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Project out the 2020 income statement Tax rate is 21% and growth rate is -7.7% Please help thank you :) Consolidated Statements of Earnings -
Project out the 2020 income statement Tax rate is 21% and growth rate is -7.7% Please help thank you :)
Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions | 12 Months Ended | |||
Jul. 28, 2019 | Jul. 29, 2018 | Jul. 30, 2017 | ||
Income Statement [Abstract] | ||||
Net sales | $ 8,107 | $ 6,615 | $ 5,837 | |
Costs and expenses | ||||
Cost of products sold | 5,414 | 4,241 | 3,395 | |
Marketing and selling expenses | 842 | 728 | 675 | |
Administrative expenses | 610 | 563 | 448 | |
Research and development expenses | 91 | 91 | 93 | |
Other expenses / (income) | 140 | (73) | (216) | |
Restructuring charges | 31 | 55 | 11 | |
Total costs and expenses | 7,128 | 5,605 | 4,406 | |
Earnings before interest and taxes | 979 | 1,010 | 1,431 | |
Interest expense | 356 | 183 | 115 | |
Interest income | 2 | 3 | 0 | |
Earnings before taxes | 625 | 830 | 1,316 | |
Taxes on earnings | 151 | 106 | 392 | |
Earnings from continuing operations | 474 | 724 | 924 | |
Loss from discontinued operations | (263) | (463) | (37) | |
Net earnings | 211 | 261 | 887 | |
Less: Net earnings (loss) attributable to noncontrolling interests | 0 | 0 | 0 | |
Net earnings attributable to Campbell Soup Company | $ 211 | $ 261 | $ 887 | |
Per Share - Basic | ||||
Earnings from continuing operations attributable to Campbell Soup Company | $ 1.57 | [1] | $ 2.41 | $ 3.03 |
Loss from discontinued operations | (0.87) | (1.54) | (0.12) | |
Net earnings attributable to Campbell Soup Company | $ 0.70 | $ 0.87 | $ 2.91 | |
Weighted average shares outstanding - basic | 301 | 301 | 305 | |
Per Share - Assuming Dilution | ||||
Earnings from continuing operations attributable to Campbell Soup Company | $ 1.57 | $ 2.40 | $ 3.01 | |
Loss from discontinued operations | (0.87) | (1.53) | (0.12) | |
Net earnings attributable to Campbell Soup Company | $ 0.70 | $ 0.86 | $ 2.89 | |
Weighted average shares outstanding - assuming dilution | 302 | 302 | 307 |
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