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Posted on Jul 09, 2024

Using the financial statements below, answer the following questions: 1. What is P&Gs 2014 working capital, acid-test ratio, and current ratio? 2. What cash outflow

Using the financial statements below, answer the following questions:

1. What is P&Gs 2014 working capital, acid-test ratio, and current ratio?

2. What cash outflow obligations related to the repayment of long-term debt does P&G have over the next 5 years? Refer to Note 4.

3. What is the par or stated value of P&Gs preferred stock?

4. What is the par or stated value of P&Gs common stock?

5. What percentage of P&Gs authorized common stock was issued at June 30, 2014?

6. How many shares of common stock were outstanding at June 30, 2014, and June 30, 2013?

7. What was the dollar amount effect of the cash dividends on P&Gs stockholders equity?

8. What is P&Gs return on common stockholders equity for 2014 and 2013?

9. What is P&Gs payout ratio for 2014 and 2013?

10. What was the market price range (high/low) of P&Gs common stock during the quarter ended June 30, 2014?

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2012 S $ $ 2014 83,062 42,460 25,314 2013 82.581 41,391 26.552 308 14,330 82.006 41,411 25,984 1,576 13,035 769 15.288 709 667 77 Amounts in millions except per share amounts: Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Goodwill and indefinite-lived intangible asset impairment charges OPERATING INCOME Interest expense Interest income Other non-operating income, net EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes on continuing operations NET EARNINGS FROM CONTINUING OPERATIONS NET EARNINGS FROM DISCONTINUED OPERATIONS NET EARNINGS Less: Net earnings attributable to noncontrolling interests NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE & 100 206 14,885 3,178 11,707 87 942 14,692 3,391 11.301 101 11,402 90 11,312 185 12,528 3,378 9,150 1,754 10,904 78 11,785 142 148 S 11,643 $ $ 10,756 S $ 4.00 $ 4.16 0.03 4.19 3.18 0.64 0.04 4.04 3.82 BASIC NET EARNINGS PER COMMON SHARE (1), Eamings from continuing operations Earnings from discontinued operations BASIC NET EARNINGS PER COMMON SHARE DILUTED NET EARNINGS PER COMMON SHARE (1), Eamings from continuing operations Eamings from discontinued operations DILUTED NET EARNINGS PER COMMON SHARE DIVIDENDS PER COMMON SHARE S 3.98 S $ 3.83 0.03 3.06 0.60 0.03 4.01 3.86 3.66 2.14 S 2.45 $ 2.29 $ 2014 2013 11,402 2012 10.904 $ 11,785 1,044 (347) Amounts in millions: Years ended June 30 NET EARNINGS OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX Financial statement translation Unrealized gains (losses) on hedges (net of $209, 592 and $441 tax, respectively) Unrealized gains (losses) on investment securities (net of $4, $5 and $3 tax, respectively) Defined benefit retirement plans (net of $356, 5637 and $993 tax, respectively) TOTAL OTHER COMPREHENSIVE INCOME/LOSS), NET OF TAX TOTAL COMPREHENSIVE INCOME Less: Total comprehensive income attributable to noncontrolling interests TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLE 9 (869) (163) 11,622 150 11,472 710 144 (24) 1,004 1.834 13,236 94 (5.990) 724 (3) (2,010) (7.279) 3.625 124 3,501 13,142 2014 2013 S 5.947 8,558 2,128 6,386 6,508 Amounts in millions: June 30 Assets CURRENT ASSETS Cash and cash equivalents Available-for-sale investment securities Accounts receivable INVENTORIES Materials and supplies Work in process Finished goods Total inventories Deferred income taxes Prepaid expenses and other current assets Assets held for sale TOTAL CURRENT ASSETS 1.704 722 1,742 684 4,333 6,759 1,092 3,845 2.849 31,617 4,483 6,909 948 3,678 23,990 PROPERTY, PLANT AND EQUIPMENT, NET GOODWILL TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET OTHER NONCURRENT ASSETS 22,304 53,704 30,843 5,798 21,666 55,188 31,572 6,847 139,263 TOTAL ASSETS S 144,266 $ $ 8.777 8,828 8.461 8.999 660 15,606 33,726 19,811 10.218 10.535 74.290 12.432 30,037 19,111 10,827 10,579 70.554 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable