Income statements and balance sheets follow for Snap-On Incorporated. Refer to these financial statemen 2 3 Snap-On Incorporated 4 Consolidated Statements of Earnings 5 6 (Amounts in millions) For the fiscal year ended 7 2016 2015 8 Net sales $3,430.40 $3,352.80 9 Cost of goods sold -1,720.80 -1,704.50 10 Gross profit 1.709.60 1,648.30 11 Operating expenses -1,054.10 - 1,053.70 12 Operating carnings before financial services 655.5 594.6 13 14 Financial services revenue 281.4 240.3 15 Financial services expenses -82.7 -70.1 16 Operating income from financial services 198.7 170.2 17 Operating earnings 854.2 764.8 18 Interest expense -52.2 -51.9 19 Earnings before income taxes 906.4 816.7 20 Income tax expense -244.3 -221.2 21 Net earnings 662.1 595.5 22 23 24 Snap-On Incorporated 25 Consolidated Balance Sheets 26 Fiscal Year End 27 (Amounts in millions) 2016 2015 28 29 Cash and cash equivalents $77.60 $92.80 30 Trade and other accounts receivable - net 598.8 562.5 31 Finance receivables - net 472.5 4473 32 Contract receivables - net 88.1 82.1 33 Inventories - net 530.5 497.8 34 Deferred income tax assets 0 109.9 35 Prepaid expenses and other assets 116.5 106.3 36 Total current assets 1,884.00 1,898.70 37 Property and equipment - net 423.2 413.5 38 Deferred income tax assets 72.8 106.3 39 Long-term finance receivables - net 934.5 772.7 40 Long-term contract receivables - net 286.7 266.6 41 Goodwill 895.5 790.1 42 Other intangibles - net 184.6 195 43 Other assets 39.9 44 44 Total assets 4,723.20 4.486.90 45 46 Accounts payable 170.9 148.3 47 Accrued benefits 52.8 52.1 Q1 Q3 04 Q5 Ready 02 26 $77.60 598.8 472.5 88.1 530,5 0 116.5 1.884.00 425.2 72.8 9345 286.7 895.5 184.6 39.9 4,723.20 $92.80 562.5 447.3 82.1 497.8 109.9 106.3 1,898.70 413.5 106.3 772.7 266.6 790.1 195 44 4,486.90 29 Cash and cash equivalents 30 Trade and other accounts receivable - net 31 Finance receivables - net 32 Contract receivables - net 33 Inventories - net 34 Deferred income tax assets 35 Prepaid expenses and other assets 36 Total current assets 37 Property and equipment - net 38 Deferred income tax assets 39 Long-term finance receivables - net 40 Long-term contract receivables - net 41 Goodwill 42 Other intangibles - net 43 Other assets 44 Total assets 45 46 Accounts payable 47 Accrued benefits 48 Accrued compensation 49 Franchisee deposits 50 Other accrued liabilities 51 Total current liabilities 52 Long-term debt 53 Deferred income tax liabilities 54 Retiree health care benefits 55 Pension Liabilities 56 Other long-term liabilities 57 Total liabilities 58 59 Preferred stock 60 Common stock 61 Additional paid-in capital 62 Retained carnings 63 Accumulated other comprehensive incom 64 Treasury stock at cost 65 Total shareholders' cquity attributable to s 66 Noncontrolling interests 67 Total shareholders' equity 68 Total liabilities and shareholders' equity 69 170.9 52.8 89.8 66.7 307.9 989.5 1010.2 13.1 36.7 246.5 93.4 2,088.00 148.3 52.1 91 64.4 296.3 670.5 880.1 169.8 37.9 227.8 88.5 $2,056.20 67.4 317.3 3,384.90 -498.5 -653.9 2,617.20 18 2,635.20 $4,723.20 $67.40 296.3 2,986.90 -364.2 -573.7 2,412.70 18 2.430.70 $4,486.90 70 71 72 73