{"_id": "dd2af2336", "title": "", "text": "6) Africa, Middle East and South Asia (AMESA), which includes all of our beverage and convenient food businesses in\nAfrica, the Middle East and South Asia; and\n7) Asia Pacific, Australia and New Zealand and China Region (APAC), which includes all of our beverage and convenient\nfood businesses in Asia Pacific, Australia and New Zealand, and China region.\n\n6) Africa, Middle East South Asia (AMESA), includes all our beverage convenient food businesses in\n Africa, Middle East South Asia;\n 7) Asia Pacific, Australia New Zealand China Region (APAC), includes all our beverage convenient\n food businesses in Asia Pacific, Australia New Zealand, China region."}
{"_id": "dd2acf5c0", "title": "", "text": "We derive a significant portion of our revenues from a limited number of commercial airlines.\n\nWe derive significant portion of revenues from limited number commercial airlines."}
{"_id": "dd2ad12e4", "title": "", "text": "THE COCA-COLA COMPANY AND SUBSIDIARIES\nCONSOLIDATED STATEMENTS OF CASH FLOWS\n(In millions)\nYear Ended December 31,\n2022\n2021\n2020\nOperating Activities\n \n \nConsolidated net income\n$\n9,571 $\n9,804 $\n7,768 \nDepreciation and amortization\n1,260 \n1,452 \n1,536 \nStock-based compensation expense\n356 \n337 \n126 \nDeferred income taxes\n(122)\n894 \n(18)\nEquity (income) loss net of dividends\n(838)\n(615)\n(511)\nForeign currency adjustments\n203 \n86 \n(88)\nSignificant (gains) losses net\n(129)\n(1,365)\n(914)\nOther operating charges\n1,086 \n506 \n556 \nOther items\n236 \n201 \n699 \nNet change in operating assets and liabilities\n(605)\n1,325 \n690 \nNet Cash Provided by Operating Activities\n11,018 \n12,625 \n9,844 \nInvesting Activities\n \n \nPurchases of investments\n(3,751)\n(6,030)\n(13,583)\nProceeds from disposals of investments\n4,771 \n7,059 \n13,835 \nAcquisitions of businesses, equity method investments and nonmarketable securities\n(73)\n(4,766)\n(1,052)\nProceeds from disposals of businesses, equity method investments and nonmarketable securities\n458 \n2,180 \n189 \nPurchases of property, plant and equipment\n(1,484)\n(1,367)\n(1,177)\nProceeds from disposals of property, plant and equipment\n75 \n108 \n189 \nCollateral (paid) received associated with hedging activities net\n(1,465)\n \n \nOther investing activities\n706 \n51 \n122 \nNet Cash Provided by (Used in) Investing Activities\n(763)\n(2,765)\n(1,477)\nFinancing Activities\n \n \nIssuances of debt\n3,972 \n13,094 \n26,934 \nPayments of debt\n(4,930)\n(12,866)\n(28,796)\nIssuances of stock\n837 \n702 \n647 \nPurchases of stock for treasury\n(1,418)\n(111)\n(118)\nDividends\n(7,616)\n(7,252)\n(7,047)\nOther financing activities\n(1,095)\n(353)\n310 \nNet Cash Provided by (Used in) Financing Activities\n(10,250)\n(6,786)\n(8,070)\nEffect of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and\n Restricted Cash Equivalents\n(205)\n(159)\n76 \nCash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents\n \n \nNet increase (decrease) in cash, cash equivalents, restricted cash and restricted cash\n equivalents during the year\n(200)\n2,915 \n373 \nCash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year\n10,025 \n7,110 \n6,737 \nCash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at End of Year\n9,825 \n10,025 \n7,110 \nLess: Restricted cash and restricted cash equivalents at end of year\n306 \n341 \n315 \nCash and Cash Equivalents at End of Year\n$\n9,519 $\n9,684 $\n6,795 \nRefer to Notes to Consolidated Financial Statements.\n64\n\nCOCA-COLA COMPANY SUBSIDIARIES\n CONSOLIDATED STATEMENTS CASH FLOWS\n millions\n Ended December 31,\n 2022\n 2021\n 2020\n Operating Activities\n Consolidated net income\n 9,571 $\n $\n 7,768\n Depreciation amortization\n 1,260\n 1,452\n 1,536\n Stock-based compensation expense\n 356\n 337\n 126\n Deferred income taxes\n (122)\n 894\n Equity (income loss dividends\n (838)\n (615)\n (511)\n Foreign currency adjustments\n 203\n 86\n (88)\n Significant (gains losses\n (129)\n (1,365)\n (914)\n operating charges\n 1,086\n 506\n Other items\n 236\n 201\n 699\n Net change operating assets liabilities\n (605)\n 1,325\n 690\n Net Cash Operating Activities\n 11,018\n 12,625\n 9,844\n Investing Activities\n Purchases investments\n (3,751)\n (6,030)\n (13,583)\n Proceeds disposals investments\n 4,771\n 7,059\n 13,835\n Acquisitions businesses equity investments nonmarketable securities\n (73\n (4,766)\n (1,052)\n Proceeds disposals businesses\n 458\n 2,180\n 189\n Purchases property plant equipment\n (1,484)\n (1,367)\n (1,177)\n Proceeds disposals property plant equipment\n 75 108 189 Collateral (paid hedging activities\n (1,465)\n Other investing activities\n 706\n 51\n 122\n Net Cash Investing Activities\n (763)\n (2,765)\n (1,477)\n Financing Activities\n Issuances debt\n 13,094\n 26,934\n Payments debt\n (4,930)\n (12,866)\n (28,796)\n Issuances stock\n 837\n\n Purchases stock treasury\n (1,418)\n (111)\n (118)\n Dividends\n (7,616)\n (7,252)\n (7,047)\n Other financing activities\n (1,095)\n (353)\n 310\n Net Cash Financing Activities\n (10,250)\n (6,786)\n (8,070)\n Effect Exchange Rate Changes on Cash Equivalents Restricted Cash\n Cash Equivalents\n (205)\n (159)\n 76\n Cash Equivalents Restricted Cash Equivalents\n Net increase (decrease) cash cash equivalents restricted cash cash\n equivalents during year\n (200)\n 2,915\n 373\n Cash cash equivalents restricted cash equivalents beginning year\n 10,025\n 7,110\n 6,737\n Cash Cash Equivalents Restricted Cash Equivalents End of Year\n 9,825\n 10,025\n 7,110\n Less Restricted cash cash equivalents end of year\n 306\n 341\n 315\n Cash Cash Equivalents End of Year\n $\n 9,519 $\n 9,684 $\n 6,795\n Refer Notes Consolidated Financial Statements.\n 64"}
{"_id": "dd2af3272", "title": "", "text": "Note 3 Restructuring and Impairment Charges\n2019 Multi-Year Productivity Plan\nWe publicly announced a multi-year productivity plan on February 15, 2019 (2019 Productivity Plan) that will leverage new\ntechnology and business models to further simplify, harmonize and automate processes; re-engineer our go-to-market and\ninformation systems, including deploying the right automation for each market; and simplify our organization and optimize our\nmanufacturing and supply chain footprint. To build on the successful implementation of the 2019 Productivity Plan, in the fourth\nquarter of 2022, we expanded and extended the plan through the end of 2028 to take advantage of additional opportunities within\nthe initiatives described above. As a result, we expect to incur pre-tax charges of approximately $3.65 billion, including cash\nexpenditures of approximately $2.9 billion. These pre-tax charges are expected to consist of approximately 55% of severance and\nother employee-related costs, 10% for asset impairments (all non-cash) resulting from plant closures and related actions and 35%\nfor other costs associated with the implementation of our initiatives.\nThe total plan pre-tax charges are expected to be incurred by division approximately as follows:\nFLNA\nQFNA\nPBNA\nLatAm\nEurope\nAMESA\nAPAC\nCorporate\nExpected pre-tax charges\n15 %\n1 %\n25 %\n10 %\n25 %\n5 %\n4 %\n15 %\nA summary of our 2019 Productivity Plan charges is as follows:\n2022\n2021\n2020\nCost of sales\n$\n33 \n$\n29 $\n30 \nSelling, general and administrative expenses\n347 \n208 \n239 \nOther pension and retiree medical benefits expense\n31 \n10 \n20 \nTotal restructuring and impairment charges\n$\n411 \n$\n247 $\n289\n\nNote 3 Restructuring Impairment Charges\n 2019 Multi-Year Productivity Plan\n announced multi-year productivity plan February 15, 2019 (2019 Productivity Plan) leverage new\n technology business models to simplify harmonize automate processes re-engineer go-to-market\n information systems deploying right automation for each market simplify organization optimize\n manufacturing supply chain footprint. build on successful implementation 2019 Productivity Plan fourth\n quarter of 2022 expanded extended plan through end of 2028 take advantage additional opportunities within\n initiatives described above. expect to incur pre-tax charges of approximately $3. 65 billion including cash\n expenditures of approximately $2. 9 billion. pre-tax charges expected consist approximately 55% of severance\n other employee-related costs 10% for asset impairments (all non-cash) from plant closures related actions 35%\n for other costs associated with implementation initiatives.\n total plan pre-tax charges expected incurred by division follows:\n FLNA\n QFNA\n PBNA\n LatAm\n Europe\n AMESA\n APAC\n Corporate\n Expected pre-tax charges\n 15 %\n 1 %\n 25 %\n 10 %\n 25 %\n 5 %\n 4 %\n 15 %\n summary of 2019 Productivity Plan charges:\n 2022\n 2021\n 2020\n Cost of sales\n $\n 33\n $\n 29 $\n 30\n Selling, general administrative expenses\n 347\n 208\n 239\n Other pension retiree medical benefits expense\n 31\n 10\n 20\n Total restructuring and impairment charges\n $\n 411\n $\n 247 $\n 289"}
{"_id": "dd2ade412", "title": "", "text": "Table of Contents\nLockheed Martin Corporation\nConsolidated Balance Sheets\n(in millions, except par value)\n \n \nDecember 31,\n2020\n2019\nAssets\nCurrent assets\nCash and cash equivalents\n$\n3,160 \n$\n1,514 \nReceivables, net\n1,978 \n2,337 \nContract assets\n9,545 \n9,094 \nInventories\n3,545 \n3,619 \nOther current assets\n1,150 \n531 \nTotal current assets\n19,378 \n17,095 \nProperty, plant and equipment, net\n7,213 \n6,591 \nGoodwill\n10,806 \n10,604 \nIntangible assets, net\n3,012 \n3,213 \nDeferred income taxes\n3,475 \n3,319 \nOther noncurrent assets\n6,826 \n6,706 \nTotal assets\n$\n50,710 \n$\n47,528 \nLiabilities and equity\nCurrent liabilities\nAccounts payable\n$\n880 \n$\n1,281 \nContract liabilities\n7,545 \n7,054 \nSalaries, benefits and payroll taxes\n3,163 \n2,466 \nCurrent maturities of long-term debt\n500 \n1,250 \nOther current liabilities\n1,845 \n1,921 \nTotal current liabilities\n13,933 \n13,972 \nLong-term debt, net\n11,669 \n11,404 \nAccrued pension liabilities\n12,874 \n13,234 \nOther noncurrent liabilities\n6,196 \n5,747 \nTotal liabilities\n44,672 \n44,357 \nStockholders equity\nCommon stock, $1 par value per share\n279 \n280 \nAdditional paid-in capital\n221 \n \nRetained earnings\n21,636 \n18,401 \nAccumulated other comprehensive loss\n(16,121)\n(15,554)\nTotal stockholders equity\n6,015 \n3,127 \nNoncontrolling interests in subsidiary\n23 \n44 \nTotal equity\n6,038 \n3,171 \nTotal liabilities and equity\n$\n50,710 \n$\n47,528 \nThe accompanying notes are an integral part of these consolidated financial statements.\n69\n\nContents\n Lockheed Martin Corporation\n Consolidated Balance Sheets\n millions except value\n December 31,\n 2020\n 2019\n Current\n Cash cash equivalents\n 3,160\n 1,514\n Receivables\n 1,978\n 2,337\n Contract assets\n 9,545\n 9,094\n Inventories\n 3,545\n 3,619\n Other current assets\n 1,150\n 531\n Total assets\n 19,378\n 17,095\n Property plant equipment\n 7,213\n 6,591\n Goodwill\n 10,806\n 10,604\n Intangible assets\n 3,213\n Deferred income taxes\n 3,319\n noncurrent assets\n Total assets\n 50,710\n 47,528\n Liabilities equity\n Current liabilities\n Accounts payable\n 880\n 1,281\n Contract liabilities\n 7,545\n 7,054\n Salaries benefits payroll taxes\n 3,163\n 2,466\n long-term debt\n 500 1,250\n current liabilities\n 1,845\n 1,921\n Total liabilities\n 13,933\n 13,972\n Long-term debt\n 11,669\n 11,404\n Accrued pension liabilities\n 12,874\n 13,234\n noncurrent liabilities\n 6,196\n 5,747\n Total liabilities\n 44,672\n 44,357\n Stockholders equity\n Common stock $1 par value share\n 279\n Additional paid-in capital\n 221\n Retained earnings\n 21,636\n 18,401\n Accumulated comprehensive loss\n (16,121)\n (15,554\n Total stockholders equity\n 6,015\n 3,127\n Noncontrolling interests subsidiary\n 23 Total equity\n 3,171\n Total liabilities equity\n 50,710\n 47,528\n accompanying notes integral part consolidated financial statements.\n 69"}
{"_id": "dd2b02da8", "title": "", "text": "Ulta Beauty, Inc.\nConsolidated Statements of Cash Flows\nFiscal year ended\nJanuary 28,\nJanuary 29,\nJanuary 30,\n(In thousands)\n2023\n \n2022\n \n2021\nOperating activities\nNet income\n$\n1,242,408\n$\n985,837\n$\n175,835\nAdjustments to reconcile net income to net cash provided by operating activities:\nDepreciation and amortization\n241,372\n268,460\n297,772\nNon-cash lease expense\n301,912\n276,229\n268,071\nLong-lived asset impairment charge\n\n\n72,533\nDeferred income taxes\n15,653\n(25,666)\n(24,008)\nStock-based compensation expense\n43,044\n47,259\n27,583\nLoss on disposal of property and equipment\n6,688\n5,358\n6,827\nChange in operating assets and liabilities:\nReceivables\n34,260\n(40,573)\n(53,772)\nMerchandise inventories\n(104,233)\n(331,003)\n125,486\nPrepaid expenses and other current assets\n(19,432)\n(3,412)\n(4,363)\nIncome taxes\n(45,182)\n(35,652)\n58,916\nAccounts payable\n8,309\n66,156\n62,324\nAccrued liabilities\n48,249\n58,598\n58,599\nDeferred revenue\n41,098\n79,196\n36,848\nOperating lease liabilities\n(324,500)\n(303,914)\n(297,513)\nOther assets and liabilities\n(7,731)\n12,392\n(783)\nNet cash provided by operating activities\n1,481,915\n1,059,265\n810,355\nInvesting activities\nProceeds from short-term investments\n\n\n110,000\nCapital expenditures\n(312,126)\n(172,187)\n(151,866)\nAcquisitions, net of cash acquired\n\n\n(1,220)\n\nUlta Beauty.\n Consolidated Statements Cash\n Fiscal year\n January 28,\n 29, 30\n 2023\n 2022\n 2021\n Operating\n Net income\n 1,242,408\n 985,837\n 175,835\n Adjustments net income activities\n Depreciation amortization\n 241,372\n 268,460\n,772\n Non-cash lease expense\n 301,912\n 276,229\n 268,071\n Long-lived impairment charge\n 72,533\n Deferred income taxes\n 15,653\n (25,666\n (24,008\n Stock compensation expense\n 43,044\n 47,259\n 27,583\n Loss disposal property equipment\n 6,688\n 5,358\n operating assets liabilities\n Receivables\n 34,260\n (40,573)\n (53,772\n Merchandise inventories\n (104,233\n (331,003)\n 125,486\n Prepaid expenses current assets\n (19,432)\n (3,412)\n (4,363\n Income taxes\n (45,182)\n (35,652)\n 58,916\n Accounts payable\n 8,309\n 66,156\n 62,324\n Accrued liabilities\n 48,249\n 58,598\n 58,599\n Deferred revenue\n 41,098\n 79,196\n 36,848\n Operating lease liabilities\n (324,500)\n (303,914)\n (297,513)\n Other assets liabilities\n (7,731) 12,392\n Net cash operating activities\n 1,481,915\n 1,059,265\n 810,355\n Investing activities\n short-term investments\n 110,000\n Capital expenditures\n (312,126)\n (172,187)\n (151,866)\n Acquisitions cash\n (1,220)"}