Accrued and other liabilities Liabilities held for sale Debt due within one year TOTAL CURRENT LIABILITIES LONG-TERM DEBT DEFERRED INCOME TAXES OTHER NONCURRENT LIABILITIES TOTAL LIABILITIES SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10.000 shares authorized: shares issued: 2014 - 4009.2.2013 - 4,009.2) Additional paid-in capital Reserve for ESOP debt retirement Accumulated other comprehensive income (loss) Treasury stock cost (shares held: 2014 - 1,298.4, 2013 - 1,266.9) Retained earnings Noncontrolling interest TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,111 1,137 4,009 63,911 (1,340) (7,662) (75,805) 84,990 762 69,976 144,266 4,009 63,538 (1,352) (7.499) (71,966) 80,197 645 68,709 139,263 Common Shares Outstanding 2,765,737 $ Dollars in millions /Shares in thousands BALANCE JUNE 30, 2011 Reserve for ESOP Debt Retirement (1,357) $ Additional Paid-In Capital 62,405 $ Preferred Stock 1,234 $ Total Accumulated Other Comprehensive Income (Loss) (2.054) $ Common Stock 4,008 $ Treasury Stock (67,278) $ Retained Earnings 70.682 $ 10.756 Non- controlling Interest 361 $ 148 68,001 Net eaming 10,904 (7.279) (7.279) (5.883) (256) (5,883) (256) (4,024) 2.215 (61,826) 39.546 4.576 550 (4,024) 1.665 33 (39) 6 50 50 220 63,181 87 596 2,748,033 4.008 1,195 (1,357) (9.333) (69.604) Other comprehensive loss Dividends to shareholders: Common Preferred, net of tax benefits Treasury purchases Employee plan issuances Preferred stock conversions ESOP debt impacts Noncontrolling interest, net BALANCE JUNE 30, 2012 Net earnings Other comprehensive income Dividends to shareholders: Common Preferred, net of tax benefits Treasury purchases Employee plan issuances Preferred stock conversions ESOP debt impacts Noncontrolling interest, net BALANCE JUNE 30, 2013 75,349 11,312 307 64.035 11,402 1,834 90 1.834 (6,275) (244) (6,275) (244) (5,986) 3.926 (84,234) 70.923 7,605 1 352 7 (5,986) 3,573 51 (58) 5 55 (2) 63,538 (41) 645 60 (43) 68,709 2,742,327 4.009 1.137 (1,352) (7.499) (71,966) 80.197 11,643 142 142 11,785 (163) (163) (6,658) (253) Net earnings Other comprehensive loss Dividends to shareholders: Common Preferred, net of tax benefits Treasury purchases Employee plan issuances Preferred stock conversions ESOP debt impacts Noncontrolling interest, net BALANCE JUNE 30, 2014 (6,658) (253) (6,005) 2,508 (74,987) 40,288 3,178 (6,005) 2,144 364 (26) 4 22 12 61 73 5 (25) 762 $ (20) 69,976 2,710,806 $ 4,009 $ 1,111 $ 63,911 S (1,340) $ (7,662) $ (75,805) $ 84,990 S SUPPLEMENTAL DISCLOSURE Cash payments for: Interest $ 740 686 3,320 683 3,780 Income taxes 4,348 2012 S $ $ 2014 83,062 42,460 25,314 2013 82.581 41,391 26.552 308 14,330 82.006 41,411 25,984 1,576 13,035 769 15.288 709 667 77 Amounts in millions except per share amounts: Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Goodwill and indefinite-lived intangible asset impairment charges OPERATING INCOME Interest expense Interest income Other non-operating income, net EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes on continuing operations NET EARNINGS FROM CONTINUING OPERATIONS NET EARNINGS FROM DISCONTINUED OPERATIONS NET EARNINGS Less: Net earnings attributable to noncontrolling interests NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE & 100 206 14,885 3,178 11,707 87 942 14,692 3,391 11.301 101 11,402 90 11,312 185 12,528 3,378 9,150 1,754 10,904 78 11,785 142 148 S 11,643 $ $ 10,756 S $ 4.00 $ 4.16 0.03 4.19 3.18 0.64 0.04 4.04 3.82 BASIC NET EARNINGS PER COMMON SHARE (1), Eamings from continuing operations Earnings from discontinued operations BASIC NET EARNINGS PER COMMON SHARE DILUTED NET EARNINGS PER COMMON SHARE (1), Eamings from continuing operations Eamings from discontinued operations DILUTED NET EARNINGS PER COMMON SHARE DIVIDENDS PER COMMON SHARE S 3.98 S $ 3.83 0.03 3.06 0.60 0.03 4.01 3.86 3.66 2.14 S 2.45 $ 2.29 $ 2014 2013 11,402 2012 10.904 $ 11,785 1,044 (347) Amounts in millions: Years ended June 30 NET EARNINGS OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX Financial statement translation Unrealized gains (losses) on hedges (net of $209, 592 and $441 tax, respectively) Unrealized gains (losses) on investment securities (net of $4, $5 and $3 tax, respectively) Defined benefit retirement plans (net of $356, 5637 and $993 tax, respectively) TOTAL OTHER COMPREHENSIVE INCOME/LOSS), NET OF TAX TOTAL COMPREHENSIVE INCOME Less: Total comprehensive income attributable to noncontrolling interests TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLE 9 (869) (163) 11,622 150 11,472 710 144 (24) 1,004 1.834 13,236 94 (5.990) 724 (3) (2,010) (7.279) 3.625 124 3,501 13,142 2014 2013 S 5.947 8,558 2,128 6,386 6,508 Amounts in millions: June 30 Assets CURRENT ASSETS Cash and cash equivalents Available-for-sale investment securities Accounts receivable INVENTORIES Materials and supplies Work in process Finished goods Total inventories Deferred income taxes Prepaid expenses and other current assets Assets held for sale TOTAL CURRENT ASSETS 1.704 722 1,742 684 4,333 6,759 1,092 3,845 2.849 31,617 4,483 6,909 948 3,678 23,990 PROPERTY, PLANT AND EQUIPMENT, NET GOODWILL TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET OTHER NONCURRENT ASSETS 22,304 53,704 30,843 5,798 21,666 55,188 31,572 6,847 139,263 TOTAL ASSETS S 144,266 $ $ 8.777 8,828 8.461 8.999 660 15,606 33,726 19,811 10.218 10.535 74.290 12.432 30,037 19,111 10,827 10,579 70.554 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable Accrued and other liabilities Liabilities held for sale Debt due within one year TOTAL CURRENT LIABILITIES LONG-TERM DEBT DEFERRED INCOME TAXES OTHER NONCURRENT LIABILITIES TOTAL LIABILITIES SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10.000 shares authorized: shares issued: 2014 - 4009.2.2013 - 4,009.2) Additional paid-in capital Reserve for ESOP debt retirement Accumulated other comprehensive income (loss) Treasury stock cost (shares held: 2014 - 1,298.4, 2013 - 1,266.9) Retained earnings Noncontrolling interest TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,111 1,137 4,009 63,911 (1,340) (7,662) (75,805) 84,990 762 69,976 144,266 4,009 63,538 (1,352) (7.499) (71,966) 80,197 645 68,709 139,263 Common Shares Outstanding 2,765,737 $ Dollars in millions /Shares in thousands BALANCE JUNE 30, 2011 Reserve for ESOP Debt Retirement (1,357) $ Additional Paid-In Capital 62,405 $ Preferred Stock 1,234 $ Total Accumulated Other Comprehensive Income (Loss) (2.054) $ Common Stock 4,008 $ Treasury Stock (67,278) $ Retained Earnings 70.682 $ 10.756 Non- controlling Interest 361 $ 148 68,001 Net eaming 10,904 (7.279) (7.279) (5.883) (256) (5,883) (256) (4,024) 2.215 (61,826) 39.546 4.576 550 (4,024) 1.665 33 (39) 6 50 50 220 63,181 87 596 2,748,033 4.008 1,195 (1,357) (9.333) (69.604) Other comprehensive loss Dividends to shareholders: Common Preferred, net of tax benefits Treasury purchases Employee plan issuances Preferred stock conversions ESOP debt impacts Noncontrolling interest, net BALANCE JUNE 30, 2012 Net earnings Other comprehensive income Dividends to shareholders: Common Preferred, net of tax benefits Treasury purchases Employee plan issuances Preferred stock conversions ESOP debt impacts Noncontrolling interest, net BALANCE JUNE 30, 2013 75,349 11,312 307 64.035 11,402 1,834 90 1.834 (6,275) (244) (6,275) (244) (5,986) 3.926 (84,234) 70.923 7,605 1 352 7 (5,986) 3,573 51 (58) 5 55 (2) 63,538 (41) 645 60 (43) 68,709 2,742,327 4.009 1.137 (1,352) (7.499) (71,966) 80.197 11,643 142 142 11,785 (163) (163) (6,658) (253) Net earnings Other comprehensive loss Dividends to shareholders: Common Preferred, net of tax benefits Treasury purchases Employee plan issuances Preferred stock conversions ESOP debt impacts Noncontrolling interest, net BALANCE JUNE 30, 2014 (6,658) (253) (6,005) 2,508 (74,987) 40,288 3,178 (6,005) 2,144 364 (26) 4 22 12 61 73 5 (25) 762 $ (20) 69,976 2,710,806 $ 4,009 $ 1,111 $ 63,911 S (1,340) $ (7,662) $ (75,805) $ 84,990 S SUPPLEMENTAL DISCLOSURE Cash payments for: Interest $ 740 686 3,320 683 3,780 Income taxes 4,348