Percentage total Percentage total Percentage total 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Vertical analysis of income statement in millions) Fiscal year 2019 Net sales $15,132 Credit card revenues, net 392 Total revenues 15,524 Cost of sales and related buying and occupancy cost 19,932 Selling, general and administrative expenses -4808 Earnings before interest and income taxes 784 Interest expense, net -102 Earnings before income taxes Income tax expense -186 Net earnings $496 2018 $15,480 380 15,860 -10,155 4,868 837 -104 2017 $15,137 341 15,478 -9,890 -4662 926 - 136 790 682 733 -169 $564 -353 $437 17 18 19 20 21 22 25 26 27 28 29 Vertical analysis of balance sheet (in millions) 2020 Percentage of total 2019 Percentage of total Assets Current assets Cash and cash equivalents Accounts receivable, Net Merchandise inventories Prepaid expenses and other Total current assets $853 179 1920 278 3230 $957 148 1978 291 3374 3921 Land, property and equipment, net Operating lease rate of use assets Goodwill Other assets Total assets 4179 1774 249 305 $9,737 249 342 $7,886 $1,469 580 Liabilities and Shareholder's Equity Current Liabilities Accounts Payable Accured salaries, wages and related benefits Current portion of operating lease liabilities Other current liabilities Current portion of long-term debt Total current liabilities $1,576 510 244 1,190 1,324 8 3.381 3,520 2,677 457 Long term debt, net Deferred property incentives, net Non-current lease Liabilities other liabilities Shareholders equity 2,676 4 1875 683 498 Common stock, no par value 1000 shares authorize; 15.6 and 157.6 shares issued and outstanding Accumulated deficit Accumulated other comprehensive loss Total shareholders equity Total liabilities and shareholders equity 3,129 -2,082 -68 979 $9,737 3.048 -2,139 -37 873 $7,886 10:12 LTE O