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Please find the ROE, RNOA, NOPM, NOAT, AT, ROA, Times Interest Earned, Cash Flow from Operations to Total Debt, Free Cash Flow to Total Debt,
Please find the ROE, RNOA, NOPM, NOAT, AT, ROA, Times Interest Earned, Cash Flow from Operations to Total Debt, Free Cash Flow to Total Debt, Current Ratio, Quick Ratio, Liabilities to Equity Ratio, Total Debt to Equity Ratio, Turnover Ratios for Cash, A/R, Inventory, and A/P, and Z-Score for all years. Also, please show work!
Consolidated Balance Sheet - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Current Assets | ||||
Cash and cash equivalents | $ 8,524 | $ 7,441 | $15,621 | $13,451 |
Short-term investments | 4,903 | 8,278 | 1,865 | 2,690 |
Accounts receivable (net of allowance for doubtful accounts of $165 in 2015 and $153 in 2014) (excludes accounts receivable of $10 in 2015 and $80 in 2014 classified in Other assets - see Note 5) | 6,484 | 6,626 | 7,184 | 7,672 |
Inventories (excludes inventories of $1,569 in 2015 and $1,664 in 2014 classified in Other assets - see Note 6) | 4,700 | 5,571 | 6,226 | 6,535 |
Other current assets | 5,153 | 4,689 | 0 | 0 |
Deferred income taxes and other current assets | 0 | 0 | 4,789 | 4,509 |
Total current assets | 29,764 | 32,605 | 35,685 | 34,857 |
Investments | 13,039 | 13,515 | 9,770 | 7,305 |
Property, Plant and Equipment (at cost) | ||||
Land | 490 | 541 | 550 | 591 |
Buildings | 12,154 | 13,101 | 13,627 | 13,196 |
Machinery, equipment and office furnishings | 14,261 | 16,050 | 17,106 | 17,188 |
Construction in progress | 1,525 | 1,448 | 1,811 | 2,440 |
Property, Plant and Equipment, Gross | 28,430 | 31,140 | 33,094 | 33,415 |
Less: accumulated depreciation | 15,923 | 18,004 | 18,121 | 17,385 |
Property, Plant and Equipment, Net, Total | 12,507 | 13,136 | 14,973 | 16,030 |
Goodwill | 17,723 | 12,992 | 12,301 | 12,134 |
Other Intangibles, Net | 22,602 | 20,386 | 23,801 | 29,083 |
Other Assets | 6,144 | 5,533 | 9,115 | 6,723 |
Total Assets | 101,779 | 98,167 | 105,645 | 106,132 |
Current Liabilities | ||||
Loans payable and current portion of long-term debt | 2,585 | 2,704 | 4,521 | 4,315 |
Trade accounts payable | 2,533 | 2,625 | 2,274 | 1,753 |
Accrued and other current liabilities | 11,216 | 10,523 | 9,501 | 9,737 |
Income taxes payable | 1,560 | 1,237 | 251 | 1,200 |
Dividends payable | 1,309 | 1,308 | 1,321 | 1,343 |
Total current liabilities | 19,203 | 18,397 | 17,868 | 18,348 |
Long-Term Debt | 23,929 | 18,699 | 20,539 | 16,254 |
Deferred Income Taxes and Other Noncurrent Liabilities | 13880 | 12,079 | 14,912 | 16,067 |
Merck & Co., Inc. Stockholders Equity | ||||
Common stock, $0.50 par value Authorized - 6,500,000,000 shares Issued - 3,577,103,522 shares in 2015 and 2014 | 1,788 | 1,788 | 1,788 | 1,788 |
Other paid-in capital | 40,222 | 40,423 | 40,508 | 40,646 |
Retained earnings | 45,348 | 46,021 | 39,257 | 39,985 |
Accumulated other comprehensive loss | (4,148) | (4,323) | -2,197 | -4,682 |
Stockholders' equity before deduction for treasury stock | 83,210 | 83,909 | 79,356 | 77,737 |
Less treasury stock, at cost: 795,975,449 shares in 2015 and 738,963,326 shares in 2014 | 38,534 | 35,262 | 29,591 | 24,717 |
Total Merck & Co., Inc. stockholders equity | 44,676 | 48,647 | 49,765 | 53,020 |
Noncontrolling Interests | 91 | 144 | 2,561 | 2,443 |
Total equity | 44,767 | 48,791 | 52,326 | 55,463 |
Total Liabilities and Equity | $ 101,779 | $ 98,167 | $105,645 | $106,132
|
Consolidated Statement of Income - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Income Statement [Abstract] | ||||
Sales | $ 39,498 | $ 42,237 | $ 44,033 | $47,267 |
Costs, Expenses and Other | ||||
Materials and production | 14,934 | 16,768 | 16,954 | 16,446 |
Marketing and administrative | 10,313 | 11,606 | 11,911 | 12,776 |
Research and development | 6,704 | 7,180 | 7,503 | 8,168 |
Restructuring costs | 619 | 1,013 | 1,709 | 664 |
Equity income from affiliates | 0 | 0 | 0 | -642 |
Other (income) expense, net | 1,527 | (11,613) | 411 | 1,116 |
Total Costs, Expenses and Other | 34,097 | 24,954 | 38,488 | 38,528 |
