[USD $ millions]

2014 2015 2016 2017 2018

Assets
Current assets:
Cash 167,971 181,210 183,715 211,069 239,550
Accounts Receivable 5,100 5,904 6,567 7,117 7,539
Prepaid expenses 4,806 5,513 5,170 5,998 5,682
Inventory 7,805 9,601 9,825 10,531 11,342
Total current assets 185,682 202,228 205,277 234,715 264,112

Property & Equipment 45,500 42,350 40,145 38,602 37,521

Goodwill 3,580 3,460 3,910 3,870 3,850
Total Assets 234,762 248,038 249,332 277,187 305,483

Liabilities
Current liabilities:
Accounts Payable 3,902 4,800 4,912 5,265 5,671
Accrued expenses 1,320 1,541 1,662 1,865 1,899
Unearned revenue 1,540 1,560 1,853 1,952 1,724
Total current liabilities 6,762 7,901 8,427 9,082 9,294

Long-term debt 50,000 50,000 30,000 30,000 30,000

Other long-term liabilities 5,526 5,872 5,565 6,051 5,909
Total Liabilities 62,288 63,773 43,992 45,133 45,203

Shareholder's Equity
Equity Capital 170,000 170,000 170,000 170,000 170,000
Retained Earnings 2,474 14,265 35,340 62,053 90,280
Shareholder's Equity 172,474 184,265 205,340 232,053 260,280
Total Liabilities & Shareholder's Equity 234,762 248,038 249,332 277,187 305,483

Check 0.000 0.000 0.000 0.000 0.000

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Income Statement
[USD $ millions]
2014 2015 2016 2017 2018 This file is for educational p
Revenue stream 1 7,692.6 7,814.6 7,938.7 8,064.6 8,192.6
Revenue stream 2 1,907.8 1,938.0 1,968.8 2,000.0 2,031.8
Returns, Refunds, Discounts (275.3) (279.7) (284.1) (288.6) (293.2)
Total Net Revenue 9,325.0 9,473.0 9,623.3 9,776.0 9,931.2

Cost of Goods Sold 3,533.2 3,589.3 3,646.3 3,704.1 3,762.9

Gross Profit 5,791.8 5,883.7 5,977.0 6,071.9 6,168.3 Corporate Finance Institu
https://corporatefinance
Expenses
Advertising & Promotion 250.6 255.6 260.7 265.9 271.1
Depreciation & Amortization 1,456.8 1,485.8 1,515.3 1,545.4 1,576.1
Insurance 14.7 15.0 15.3 15.6 15.9
Maintenance 76.4 77.9 79.5 81.0 82.6
Office Supplies 37.5 38.3 39.0 39.8 40.6
Rent 77.7 79.3 80.9 82.5 84.1
Salaries, Benefits & Wages 3,366.7 3,433.6 3,501.8 3,571.4 3,642.3
Telecommunication 20.1 20.5 20.9 21.3 21.7
Travel 30.8 31.4 32.1 32.7 33.3
Utilities 18.8 19.1 19.5 19.9 20.3
Other Expense 1 50.9 51.9 53.0 54.0 55.1
Other Expense 2 - - - - -
Total Expenses 5,401.1 5,508.4 5,617.9 5,729.5 5,843.4
Earnings Before Interest & Taxes 390.6 375.2 359.1 342.4 324.9

Interest Expense 30.0 2.5 2.5 2.5 2.5

Earnings Before Taxes 360.6 372.7 356.6 339.9 322.4

Income Taxes 108.2 111.8 107.0 102.0 96.7

Net Earnings 252.4 260.9 249.7 237.9 225.7
This file is for educational purposes only. E&OE

Corporate Finance Institute®

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