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International Beverage Income Statement US Sales International Sales Net Sales Cost of Goods Sold Depreciation Marketing Expense Other SG&A

What are some key financial differences between the three companies using the attached information?
International Beverage 2006 2007 2008 2009 2010 2011 2012 2013 Income Statement US Sales 2,000.00 2,010.00 2,019.90 2,030.00 2,040.10 2,050.20 2,060.40 2,070.70 International Sales 980 990 1,000.00 1,010.10 1,020.30 1,030.60 1,041.00 1,051.50 Net Sales 2,980.00 2,999.90 3,019.90 3,040.10 3,060.40 3,080.90 3,101.50 3,122.20 Cost of Goods Sold 1,850.00 1,911.00 1,974.00 1,987.10 2,000.40 2,013.80 2,027.20 2,040.80 Depreciation 240 292.4 245.9 208.7 179 155.2 136.2 120.9 Marketing Expense 149.9 158.1 165 166.1 167.2 168.3 169.5 170.6 Other SG&A 349.9 368.1 386 388.6 391.2 393.8 396.4 399.1 Earnings Before Interest and Taxes 390.3 270.4 249.1 289.6 322.6 349.8 372.2 390.8 Interest Expense 120 87.2 86.6 84.9 83.2 81.5 79.8 78.1 Earnings Before Income Taxes 270.3 183.2 162.4 204.6 239.4 268.3 292.4 312.7 Income Taxes 108.1 73.3 65 81.9 95.8 107.3 117 125.1 Net Income 162.2 109.9 97.5 122.8 143.6 161 175.4 187.6 EBITDA 630.3 562.8 495 498.3 501.6 505 508.4 511.8 Earnings Per Share ($/Share) $3.24 $2.20 $1.95 $2.46 $2.87 $3.22 $3.51 $3.75 Starshine 2006 2007 2008 2009 2010 2011 2012 2013 Income Statement US Sales 250 255 265.1 275.5 286.4 297.7 309.5 321.7 International Sales 225 240 260 281.7 305.1 330.6 358.1 388 Net Sales 475 495 525.1 557.2 591.5 628.3 667.6 709.6 Cost of Goods Sold 200 205 230 244.1 259.1 275.2 292.4 310.9 Depreciation 40 55.4 46.3 39.1 33.2 28.6 24.9 21.9 Marketing Expense 52 53.3 53.3 56.6 60 63.8 67.8 72 Other SG&A 148 151.7 151.7 161 170.9 181.5 192.9 205 Earnings Before Interest and Taxes 35 29.6 43.7 56.5 68.2 79.2 89.6 99.8 Interest Expense 16.5 15.3 14.7 14.1 13.5 12.9 12.3 11.7 Earnings Before Income Taxes 18.4 14.3 29 42.4 54.7 66.3 77.3 88.1 Income Taxes 7.4 5.7 11.6 17 21.9 26.5 30.9 35.2 Net Income 11.1 8.6 17.4 25.5 32.8 39.8 46.4 52.9 EBITDA 75 85 90.1 95.6 101.5 107.8 114.5 121.7 Earnings Per Share ($/Share) $1.38 $1.07 $2.18 $3.18 $4.10 $4.97 $5.80 $6.61 Bel Vino 2006 2007 2008 2009 2010 2011 2012 2013 Income Statement US Sales 330 328 330 331.6 333.3 335 336.6 338.3 International Sales 29 32 36 40.5 45.6 51.3 57.7 64.9 Net Sales 359 360 366 372.1 378.9 386.2 394.3 403.2 Cost of Goods Sold 160 150 140 142.3 144.9 147.7 150.8 154.2 Depreciation 24 28 26.4 25.1 24.1 23.3 22.6 22.1 Marketing Expense 23.4 23.8 24.3 24.7 25.2 25.6 26.2 26.8 Other SG&A 106.6 108.2 110.7 112.6 114.6 116.8 119.3 121.9 Earnings Before Interest and Taxes 45 50 64.6 67.4 70.1 72.8 75.4 78.1 Interest Expense 38 18.7 18.4 18.1 17.8 17.5 17.2 16.9 Earnings Before Income Taxes 7 31.3 46.2 49.3 52.3 55.3 58.3 61.3 Income Taxes 2.8 12.5 18.5 19.7 20.9 22.1 23.3 24.5 Net Income 4.2 18.8 27.7 29.6 31.4 33.2 35 36.8 EBITDA 69 78 91 92.5 94.2 96 98 100.2 Earnings Per Share ($/Share) $0.42 $1.88 $2.77 $2.96 $3.14 $3.32 $3.50 $3.68
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International Beverage 2006 2007 2008 2009 2010 2011 2012 2013 Assets Cash and Cash Investments -122.8 90 151 152 153 154 155.1 156.1 Accounts Receivable 400 404 408.1 410.8 413.5 416.3 419.1 421.9 Raw Materials 24 24.5 25 25.2 25.3 25.5 25.7 25.8 In Process Inventory 520 530.4 541 544.6 548.2 551.9 555.6 559.3 Finished Case Goods 256 261.1 266.3 268.1 269.9 271.7 273.5 275.4 Total Inventory 800 816 832.3 837.9 843.5 849.1 854.8 860.5 Other Current Assets 150 151.5 153.1 154.1 155.2 156.2 157.2 158.3 Total Current Assets 