{"_id": "dd2aeab5e", "title": "", "text": "Table of Contents\nNETFLIX, INC.\nCONSOLIDATED STATEMENTS OF CASH FLOWS\n(in thousands)\n \n \nYear Ended December 31,\n \n \n2015\n \n2014\n \n2013\nCash flows from operating activities:\n \n \n \nNet income\n $\n122,641 $\n266,799 $\n112,403\nAdjustments to reconcile net income to net cash (used in) provided by operating activities:\n \n \n \nAdditions to streaming content assets\n \n(5,771,652) \n(3,773,019) \n(3,030,701)\nChange in streaming content liabilities\n \n1,162,413 \n593,125 \n673,785\nAmortization of streaming content assets\n \n3,405,382 \n2,656,279 \n2,121,981\nAmortization of DVD content assets\n \n79,380 \n71,491 \n71,325\nDepreciation and amortization of property, equipment and intangibles\n \n62,283 \n54,028 \n48,374\nStock-based compensation expense\n \n124,725 \n115,239 \n73,100\nExcess tax benefits from stock-based compensation\n \n(80,471) \n(89,341) \n(81,663)\nOther non-cash items\n \n31,628 \n15,282 \n5,332\nLoss on extinguishment of debt\n \n \n \n25,129\nDeferred taxes\n \n(58,655) \n(30,063) \n(22,044)\nChanges in operating assets and liabilities:\n \n \n \nOther current assets\n \n18,693 \n(9,198) \n43,177\nAccounts payable\n \n51,615 \n83,812 \n18,374\nAccrued expenses\n \n48,810 \n55,636 \n1,941\nDeferred revenue\n \n72,135 \n58,819 \n46,295\nOther non-current assets and liabilities\n \n(18,366) \n(52,406) \n(8,977)\nNet cash (used in) provided by operating activities\n \n(749,439) \n16,483 \n97,831\nCash flows from investing activities:\n \n \n \nAcquisition of DVD content assets\n \n(77,958) \n(74,790) \n(65,927)\nPurchases of property and equipment\n \n(91,248) \n(69,726) \n(54,143)\nOther assets\n \n(1,912) \n1,334 \n5,939\nPurchases of short-term investments\n \n(371,915) \n(426,934) \n(550,264)\nProceeds from sale of short-term investments\n \n259,079 \n385,300 \n347,502\nProceeds from maturities of short-term investments\n \n104,762 \n141,950 \n60,925\nNet cash used in investing activities\n \n(179,192) \n(42,866) \n(255,968)\nCash flows from financing activities:\n \n \n \nProceeds from issuance of common stock\n \n77,980 \n60,544 \n124,557\nProceeds from issuance of debt\n \n1,500,000 \n400,000 \n500,000\nIssuance costs\n \n(17,629) \n(7,080) \n(9,414)\nRedemption of debt\n \n \n \n(219,362)\nExcess tax benefits from stock-based compensation\n \n80,471 \n89,341 \n81,663\nPrincipal payments of lease financing obligations\n \n(545) \n(1,093) \n(1,180)\nNet cash provided by financing activities\n \n1,640,277 \n541,712 \n476,264\nEffect of exchange rate changes on cash and cash equivalents\n \n(15,924) \n(6,686) \n(3,453)\nNet increase in cash and cash equivalents\n \n695,722 \n508,643 \n314,674\nCash and cash equivalents, beginning of year\n \n1,113,608 \n604,965 \n290,291\nCash and cash equivalents, end of year\n $\n1,809,330 $\n1,113,608 $\n604,965\nSupplemental disclosure:\n \n \n \nIncome taxes paid\n $\n27,658 $\n50,573 $\n7,465\nInterest paid\n \n111,761 \n41,085 \n19,114\nInvesting activities included in liabilities\n \n18,824 \n23,802 \n11,508\nSee accompanying notes to consolidated financial statements.\n40\n\nTable Contents\n.\n CONSOLIDATED STATEMENTS CASH FLOWS\n thousands Ended December 31,\n 2015\n 2014\n 2013\n Cash flows operating activities\n Net income\n $ 122,641 $\n 266,799 $\n 112,403\n Adjustments reconcile net income cash\n Additions streaming content assets\n (5,771,652)\n (3,773,019)\n (3,030,701)\n Change streaming content liabilities\n 1,162,413\n 593,125\n,785\n Amortization assets\n,382\n 2,656,279\n 2,121,981\n Amortization DVD content assets\n 79,380\n 71,491\n 71,325\n Depreciation amortization property equipment intangibles\n 62,283\n 54,028\n 48,374\n Stock-based compensation expense\n 124,725\n 115,239\n 73,100\n Excess tax benefits stock compensation\n (80,471)\n (89,341)\n (81,663)\n Other non-cash items\n 31,628\n 15,282\n 5,332\n Loss on extinguishment debt\n 25,129\n Deferred taxes\n (58,655)\n (30,063)\n (22,044)\n Changes operating assets liabilities\n Other current assets\n 18,693\n (9,198)\n 43,177\n Accounts payable\n 51,615\n 83,812\n 18,374\n Accrued expenses\n 48,810\n 55,636\n 1,941\n Deferred revenue\n 72,135\n 58,819\n 46,295\n Other non-current assets liabilities\n (18,366)\n (52,406)\n (8,977)\n Net cash activities\n (749,439)\n 16,483\n 97,831\n Cash flows from investing activities\n Acquisition DVD content assets\n(77,958)\n (74,790)\n (65,927)\n Purchases property equipment\n (91,248)\n (69,726)\n (54,143)\n assets (1,912)\n 1,334\n Purchases short-term investments\n (371,915)\n (426,934)\n (550,264)\n Proceeds sale short-term investments\n 259,079\n,300\n 347,502\n Proceeds maturities short-term investments\n 104,762\n 141,950\n 60,925\n Net cash investing activities\n (179,192)\n (42,866)\n (255,968)\n Cash flows financing activities\n Proceeds issuance common stock\n 77,980\n 60,544\n 124,557\n Proceeds issuance debt\n 1,500,000\n 400,000\n Issuance costs (17,629)\n (7,080)\n (9,414)\n Redemption debt\n (219,362)\n Excess tax benefits stock-based compensation\n 80,471\n 89,341\n 81,663\n Principal payments lease financing obligations\n (545) (1,093)\n (1,180)\n Net cash financing activities\n 1,640,277\n 541,712\n 476,264\n exchange rate changes cash cash equivalents\n (15,924)\n (6,686)\n (3,453)\n increase cash cash equivalents\n,722\n 508,643\n 314,674\n Cash cash equivalents beginning year\n 1,113,608\n 604,965\n 290,291\n Cash equivalents end year\n 1,809,330\n 1,113,608 $\n 604,965\n Supplemental disclosure\n Income taxes paid\n 27,658 $\n 50,573 $\n 7,465\n Interest\n 111,761\n 41,085\n 19,114\n Investing activities liabilities\n 18,824\n 23,802\n 11,508\n consolidated financial statements.\n 40"}
{"_id": "dd2af9b04", "title": "", "text": "As of December 31,\n(MILLIONS, EXCEPT PER COMMON SHARE DATA)\n2021\n2020\nAssets\nCash and cash equivalents\n$\n1,944 \n$\n1,786 \nShort-term investments\n29,125 \n10,437 \nTrade accounts receivable, less allowance for doubtful accounts: 2021$492; 2020$508\n11,479 \n7,913 \nInventories\n9,059 \n8,020 \nCurrent tax assets\n4,266 \n3,264 \nOther current assets\n3,820 \n3,646 \nTotal current assets\n59,693 \n35,067 \nEquity-method investments\n16,472 \n16,856 \nLong-term investments\n5,054 \n3,406 \nProperty, plant and equipment\n14,882 \n13,745\n\nDecember 31,\n COMMON SHARE DATA\n 2021\n 2020\n Assets\n Cash equivalents\n $\n 1,944\n 1,786\n Short-term investments\n 29,125\n 10,437\n Trade accounts doubtful 2021$492 2020$508\n 11,479\n Inventories\n 9,059\n 8,020\n Current tax assets\n 4,266\n 3,264\n Other assets\n 3,820\n 3,646\n Total assets\n 59,693\n 35,067\n Equity-method investments\n 16,472\n 16,856\n Long-term investments\n 5,054\n 3,406\n Property plant equipment\n 14,882\n 13,745"}
{"_id": "dd2ade854", "title": "", "text": "Table of Contents\nLockheed Martin Corporation\nConsolidated Balance Sheets\n(in millions, except par value)\n \n \nDecember 31,\n2021\n2020\nAssets\nCurrent assets\nCash and cash equivalents\n$\n3,604 \n$\n3,160 \nReceivables, net\n1,963 \n1,978 \nContract assets\n10,579 \n9,545 \nInventories\n2,981 \n3,545 \nOther current assets\n688 \n1,150 \nTotal current assets\n19,815 \n19,378 \nProperty, plant and equipment, net\n7,597 \n7,213 \nGoodwill\n10,813 \n10,806 \nIntangible assets, net\n2,706 \n3,012 \nDeferred income taxes\n2,290 \n3,475 \nOther noncurrent assets\n7,652 \n6,826 \nTotal assets\n$\n50,873 \n$\n50,710 \nLiabilities and equity\nCurrent liabilities\nAccounts payable\n$\n780 \n$\n880 \nSalaries, benefits and payroll taxes\n3,108 \n3,163 \nContract liabilities\n8,107 \n7,545 \nCurrent maturities of long-term debt\n6 \n500 \nOther current liabilities\n1,996 \n1,845 \nTotal current liabilities\n13,997 \n13,933 \nLong-term debt, net\n11,670 \n11,669 \nAccrued pension liabilities\n8,319 \n12,874 \nOther noncurrent liabilities\n5,928 \n6,196 \nTotal liabilities\n39,914 \n44,672 \nStockholders equity\nCommon stock, $1 par value per share\n271 \n279 \nAdditional paid-in capital\n94 \n221 \nRetained earnings\n21,600 \n21,636 \nAccumulated other comprehensive loss\n(11,006)\n(16,121)\nTotal stockholders equity\n10,959 \n6,015 \nNoncontrolling interests in subsidiary\n \n23 \nTotal equity\n10,959 \n6,038 \nTotal liabilities and equity\n$\n50,873 \n$\n50,710 \nThe accompanying notes are an integral part of these consolidated financial statements.\n68\n\nContents\n Lockheed Martin Corporation\n Consolidated Balance Sheets\n millions except value\n December 31,\n 2021\n 2020 Assets Current assets\n Cash cash equivalents\n $\n 3,604\n 3,160\n Receivables\n 1,963\n 1,978\n Contract assets\n 10,579\n Inventories\n 2,981\n 3,545\n Other current assets\n 688\n 1,150\n Total current assets\n 19,815\n 19,378\n Property plant equipment net\n 7,597\n 7,213\n Goodwill\n 10,813\n 10,806\n Intangible assets\n 2,706\n Deferred income taxes\n 2,290\n noncurrent assets\n 7,652\n Total assets\n 50,873\n 50,710\n Liabilities equity\n Current liabilities\n Accounts payable\n 780\n 880\n Salaries benefits payroll taxes\n 3,108\n 3,163\n Contract liabilities\n 8,107\n 7,545\n long-term debt\n 6 current liabilities\n 1,996\n 1,845\n Total current liabilities\n 13,997\n 13,933\n Long-term debt\n 11,670\n 11,669\n Accrued pension liabilities\n 8,319\n 12,874\n noncurrent liabilities\n 6,196\n Total liabilities\n 39,914\n 44,672\n Stockholders equity\n Common stock $1 par value share\n 271\n 279 Additional paid-in capital\n Retained earnings\n 21,600\n 21,636\n Accumulated comprehensive loss\n (11,006)\n (16,121\n Total stockholders equity\n 10,959\n Noncontrolling interests subsidiary\n 23 Total equity\n 10,959\n 6,038\n liabilities equity\n 50,873\n 50,710\n accompanying notes integral consolidated financial statements.\n 68"}
{"_id": "dd2ad7824", "title": "", "text": "50 \n \nConsolidated Balance Sheets \nGENERAL MILLS, INC. AND SUBSIDIARIES \n(In Millions, Except Par Value) \n \nMay 31, 2020 \nMay 26, 2019 \nASSETS \n \n \n \n \nCurrent assets: \n \n \n \n \nCash and cash equivalents \n$ \n1,677.8 $ \n450.0 \nReceivables \n \n1,615.1 \n1,679.7 \nInventories \n \n1,426.3 \n1,559.3 \nPrepaid expenses and other current assets \n \n402.1 \n497.5 \nTotal current assets \n \n5,121.3 \n4,186.5 \nLand, buildings, and equipment \n \n3,580.6 \n3,787.2 \nGoodwill \n \n13,923.2 \n13,995.8 \nOther intangible assets \n \n7,095.8 \n7,166.8 \nOther assets \n \n1,085.8 \n974.9 \nTotal assets \n$ \n30,806.7 $ \n30,111.2 \n \n \n \n \n \nLIABILITIES AND EQUITY \n \n \n \n \nCurrent liabilities: \n \n \n \n \nAccounts payable \n$ \n3,247.7 $ \n2,854.1 \nCurrent portion of long-term debt \n \n2,331.5 \n1,396.5 \nNotes payable \n \n279.0 \n1,468.7 \nOther current liabilities \n \n1,633.3 \n1,367.8 \nTotal current liabilities \n \n7,491.5 \n7,087.1 \nLong-term debt \n \n10,929.0 \n11,624.8 \nDeferred income taxes \n \n1,947.1 \n2,031.0 \nOther liabilities \n \n1,545.0 \n1,448.9 \nTotal liabilities \n \n21,912.6 \n22,191.8 \nRedeemable interest \n \n544.6 \n551.7 \nStockholders' equity: \n \n \n \n \nCommon stock, 754.6 shares issued, $0.10 par value \n \n75.5 \n75.5 \nAdditional paid-in capital \n \n1,348.6 \n1,386.7 \nRetained earnings \n \n15,982.1 \n14,996.7 \nCommon stock in treasury, at cost, shares of 144.8 and 152.7 \n \n(6,433.3) \n(6,779.0)\nAccumulated other comprehensive loss \n \n(2,914.4) \n(2,625.4)\nTotal stockholders' equity \n \n8,058.5 \n7,054.5 \nNoncontrolling interests \n \n291.0 \n313.2 \nTotal equity \n \n8,349.5 \n7,367.7 \nTotal liabilities and equity \n$ \n30,806.7 $ \n30,111.2 \nSee accompanying notes to consolidated financial statements.\n\n50\n Consolidated Balance Sheets\n GENERAL MILLS INC. SUBSIDIARIES\n Millions Value\n May 31, 2020\n 26, 2019\n Current assets\n Cash cash equivalents\n $ 1,677. 8 $\n 450.\n Receivables\n 1,615. 1\n 1,679. 7\n Inventories\n 1,426. 3\n 1,559.\n Prepaid expenses current assets\n 402. 1\n 497.\n Total current assets\n 5,121. 3\n 4,186.\n Land buildings equipment\n 3,580. 6\n 3,787.\n Goodwill\n 13,923. 2\n 13,995. 8\n Other intangible assets\n 7,095. 8\n 7,166.\n assets\n 1,085. 8\n 974. 9\n Total assets\n $\n 30,806.\n 30,111. 2\n LIABILITIES EQUITY\n Current liabilities\n Accounts payable\n $ 3,247.\n 2,854.\n Current portion long-term debt\n 2,331. 5\n 1,396.\n Notes payable\n.\n 1,468. 7\n current liabilities\n 1,633. 3\n 1,367. 8\n Total current liabilities\n 7,491.\n 7,087.\n Long-term debt\n 10,929.\n 11,624.\n Deferred income taxes\n 1,947. 1\n 2,031.\n Other liabilities\n 1,545.\n 1,448. 9\n Total liabilities\n 21,912. 6\n 22,191. 8\n Redeemable interest\n 544. 6\n 551.\n Stockholders' equity\n Common stock. 6 shares issued $0. 10 value\n 75. 5\n.\n Additional paid-in capital\n 1,348. 6\n 1,386. 7\n Retained earnings\n 15,982. 1\n14,996. 7\n Common stock treasury shares 144. 8 152. 7\n (6,433. 3)\n (6,779. 0)\n Accumulated loss\n (2,914. 4)\n (2,625. 4)\n Total stockholders' equity\n. 5\n 7,054. 5\n Noncontrolling interests\n 291. 0\n 313. 2\n equity\n 8,349. 5\n 7,367. 7\n liabilities equity\n $ 30,806. 7 $\n 30,111. 2\n consolidated financial statements."}
