 0.0% | ||
Operating income | $5,487 | -60.0% | $13,711 | -1.7% | $13,955 | 21.5% |
Interest expense | 509 | 0.6% | 506 | 8.8% | 465 | 0.7% |
Interest income | 220 | -10.9% | 247 | 44.4% | 171 | 0.3% |
Other non-operating income (expense), net | 871 | -126 | -404 | -0.6% | ||
Earnings from continuing operations before income taxes | $6,069 | -54.5% | $13,326 | 0.5% | $13,257 | 20.4% |
Income taxes expense on continuing operations | 2,103 | -39.3% | 3,465 | 13.1% | 3,063 | 4.7% |
Net earnings from continuing operations | $3,966 | -59.8% | $9,861 | -3.3% | $10,194 | 15.7% |
Net earnings (loss) from discontinued operations | 0.00 | 0.00 | 5,217 | 8.0% | ||
Net income (loss) | $3,966 | -59.8% | $9,861 | -36.0% | $15,411 | -23.7% |
Less: net earnings attributable to noncontrolling interests | -69 | -37.8% | -111 | 30.6% | -85 | -0.1% |
Net earnings attributable to Procter & Gamble Co. | $3,897 | -60.0% | $9,750 | -36.4% | $15,326 | 23.6% |
briefly summarize your observations about changes, i.e. financial trends, in the following Income Statement line items for the Horizontal Analysis over the 3 year trend:
- Net sales,
- Operating income, and
- Net earnings attributable to Procter and Gamble
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