Income Before Taxes | 5,401 | 17,283 | 5,545 | 8,739 |
Taxes on Income | 942 | 5,349 | 1,028 | 2,440 |
Net Income | 4,459 | 11,934 | 4,517 | 6,299 |
Less: Net Income Attributable to Noncontrolling Interests | 17 | 14 | 113 | 131 |
Net Income Attributable to Merck & Co., Inc. | $ 4,442 | $ 11,920 | $ 4,404 | $6,168 |
Basic Earnings per Common Share Attributable to Merck & Co., Inc. Common Shareholders (in dollars per share) | $ 1.58 | $ 4.12 | $ 1.49 | $2.03 |
Earnings per Common Share Assuming Dilution Attributable to Merck & Co., Inc. Common Shareholders (in dollars per share) | $ 1.56 | $ 4.07 | $ 1.47 | $2 |
Consolidated Statement of Cash Flows - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Cash Flows from Operating Activities | ||||
Net income | $ 4,459 | $ 11,934 | $ 4,517 | $6,299 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||
Depreciation and amortization | 6,375 | 6,691 | 6,988 | 6,978 |
Intangible asset impairment charges | 162 | 1,222 | 765 | 200 |
Foreign currency devaluation related to Venezuela | 876 | 0 | 140 | 0 |
Net charge related to the settlement of Vioxx shareholder class action litigation | 680 | 0 | 0 | 0 |
Gain on divestiture of Merck Consumer Care business | 0 | (11,209) | 0 | 0 |
Gain on AstraZeneca option exercise | 0 | (741) | 0 | 0 |
Loss on extinguishment of debt | 0 | 628 | 0 | 0 |
Equity income from affiliates | (205) | (257) | (404) | -642 |
Dividends and distributions from equity method affiliates | 50 | 185 | 237 | 291 |
Deferred income taxes | (764) | (2,600) | (330) | 669 |
Share-based compensation | 299 | 278 | 276 | 335 |
Other | 757 | (95) | 259 | 28 |
Net changes in assets and liabilities: | ||||
Accounts receivable | (480) | (554) | 436 | 349 |
Inventories | 805 | 79 | (365) | -482 |
Trade accounts payable | (37) | 593 | 522 | -302 |
Accrued and other current liabilities | (8) | 1,635 | (397) | -717 |
Income taxes payable | (266) | (21) | (1,421) | -34 |
Noncurrent liabilities | (277) | 190 | (132) | -1,747 |
Other | (5) | (98) | 563 | -1,203 |
Net Cash Provided by Operating Activities | 12,421 | 7,860 | 11,654 | 10,022 |
Cash Flows from Investing Activities | ||||
Capital expenditures | (1,283) | (1,317) | (1,548) | -1,954 |
Purchases of securities and other investments | (16,681) | (24,944) | (17,991) | -12,841 |
Proceeds from sales of securities and other investments | 20,413 | 15,114 | 16,298 | 7,783 |
Divestiture of Merck Consumer Care business, net of cash divested | 0 | 13,951 | 0 | 0 |
Dispositions of other businesses, net of cash divested | 316 | 1,169 | 46 | 0 |
Proceeds from AstraZeneca option exercise | 0 | 419 | 0 | 0 |
Acquisition of Cubist Pharmaceuticals, Inc., net of cash acquired | (7,598) | 0 | 0 | 0 |
Acquisition of Idenix Pharmaceuticals, Inc., net of cash acquired | 0 | (3,700) | 0 | 0 |
Acquisitions of other businesses, net of cash acquired | (146) | (181) | (246) | 0 |
Acquisition of Bayer AG collaboration rights | 0 | (1,000) | 0 | 0 |
Cash inflows from net investment hedges | 139 | 195 | 350 | 39 |
Other | 82 | (80) | (57) | 168 |
Net Cash Used in Investing Activities | (4,758) | (374) | (3,148) | -6,805 |
Cash Flows from Financing Activities | ||||
Net change in short-term borrowings | (1,540) | (460) | (159) | 624 |
Payments on debt | (2,906) | (6,617) | (1,775) | -22 |
Proceeds from issuance of debt | 7,938 | 3,146 | 6,467 | 2,562 |
Purchases of treasury stock | (4,186) | (7,703) | (6,516) | -2,591 |
Dividends paid to stockholders | (5,117) | (5,170) | (5,157) | -5,116 |
Other dividends paid | 0 | (77) | (120) | -120 |
Proceeds from exercise of stock options | 485 | 1,560 | 1,210 | 1,310 |
Other | 56 | 208 | 60 | 86 |
Net Cash Used in Financing Activities | (5,270) | (15,113) | (5,990) | -3,267 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | (1,310) | (553) | (346) | -30 |
Net Increase (Decrease) in Cash and Cash Equivalents | 1,083 | (8,180) | 2,170 | -80 |
Cash and Cash Equivalents at Beginning of Year | 7,441 | 15,621 | 13,451 | 13,531 |
Cash and Cash Equivalents at End of Year | $ 8,524 | $ 7,441 | $ 15,621 | $13,451 |
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