{"_id": "dd2ac04a8", "title": "", "text": "Table of Contents\nAMAZON.COM, INC.\nCONSOLIDATED STATEMENTS OF OPERATIONS\n(in millions, except per share data)\n \n \nYear Ended December 31,\n \n2017\n \n2018\n \n2019\nNet product sales\n$\n118,573 $\n141,915 $\n160,408\nNet service sales\n59,293 \n90,972 \n120,114\nTotal net sales\n177,866 \n232,887 \n280,522\nOperating expenses:\n \n \n \nCost of sales\n111,934 \n139,156 \n165,536\nFulfillment\n25,249 \n34,027 \n40,232\nTechnology and content\n22,620 \n28,837 \n35,931\nMarketing\n10,069 \n13,814 \n18,878\nGeneral and administrative\n3,674 \n4,336 \n5,203\nOther operating expense (income), net\n214 \n296 \n201\nTotal operating expenses\n173,760 \n220,466 \n265,981\nOperating income\n4,106 \n12,421 \n14,541\nInterest income\n202 \n440 \n832\nInterest expense\n(848) \n(1,417) \n(1,600)\nOther income (expense), net\n346 \n(183) \n203\nTotal non-operating income (expense)\n(300) \n(1,160) \n(565)\nIncome before income taxes\n3,806 \n11,261 \n13,976\nProvision for income taxes\n(769) \n(1,197) \n(2,374)\nEquity-method investment activity, net of tax\n(4) \n9 \n(14)\nNet income\n$\n3,033 $\n10,073 $\n11,588\nBasic earnings per share\n$\n6.32 $\n20.68 $\n23.46\nDiluted earnings per share\n$\n6.15 $\n20.14 $\n23.01\nWeighted-average shares used in computation of earnings per share:\n \n \n \nBasic\n480 \n487 \n494\nDiluted\n493 \n500 \n504\nSee accompanying notes to consolidated financial statements.\n38\n\nTable Contents\n.\n CONSOLIDATED STATEMENTS OPERATIONS\n millions share data\n Ended December 31,\n 2017\n 2018\n 2019\n Net product sales\n $ 118,573 $\n 141,915 $\n 160,408\n service sales\n 59,293\n 90,972\n 120,114\n Total net sales\n 177,866\n,887\n 280,522\n Operating expenses\n Cost sales\n 111,934\n 139,156\n 165,536\n Fulfillment\n 25,249\n 34,027\n 40,232\n Technology content\n 22,620\n 28,837\n 35,931\n Marketing 10,069\n 13,814\n 18,878\n General administrative\n 3,674\n 4,336\n 5,203\n Other operating expense\n 214\n 296\n Total operating expenses\n 173,760\n 220,466\n 265,981\n Operating income\n 4,106\n 12,421\n 14,541\n Interest income\n 202 832\n Interest expense\n (848)\n (1,417)\n (1,600)\n Other income\n 346\n (183)\n non income (expense\n (300)\n (1,160)\n (565) Income before income taxes\n 3,806\n 11,261\n 13,976\n Provision income taxes\n (769)\n (1,197)\n (2,374)\n Equity-method investment activity net tax\n 9 Net income\n $\n 10,073 $\n 11,588\n Basic earnings per share\n 6. 32 $\n 20. 68 $\n 23.\n Diluted earnings per share\n 6. 15 $\n. 14 $\n.\n Weighted-average shares computation earnings per share\n 480\n 487\n Diluted\n 493\n 500\n 504\n notes consolidated financial statements.\n 38"}
{"_id": "dd2ac8626", "title": "", "text": "iscal 2024 was primarily driven by comparable sales declines in appliances, home theater, \ncomputing and mobile phones, partially offset by comparable sales growth in gaming. Online revenue of $2.8 billion and $5.5 billion in the second quarter and \nfirst six months of fiscal 2024 decreased 7.1% and 9.7% on a comparable basis, respectively. These decreases in revenue were primarily due to the reasons \ndescribed above and within the Consolidated Results section, above.\n \nDomestic segment stores open at the beginning and end of the second quarters of fiscal 2024 and fiscal 2023 were as follows:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nFiscal 2024\n \nFiscal 2023\n \nTotal Stores at \nBeginning of \nSecond Quarter \nStores \nOpened\n \nStores \nClosed\n \nTotal Stores at \nEnd of Second \nQuarter\n \nTotal Stores at \nBeginning of \nSecond Quarter \nStores \nOpened\n \nStores \nClosed\n \nTotal Stores at \nEnd of Second \nQuarter\nBest Buy\n \n 908 \n - \n (1) \n 907 \n 931 \n 1 \n (2) \n 930 \nOutlet Centers\n \n 20 \n 1 \n (1) \n 20 \n 16 \n 2 \n - \n 18 \nPacific Sales\n \n 20 \n - \n - \n 20 \n 21 \n - \n - \n 21 \nYardbird\n \n 18 \n 4 \n - \n 22 \n 9 \n 4 \n - \n 13 \nTotal\n \n 966 \n 5 \n (2) \n 969 \n 977 \n 7 \n (2) \n 982\n\niscal 2024 driven by comparable sales declines in appliances home theater\n computing mobile phones offset by comparable sales growth in gaming. Online revenue of $2. 8 billion $5. 5 billion in second quarter\n first six months of fiscal 2024 decreased 7. 1% 9. 7% on comparable basis. decreases in revenue due to reasons\n described above Consolidated Results section.\n Domestic segment stores open beginning end of second quarters of fiscal 2024 fiscal 2023:\n Fiscal 2024\n Fiscal 2023\n Total Stores at\n Beginning of\n Second Quarter\n Stores\n Opened\n Stores\n Closed\n Total Stores at\n End of Second\n Quarter\n Total Stores at\n Beginning of\n Second Quarter\n Stores\n Opened\n Stores\n Closed\n Total Stores at\n End of Second\n Quarter\n Best Buy 908\n -\n (1) 907\n 931\n 1\n (2)\n 930\n Outlet Centers\n 20\n 1\n (1)\n 20\n 16\n 2\n -\n 18\n Pacific Sales\n 20\n -\n - 20\n 21\n -\n -\n 21\n Yardbird\n 18\n 4\n -\n 22\n 9\n 4\n -\n 13\n Total 966\n 5\n (2)\n 969 977 7\n (2)\n 982"}
{"_id": "dd2ac5296", "title": "", "text": "American Water Works Company, Inc. and Subsidiary Companies\nConsolidated Balance Sheets\n(In millions, except share and per share data)\nDecember 31, 2022\nDecember 31, 2021\nCAPITALIZATION AND LIABILITIES\nCapitalization:\n \n \nCommon stock ($0.01 par value; 500,000,000 shares authorized; 187,200,539 and 186,880,413 shares\nissued, respectively)\n$\n2 \n$\n2 \nPaid-in-capital\n6,824 \n6,781 \nRetained earnings\n1,267 \n925 \nAccumulated other comprehensive loss\n(23)\n(45)\nTreasury stock, at cost (5,342,477 and 5,269,324 shares, respectively)\n(377)\n(365)\nTotal common shareholders' equity\n7,693 \n7,298 \nLong-term debt\n10,926 \n10,341 \nRedeemable preferred stock at redemption value\n3 \n3 \nTotal long-term debt\n10,929 \n10,344 \nTotal capitalization\n18,622 \n17,642 \nCurrent liabilities:\n \n \nShort-term debt\n1,175 \n584 \nCurrent portion of long-term debt\n281 \n57 \nAccounts payable\n254 \n235 \nAccrued liabilities\n706 \n701 \nAccrued taxes\n49 \n176 \nAccrued interest\n91 \n88 \nLiabilities related to assets held for sale\n \n83 \nOther\n255 \n217 \nTotal current liabilities\n2,811 \n2,141\n\nAmerican Water Works Company. Subsidiary Companies\n Consolidated Balance Sheets\n millions share data\n December 31, 2022\n December 31, 2021\n CAPITALIZATION LIABILITIES\n Capitalization\n Common stock ($0. 01 par value 500,000,000 shares authorized 187,200,539 186,880,413 shares\n issued\n $\n 2\n Paid-in-capital\n Retained earnings\n 1,267\n 925\n Accumulated comprehensive loss\n (23)\n Treasury stock (5,342,477 5,269,324 shares\n (377\n (365 Total common shareholders' equity\n 7,298\n Long-term debt\n 10,926\n 10,341\n Redeemable preferred stock redemption value\n 3\n Total long-term debt\n 10,929\n 10,344\n Total capitalization\n 18,622\n 17,642\n Current liabilities\n Short-term debt\n 1,175\n 584\n Current long-term debt\n 281\n 57\n Accounts payable\n 254\n 235\n Accrued liabilities\n 706\n 701\n Accrued taxes\n 49\n 176\n interest\n 91\n 88\n Liabilities related assets sale\n 83\n Other 255\n 217\n Total current liabilities\n 2,811\n 2,141"}
{"_id": "dd2abf562", "title": "", "text": "Consolidated Statements of Operations\nYears ended December 31, 2022, 2021, and 2020\n2022\n2021\n2020\n(in millions, except per share amounts)\nRevenue:\nRegulated\n$\n3,538 \n$\n2,868 \n$\n2,661 \nNon-Regulated\n9,079 \n8,273 \n6,999 \nTotal revenue\n12,617 \n11,141 \n9,660 \nCost of Sales:\nRegulated\n(3,162)\n(2,448)\n(2,235)\nNon-Regulated\n(6,907)\n(5,982)\n(4,732)\nTotal cost of sales\n(10,069)\n(8,430)\n(6,967)\n\nConsolidated Statements Operations\n Years December 31, 2022 2021\n millions share amounts\n Revenue\n Regulated\n 3,538\n 2,868\n $\n 2,661\n Non-Regulated\n 9,079\n 8,273\n 6,999\n Total revenue\n 12,617\n 11,141\n 9,660\n Cost Sales\n Regulated\n (3,162)\n (2,448)\n (2,235\n Non-Regulated\n (6,907)\n (5,982)\n (4,732)\n Total cost sales\n (10,069)\n (8,430)\n (6,967)"}
{"_id": "dd2abbe1c", "title": "", "text": "3M Company and Subsidiaries\nConsolidated Statement of Income\nYears ended December 31\n(Millions, except per share amounts)\n2022\n2021\n2020\nNet sales\n$\n34,229 $\n35,355 $\n32,184\n\n3M Company Subsidiaries\n Consolidated Statement Income\n Years ended December 31\n (Millions share amounts\n 2022\n 2021\n Net sales\n 34,229 $\n 35,355 $\n 32,184"}
{"_id": "dd2adc82e", "title": "", "text": "The Firm grew TBVPS, ending the first quarter of 2021 at \n$66.56, up 10% versus the prior year.\n\nFirm grew TBVPS ending first quarter 2021 at\n $66. 56 up 10% versus prior year."}
{"_id": "dd2ac3734", "title": "", "text": "(Millions)\nUnited States\nEMEA\nAPAC\nLACC\nOther Unallocated\nConsolidated\n2022\nTotal revenues net of interest expense\n$\n41,396 \n$\n4,871 \n$\n3,835 \n$\n2,917 \n$\n(157)\n$\n52,862 \nPretax income (loss) from continuing operations\n10,383 \n550 \n376 \n500 \n(2,224)\n9,585 \n2021\nTotal revenues net of interest expense\n$\n33,103 \n$\n3,643 \n$\n3,418 \n$\n2,238 \n$\n(22)\n$\n42,380 \nPretax income (loss) from continuing operations\n10,325 \n460 \n420 \n494 \n(1,010)\n10,689 \n2020\nTotal revenues net of interest expense\n$\n28,263 \n$\n3,087 \n$\n3,271 \n$\n2,019 \n$\n(553)\n$\n36,087 \nPretax income (loss) from continuing operations\n5,422 \n187 \n328 \n273 \n(1,914)\n4,296\n\n(Millions\n United States\n EMEA\n APAC\n LACC\n Unallocated\n Consolidated\n 2022\n revenues net interest expense\n 41,396\n 4,871\n $ 3,835\n $ 2,917\n $ (157)\n 52,862\n Pretax income (loss continuing operations\n 10,383\n 550\n 376\n 500\n (2,224)\n 9,585 2021\n Total revenues net interest expense\n 33,103\n 3,643\n $ 2,238\n $ 42,380\n Pretax income (loss continuing operations\n 10,325\n 460\n 420\n (1,010)\n 10,689\n 2020\n Total revenues net interest expense\n 28,263\n 3,087\n $ 3,271\n 2,019\n $\n (553)\n 36,087\n Pretax income (loss) continuing operations\n 5,422\n 187\n 328\n 273\n (1,914)\n 4,296"}
{"_id": "dd2ae717a", "title": "", "text": "MGM China \n \n \nNet revenues of $674 million in the current year compared to $1.2 billion in the prior year, a \ndecrease of 44%;\n\nMGM China\n Net revenues $674 million current year compared to $1. 2 billion prior year,\n decrease of 44%;"}
{"_id": "dd2adcc02", "title": "", "text": "Overview\nJPMorgan Chase & Co. (JPMorgan Chase or the Firm, \nNYSE: JPM), a financial holding company incorporated under \nDelaware law in 1968, is a leading financial services firm \nbased in the United States of America (U.S.), with \noperations worldwide. JPMorgan Chase had $3.7 trillion in \nassets and $292.3 billion in stockholders equity as of \nDecember 31, 2022. The Firm is a leader in investment \nbanking, financial services for consumers and small \nbusinesses, commercial banking, financial transaction \nprocessing and asset management. Under the J.P. Morgan \nand Chase brands, the Firm serves millions of customers, \npredominantly in the U.S., and many of the worlds most \nprominent corporate, institutional and government clients \nglobally.\n\nOverview\n JPMorgan Chase & Co. (JPMorgan Chase or Firm\n NYSE: JPM), financial holding company incorporated under\n Delaware law 1968 leading financial services firm\n based in United States of America (U. S.\n operations worldwide. JPMorgan Chase had $3. 7 trillion\n assets $292. 3 billion stockholders equity as of\n December 31, 2022. Firm leader in investment\n banking financial services for consumers small\n businesses commercial banking financial transaction\n processing asset management. Under J. P. Morgan\n and Chase brands Firm serves millions customers\n predominantly in U. S., worlds\n prominent corporate institutional government clients\n globally."}
{"_id": "dd2ada3da", "title": "", "text": "JOHNSON & JOHNSON AND SUBSIDIARIES\nCONSOLIDATED BALANCE SHEETS\nAt January 1, 2023 and January 2, 2022\n(Dollars in Millions Except Share and Per Share Amounts) (Note 1)\n2022\n2021\nAssets\nCurrent assets\n \n \nCash and cash equivalents (Notes 1 and 2)\n$\n14,127 \n14,487 \nMarketable securities (Notes 1 and 2)\n9,392 \n17,121 \nAccounts receivable trade, less allowances for doubtful accounts $203 (2021, $230)\n16,160 \n15,283 \nInventories (Notes 1 and 3)\n12,483 \n10,387\n\nJOHNSON JOHNSON SUBSIDIARIES\n CONSOLIDATED BALANCE SHEETS\n January 1, 2023 January 2, 2022\n (Dollars Millions Share Amounts 1)\n 2022\n 2021\n Current assets\n Cash equivalents (Notes 1 2)\n 14,127\n 14,487\n Marketable securities (Notes 1 2)\n 9,392\n 17,121\n Accounts receivable trade less allowances doubtful accounts $203 (2021 $230)\n 16,160\n 15,283\n Inventories (Notes 1 3)\n 12,483\n 10,387"}
