Income statements polo ralph lauren currency in

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Income Statements Polo Ralph Lauren Currency in Millions 31-May-2012 Revenues $ 6,859.50 TOTAL REVENUES $ 6,859.50 Cost Of Goods Sold $ 2,861.40 GROSS PROFIT $ 3,998.10 Selling General & Admin Expenses, Total $ 2,915.20 4
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Depreciation & Amortization, Total $ 28.90 OTHER OPERATING EXPENSES, TOTAL $ 2,944.10 OPERATING INCOME $ 1,054.00 Interest Expense $ (24.50) Interest And Investment Income $ 11.00 Other Non-Operating Expenses, Total $ (10.80) Merger & Restructuring Charges $ (12.40) Other Unusual Items, Total $ (2.20) EBT, INCLUDING UNUSUAL ITEMS $ 1,015.10 Income Tax Expense $ 334.10 Earnings From Continuing Operations $ 681.00 NET INCOME $ 681.00 NET INCOME TO COMMON INCLUDING EXTRA ITEMS $ 681.00 NET INCOME TO COMMON EXCLUDING EXTRA ITEMS $ 681.00 5
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Nike Inc. 12 months Ended 31-May- 2012 Revenues $ 24,128.00 Cost of sales $ (13,657.00) Gross margin $ 10,471.00 Demand creation expense $ (2,711.00) Operating overhead expense $ (4,720.00) Selling and administrative expense $ 7,431.00 Reconstructing charges $ - Goodwill impairment $ - Intangible and other asset impairment $ - Operating income $ 3,040.00 Interest income $ 30.00 6
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Interest expense $ (33.00) Interest income (expense), net $ (3.00) Other income (expense), net $ (54.00) Income before income taxes $ 2,983.00 Income taxes $ (760.00) Net income $ 2,223.00 Adidas Income Statement 2012 (currency in millions of U.S dollars) 31-December-2012 revenues $ 19,437.90 TOTAL REVENUES $ 19,437.90 cost of goods sold $ 10,161.10 GROSS PROFIT $ 9,276.90 selling general and admin expenses, total $ 2,542.90 other operating expenses 5232.O OTHER OPERATING EXPENCES, TOTAL $ 7,774.90 OPERATING INCOME $ 1,502.00 interest expense $ (126.70) interest and investment income $ 45.70 other Non-operating expenses, total $ (9.10) other non-operating income (expenses) $ - impairment of goodwill $ (346.10) gain (loss) on sale of assets $ 1.30 other unusual items, total $ 44.40 EBT, INCLUDING USUAL ITEMS $ 1,111.40 income tax expense $ 427.10 minority interest in earnings $ 2.60 earnings from continuing operations $ 684.40 NET INCOME $ 687.00 NET INCOME TO COMMON INCLUDING EXTRA ITEMS $ 687.00 7
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Balance Sheets We were then asked to compute balance sheet data in trend percent’s using the year 2009 as the base year. Balance sheet data from 2009-2011 will be displayed within each company as follows: Polo Ralph Lauren Period Ended 4/2/2011 4/3/2010 3/28/2009 In millions of USD (except for per share items) Cash and Short Term Investments 1,046.90 1,147.20 819.9 8
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Total Receivables, Net 500.6 383.2 474.9 Inventories - Finished Goods 692.8 496.8 518 Inventories - Work In Progress 1.8 1.3 1.7 Inventories - Raw Materials 7.5 5.9 5.4 Total Inventory 702.1 504 525.1 Prepaid Expenses 125.8 101.1 108.6 Other Current Assets, Total 102.6 140.3 128.2 Total Current Assets 2,478.00 2,275.80 2,056.70 Property / Plant / Equipment, Total - Net 788.8 697.2 651.6 Goodwill, Net 1,016.30 986.6 966.4 Intangibles, Net 387.7 363.2 348.9 Other Long Term Assets, Total 221.4 245.8 299 Total Assets 4,981.10 4,648.90 4,356.50 Accounts Payable 141.3 149.8 165.9 Accrued Expenses 568.8 463.1 375.5 Notes Payable / Short Term Debt 0 0 0 Other Current liabilities, Total 121.9 134.4 132.7 Total Current Liabilities 832 747.3 674.1 Long Term Debt 291.9 282.1 406.4 Capital Lease Obligations 40.4 38.2 38.4 Total Long Term Debt 332.3 320.3 444.8 Deferred Income Tax – Long Term Liability 197.8 156.5 154.8 Deferred Income Tax 197.8 156.5 154.8 Other Long Term Liabilities 314.3 308.2 347.7 Total Liabilities 1,676.40 1,532.30 1,621.40 Common Stock, Total 1.2 1.2 1.1 Additional Paid-In Capital 1,444.70 1,243.80 1,108.40 Retained Earnings (Accumulated Deficit) 3,435.30 2,915.30 2,465.50 Treasury Stock - Common -1,792.30 -1,197.70 -966.7 Other Comprehensive Income 215.8 154 126.8 Other Equity, Total 215.8 154 126.8 Total Equity 3,304.70 3,116.60 2,735.10 Total Liabilities & Shareholders' Equity 4,981.10 4,648.90 4,356.50
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