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Some recent financial statements for the luxury goods company LVMH Moet Hennessy Louis Vuitton SA follow. Income Statements for LVMH Moet Hennessy Louis Vuitton Y/E
Some recent financial statements for the luxury goods company LVMH Moet Hennessy Louis Vuitton SA follow. |
Income Statements for LVMH Moet Hennessy Louis Vuitton | |||||
Y/E | Y/E | ||||
2016 | 2015 | ||||
m | m | ||||
Revenue | 17,193 | 16,481 | |||
Cost of Revenue | 6,012 | 5,786 | |||
Gross Profit | 11,181 | 10,695 | |||
Selling/General/Admin. Expenses | 7,553 | 7,140 | |||
Amortization | 0 | 6 | |||
Unusual Expense (Income) | 126 | 116 | |||
Other Operating Expenses, Total | 17 | 4 | |||
Operating Profit | 3,485 | 3,429 | |||
Interest Expense | -255 | -241 | |||
Interest/Invest Income | 15 | 30 | |||
Other, Net | -41 | -41 | |||
Profit Before Taxes | 3,204 | 3,177 | |||
Provision for Income Taxes | 893 | 853 | |||
Profit After Taxes | 2,311 | 2,324 | |||
Minority Interest | -292 | -306 | |||
Equity In Affiliates | 7 | 7 | |||
Profit Attributable to Shareholders | 2,026 | 2,025 | |||
Statements of Financial Position LVMH Moet Hennessy Louis Vuitton | ||||||||
Dec 16 | Dec 15 | Dec 16 | Dec 15 | |||||
m | m | m | m | |||||
Current Assets | Current Liabilities | |||||||
Cash and Short-Term Investments | 1,013 | 1,559 | Trade Payables | 2,292 | 2,095 | |||
Trade Receivables | 1,650 | 1,595 | Accrued Expenses | 1,866 | 1,552 | |||
Notes Payable/Short TermDebt | ||||||||
Receivables - Other | 229 | 151 | 1,571 | 2,212 | ||||
Total Inventory | 5,767 | 4,812 | Current Port. of LT Debt/Capital Leases | 276 | 926 | |||
Other Current Assets | 1,695 | 2,001 | Other Current liabilities | 610 | 628 | |||
Total Current Assets | 10,354 | 10,118 | Total Current Liabilities | 6,615 | 7,413 | |||
Non-Current Assets | Non-Current Liabilities | |||||||
Property/Plant/Equipment | 6,081 | 5,419 | Total Long Term Debt | 3,738 | 2,477 | |||
Goodwill, Net | 4,423 | 4,818 | Deferred Income Tax | 3,113 | 2,843 | |||
Intangibles, Net | 8,523 | 7,999 | Minority Interest | 989 | 938 | |||
Long-Term Investments | 591 | 952 | Other Liabilities | 4,224 | 5,123 | |||
Other Long Term Assets | 1,511 | 1,078 | Total Non-Current Liabilities | 12,064 | 11,381 | |||
Total Non-Current Assets | 21,129 | 20,266 | Total Liabilities | 18,679 | 18,794 | |||
Shareholders Equity | ||||||||
Ordinary Shares | 147 | 147 | ||||||
Additional Paid-In Capital | 1,737 | 1,736 | ||||||
Retained Earnings (Accumulated Deficit) | 12,274 | 11,192 | ||||||
Treasury Stock - Common | -983 | -877 | ||||||
Other Equity, Total | -371 | -608 | ||||||
Total Equity | 12,804 | 11,590 | ||||||
Total Assets | 31,483 | 30,384 | Total Liabilities & Shareholders' Equity | 31,483 | 30,384 | |||
Required: | |
Construct the Du Pont identity for LVMH Moet Hennessy Louis Vuitton SA |
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