{"_id": "dd2af5afe", "title": "", "text": "Effective May 26, 2023, PepsiCo terminated the $3,800,000,000 five year unsecured revolving credit agreement, dated as of May 27, 2022, among\nPepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent (the 2022 Five Year Credit Agreement). There were no\noutstanding borrowings under the 2022 Five Year Credit Agreement at the time of its termination.\n\nOn May 26, 2023, PepsiCo entered into a new $4,200,000,000 five year unsecured revolving credit agreement (the 2023 Five Year Credit\nAgreement) among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent. The 2023 Five Year Credit Agreement\nenables PepsiCo and its borrowing subsidiaries to borrow up to $4,200,000,000 in U.S. Dollars and/or Euros, including a $750,000,000 swing line\nsubfacility for Euro-denominated borrowings permitted to be borrowed on a same day basis, subject to customary terms and conditions, and expires on\nMay 26, 2028. PepsiCo may also, upon the agreement of either the then existing lenders or of additional banks not currently party to the 2023 Five Year\nCredit Agreement, increase the commitments under the 2023 Five Year Credit Agreement to up to $4,950,000,000 in U.S. Dollars and/or Euros. PepsiCo\nmay, once a year, request renewal of the 2023 Five Year Credit Agreement for an additional one year period. Subject to certain conditions stated in the 2023\nFive Year Credit Agreement, PepsiCo and its borrowing subsidiaries may borrow, prepay and reborrow amounts under the 2023 Five Year Credit\nAgreement at any time during the term of the 2023 Five Year Credit Agreement. Funds borrowed under the 2023 Five Year Credit Agreement may be used\nfor general corporate purposes of PepsiCo and its subsidiaries. The 2023 Five Year Credit Agreement contains customary representations and warranties\nand events of default. In the ordinary course of their respective businesses, the lenders under the 2023 Five Year Credit Agreement and their affiliates have\nengaged, and may in the future engage, in commercial banking and/or investment banking transactions with PepsiCo and its affiliates.\n\nEffective May 26, 2023, PepsiCo terminated $3,800,000,000 five year unsecured revolving credit agreement, dated as of May 27, 2022, among\n PepsiCo borrower, lenders party Citibank, N. A., as administrative agent (the 2022 Five Year Credit Agreement). no\n outstanding borrowings under 2022 Five Year Credit Agreement at time termination.\n May 26, 2023 PepsiCo entered new $4,200,000,000 five year unsecured revolving credit agreement (the 2023 Five Year Credit\n Agreement) among PepsiCo borrower lenders party Citibank, N. A., administrative agent. 2023 Five Year Credit Agreement\n enables PepsiCo borrowing subsidiaries to borrow up to $4,200,000,000 in U. S. Dollars and/or Euros, including $750,000,000 swing line\n subfacility for Euro-denominated borrowings borrowed same day basis subject to customary terms and conditions expires\n May 26, 2028. PepsiCo may agreement of existing lenders or additional banks not party to 2023 Five Year\n Credit Agreement, increase commitments under 2023 Five Year Credit Agreement to up to $4,950,000,000 in U. S. Dollars and/or Euros. PepsiCo\n may once a year request renewal of 2023 Five Year Credit Agreement for additional one year period. Subject to certain conditions in 2023\n Five Year Credit Agreement PepsiCo borrowing subsidiaries may borrow, prepay reborrow amounts under 2023 Five Year Credit\n Agreement any time during term 2023 Five Year Credit Agreement. Funds borrowed under 2023 Five Year Credit Agreement may be used\n for general corporate purposes of PepsiCo subsidiaries. 2023 Five Year Credit Agreement contains customary representations warranties\n events of default. lenders under 2023 Five Year Credit Agreement and affiliates have\nengaged, may in future engage, in commercial banking/or investment banking transactions with PepsiCo affiliates."}
{"_id": "dd2ae98d0", "title": "", "text": "BALANCE SHEETS \n \n(In millions)\n \n \n \n \n \n \n \n \n \nJune 30,\n \n2023 \n2022 \n \n \n \nAssets\n \n \n \nCurrent assets:\n \n \n \nCash and cash equivalents\n $\n34,704 $\n13,931 \nShort-term investments\n \n76,558 \n90,826 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nTotal cash, cash equivalents, and short-term investments\n \n111,262 \n104,757 \nAccounts receivable, net of allowance for doubtful accounts of $650 and $633\n \n48,688 \n44,261 \nInventories\n \n2,500 \n3,742 \nOther current assets\n \n21,807 \n16,924 \n \n \n \n \n \n \n \n \n \n \n \n \nTotal current assets\n \n184,257 \n169,684 \nProperty and equipment, net of accumulated depreciation of $68,251 and $59,660\n \n95,641 \n74,398 \nOperating lease right-of-use assets\n \n14,346 \n13,148 \nEquity investments\n \n9,879 \n6,891 \nGoodwill\n \n67,886 \n67,524 \nIntangible assets, net\n \n9,366 \n11,298 \nOther long-term assets\n \n30,601 \n21,897 \n \n \n \n \n \n \n \n \n \n \n \n \nTotal assets\n $\n411,976 $\n364,840 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiabilities and stockholders equity\n \n \n \nCurrent liabilities:\n \n \n \nAccounts payable\n $\n18,095 $\n19,000 \nCurrent portion of long-term debt\n \n5,247 \n2,749 \nAccrued compensation\n \n11,009 \n10,661 \nShort-term income taxes\n \n4,152 \n4,067 \nShort-term unearned revenue\n \n50,901 \n45,538 \nOther current liabilities\n \n14,745 \n13,067 \n \n \n \n \n \n \n \n \n \n \n \n \nTotal current liabilities\n \n104,149 \n95,082 \nLong-term debt\n \n41,990 \n47,032 \nLong-term income taxes\n \n25,560 \n26,069 \nLong-term unearned revenue\n \n2,912 \n2,870 \nDeferred income taxes\n \n433 \n230 \nOperating lease liabilities\n \n12,728 \n11,489 \nOther long-term liabilities\n \n17,981 \n15,526 \n \n \n \n \n \n \n \n \n \n \n \n \nTotal liabilities\n \n205,753 \n198,298 \n \n \n \n \n \n \n \n \n \n \n \n \nCommitments and contingencies\n \n \n \nStockholders equity:\n \n \n \nCommon stock and paid-in capital shares authorized 24,000; outstanding 7,432 and 7,464\n \n93,718 \n86,939 \nRetained earnings\n \n118,848 \n84,281 \nAccumulated other comprehensive loss\n \n(6,343) \n(4,678)\n \n \n \n \n \n \n \n \n \n \n \n \nTotal stockholders equity\n \n206,223 \n166,542 \n \n \n \n \n \n \n \n \n \n \n \n \nTotal liabilities and stockholders equity\n $\n411,976 $\n364,8\n\nBALANCE SHEETS\n (In millions) June 30, 2023 2022 Assets Current assets: Cash cash equivalents\n $ 34,704 $\n 13,931\n Short-term investments\n 76,558\n 90,826\n Total cash, cash equivalents short-term investments\n 111,262\n 104,757\n Accounts receivable net allowance doubtful accounts $650 and $633\n 48,688\n 44,261\n Inventories\n 2,500\n 3,742\n Other current assets\n 21,807\n 16,924\n Total current assets\n 184,257\n 169,684\n Property equipment net accumulated depreciation $68,251 and $59,660\n 95,641\n 74,398\n Operating lease right-of-use assets\n 14,346\n 13,148\n Equity investments\n 9,879\n 6,891 Goodwill 67,886\n 67,524\n Intangible assets, net\n 9,366\n 11,298\n Other long-term assets\n 30,601\n 21,897\n Total assets $ 411,976 $\n 364,840\n Liabilities stockholders equity\n Current liabilities:\n Accounts payable $ 18,095 $\n 19,000\n Current portion long-term debt\n 5,247\n 2,749\n Accrued compensation\n 11,009\n 10,661\n Short-term income taxes\n 4,152\n 4,067\n Short-term unearned revenue\n 50,901\n 45,538\n Other current liabilities\n 14,745\n 13,067\n Total current liabilities\n 104,149\n 95,082\n Long-term debt\n 41,990\n47,032\n Long-term income taxes\n 25,560\n 26,069\n Long-term unearned revenue 2,912\n 2,870\n Deferred income taxes 433 230 Operating lease liabilities\n 12,728\n 11,489\n Other long-term liabilities\n 17,981\n 15,526\n Total liabilities\n 205,753\n 198,298\n Commitments contingencies\n Stockholders equity:\n Common stock paid-in capital shares authorized 24,000; outstanding 7,432 and 7,464\n 93,718\n 86,939\n Retained earnings\n 118,848\n 84,281\n Accumulated comprehensive loss\n (6,343)\n (4,678) Total stockholders equity\n 206,223\n 166,542\n Total liabilities stockholders equity\n $ 411,976 $\n 364,8"}
{"_id": "dd2ac285c", "title": "", "text": "Net\nrevenue for 2022 was $23.6 billion, an increase of 44% compared to 2021 net revenue of $16.4 billion. The increase in net revenue was driven by a 64%\nincrease in Data Center segment revenue primarily due to higher sales of our EPYC server processors, a 21% increase in Gaming segment revenue\nprimarily due to higher semi-custom product sales, and a significant increase in Embedded segment revenue from the prior year period driven by the inclusion\nof Xilinx embedded product sales.\n\nNet\n revenue for 2022 was $23. 6 billion, increase 44% compared to 2021 net revenue $16. 4 billion. increase net revenue driven by 64%\n increase in Data Center segment revenue due to higher sales EPYC server processors 21% increase in Gaming segment revenue\n due to higher semi-custom product sales significant increase in Embedded segment revenue from prior year driven by inclusion\n Xilinx embedded product sales."}
{"_id": "dd2adb2c6", "title": "", "text": "REGIONAL SALES RESULTS \n \nQ4 \n \n% Change \n($ in Millions) \n2022 \n2021 \nReported \nOperational1,2 \nCurrency \nAdjusted \nOperational1,3 \nU.S. \n$12,516 \n$12,163 \n2.9% \n2.9 \n- \n2.7 \nInternational \n11,190 \n12,641 \n(11.5) \n(1.1) \n(10.4) \n(1.0) \nWorldwide \n$23,706 \n$24,804 \n(4.4)% \n0.9 \n(5.3) \n0.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nFull Year \n \n% Change \n($ in Millions) \n2022 \n2021 \nReported \nOperational1,2 \nCurrency \nAdjusted \nOperational1,3 \nU.S. \n$48,580 \n$47,156 \n3.0% \n3.0 \n- \n3.0 \nInternational \n46,363 \n46,619 \n(0.6)% \n9.1 \n(9.7) \n9.3 \nWorldwide \n$94,943 \n$93,775 \n1.3% \n6.1 \n(4.8) \n6.2\n\nREGIONAL SALES RESULTS\n Q4\n % Change\n$ Millions)\n 2022\n 2021\n Reported\n Operational1,2\n Currency\n Adjusted\n Operational1,3\n.\n $12,516\n $12,163\n 2.\n 2. 9\n 2. 7\n International\n 11,190\n 12,641\n (11. 5)\n. 1)\n (10. 4)\n.\n Worldwide\n $23,706\n $24,804\n (4. 4)%\n. 9\n (5. 3)\n. 8\n Change$ Millions)\n 2022\n 2021\n Reported\n Operational1,2\n Currency\n Adjusted\n Operational1,3\n.\n $48,580\n $47,156\n 3. 0%\n 3.\n 3.\n International\n 46,363\n 46,619\n. 6)%\n 9. 1\n (9. 7)\n 9. 3\n Worldwide\n $94,943\n $93,775\n 1. 3%\n 6. 1\n (4. 8)\n 6. 2"}
{"_id": "dd2ad29c8", "title": "", "text": "Table of Contents\nCOSTCO WHOLESALE CORPORATION\nCONSOLIDATED BALANCE SHEETS\n(amounts in millions, except par value and share data)\nAugust 29,\n2021\nAugust 30,\n2020\nASSETS\nCURRENT ASSETS\nCash and cash equivalents\n$\n11,258 \n$\n12,277 \nShort-term investments\n917 \n1,028 \nReceivables, net\n1,803 \n1,550 \nMerchandise inventories\n14,215 \n12,242 \nOther current assets\n1,312 \n1,023 \nTotal current assets\n29,505 \n28,120 \nOTHER ASSETS\nProperty and equipment, net\n23,492 \n21,807 \nOperating lease right-of-use assets\n2,890 \n2,788 \nOther long-term assets\n3,381 \n2,841 \nTOTAL ASSETS\n$\n59,268 \n$\n55,556 \nLIABILITIES AND EQUITY\nCURRENT LIABILITIES\nAccounts payable\n$\n16,278 \n$\n14,172 \nAccrued salaries and benefits\n4,090 \n3,605 \nAccrued member rewards\n1,671 \n1,393 \nDeferred membership fees\n2,042 \n1,851 \nCurrent portion of long-term debt\n799 \n95 \nOther current liabilities\n4,561 \n3,728 \nTotal current liabilities\n29,441 \n24,844 \nOTHER LIABILITIES\nLong-term debt, excluding current portion\n6,692 \n7,514 \nLong-term operating lease liabilities\n2,642 \n2,558 \nOther long-term liabilities\n2,415 \n1,935 \nTOTAL LIABILITIES\n41,190 \n36,851 \nCOMMITMENTS AND CONTINGENCIES\nEQUITY\nPreferred stock $0.01 par value; 100,000,000 shares authorized; no shares issued and\noutstanding\n \n \nCommon stock $0.01 par value; 900,000,000 shares authorized; 441,825,000 and\n441,255,000 shares issued and outstanding\n4 \n4 \nAdditional paid-in capital\n7,031 \n6,698 \nAccumulated other comprehensive loss\n(1,137)\n(1,297)\nRetained earnings\n11,666 \n12,879 \nTotal Costco stockholders equity\n17,564 \n18,284 \nNoncontrolling interests\n514 \n421 \nTOTAL EQUITY\n18,078 \n18,705 \nTOTAL LIABILITIES AND EQUITY\n$\n59,268 \n$\n55,556 \nThe accompanying notes are an integral part of these consolidated financial statements.\n38\n\nContents\n COSTCO WHOLESALE CORPORATION\n CONSOLIDATED BALANCE\n millions except value share data\n August 29,\n 2021\n August 30,\n 2020\n CURRENT\n Cash equivalents\n 11,258\n 12,277\n Short-term investments\n 917\n 1,028\n Receivables\n 1,803\n 1,550\n Merchandise inventories\n 14,215\n 12,242\n Other current assets\n 1,312\n 1,023\n Total assets\n 29,505\n 28,120\n Property equipment\n 23,492\n 21,807\n Operating lease right-of-use assets\n 2,890\n 2,788\n long-term assets\n 3,381\n 2,841\n TOTAL\n 59,268\n 55,556\n LIABILITIES EQUITY\n CURRENT LIABILITIES\n Accounts payable\n 16,278\n 14,172\n Accrued salaries benefits\n 4,090\n 3,605\n member rewards\n 1,671\n 1,393\n Deferred membership fees\n 2,042\n 1,851\n long-term debt\n 799\n Other current liabilities\n 4,561\n 3,728\n Total liabilities\n 29,441\n 24,844\n LIABILITIES Long-term debt current\n 6,692\n 7,514\n Long-term operating lease liabilities\n 2,642\n 2,558\n liabilities\n 2,415\n 1,935\n TOTAL LIABILITIES\n 41,190\n 36,851\n COMMITMENTS\n EQUITY\n Preferred stock $0. par value 100,000,000 shares authorized no shares issued\n outstanding\n Common stock $0. par value 900,000,000 shares authorized,825,000\n 441,255,000 shares issued outstanding\n 4 Additional paid-in capital\n 7,031\n 6,698\n Accumulated comprehensive loss\n (1,137)\n (1,297)\nearnings\n 11,666\n 12,879\n Costco stockholders equity\n 17,564\n 18,284\n Noncontrolling interests\n 514\n 421\n TOTAL EQUITY\n 18,078\n 18,705\n TOTAL LIABILITIES EQUITY\n $ 59,268\n 55,556\n accompanying notes consolidated financial statements.\n 38"}
