VF CORPORATION Consolidated Statements of Income Three Months Ended March Year Ended Year Ended March Transition Period December 2020 2019 2018 2017 10,488,556 $ 10,266,887 $ 2,181,546 $ 8,394,684 $ 4,656,326 4,420,379 1,008,641 1,025,353 3.849,248 3,662,062 9,076,705 1,190,182 15,008 [107,738) 2,033,994 147,552 1,533 (24.115) 7,511,310 883,374 13,002 (101.974 In thousands, except per share amounts! Net revenues Costs and operating expenses Cost of goods sold Selling, general and administrative expenses Impairment of goodwill Total costs and operating expenses Operating income Interest income Interest expense Loss on debt extinguishment Other income lexpense), net Income from continuing operations before income taxes Income taxes Income from continuing operations Income from discontinued operations, net of tax Net income Earnings per common share - basic Continuing operations Discontinued operations Total earnings per common share-basic Earnings per common share-diluted Continuing operations Discontinued operations Total earnings per common share - diluted Weighted average shares outstanding Basic Diluted 4,690,520 4,547,008 323,223 9,560,751 927,805 19.867 192,042) (59.772) 168,650) 727,208 98,062 629,146 50,303 679,449 (59,139) 1,038,313 167,887 870,426 389,366 1,259,792 $ 6,346 131,316 2,341 128,975 123,818 252,793 $ 16,523) 787,879 519,809 268,070 346,853 614,923 $ $ $ 1.59 0.13 1.72 2.20 $ 0.99 3.19 $ 0.33 $ 0.31 0.64 $ 0.67 0.87 1.54 $ $ $ 1.57 0.13 2.17 $ 0.97 3.15 $ 0.32 $ 0.31 0.63 $ 0.66 0.86 $ 1.70 $ 1.52 395,411 399.936 395,189 400,496 395,253 401,276 399,223 403,559 VF CORPORATION Consolidated Statements of Comprehensive Income Three Months Ended March Year Ended Year Ended March [Transition Period December 2020 2019 2018 2017 679,449 $ 1,259,792 $ 252,793 $ 614,923 $ (137,210) (225,295) 62,978 202,428 48,261 2.913 (23,515) 6,354 45,950 12,836) 14,848 1,887 15,198 28,474 494 16,405) 8,548 647 119,801) 41,440 2,646 in thousands Net income Other comprehensive income (Loss) Foreign currency translation and other Gains Llosses) arising during the period Reclassification of foreign currency translation losses Income tax effect Defined benefit pension plans Current period actuarial gains Llosses), including plan amendments and curtailments Amortization of net deferred actuarial losses Amortization of deferred prior service costs Reclassification of net actuarial loss from settlement charge Reclassification of deferred prior service cost due to curtailments Income tax effect Derivative financial instruments Gains (losses) arising during period Income tax effect Reclassification to net income for gains) lasses realized Income tax effect Other comprehensive income (Loss) Comprehensive income 27,443 8,856 9,530 (16,118) 1,671 115.2001 (11,022) (459) 100,336 (23,539) 156,513 (19,295) 125,530) 4,452 1138,716] 15,636 178,511) 15,115 (42,315) 637,134 28,341 (1,228) (38,045) 1,221,747 $ 13,960 12,435) 62,110 314,903 $ 124,067) 3,344 115,323 730,246 $ $ VF CORPORATION Consolidated Balance Sheets March 2020 March 2019 in thousands, except share amounts ASSETS $ 1,369,028 $ 402,226 1,308,051 1,293,912 444,886 611,139 5,027,016 954,406 1,854,545 1.156,019 1,273,514 867.751 1,372,625 1,173,102 425,612 1,299,892 4,673,457 876,093 1,907,457 1,491,684 768,482 639,612 10,356,785 11,133,251 $ $ Current assets Cash and equivalents Accounts receivable, less allowance for doubtful accounts of: March 2020 - $37,099; March 2019 - $19,009 Inventories Other current assets Current assets of discontinued operations Total current assets Property, plant and equipment, net Intangible assets, net Goodwill Operating lease right-of-use assets Other assets Other assets of discontinued operations TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Short-term borrowings Current portion of long-term debt Accounts payable Accrued liabilities Current liabilities of discontinued operations Total current liabilities Long-term debt Operating lease liabilities Other liabilities Other liabilities of discontinued operations Commitments and contingencies Total Liabilities Stockholders' equity Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at March 2020 or March 2019 Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at March 2020 - 388,812,158: March 2019-396,824,662 Additional paid-in capital Accumulated other comprehensive income (loss] Retained earnings Total stockholders' equity TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1.228,812 1,018 407,021 1.260,252 126,781 3,023,884 2,608,269 1,020,651 1.123,113 659,060 5,263 489,600 1,125,242 382,439 2,661,604 2,115,884 1,234,881 45,900 7,775,917 6,058,269 97,203 4.183,780 1930,958) 7,309 3,357,334 11,133,251 99,206 3,921,784 1902,075) 1,179,601 4,298,516 10,356,785 $ Question 10 1.5 pts What is VF Corporation's working capital? Use unrounded numbers for all computations. For example, if the financial statements present numbers "in thousands," then multiply the amounts by $1,000 before use in computations. If the financial statements present numbers in millions," then multiply the amounts by $1,000,000 before use in computations. Enter your response as a whole number with no commas or dollar signs. DO NOT convert to a percent. If working capital is negative, enter as a negative number, such as -2000 Question 11 1.5 pts What is VF Corporation's current ratio? Round your response to THREE decimal places. For example, 1.3455 rounds to 1.346 and .8954 rounds to .895. DO NOT convert to a percent. Question 12 1.5 pts What is VF Corporation's days in inventory? DO NOT round inventory turnover, which will be used to calculate days in inventory. Round days in inventory UP for ANY PART of a day to the next whole number of days with NO decimals. DO NOT convert to a percent. Question 13 1.5 pts What is VF Corporation's debt to total assets? Round your response to THREE decimal places. DO NOT convert to a percent. Question 14 1.5 pts What is VF Corporation's times interest earned? Round your response to THREE decimal places. DO NOT convert to a percent Question 15 1.5 pts What is VF Corporation's free cash flow? Use unrounded numbers for all computations. For example, if the financial statements present numbers "in thousands," then multiply the amounts by $1,000 before use in computations. If the financial statements present numbers in millions," then multiply the amounts by $1,000,000 before use in computations. Enter your response as a whole number with no commas or dollar signs. If free cash flow is negative, enter as a negative number, such as - 340000. DO NOT convert to a percent. Question 16 1.5 pts What is VF Corporation's gross profit rate? Round your response to THREE decimal places. DO NOT convert to a percent. Question 17 1.5 pts What is VF Corporation's profit margin? Round your response to THREE decimal places. DO NOT convert to a percent. Question 18 1.5 pts What is VF Corporation's return on assets? Round your response to THREE decimal places. DO NOT convert to a percent