1,227.20 1,461.50 1,544.50 1,554.80 1,565.20 1,575.60 1,586.20 1,596.80 Gross Plant Property and Equipment 2,200.00 2,260.00 2,320.00 2,380.00 2,440.00 2,500.00 2,560.00 2,620.00 Accumulated Depreciation 738 1,030.40 1,276.30 1,485.10 1,664.00 1,819.20 1,955.40 2,076.30 Net Property, Plant and Equipment 1,462.00 1,229.60 1,043.70 894.9 776 680.8 604.6 543.7 Other Assets 138 138 138 138.9 139.9 140.8 141.7 142.7 Total Assets 2,827.10 2,829.10 2,726.20 2,588.70 2,481.00 2,397.20 2,332.50 2,283.20 Liabilities Accounts Payable 270 275.4 280.9 282.8 284.7 286.6 288.5 290.4 Short Term Debt 20 20 20 20 20 20 20 20 Current Portion of Long Term Debt 10 30 30 30 30 30 30 30 Total Current Liabilities 300 325.4 330.9 332.8 334.7 336.6 338.5 340.4 Long Term Debt 1,500.00 1,470.00 1,440.00 1,410.00 1,380.00 1,350.00 1,320.00 1,290.00 Shareholders Equity 1,027.10 1,033.70 955.3 845.9 766.3 710.6 674 652.8 Total Liabilities and Shareholders Equity 2,827.10 2,829.10 2,726.20 2,588.70 2,481.00 2,397.20 2,332.50 2,283.20 Starshine 2006 2007 2008 2009 2010 2011 2012 2013 Assets Cash and Cash Investments 40 29.7 21 22.3 23.7 25.1 26.7 28.4 Accounts Receivable 175 178.5 181.2 192.3 204.2 216.9 230.4 244.9 Raw Materials 5 5.2 5.4 5.8 6.1 6.5 6.9 7.3 In Process Inventory 140 146.7 151.8 161.1 171 181.6 193 205.1 Finished Case Goods 105 110 113.8 120.8 128.2 136.2 144.7 153.8 Total Inventory 250 262 271 287.6 305.3 324.3 344.6 366.3 Other Current Assets 33.3 33.8 34.3 36.4 38.6 41 43.6 46.3 Total Current Assets 498.3 503.9 507.5 538.6 571.8 607.3 645.3 685.9 Gross Plant Property and Equipment 400 410 420 430 440 450 460 470 Accumulated Depreciation 123 178.4 224.7 263.8 297 325.6 350.5 372.4 Net Property, Plant and Equipment 277 231.6 195.3 166.2 143 124.4 109.5 97.6 Other Assets 23.8 24.1 24.5 26 27.6 29.3 31.1 33.1 Total Assets 799 759.6 727.3 730.8 742.3 760.9 785.9 816.6 Liabilities Accounts Payable 83 84.7 86 91.2 96.8 102.8 109.3 116.2 Short Term Debt 45 45 45 45 45 45 45 45 Current Portion of Long Term Debt 10 10 10 10 10 10 10 10 Total Current Liabilities 138 139.7 141 146.2 151.8 157.8 164.3 171.2 Long Term Debt 200 190 180 170 160 150 140 130 Shareholders Equity 461 430 406.3 414.6 430.5 453.1 481.6 515.4 Total Liabilities and Shareholders Equity 799 759.6 727.3 730.8 742.3 760.9 785.9 816.6 Bel Vino 2006 2007 2008 2009 2010 2011 2012 2013 Assets Cash and Cash Investments 10 10 10.2 10.4 10.6 10.8 11 11.2 Accounts Receivable 98.4 98.6 100.3 102 103.8 105.8 108 110.5 Raw Materials 21 19.7 18.4 18.7 19.1 19.4 19.8 20.3 In Process Inventory 241.1 226 211 214.5 218.4 222.6 227.3 232.4 Finished Case Goods 48.2 45.2 42.2 42.9 43.7 44.5 45.5 46.5 Total Inventory 310.4 291 271.6 276.1 281.1 286.6 292.6 299.2 Other Current Assets 7.2 7.2 7.3 7.4 7.6 7.7 7.9 8.1 Total Current Assets 425.9 406.8 389.4 395.9 403 410.9 419.5 428.9 Gross Plant Property and Equipment 240 260 280 300 320 340 360 380 Accumulated Depreciation 100 128 154.4 179.5 203.6 226.9 249.5 271.6 Net Property, Plant and Equipment 140 132 125.6 120.5 116.4 113.1 110.5 108.4 Other Assets 45 45 45 46.6 47.5 48.4 49.4 50.5 Total Assets 610.9 583.8 560 563 566.9 572.4 579.4 587.8 Liabilities Accounts Payable 39.5 37 34.5 35.1 35.7 36.4 37.2 38 Short Term Debt 16 16 16 16 16 16 16 16 Current Portion of Long Term Debt 5 5 5 5 5 5 5 5 Total Current Liabilities 60.5 58 55.5 56.1 56.7 57.4 58.2 59 Long Term Debt 290 285 280 275 270 265 260 255 Shareholders Equity 260.4 240.9 224.4 231.9 240.2 249.9 261.2 273.8 Total Liabilities and Shareholders Equity 610.9 583.8 560 563 566.9 572.4 579.4 587.8
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