{"_id": "dd2afe78a", "title": "", "text": "The following summarizes revenues by geographic area:\n \nThree Months Ended\nSix Months Ended\n(MILLIONS)\nJuly 2,\n2023\nJuly 3,\n2022\n%\nChange\nJuly 2,\n2023\nJuly 3,\n2022\n%\nChange\nUnited States\n$\n6,185 \n$\n11,222 \n(45)\n$\n14,692 \n$\n20,140 \n(27)\nDeveloped Europe\n2,415 \n5,480 \n(56)\n5,236 \n11,569 \n(55)\nDeveloped Rest of World\n1,305 \n5,034 \n(74)\n3,778 \n8,320 \n(55)\nEmerging Markets\n2,828 \n6,006 \n(53)\n7,308 \n13,373 \n(45)\nRevenues\n$\n12,734 \n$\n27,742 \n(54)\n$\n31,015 \n$\n53,402 \n(42)\n\nsummarizes revenues geographic area\n Three Months Ended\n Six Months\n (MILLIONS\n July 2\n 2023\n July 3\n 2022\n Change July 2\n 2023\n July 3\n 2022\n Change United States\n 6,185\n $ 11,222\n 14,692\n $ 20,140\n Developed Europe\n 2,415\n 5,480\n (56) 5,236\n 11,569\n (55) Developed World\n 1,305\n 5,034\n (74)\n 3,778\n 8,320\n (55) Emerging Markets\n 2,828\n 6,006\n (53)\n 7,308\n 13,373\n Revenues\n $\n 12,734\n $\n 27,742\n $\n 31,015\n $ 53,402\n"}
{"_id": "dd2abb3e0", "title": "", "text": "Table of Contents \n3M Company and Subsidiaries\nConsolidated Statement of Cash Flow s\nYears ended December 31\n \n(Millions)\n \n2018\n \n2017\n \n2016\n \nCash Flows from Operating Activities\n \n \n \n \n \n \n \nNet income including noncontrolling interest\n \n$\n5,363 \n$\n4,869 \n$\n5,058 \nAdjustments to reconcile net income including noncontrolling interest to net cash\nprovided by operating activities\n \n \n \n \n \n \n \nDepreciation and amortization\n \n \n1,488 \n \n1,544 \n \n1,474 \nCompany pension and postretirement contributions\n \n \n(370) \n \n(967) \n \n(383) \nCompany pension and postretirement expense\n \n \n410 \n \n334 \n \n250 \nStock-based compensation expense\n \n \n302 \n \n324 \n \n298 \nGain on sale of businesses\n \n \n(545) \n \n(586) \n \n(111) \nDeferred income taxes\n \n \n(57) \n \n107 \n \n 7 \nChanges in assets and liabilities\n \n \n \n \n \n \n \nAccounts receivable\n \n \n(305) \n \n(245) \n \n(313) \nInventories\n \n \n(509) \n \n(387) \n \n57 \nAccounts payable\n \n \n408 \n \n24 \n \n148 \nAccrued income taxes (current and long-term)\n \n \n134 \n \n967 \n \n101 \nOther net\n \n \n120 \n \n256 \n \n76 \nNet cash provided by (used in) operating activities\n \n \n6,439 \n \n6,240 \n \n6,662 \n \n \n \n \n \n \n \n \nCash Flows from Investing Activities\n \n \n \n \n \n \n \nPurchases of property, plant and equipment (PP&E)\n \n \n(1,577) \n \n(1,373) \n \n(1,420) \nProceeds from sale of PP&E and other assets\n \n \n262 \n \n49 \n \n58 \nAcquisitions, net of cash acquired\n \n \n13 \n \n(2,023) \n \n(16) \nPurchases of marketable securities and investments\n \n \n(1,828) \n \n(2,152) \n \n(1,410) \nProceeds from maturities and sale of marketable securities and investments\n \n \n2,497 \n \n1,354 \n \n1,247 \nProceeds from sale of businesses, net of cash sold\n \n \n846 \n \n1,065 \n \n142 \nOther net\n \n \n 9 \n \n(6) \n \n(4) \nNet cash provided by (used in) investing activities\n \n \n222 \n \n(3,086) \n \n(1,403) \n \n \n \n \n \n \n \n \nCash Flows from Financing Activities\n \n \n \n \n \n \n \nChange in short-term debt net\n \n \n(284) \n \n578 \n \n(797) \nRepayment of debt (maturities greater than 90 days)\n \n \n(1,034) \n \n(962) \n \n(992) \nProceeds from debt (maturities greater than 90 days)\n \n \n2,251 \n \n1,987 \n \n2,832 \nPurchases of treasury stock\n \n \n(4,870) \n \n(2,068) \n \n(3,753) \nProceeds from issuance of treasury stock pursuant to stock option and benefit plans\n \n \n485 \n \n734 \n \n804 \nDividends paid to shareholders\n \n \n(3,193) \n \n(2,803) \n \n(2,678) \nOther net\n \n \n(56) \n \n(121) \n \n(42) \nNet cash provided by (used in) financing activities\n \n \n(6,701) \n \n(2,655) \n \n(4,626) \n \n \n \n \n \n \n \n \nEffect of exchange rate changes on cash and cash equivalents\n \n \n(160) \n \n156 \n \n(33) \n \n \n \n \n \n \n \n \nNet increase (decrease) in cash and cash equivalents\n \n \n(200) \n \n655 \n \n600 \nCash and cash equivalents at beginning of year\n \n \n3,053 \n \n2,398 \n \n1,798 \nCash and cash equivalents at end of period\n \n$\n2,853 \n$\n3,053 \n$\n2,398 \n \nThe accompanying Notes to Consolidated Financial Statements are an integral part of this statement.\n \n60\n\nTable Contents\n 3M Company Subsidiaries\n Consolidated Statement of Cash Flow s\n Years ended December 31\n (Millions) 2018\n 2017\n 2016\n Cash Flows from Operating Activities\n Net income including noncontrolling interest\n $ 5,363\n $ 4,869\n $ 5,058\n Adjustments to reconcile net income including noncontrolling interest to net cash\n provided by operating activities\n Depreciation amortization\n 1,488\n 1,544\n 1,474\n Company pension postretirement contributions\n (370)\n (967)\n (383)\n Company pension postretirement expense\n 410 250 Stock-based compensation expense\n 302 324\n Gain on sale of businesses\n (545)\n (586)\n (111) Deferred income taxes\n (57)\n 107 7 Changes in assets liabilities\n Accounts receivable\n (305)\n (245)\n (313)\n Inventories\n (509)\n (387)\n 57 Accounts payable\n 24\n 148 Accrued income taxes (current long-term)\n 134 967 101 Other net 120 256 76 Net cash provided by (used operating activities\n 6,439\n 6,240\n 6,662\n Cash Flows from Investing Activities\n Purchases of property, plant equipment (PP&E)\n (1,577)\n (1,373)\n (1,420)\n Proceeds from sale of PP&E other assets\n 262\n 49 58 Acquisitions net of cash acquired\n 13 (2,023)\n (16) Purchases of marketable securities investments\n (1,828)\n (2,152)\n (1,410)\nProceeds from maturities sale of marketable securities investments\n 2,497\n 1,354\n 1,247\n Proceeds from sale businesses net cash sold\n 846\n 1,065\n 142\n net 9\n (6) (4) Net cash provided by (used in) investing activities\n 222\n (3,086)\n (1,403)\n Cash Flows from Financing Activities\n Change short-term debt net\n (284)\n (797)\n Repayment of debt (maturities greater than 90 days)\n (1,034)\n (962)\n (992)\n Proceeds from debt (maturities greater than 90 days)\n 2,251\n 1,987\n 2,832\n Purchases of treasury stock\n (4,870)\n (2,068)\n (3,753)\n Proceeds from issuance treasury stock stock option benefit plans\n 485\n 734\n 804\n Dividends paid to shareholders\n (3,193)\n (2,803)\n (2,678)\n net (56)\n (121)\n (42) Net cash provided by (used in) financing activities\n (6,701)\n (2,655)\n (4,626)\n Effect exchange rate changes on cash cash equivalents\n (160)\n 156\n (33) Net increase (decrease) cash cash equivalents\n (200)\n 655\n 600\n Cash and cash equivalents beginning of year\n 3,053 2,398\n 1,798\n Cash cash equivalents end of period\n $ 2,853\n $ 3,053 $ 2,398\n accompanying Notes to Consolidated Financial Statements integral part of statement.\n 60"}
{"_id": "dd2b07a56", "title": "", "text": "Derivative Instruments \nWe enter into derivative transactions primarily to manage our exposure to fluctuations in foreign currency exchange rates and interest rates. \nWe employ risk management strategies, which may include the use of a variety of derivatives including interest rate swaps, cross currency \nswaps, forward starting interest rate swaps, treasury rate locks, interest rate caps, swaptions and foreign exchange forwards. We do not hold \nderivatives for trading purposes. \nThe following table sets forth the notional amounts of our outstanding derivative instruments: \n(dollars in millions) \nAt December 31,\n2021\n2020 \nInterest rate swaps\n$ \n19,779 \n$ \n17,768 \nCross currency swaps\n32,502 \n26,288 \nForward starting interest rate swaps\n1,000 \n2,000 \nForeign exchange forwards\n932 \n1,405\n\nDerivative Instruments\n enter derivative transactions manage exposure to fluctuations foreign currency exchange rates interest rates.\n employ risk management strategies include use variety derivatives including interest rate swaps cross currency\n swaps forward starting interest rate swaps treasury rate locks interest rate caps swaptions foreign exchange forwards. not hold\n derivatives for trading.\n table notional amounts outstanding derivative instruments:\n (dollars in millions)\n December 31,\n 2021\n 2020\n Interest rate swaps\n $\n 19,779\n $\n 17,768\n Cross currency swaps\n 32,502\n 26,288\n Forward starting interest rate swaps\n 1,000\n 2,000\n Foreign exchange forwards\n 932\n 1,405"}
{"_id": "dd2abedc4", "title": "", "text": "ADOBE INC.\n CONSOLIDATED STATEMENTS OF CASH FLOWS\n(In millions)\n \nYears Ended\n \nDecember 2,\n2022\nDecember 3,\n2021\nNovember 27,\n2020\nCash flows from operating activities:\n \n \nNet income\n$ \n4,756 \n$ \n4,822 \n$ \n5,260 \nAdjustments to reconcile net income to net cash provided by operating activities:\nDepreciation, amortization and accretion\n \n856 \n \n788 \n \n757 \nStock-based compensation\n \n1,440 \n \n1,069 \n \n909 \nReduction of operating lease right-of-use assets\n \n83 \n \n73 \n \n87 \nDeferred income taxes\n \n328 \n \n183 \n \n(1,501) \nUnrealized losses (gains) on investments, net\n \n29 \n \n(4) \n(11) \nOther non-cash items\n \n10 \n \n7 \n \n40 \nChanges in operating assets and liabilities, net of acquired assets and \n assumed liabilities:\nTrade receivables, net\n \n(198) \n(430) \n106 \nPrepaid expenses and other assets\n \n(94) \n(475) \n(288) \nTrade payables\n \n66 \n \n(20) \n96 \nAccrued expenses and other liabilities\n \n7 \n \n162 \n \n86 \nIncome taxes payable\n \n19 \n \n2 \n \n(72) \nDeferred revenue\n \n536 \n \n1,053 \n \n258 \nNet cash provided by operating activities\n \n7,838 \n \n7,230 \n \n5,727 \nCash flows from investing activities:\n \n \nPurchases of short-term investments\n \n(909) \n(1,533) \n(1,071) \nMaturities of short-term investments\n \n683 \n \n877 \n \n915 \nProceeds from sales of short-term investments\n \n270 \n \n191 \n \n167 \nAcquisitions, net of cash acquired\n \n(126) \n(2,682) \n \nPurchases of property and equipment\n \n(442) \n(348) \n(419) \nPurchases of long-term investments, intangibles and other assets\n \n(46) \n(42) \n(15) \nProceeds from sales of long-term investments and other assets\n \n \n \n \n \n9 \nNet cash used for investing activities\n \n(570) \n(3,537) \n(414)\n\nINC.\n CONSOLIDATED STATEMENTS CASH FLOWS\n millions)\n Years Ended\n December 2,\n 2022\n December 3,\n 2021\n November 27,\n 2020\n Cash flows from operating activities\n Net income\n $ 4,756\n $ 5,260\n Adjustments reconcile net income cash operating activities\n Depreciation amortization accretion\n 856\n 788\n 757\n Stock-based compensation\n 1,440\n 1,069\n 909\n Reduction operating lease right-of-use assets\n 83\n 73\n 87 Deferred income taxes\n 328\n 183\n (1,501)\n Unrealized losses (gains) on investments\n 29\n (4) non items\n 10\n 7\n 40\n Changes in operating assets liabilities acquired assets\n assumed liabilities\n Trade receivables\n (198)\n (430)\n 106\n Prepaid expenses other assets\n (94)\n (475)\n (288)\n Trade payables\n 66\n (20) 96 Accrued expenses liabilities\n 7 162\n 86 Income taxes payable\n 19\n 2 (72)\n Deferred revenue\n 536\n 1,053\n 258\n Net cash by operating activities\n 7,838\n 7,230\n Cash flows from investing activities\n Purchases of short-term investments\n (909)\n (1,533)\n (1,071)\n Maturities short-term investments\n 915\n Proceeds from sales of short-term investments\n 270\n 191\n 167\n Acquisitions net cash acquired\n (126)\n (2,682)\n Purchases of property equipment\n (442)\n (348)\n (419)\n Purchases long-term investments intangibles other assets\n (46) (42) (15)Proceeds sales long-term investments other assets\n 9\n Net cash used investing activities\n (570)\n (3,537)\n (414)"}
