MGB October 2020

Corporate Finance 1 & 2

End-term Examination
Appendix: 1
(to be used for Question # 3)
(USD Million) Year Ended December 31,
2016 2017 2018
Net product sales $94,665 $118,573 $141,915
Net service sales 41,322 59,293 90,972
Total net sales 135,987 177,866 232,887
Cost of sales 88,265 111,934 139,156
Gross Profit 47,722 65,932 93,731
Fulfilments Expenses 17,619 25,249 34,027
Marketing Expenses 7,233 10,069 13,814
Technology and content Expenses 16,085 22,620 28,837
General and administrative Expenses 2,432 3,674 4,336
Other operating expense, net 167 214 296
Total operating expenses 43,536 173,760 220,466
Total non-operating Expenses 294 300 1,160
Income before income taxes 3,892 3,806 11,261
Provision for income taxes 1,521 773 1,188
Net income $2,371 $3,033 $10,073
 MGB October 2020
Corporate Finance 1 & 2
End-term Examination
Appendix: 1
(to be used for Question # 5)
Date TEVA GM IBM KHC MCO S&P 500
4/1/2017 30.84 30.30 136.87 77.03 114.14 2384.20
5/1/2017 27.21 29.68 130.33 78.57 114.27 2411.80
6/1/2017 32.44 30.55 132.63 73.48 117.78 2423.41
7/1/2017 31.80 31.82 124.74 75.04 127.41 2470.30
8/1/2017 15.68 32.32 123.32 69.28 129.73 2471.65
9/1/2017 17.49 35.71 126.41 67.02 135.14 2519.36
10/1/2017 13.71 38.79 134.23 66.83 138.25 2575.26
11/1/2017 14.73 38.89 129.93 70.32 147.38 2584.84
12/1/2017 18.95 37.00 135.01 67.74 143.67 2673.61
1/1/2018 20.41 38.63 144.06 68.29 157.47 2823.81
2/1/2018 18.72 35.84 137.13 58.41 162.42 2713.83
3/1/2018 17.09 33.10 136.35 54.26 157.40 2640.87
4/1/2018 17.98 33.80 128.82 49.57 158.28 2648.05
5/1/2018 21.50 39.29 125.58 50.54 166.45 2705.27
6/1/2018 24.32 36.25 125.53 55.82 166.87 2718.37
7/1/2018 23.94 35.18 130.23 53.54 167.42 2816.29
8/1/2018 22.91 33.46 131.62 51.78 174.17 2901.52
9/1/2018 21.54 31.25 137.34 49.50 164.00 2913.98
10/1/2018 19.98 34.33 104.84 49.37 142.70 2711.74
11/1/2018 21.54 35.61 112.87 45.91 156.03 2760.17
12/1/2018 15.42 31.38 104.56 39.12 137.77 2506.85
1/1/2019 19.85 36.99 123.64 43.68 155.94 2704.10
2/1/2019 16.83 37.43 127.06 30.17 170.31 2784.49
3/1/2019 15.68 35.17 131.30 29.68 178.68 2834.40
NASDAQ
6047.61
6198.52
6140.42
6348.12
6428.66
6495.96
6727.67
6873.97
6903.39
7411.48
7273.01
7063.45
7066.27
7442.12
7510.30
7671.79
8109.54
8046.35
7305.90
7330.54
6635.28
7281.74
7532.53
7729.32