Case_34 - Copyright 2005 by the University of Virginia...

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Unformatted text preview: Copyright 2005 by the University of Virginia Darden School Foundation. This spreadsheet supports STUDENT analysis of the case, "The Wm. Wrigley Jr. Company" (Case 34). The Wim. Wrigley Jr. Company Statement of Earnings year ended December 31 (in thousands, except per-share amounts) 2001 2000 1999 Earnings Net sales $2,429,646 $2,145,706 $2,061,602 Cost of sales 997,054 904,266 904,183 Gross profit 1,432,592 1,241,440 1,157,419 Selling, general and admininstrative expenses 919,236 778,197 721,813 Operating income 513,356 463,243 435,606 Investment income 18,553 19,185 17,636 Other expense (4,543) (3,116) (8,812) Earnings before income taxes 527,366 479,312 444,430 Income taxes 164,380 150,370 136,247 Net earnings $362,986 $328,942 $308,183 Per-share amounts Net earnings per share of common stock $1.61 $1.45 $1.33 Dividends paid per share of common stock $0.745 $0.70 $0.66 Source of data: Company regulatory filings. The Wim. Wrigley Jr. Company Consolidated Balance Sheet (in thousands of dollars) 2001 2000 ASSETS Current assets: Cash and equivalents $307,785 $300,599 Short-term investments, at amortized cost 25,450 29,301 Accounts receivable 239,885 191,570 Inventories Finished goods 75,693 64,676 Raw materials and supplies 203,288 188,615 278,981 253,291 Other current assets 46,896 39,728 Deferred income taxes - current 14,846 14,226 Total current assets 913,843 828,715 Marketable equity securities, at fair value 25,300 28,535 Deferred charges and other assets 115,745 83,713 Deferred income taxes - noncurrent 26,381 26,743 Property, plant, and equipment (at cost) Land 39,933 39,125 Buildings and building equipment 359,109 344,457 Machinery and equipment 857,044 756,050 1,256,086 1,139,632 Less accumulated depreciation 571,717 532,598 Net property, plant and equipment 684,379 607,034 TOTAL ASSETS $1,765,648 $1,574,740 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $91,225 $73,129 Accrued expenses 128,406 113,779 Dividends payable 42,711 39,467 Income and other taxes payable 68,437 60,976 Deferred income taxes - current 1,455 859 Total current liabilities 332,234 288,210 Deferred income taxes - noncurrent 43,206 40,144 Other non-current liabilities 113,921 113,489 Common stock 12,646 12,558 Class B convertible stock 2,850 2,938 Additional paid-in capital 1,153 346 Retained earnings 1,684,337 1,492,547 Treasury stock (289,799) (256,478) Accumulated other comprehensive income (134,900) (119,014) Total stockholders' equity 1,276,287 1,132,897 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $1,765,648 $1,574,740 Source of data: Company regulatory filings. 6 / 2 / 2 6 / 6 / 2 6 / 8 / 2 6 / 1 2 / 2 6 / 1 4 / 2 6 / 1 6 / 2 6 / 2 / 2 6 / 2 2 / 2 6 / 2 6 / 2 6 / 2 8 / 2 6 / 3 / 2 7 / 4 / 2 7 / 6 / 2 7 / 1 / 2 7 / 1 2 / 2 7 / 1 4 / 2 7 / 1 8 / 2 7 / 2 / 2 7 / 2 4 / 2 7 / 2 6 / 2 7 / 2 8 / 2 8 / 1 / 2 8 / 3 / 2 8 / 7 / 2 8 / 9 / 2 8 / 1 1 / 2 8 / 1 5 / 2 8 / 1 7 / 2 8 / 2 1 / 2 8 / 2 3 / 2 8 / 2 5 / 2 8 / 2 9 / 2 8 / 3 1 / 2 9 / 4 / 2...
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Case_34 - Copyright 2005 by the University of Virginia...

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