{"_id": "dd2abd1e0", "title": "", "text": "Table of Contents\nACTIVISION BLIZZARD, INC. AND SUBSIDIARIES\nCONSOLIDATED STATEMENTS OF OPERATIONS\n(Amounts in millions, except per share data)\n \nFor the Years Ended December 31,\n \n2019\n \n2018\n \n2017\nNet revenues\n \n \n \n \nProduct sales\n$\n1,975\n $\n2,255 $\n2,110\nSubscription, licensing, and other revenues\n4,514\n \n5,245 \n4,907\nTotal net revenues\n6,489\n \n7,500 \n7,017\n \n \n \n \nCosts and expenses\n \n \n \n \nCost of revenuesproduct sales:\n \n \n \nProduct costs\n656\n \n719 \n733\nSoftware royalties, amortization, and intellectual property licenses\n240\n \n371 \n300\nCost of revenuessubscription, licensing, and other revenues:\n \n \n \nGame operations and distribution costs\n965\n \n1,028 \n984\nSoftware royalties, amortization, and intellectual property licenses\n233\n \n399 \n484\nProduct development\n998\n \n1,101 \n1,069\nSales and marketing\n926\n \n1,062 \n1,378\nGeneral and administrative\n732\n \n822 \n745\nRestructuring and related costs\n132\n \n10 \n15\nTotal costs and expenses\n4,882\n \n5,512 \n5,708\n \n \n \n \nOperating income\n1,607\n \n1,988 \n1,309\nInterest and other expense (income), net (Note 18)\n(26) \n71 \n146\nLoss on extinguishment of debt\n\n \n40 \n12\nIncome before income tax expense\n1,633\n \n1,877 \n1,151\nIncome tax expense\n130\n \n29 \n878\nNet income\n$\n1,503\n $\n1,848 $\n273\n \n \n \n \nEarnings per common share\n \n \n \n \nBasic\n$\n1.96\n $\n2.43 $\n0.36\nDiluted\n$\n1.95\n $\n2.40 $\n0.36\n \n \n \n \nWeighted-average number of shares outstanding\n \n \n \n \nBasic\n767\n \n762 \n754\nDiluted\n771\n \n771 \n766\nThe accompanying notes are an integral part of these Consolidated Financial Statements.\nF-5\n\nTable Contents\n ACTIVISION BLIZZARD INC. SUBSIDIARIES\n CONSOLIDATED STATEMENTS OPERATIONS\n (Amounts millions except per share data)\n Years Ended December 31,\n 2019\n 2018\n 2017\n Net revenues\n Product sales\n $\n 1,975\n $ 2,255 $\n 2,110\n Subscription licensing other revenues\n 4,514\n 5,245\n Total net revenues\n 6,489\n 7,500\n 7,017\n Costs expenses\n Cost revenuesproduct sales\n Product costs 719\n 733\n Software royalties amortization intellectual property licenses\n 240\n 371\n 300\n Cost revenuessubscription licensing other\n Game operations distribution costs\n 965\n 1,028\n 984\n Software royalties amortization intellectual property licenses\n 233\n 399\n Product development\n 1,101\n 1,069\n Sales marketing\n 926\n 1,062\n 1,378\n General administrative\n 732\n 822\n Restructuring related costs\n 132\n 10\n 15\n Total costs expenses\n 5,512\n 5,708\n Operating income\n 1,607\n 1,988\n 1,309\n Interest other expense (income), net (Note 18)\n (26) 71\n 146\n Loss extinguishment debt\n 40 12\n Income before income tax expense\n 1,633\n 1,877\n 1,151\n Income tax expense\n 130\n 29\n 878\n Net income\n $ 1,503\n $ 1,848 $\n 273\n Earnings per common share\n Basic $ 1. 96\n $ 2. 43 $\n 0. 36\n Diluted $ 1. 95\n $ 2. 40 $\n 0. 36\n Weighted-average number shares outstanding\n767\n 762\n 754\n Diluted\n 771\n 771\n 766\n accompanying notes integral part Consolidated Financial Statements.\n F-5"}
{"_id": "dd2abffc6", "title": "", "text": "Table of Contents\nAMAZON.COM, INC.\nCONSOLIDATED BALANCE SHEETS\n(in millions, except per share data)\n \n \nDecember 31,\n \n2016\n \n2017\nASSETS\n \n \nCurrent assets:\n \n \nCash and cash equivalents\n$\n19,334 $\n20,522\nMarketable securities\n6,647 \n10,464\nInventories\n11,461 \n16,047\nAccounts receivable, net and other\n8,339 \n13,164\nTotal current assets\n45,781 \n60,197\nProperty and equipment, net\n29,114 \n48,866\nGoodwill\n3,784 \n13,350\nOther assets\n4,723 \n8,897\nTotal assets\n$\n83,402 $\n131,310\nLIABILITIES AND STOCKHOLDERS EQUITY\n \n \nCurrent liabilities:\n \n \nAccounts payable\n$\n25,309 $\n34,616\nAccrued expenses and other\n13,739 \n18,170\nUnearned revenue\n4,768 \n5,097\nTotal current liabilities\n43,816 \n57,883\nLong-term debt\n7,694 \n24,743\nOther long-term liabilities\n12,607 \n20,975\nCommitments and contingencies (Note 7)\n \nStockholders equity:\n \n \nPreferred stock, $0.01 par value:\n \n \nAuthorized shares 500\n \n \nIssued and outstanding shares none\n \n\nCommon stock, $0.01 par value:\n \n \nAuthorized shares 5,000\n \n \nIssued shares 500 and 507\n \n \nOutstanding shares 477 and 484\n5 \n5\nTreasury stock, at cost\n(1,837) \n(1,837)\nAdditional paid-in capital\n17,186 \n21,389\nAccumulated other comprehensive loss\n(985) \n(484)\nRetained earnings\n4,916 \n8,636\nTotal stockholders equity\n19,285 \n27,709\nTotal liabilities and stockholders equity\n$\n83,402 $\n131,310\nSee accompanying notes to consolidated financial statements.\n40\n\nTable Contents\n AMAZON.\n CONSOLIDATED BALANCE SHEETS\n millions except share data\n December 31,\n 2016\n 2017 Current assets\n Cash cash equivalents\n 19,334 $\n 20,522\n Marketable securities\n 6,647\n 10,464\n Inventories\n 11,461\n 16,047\n Accounts receivable net other\n 8,339\n 13,164\n Total current assets\n 45,781\n 60,197\n Property equipment net\n 29,114\n 48,866\n Goodwill\n 3,784\n 13,350\n Other assets\n 4,723\n 8,897\n Total assets\n 83,402 $\n 131,310\n LIABILITIES EQUITY\n Current liabilities\n Accounts payable\n 25,309\n 34,616\n Accrued expenses other\n 13,739\n 18,170\n Unearned revenue\n 4,768\n 5,097\n Total current liabilities\n 43,816\n 57,883\n Long-term debt\n 24,743\n Other long-term liabilities\n 12,607\n 20,975\n Commitments contingencies (Note 7)\n Stockholders equity\n Preferred stock $0. par value\n Authorized shares 500\n Issued outstanding shares\n Common stock $0. par value\n Authorized shares 5,000\n Issued shares 500\n Outstanding shares 484\n Treasury stock\n (1,837)\n Additional paid-in capital\n 17,186\n 21,389\n Accumulated comprehensive loss\n (985)\n (484) Retained earnings\n 4,916\n 8,636\n Total stockholders equity\n 19,285\n 27,709\n liabilities stockholders equity\n 83,402 $\n 131,310\n accompanying notes consolidated financial statements.\n 40"}
{"_id": "dd2b1453a", "title": "", "text": "At December 31,\nMaturities \nInterest \nRates %\n2022\n2021 \nVerizon Communications\n< 5 Years\n0.75 - 5.82\n$ \n23,929 \n$ \n18,406 \n5-10 Years\n1.50 - 7.88\n42,637 \n43,225 \n> 10 Years\n1.13 - 8.95\n60,134 \n73,520 \n< 5 Years\nFloating\n(1) \n2,992 \n4,086 \n5-10 Years\nFloating\n(1) \n3,029 \n824 \nAlltel Corporation\n5-10 Years\n6.80 - 7.88\n94 \n38 \n> 10 Years\nN/A\nN/A \n58 \nOperating telephone company subsidiariesdebentures\n< 5 Years\nN/A\nN/A \n141 \n5-10 Years\n6.00 - 8.75\n475 \n375 \n> 10 Years\n5.13 - 7.38\n139 \n250 \nOther subsidiariesasset-backed debt\n< 5 Years\n0.41 - 5.72\n9,767 \n9,620 \n< 5 Years\nFloating\n(2) \n10,271 \n4,610 \nFinance lease obligations (average rate of 2.5% and 2.2% in \n2022 and 2021, respectively)\n1,732 \n1,325 \nUnamortized discount, net of premium\n(4,039) \n(4,922) \nUnamortized debt issuance costs\n(671) \n(688) \nTotal long-term debt, including current maturities\n150,489 \n150,868 \nLess long-term debt maturing within one year\n9,813 \n7,443 \nTotal long-term debt\n$ \n140,676 \n$ \n143,425 \nLong-term debt maturing within one year\n$ \n9,813 \n$ \n7,443 \nAdd commercial paper\n150 \n \nDebt maturing within one year\n9,963 \n7,443 \nAdd long-term debt\n140,676 \n143,425 \nTotal debt\n$ \n150,639 \n$ \n150,868\n\nDecember 31,\n Maturities\n Interest\n Rates %\n 2022\n 2021\n Verizon Communications\n 5 Years\n. 75 - 5. 82\n 23,929\n 18,406\n 5-10 Years\n. 50 - 7. 88\n 42,637\n 43,225\n 10 Years\n. 13 - 8. 95\n 60,134\n 73,520\n 5 Years\n Floating\n 2,992\n 4,086\n 5-10 Years\n Floating 3,029\n 824\n Alltel Corporation\n 5-10 Years\n 6. 80 - 7. 88\n 94 38 10 Years\n N/A\n 58 Operating telephone company subsidiariesdebentures\n 5 Years\n N/A\n 141 5-10 Years\n 6. 00 - 8. 75\n 475\n 375\n 10 Years\n 5. 13 - 7. 38\n 139\n 250\n subsidiariesasset-backed debt\n 5 Years\n. 41 - 5. 72\n 9,767\n 9,620\n 5 Years\n Floating\n 10,271\n Finance lease obligations (average rate 2. 5% 2. 2%\n 2022 2021\n 1,732\n 1,325\n Unamortized discount net premium\n (4,039)\n (4,922)\n Unamortized debt issuance costs\n (671)\n (688) Total long-term debt current maturities\n 150,489\n 150,868\n long-term debt maturing one year\n 7,443\n Total long-term debt\n 140,676\n 143,425\n Long-term debt maturing one year\n 7,443\n commercial paper\n 150 Debt maturing one year\n 7,443\n long-term debt\n 140,676\n 143,425\n Total debt\n 150,639\n 150,868"}
{"_id": "dd2abb8b8", "title": "", "text": "Table of Contents \n3M Company and Subsidiaries\nConsolidated Balance Shee t\nAt December 31\n \n \n \nDecember 31,\n \nDecember 31,\n \n(Dollars in millions, except per share amount)\n \n2018\n \n2017\n \nAssets\n \n \n \n \n \nCurrent assets\n \n \n \n \n \nCash and cash equivalents\n \n$\n2,853 \n$\n3,053 \nMarketable securities current\n \n \n380 \n \n1,076 \nAccounts receivable net of allowances of $95 and $103\n \n \n5,020 \n \n4,911 \nInventories\n \n \n \n \n \nFinished goods\n \n \n2,120 \n \n1,915 \nWork in process\n \n \n1,292 \n \n1,218 \nRaw materials and supplies\n \n \n954 \n \n901 \nTotal inventories\n \n \n4,366 \n \n4,034 \nPrepaids\n \n \n741 \n \n937 \nOther current assets\n \n \n349 \n \n266 \nTotal current assets\n \n \n13,709 \n \n14,277 \nProperty, plant and equipment\n \n \n24,873 \n \n24,914 \nLess: Accumulated depreciation\n \n \n(16,135) \n \n(16,048) \nProperty, plant and equipment net\n \n \n8,738 \n \n8,866 \nGoodwill\n \n \n10,051 \n \n10,513 \nIntangible assets net\n \n \n2,657 \n \n2,936 \nOther assets\n \n \n1,345 \n \n1,395 \nTotal assets\n \n$\n36,500 \n$\n37,987 \nLiabilities\n \n \n \n \n \nCurrent liabilities\n \n \n \n \n \nShort-term borrowings and current portion of long-term debt\n \n$\n1,211 \n$\n1,853 \nAccounts payable\n \n \n2,266 \n \n1,945 \nAccrued payroll\n \n \n749 \n \n870 \nAccrued income taxes\n \n \n243 \n \n310 \nOther current liabilities\n \n \n2,775 \n \n2,709 \nTotal current liabilities\n \n \n7,244 \n \n7,687 \n \n \n \n \n \n \nLong-term debt\n \n \n13,411 \n \n12,096 \nPension and postretirement benefits\n \n \n2,987 \n \n3,620 \nOther liabilities\n \n \n3,010 \n \n2,962 \nTotal liabilities\n \n$\n26,652 \n$\n26,365 \nCommitments and contingencies (Note 16)\n \n \n \n \n \nEquity\n \n \n \n \n \n3M Company shareholders equity:\n \n \n \n \n \nCommon stock par value, $.01 par value\n \n$\n 9 \n$\n 9 \nShares outstanding - 2018: 576,575,168\n \n \n \n \n \nShares outstanding - 2017: 594,884,237\n \n \n \n \n \nAdditional paid-in capital\n \n \n5,643 \n \n5,352 \nRetained earnings\n \n \n40,636 \n \n39,115 \nTreasury stock\n \n \n(29,626) \n \n(25,887) \nAccumulated other comprehensive income (loss)\n \n \n(6,866) \n \n(7,026) \nTotal 3M Company shareholders equity\n \n \n9,796 \n \n11,563 \nNoncontrolling interest\n \n \n52 \n \n59 \nTotal equity\n \n$\n9,848 \n$\n11,622 \nTotal liabilities and equity\n \n$\n36,500 \n$\n37,987 \n \nThe accompanying Notes to Consolidated Financial Statements are an integral part of this statement.\n58\n\nTable Contents\n 3M Company Subsidiaries\n Consolidated Balance Shee t\n December 31\n December 31, December 31, (Dollars millions except per share amount)\n 2018\n 2017 Assets\n Current assets\n Cash cash equivalents\n $ 2,853\n $ 3,053 Marketable securities current\n 380 1,076\n Accounts receivable net allowances $95 $103\n 5,020\n 4,911 Inventories\n Finished goods\n 2,120\n 1,915\n Work in process\n 1,292\n 1,218\n Raw materials supplies\n 954\n 901 Total inventories\n 4,366\n 4,034\n Prepaids\n 741\n 937\n Other current assets\n 349 266 Total current assets 13,709\n 14,277\n Property plant equipment\n 24,873\n 24,914\n Less: Accumulated depreciation\n (16,135)\n (16,048)\n Property plant equipment net\n 8,738\n 8,866\n Goodwill\n 10,051\n 10,513\n Intangible assets net\n 2,657\n 2,936\n Other assets\n 1,345\n 1,395\n Total assets\n $ 36,500\n $ 37,987\n Liabilities\n Current liabilities Short-term borrowings current portion long-term debt\n $ 1,211\n $ 1,853\n Accounts payable\n 2,266\n 1,945\n Accrued payroll\n 749\n 870 Accrued income taxes\n 243 310 Other current liabilities\n 2,775\n 2,709 Total current liabilities\n 7,244\n 7,687\n Long-term debt\n 13,411\n 12,096\n Pension postretirement benefits\n\n 2,987\n 3,620\n Other liabilities\n 3,010\n 2,962\n Total liabilities\n $ 26,652\n $ 26,365\n Commitments contingencies (Note 16)\n Equity 3M Company shareholders equity:\n Common stock par value $. 01\n $ 9\n $ 9 Shares outstanding - 2018: 576,575,168\n Shares outstanding - 2017:,884,237\n Additional paid-in capital\n 5,352\n Retained earnings\n 40,636\n 39,115\n Treasury stock\n (29,626)\n (25,887)\n Accumulated comprehensive income (loss)\n (6,866)\n (7,026)\n Total 3M Company shareholders equity\n 9,796\n 11,563\n Noncontrolling interest\n 52 59 Total equity\n $ 9,848\n $ 11,622\n Total liabilities equity\n $ 36,500\n $ 37,987\n accompanying Notes Consolidated Financial Statements integral part of statement.\n 58"}
{"_id": "dd2ac410c", "title": "", "text": "TABLE 1: SUMMARY OF FINANCIAL PERFORMANCE\nYears Ended December 31,\nChange\nChange\n(Millions, except percentages, per share amounts and where indicated)\n2022\n2021\n2020\n2022 vs. 2021\n2021 vs. 2020\nSelected Income Statement Data\nTotal revenues net of interest expense\n$\n52,862\n$\n42,380\n$\n36,087\n$\n10,482 \n25 %\n$\n6,293 \n17 %\nProvisions for credit losses\n2,182\n(1,419)\n4,730\n3,601 \n#\n(6,149)\n#\nExpenses\n41,095\n33,110\n27,061\n7,985 \n24 \n6,049 \n22 \nPretax income\n9,585\n10,689\n4,296\n(1,104)\n(10)\n6,393 \n#\nIncome tax provision\n2,071\n2,629\n1,161\n(558)\n(21)\n1,468 \n#\nNet income\n7,514\n8,060\n3,135\n(546)\n(7)\n4,925 \n#\nEarnings per common share diluted \n$\n9.85\n$\n10.02\n$\n3.77\n$\n(0.17)\n(2)%\n$\n6.25 \n# %\nCommon Share Statistics \nCash dividends declared per common share\n$\n2.08\n$\n1.72\n$\n1.72\n$\n0.36 \n21 %\n$\n \n %\nAverage common shares outstanding:\nBasic\n751\n789\n805\n(38)\n(5)%\n(16)\n(2)%\nDiluted\n752\n790\n806\n(38)\n(5)%\n(16)\n(2)%\nSelected Metrics and Ratios\nNetwork volumes (Billions)\n$\n1,552.8\n$\n1,284.2\n$\n1,037.8\n$\n269 \n21 %\n$\n246 \n24 %\nReturn on average equity \n32.3 %\n33.7 %\n14.2 %\nNet interest income divided by average Card Member loans\n10.4 %\n10.2 %\n10.7 %\nNet interest yield on average Card Member loans\n10.6 %\n10.7 %\n11.5 %\nEffective tax rate\n21.6 %\n24.6 %\n27.0 %\nCommon Equity Tier 1\n10.3 %\n10.5 %\n13.5 %\nSelected Balance Sheet Data\nCash and cash equivalents\n$\n33,914\n$\n22,028\n$\n32,965\n$\n11,886 \n54 %\n$\n(10,937)\n(33)%\nCard Member receivables\n57,613\n53,645\n43,701\n3,968 \n7 \n9,944 \n23 \nCard Member loans\n107,964\n88,562\n73,373\n19,402 \n22 \n15,189 \n21 \nCustomer deposits\n110,239\n84,382\n86,875\n25,857 \n31 \n(2,493)\n(3)\nLong-term debt\n$\n42,573\n$\n38,675\n$\n42,952\n$\n3,898 \n10 %\n$\n(4,277)\n(10)%\n\nTABLE 1: SUMMARY FINANCIAL PERFORMANCE\n Years Ended December 31,\n Change\n Change\n (Millions percentages share amounts indicated\n 2022\n 2021\n 2020\n 2022 vs. 2021\n 2021. 2020\n Selected Income Statement Data\n Total revenues net interest expense\n 52,862\n 42,380\n 36,087\n 10,482\n 25 %\n 6,293\n 17 %\n Provisions credit losses\n 2,182\n (1,419)\n 3,601\n (6,149)\n Expenses\n 41,095\n 33,110\n 27,061\n 7,985\n 24\n 22\n Pretax income\n 10,689\n 4,296\n (1,104)\n 6,393\n Income tax provision\n 2,071\n 2,629\n 1,161\n (558)\n 1,468\n Net income\n 7,514\n 8,060\n 3,135\n (546)\n Earnings per common share diluted\n 9. 85\n $ 10. 02\n 3. 77\n $. 17)\n (2)% 6. 25\n Common Share Statistics\n Cash dividends declared per common share\n 2. 08\n 1. 72\n 1. 72\n. 36\n 21 %\n Average common shares outstanding\n 751\n 789\n 805\n (38)\n (5) (16) (2)% Diluted\n 752\n 790\n 806\n (38)\n (5)% (16)% Selected Metrics Ratios\n Network volumes (Billions)\n $\n 1,552. 8\n $ 1,284. 2\n 1,037. 8\n 269\n 21 %\n 246\n 24 %\n Return on average equity\n 32. 3 %\n 33. 7 %\n 14. 2 %\n Net interest income divided average Card Member loans\n 10. 4 %\n 10. 2 %\n 10. 7 %\n Net interest yield average Card Member loans\n 10.6 %\n 10. 7 %\n 11. 5 %\n tax rate\n 21. 6 %\n 24. 6 %\n 27. %\n Equity Tier 1\n 10. 3 %\n. 5 %\n 13. 5 %\n Selected Balance Sheet\n Cash equivalents\n 33,914\n 22,028\n 32,965\n $ 11,886\n 54 %\n (10,937)\n (33)%\n Member receivables\n 57,613\n 53,645\n 43,701\n 9,944\n 23 Member loans\n 107,964\n 88,562\n 73,373\n 19,402\n 22 15,189\n deposits\n 110,239\n 84,382\n 86,875\n 25,857\n 31\n (2,493)\n Long-term debt\n 42,573\n $ 38,675\n 42,952\n $ 3,898\n 10 %\n (4,277)\n"}
{"_id": "dd2af6f08", "title": "", "text": "We are very pleased with our performance and business momentum as our categories and \ngeographies remained resilient during the first quarter. Given our strong start to the year, we \nnow expect our full-year 2023 organic revenue to increase 8 percent (previously 6 percent) and \ncore constant currency EPS to increase 9 percent (previously 8 percent), said Chairman and \nCEO Ramon Laguarta.\n\npleased with performance business momentum as categories\n geographies remained resilient during first quarter. strong start to year,\n now expect full-year 2023 organic revenue to increase 8 percent (previously 6 percent)\n core constant currency EPS to increase 9 percent (previously 8 percent), said Chairman and\n CEO Ramon Laguarta."}
{"_id": "dd2b15b1a", "title": "", "text": "Walmart Inc.\nConsolidated Statements of Income\n \n \nFiscal Years Ended January 31,\n(Amounts in millions, except per share data)\n \n2018\n \n2017\n \n2016\nRevenues:\n \n \n \nNet sales\n $\n495,761\n $\n481,317 $\n478,614\nMembership and other income\n \n4,582\n \n4,556 \n3,516\nTotal revenues\n \n500,343\n \n485,873 \n482,130\nCosts and expenses:\n \n \n \nCost of sales\n \n373,396\n \n361,256 \n360,984\nOperating, selling, general and administrative expenses\n \n106,510\n \n101,853 \n97,041\nOperating income\n \n20,437\n \n22,764 \n24,105\nInterest:\n \n \n \nDebt\n \n1,978\n \n2,044 \n2,027\nCapital lease and financing obligations\n \n352\n \n323 \n521\nInterest income\n \n(152) \n(100) \n(81)\nInterest, net\n \n2,178\n \n2,267 \n2,467\nLoss on extinguishment of debt\n \n3,136\n \n \n\nIncome before income taxes\n \n15,123\n \n20,497 \n21,638\nProvision for income taxes\n \n4,600\n \n6,204 \n6,558\nConsolidated net income\n \n10,523\n \n14,293 \n15,080\nConsolidated net income attributable to noncontrolling interest\n \n(661) \n(650) \n(386)\nConsolidated net income attributable to Walmart\n $\n9,862\n $\n13,643 $\n14,694\n \n \n \n \nNet income per common share:\n \n \n \nBasic net income per common share attributable to Walmart\n $\n3.29\n $\n4.40 $\n4.58\nDiluted net income per common share attributable to Walmart\n \n3.28\n \n4.38 \n4.57\n \n \n \n \nWeighted-average common shares outstanding:\n \n \n \nBasic\n \n2,995\n \n3,101 \n3,207\nDiluted\n \n3,010\n \n3,112 \n3,217\n \n \n \n \nDividends declared per common share\n $\n2.04\n $\n2.00 $\n1.96\nSee accompanying notes.\n55\n\nWalmart Inc.\n Consolidated Statements Income\n Fiscal Years Ended January 31,\n (Amounts millions except share data\n 2018\n 2017\n 2016\n Revenues\n Net sales\n $ 495,761\n 481,317 $\n,614\n Membership other income\n 4,582\n 4,556\n 3,516\n Total revenues\n 500,343\n 485,873\n 482,130\n Costs expenses\n Cost sales\n 373,396\n,256\n 360,984\n Operating selling general administrative expenses\n 106,510\n 101,853\n 97,041\n Operating income\n 20,437\n 22,764\n 24,105\n Interest\n Debt\n 1,978\n 2,044\n 2,027\n Capital lease financing obligations\n 352\n 323\n 521\n Interest income\n (152)\n (100) (81) Interest 2,178\n 2,267\n 2,467\n Loss extinguishment debt\n 3,136\n Income before income taxes\n 15,123\n 20,497\n 21,638\n Provision for income taxes\n 4,600\n 6,204\n 6,558\n Consolidated net income\n 10,523\n 14,293\n 15,080\n Consolidated net income attributable noncontrolling interest\n (661)\n (650) (386) Consolidated net income attributable Walmart\n 13,643 $\n 14,694\n Net income per common share\n Basic net income common share attributable Walmart\n 3. 29\n 4. 40 $\n. 58\n Diluted net income per common share attributable Walmart\n. 28\n. 38\n. 57\n Weighted-average common shares outstanding\n 2,995\n 3,101\n 3,207\n Diluted 3,010\n3,112\n 3,217\n Dividends declared common share\n $\n 2. 04\n $ 2.\n 1. 96\n notes.\n 55"}
{"_id": "dd2ac1c4a", "title": "", "text": "Three Months Ended June 30\nTwelve Months Ended June 30\n($ million)\nFlexibles\nRigid \nPackaging\nTotal\nFlexibles\nRigid \nPackaging\nTotal\nNet sales fiscal year 2023\n \n2,777 \n897 \n3,673 \n \n11,154 \n3,540 \n14,694 \nNet sales fiscal year 2022\n \n2,967 \n942 \n3,909 \n \n11,151 \n3,393 \n14,544 \nReported Growth %\n (6) \n (5) \n (6) \n \n 4 \n 1 \nFX %\n 1 \n (1) \n \n (4) \n (1) \n (3) \nConstant Currency Growth %\n (7) \n (4) \n (6) \n 4 \n 5 \n 4 \nRaw Material Pass Through %\n 1 \n \n 1 \n 5 \n 8 \n 5 \nItems affecting comparability %\n (3) \n \n (2) \n (2) \n \n (1) \nComparable Constant Currency \nGrowth %\n (5) \n (4) \n (5) \n 1 \n (3) \n \nVolume %\n (7) \n (6) \n (7) \n (3) \n (4) \n (3) \nPrice/Mix %\n 2 \n 2 \n 2 \n 4 \n 1 \n 3\n\nThree Months Ended June 30\n Twelve Months Ended June 30\n$ million\n Flexibles\n Rigid Packaging\n sales fiscal year 2023\n 2\n 897\n 3,673\n 11,154\n 3,540\n 14,694\n sales fiscal year 2022\n 2,967\n 942\n 11,151\n 3,393\n 14,544\n Reported Growth %\n (6)\n (5) (6) 4 1 FX %\n 1\n (1) (4)\n (1) (3) Constant Currency Growth %\n (7)\n (4) (6) 4 5\n Material Pass %\n 1 1 5\n 8\n 5 Items affecting comparability %\n (3)\n (2) Comparable Constant Currency\n Growth %\n (5)\n (4) 1 (3) Volume %\n (7)\n (6)\n (7)\n (3) (4)\n Price/Mix %\n 2\n 2\n 2\n 4\n 1\n 3"}
{"_id": "dd2ad3ecc", "title": "", "text": "ConsolidatedStatementsofOperations\n\nFortheYearsEndedDecember31,\nIn millions, except per share amounts\n2018\n\n2017\n\n2016\nRevenues:\n\n \n \nProducts\n$\n183,910 $\n180,063 $\n173,377\nPremiums\n8,184 \n3,558 \n3,069\nServices\n1,825 \n1,144 \n1,080\nNetinvestmentincome\n660 \n21 \n20\nTotalrevenues\n194,579 \n184,786 \n177,546\nOperatingcosts:\n\n \n \nCostofproductssold\n156,447 \n153,448 \n146,533\nBenefitcosts\n6,594 \n2,810 \n2,179\nGoodwillimpairments\n6,149 \n181 \n\nOperatingexpenses\n21,368 \n18,809 \n18,448\nTotaloperatingcosts\n190,558 \n175,248 \n167,160\nOperatingincome\n4,021 \n9,538 \n10,386\nInterestexpense\n2,619 \n1,062 \n1,078\nLossonearlyextinguishmentofdebt\n \n \n643\nOtherexpense(income)\n(4) \n208 \n28\nIncomebeforeincometaxprovision\n1,406 \n8,268 \n8,637\nIncometaxprovision\n2,002 \n1,637 \n3,317\nIncome(loss)fromcontinuingoperations\n(596) \n6,631 \n5,320\nLossfromdiscontinuedoperations,netoftax\n \n(8) \n(1)\nNetincome(loss)\n(596) \n6,623 \n5,319\nNet(income)lossattributabletononcontrollinginterests\n2 \n(1) \n(2)\nNetincome(loss)attributabletoCVSHealth\n$\n(594) $\n6,622 $\n5,317\n\n\n \n \nBasicearnings(loss)pershare:\n\n \n \nIncome(loss)fromcontinuingoperationsattributabletoCVSHealth\n$\n(0.57) $\n6.48 $\n4.93\nLossfromdiscontinuedoperationsattributabletoCVSHealth\n$\n $\n(0.01) $\n\nNetincome(loss)attributabletoCVSHealth\n$\n(0.57) $\n6.47 $\n4.93\nWeightedaveragebasicsharesoutstanding\n1,044 \n1,020 \n1,073\nDilutedearnings(loss)pershare:\n\n \n \nIncome(loss)fromcontinuingoperationsattributabletoCVSHealth\n$\n(0.57) $\n6.45 $\n4.91\nLossfromdiscontinuedoperationsattributabletoCVSHealth\n$\n $\n(0.01) $\n\nNetincome(loss)attributabletoCVSHealth\n$\n(0.57) $\n6.44 $\n4.90\nWeightedaveragedilutedsharesoutstanding\n1,044 \n1,024 \n1,079\nDividendsdeclaredpershare\n$\n2.00 $\n2.00 $\n1.70\n\n\n \n \nSeeaccompanyingnotestoconsolidatedfinancialstatements.\nPage38\n\nConsolidatedStatementsofOperations\n FortheYearsEndedDecember31\n millions share amounts\n 2018\n 2017 2016 Revenues\n Products $ 183,910 $\n 180,063 $\n 173,377\n Premiums\n 8,184\n 3,558\n 1,825\n 1,144\n 1,080\n Netinvestmentincome\n 21\n 20 Totalrevenues\n 194,579\n 184,786\n 177,546\n Operatingcosts\n Costofproductssold\n 156,447\n 153,448\n 146,533\n Benefitcosts\n 6,594\n 2,810\n 2,179\n Goodwillimpairments\n 6,149\n 181 Operatingexpenses\n 21,368\n 18,809\n 18,448\n Totaloperatingcosts\n 190,558\n 175,248\n 167,160\n Operatingincome\n 4,021\n 9,538\n 10,386\n Interestexpense\n 2,619\n 1,062\n 1,078\n Lossonearlyextinguishmentofdebt\n 643\n Otherexpense(income)\n 208 28 Incomebeforeincometaxprovision 1,406\n 8,268\n 8,637\n Incometaxprovision 2,002\n 1,637\n 3,317\n Income(loss)fromcontinuingoperations\n (596)\n 5,320\n Lossfromdiscontinuedoperations,netoftax\n Netincome(loss)\n (596)\n 5,319\n Net(income)lossattributabletononcontrollinginterests\n 2 Netincome)attributabletoCVSHealth\n $ (594)\n 6,622 $\n 5,317\n Basicearnings(loss)pershare\n Income(loss)fromcontinuingoperationsattributabletoCVSHealth\n.\n 6. 48 $\n 4.\n LossfromdiscontinuedoperationsattributabletoCVSHealth\n.\nNetincome(loss)attributabletoCVSHealth\n $ (0.\n 6. 47\n 4. 93\n Weightedaveragebasicsharesoutstanding\n 1,044\n 1,020\n 1,073\n Dilutedearnings(loss)pershare\n Income(loss)fromcontinuingoperationsattributabletoCVSHealth\n (0.\n 6. 45\n 4. 91\n LossfromdiscontinuedoperationsattributabletoCVSHealth\n (0. 01)\n Netincome(loss)attributabletoCVSHealth\n (0.\n 6. 44\n 4. 90\n Weightedaveragedilutedsharesoutstanding\n 1,044\n 1,024\n 1,079\n Dividendsdeclaredpershare\n $ 2. 00 $\n 2.\n 1. 70\n Seeaccompanyingnotestoconsolidatedfinancialstatements.\n Page38"}
{"_id": "dd2add62a", "title": "", "text": "Average total VaR decreased by $7 million for the three \nmonths ended June 30, 2023, compared with the same \nperiod in the prior year predominantly driven by risk \nreductions impacting Credit Portfolio VaR as well as fixed \nincome\n\nAverage total VaR decreased $7 million three\n months ended June 30, 2023, compared with same\n period prior year predominantly driven by risk\n reductions impacting Credit Portfolio VaR fixed\n income"}
{"_id": "dd2ac4ef4", "title": "", "text": "Table of Contents\nAmerican Water Works Company, Inc. and Subsidiary Companies\nConsolidated Statements of Cash Flows\n(In millions)\n \nFor the Years Ended December 31,\n \n2021\n2020\n2019\nCASH FLOWS FROM OPERATING ACTIVITIES\n \n \n \nNet income\n$\n1,263 \n$\n709 \n$\n621 \nAdjustments to reconcile to net cash flows provided by operating activities:\n \n \n \nDepreciation and amortization\n636 \n604 \n582 \nDeferred income taxes and amortization of investment tax credits\n230 \n207 \n208 \nProvision for losses on accounts receivable\n37 \n34 \n28 \n(Gain) or loss on sale of businesses\n(747)\n \n34 \nPension and non-pension postretirement benefits\n(41)\n(14)\n17 \nOther non-cash, net\n(23)\n(20)\n(41)\nChanges in assets and liabilities:\n \n \n \nReceivables and unbilled revenues\n(74)\n(97)\n(25)\nPension and non-pension postretirement benefit contributions\n(40)\n(39)\n(31)\nAccounts payable and accrued liabilities\n66 \n(2)\n66 \nOther assets and liabilities, net\n134 \n44 \n(76)\nNet cash provided by operating activities\n1,441 \n1,426 \n1,383 \nCASH FLOWS FROM INVESTING ACTIVITIES\n \n \n \nCapital expenditures\n(1,764)\n(1,822)\n(1,654)\nAcquisitions, net of cash acquired\n(135)\n(135)\n(235)\nProceeds from sale of assets, net of cash on hand\n472 \n2 \n48 \nRemoval costs from property, plant and equipment retirements, net\n(109)\n(106)\n(104)\nNet cash used in investing activities\n(1,536)\n(2,061)\n(1,945)\nCASH FLOWS FROM FINANCING ACTIVITIES\n \n \n \nProceeds from long-term debt\n1,118 \n1,334 \n1,530 \nRepayments of long-term debt\n(372)\n(342)\n(495)\n(Repayments of) proceeds from term loan\n(500)\n500 \n \nNet short-term borrowings with maturities less than three months\n(198)\n(5)\n(178)\n(Remittances) proceeds from issuances of employee stock plans and direct stock purchase plan, net of taxes paid of $18, $17 and $11 in\n2021, 2020 and 2019, respectively\n(1)\n9 \n15 \nAdvances and contributions in aid of construction, net of refunds of $25, $24 and $30 in 2021, 2020 and 2019, respectively\n62 \n28 \n26 \nDebt issuance costs and make-whole premium on early debt redemption\n(26)\n(15)\n(15)\nDividends paid\n(428)\n(389)\n(353)\nAnti-dilutive share repurchases\n \n \n(36)\nNet cash (used in) provided by financing activities\n(345)\n1,120 \n494 \nNet (decrease) increase in cash, cash equivalents and restricted funds\n(440)\n485 \n(68)\nCash, cash equivalents and restricted funds at beginning of period\n576 \n91 \n159 \nCash, cash equivalents and restricted funds at end of period\n$\n136 \n$\n576 \n$\n91 \nCash paid during the year for:\n \n \n \nInterest, net of capitalized amount\n$\n389 \n$\n382 \n$\n383 \nIncome taxes, net of refunds of $6, $2 and $4 in 2021, 2020 and 2019, respectively\n$\n1 \n$\n7 \n$\n12 \nNon-cash investing activity:\n \n \n \nCapital expenditures acquired on account but unpaid as of year end\n$\n292 \n$\n221 \n$\n235 \nSeller promissory note from the sale of the Homeowner Services Group\n$\n720 \n$\n \n$\n \nContingent cash payment from the sale of the Homeowner Services Group\n$\n75 \n$\n \n$\n \nThe accompanying notes are an integral part of these Consolidated Financial Statements.\n86\n\nTable Contents\n American Water Works Company. Subsidiary Companies\n Consolidated Statements Cash Flows\n millions\n Years Ended December 31,\n 2021\n 2020\n 2019\n CASH FLOWS FROM OPERATING\n Net income\n $\n 1,263\n $ 709\n $\n 621\n Adjustments reconcile net cash flows operating activities\n Depreciation amortization\n 636\n 604\n 582\n Deferred income taxes amortization investment tax credits\n 230\n 207\n 208\n Provision losses accounts receivable\n 37\n 34\n 28\n loss sale businesses\n (747)\n 34\n Pension non-pension postretirement benefits\n (41)\n (14)\n 17 non net\n (23)\n (20)\n (41)\n Changes assets liabilities\n Receivables unbilled revenues\n (74)\n (97)\n (25)\n Pension non-pension postretirement benefit contributions\n (40)\n (39)\n (31) Accounts payable accrued liabilities\n 66\n assets liabilities\n 134\n 44\n (76)\n Net cash operating activities\n 1,441\n 1,426\n 1,383\n CASH FLOWS FROM INVESTING\n Capital expenditures\n (1,764)\n (1,822)\n (1,654)\n Acquisitions net cash acquired\n (135)\n (135)\n (235)\n Proceeds from sale assets net cash\n 472\n 2\n 48\n Removal costs property plant equipment retirements\n (109)\n (106)\n (104)\n Net cash investing activities\n (1,536)\n (2,061)\n (1,945)\n CASH FLOWS FROM FINANCING\n Proceeds from long-term debt\n 1,118\n 1,334\n 1,530\n Repayments long-term debt\n (372)\n (342)\n (495)\n (Repayments proceeds term loan\n (500)\n 500\nshort-term borrowings maturities less than three months\n (198)\n (5)\n (178)\n (Remittances proceeds from issuances employee stock plans direct stock purchase plan net taxes paid $18, $17 $11 in\n 2021 2020 2019\n (1)\n 9\n 15\n Advances contributions construction net refunds $25, $24 $30 in 2021, 2020 2019\n 62\n 28\n 26\n Debt issuance costs make-whole premium early debt redemption\n (26)\n (15)\n (15)\n Dividends paid\n (428)\n (389)\n (353)\n Anti-dilutive share repurchases\n (36)\n Net cash (used financing activities\n (345)\n 1,120\n 494\n Net (decrease) increase cash cash equivalents restricted funds\n (440)\n 485\n (68)\n Cash cash equivalents restricted funds beginning period\n 576\n 91\n 159\n Cash cash equivalents restricted funds end of period\n $\n 136\n $\n 576\n $\n 91\n Cash paid during year\n Interest net capitalized amount\n $\n 389\n $\n 382\n $\n 383\n Income taxes net refunds $6, $2 $4 in 2021, 2020 2019\n $\n 1\n $\n 7\n $\n 12\n Non-cash investing activity:\n Capital expenditures acquired account unpaid year end\n $\n 292\n $\n 221\n $\n 235\n Seller promissory note from sale Homeowner Services Group\n $\n 720\n $\n $\n Contingent cash payment sale Homeowner Services Group\n $\n 75\n $\n accompanying notes integral part of Consolidated Financial Statements.\n 86"}
{"_id": "dd2acfb9c", "title": "", "text": "We must minimize disruption caused by production changes, achieve operational stability and implement productivity improvements in order to\nmeet customer demand and maintain our profitability. We have previously announced plans to adjust production rates on several of our\ncommercial aircraft programs. The 787 program is currently producing at low rates and we expect to gradually increase to 5 per month in 2023.\nProduction of the 777X is currently paused and is expected to resume in 2023. The 737 program has experienced operational and supply chain\nchallenges stabilizing production at 31 per month. We plan to gradually increase 737 production rates based on market demand and supply\nchain capacity.\n\nmust minimize disruption caused by production changes achieve operational stability implement productivity improvements to\n meet customer demand maintain profitability. previously announced plans to adjust production rates on several\n commercial aircraft programs. 787 program currently producing at low rates expect to gradually increase to 5 per month in 2023.\n Production of 777X paused expected to resume in 2023. 737 program experienced operational supply chain\n challenges stabilizing production at 31 per month. plan to gradually increase 737 production rates based on market demand supply\n chain capacity."}
{"_id": "dd2ac2dac", "title": "", "text": "Advanced Micro Devices, Inc.\nConsolidated Statements of Cash Flows\nYear Ended\nDecember 31,\n2022\nDecember 25,\n2021\nDecember 26,\n2020\n(In millions)\nCash flows from operating activities:\nNet income\n$\n1,320 \n$\n3,162 \n$\n2,490 \nAdjustments to reconcile net income to net cash provided by operating activities:\nDepreciation and amortization\n4,174 \n407 \n312 \nStock-based compensation\n1,081 \n379 \n274 \nAmortization of debt discount and issuance costs\n \n5 \n14 \nAmortization of operating lease right-of-use assets\n88 \n56 \n42 \nAmortization of inventory fair value adjustment\n189 \n \n \nLoss on debt redemption, repurchase and conversion\n \n7 \n54 \nLoss on sale or disposal of property and equipment\n16 \n34 \n33 \nDeferred income taxes\n(1,505)\n308 \n(1,223)\n(Gains) losses on equity investments, net\n62 \n(56)\n(2)\nOther\n(14)\n(7)\n8 \nChanges in operating assets and liabilities:\nAccounts receivable, net\n(1,091)\n(640)\n(219)\nInventories\n(1,401)\n(556)\n(417)\nReceivables from related parties\n(13)\n8 \n10 \nPrepaid expenses and other assets\n(1,197)\n(920)\n(231)\nPayables to related parties\n379 \n7 \n(135)\nAccounts payable\n931 \n801 \n(513)\nAccrued liabilities and other\n546 \n526 \n574 \nNet cash provided by operating activities\n3,565 \n3,521 \n1,071 \nCash flows from investing activities:\nPurchases of property and equipment\n(450)\n(301)\n(294)\nPurchases of short-term investments\n(2,667)\n(2,056)\n(850)\nProceeds from maturity of short-term investments\n4,310 \n1,678 \n192 \nCash received from acquisition of Xilinx\n2,366 \n \n \nAcquisition of Pensando, net of cash acquired\n(1,544)\n \n \nOther\n(16)\n(7)\n \nNet cash provided by (used in) investing activities\n1,999 \n(686)\n(952)\nCash flows from financing activities:\nProceeds from debt, net of issuance costs\n991 \n \n200 \nRepayment of debt\n(312)\n \n(200)\nProceeds from sales of common stock through employee equity plans\n167 \n104 \n85 \nRepurchases of common stock\n(3,702)\n(1,762)\n \nCommon stock repurchases for tax withholding on employee equity plans\n(406)\n(237)\n(78)\nOther\n(2)\n \n(1)\nNet cash (used in) provided by financing activities\n(3,264)\n(1,895)\n6 \nNet increase in cash and cash equivalents\n2,300 \n940 \n125 \nCash and cash equivalents at beginning of year\n2,535 \n1,595 \n1,470 \nCash and cash equivalents at end of year\n$\n4,835 \n$\n2,535 \n$\n1,595\n\nAdvanced Micro Devices Inc.\n Consolidated Statements Cash Flows\n Year Ended\n December 31,\n 2022\n December 25,\n 2021\n December 26,\n 2020\n millions\n Cash flows operating activities\n Net income\n $ 1,320\n $ 3,162\n $\n 2,490\n Adjustments reconcile net income cash operating activities\n Depreciation amortization\n 4,174\n 407\n 312\n Stock-based compensation\n 1,081\n 379\n 274\n Amortization debt discount issuance costs\n 5\n 14\n Amortization operating lease right-of-use assets\n 88\n 56\n 42\n Amortization inventory fair value adjustment\n 189\n Loss debt redemption repurchase conversion\n 7\n 54\n Loss sale disposal property equipment\n 16\n 34\n 33\n Deferred income taxes\n (1,505)\n 308\n (1,223)\n losses equity investments\n 62\n (56)\n (14)\n Changes operating assets liabilities\n Accounts receivable\n (1,091)\n (640)\n (219)\n Inventories\n (1,401)\n (556)\n (417)\n Receivables related parties\n (13)\n 8\n 10 Prepaid expenses other assets\n (1,197)\n (920)\n (231)\n Payables related parties\n 7\n (135)\n Accounts payable\n 931\n 801\n (513)\n Accrued liabilities\n 526\n Net cash operating activities\n 3,565\n 3,521\n 1,071\n Cash flows investing activities\n Purchases property equipment\n (450)\n (301)\n (294)\n Purchases short-term investments\n (2,667)\n (2,056)\n (850)\n Proceeds maturity short-term investments\n 4,310\n 1,678\n 192 Cash Xilinx\n 2,366\n Acquisition Pensando cash acquired\n (1,544)\n (16)\n (7)\nNet cash provided investing activities\n 1,999\n (686)\n (952)\n Cash flows financing activities\n Proceeds debt issuance costs\n 991\n 200\n Repayment debt\n (312)\n (200)\n Proceeds sales common stock employee equity plans\n 167\n 104\n 85\n Repurchases common stock\n (3,702)\n (1,762)\n Common stock repurchases tax withholding employee equity plans\n (406)\n (237)\n (78)\n (2)\n (1) Net cash (used financing activities\n (3,264)\n (1,895)\n 6\n increase cash cash equivalents\n 2,300\n 940\n 125\n Cash cash equivalents beginning year\n 2,535\n 1,595\n 1,470\n Cash cash equivalents end year\n $\n 4,835\n $\n 2,535\n $\n 1,595"}
{"_id": "dd2ac58e0", "title": "", "text": "Table of Contents\nConsolidated Balance Sheets\n$ in millions, except per share and share amounts\n\n\nFebruary 2, 2019\n\nFebruary 3, 2018\nAssets\n \n \nCurrent assets\n \n \nCashandcashequivalents\n $\n1,980 $\n1,101\nShort-terminvestments\n\n \n2,032\nReceivables,net\n\n1,015 \n1,049\nMerchandiseinventories\n\n5,409 \n5,209\nOthercurrentassets\n\n466 \n438\nTotalcurrentassets\n\n8,870 \n9,829\nProperty and equipment\n \n \nLandandbuildings\n\n637 \n623\nLeaseholdimprovements\n\n2,119 \n2,327\nFixturesandequipment\n\n5,865 \n5,410\nPropertyundercapitalandfinancingleases\n\n579 \n340\nGrosspropertyandequipment\n\n9,200 \n8,700\nLessaccumulateddepreciation\n\n6,690 \n6,279\nNetpropertyandequipment\n\n2,510 \n2,421\nGoodwill\n\n915 \n425\nOther assets\n\n606 \n374\nTotal assets\n $\n12,901 $\n13,049\n\n \n \nLiabilities and equity\n \n \nCurrent liabilities\n \n \nAccountspayable\n $\n5,257 $\n4,873\nUnredeemedgiftcardliabilities\n\n290 \n385\nDeferredrevenue\n\n446 \n453\nAccruedcompensationandrelatedexpenses\n\n482 \n561\nAccruedliabilities\n\n982 \n1,001\nCurrentportionoflong-termdebt\n\n56 \n544\nTotalcurrentliabilities\n\n7,513 \n7,817\nLong-term liabilities\n\n750 \n809\nLong-term debt\n\n1,332 \n811\nContingencies and commitments (Note 13)\n\n\nEquity\n \n \nBestBuyCo.,Inc.Shareholders'Equity\n \n \nPreferredstock,$1.00parvalue:Authorized400,000shares;Issuedandoutstandingnone\n\n \n\nCommonstock,$0.10parvalue:Authorized1.0billionshares;Issuedandoutstanding265,703,000and\n282,988,000shares,respectively\n\n27 \n28\nAdditionalpaid-incapital\n\n \n\nRetainedearnings\n\n2,985 \n3,270\nAccumulatedothercomprehensiveincome\n\n294 \n314\nTotalequity\n\n3,306 \n3,612\nTotal liabilities and equity\n $\n12,901 $\n13,049\nSeeNotestoConsolidatedFinancialStatements.\n50\n\nContents\n Consolidated Balance Sheets\n millions share amounts\n February 2, 2019\n February 3, 2018\n Assets\n Current assets Cashandcashequivalents $ 1,980 $\n 1,101\n Short-terminvestments\n 2,032\n Receivables\n 1,015\n 1,049\n Merchandiseinventories\n 5,409\n 5,209\n Othercurrentassets\n 466\n 438\n Totalcurrentassets 8,870\n Property equipment\n Landandbuildings 637\n 623\n Leaseholdimprovements\n 2,119\n 2,327\n Fixturesandequipment 5,865\n 5,410\n Propertyundercapitalandfinancingleases 579\n 340\n Grosspropertyandequipment 9,200\n 8,700\n Lessaccumulateddepreciation\n 6,690\n 6,279\n Netpropertyandequipment 2,510\n 2,421\n Goodwill\n 915\n 425\n Other assets\n 606\n 374\n Total assets\n $ 12,901 $\n 13,049\n Liabilities equity\n Current liabilities Accountspayable\n $ 5,257 $\n Unredeemedgiftcardliabilities\n 290\n 385\n Deferredrevenue\n 446\n Accruedcompensationandrelatedexpenses 482\n Accruedliabilities 982\n 1,001\n Currentportionoflong-termdebt\n 56 544\n Totalcurrentliabilities\n 7,513\n Long-term liabilities\n 750\n 809 1,332\n 811\n Contingencies commitments (Note 13)\n Equity\n BestBuyCo. Shareholders'Equity\n Preferredstock$1. 00parvalue:Authorized400,000shares\n Commonstock$0.10parvalue:Authorized1. 0billionshares\n 282,988,000shares\n 27\n 28 Additionalpaid-incapital\n Retainedearnings 2,985\n 3,270\n Accumulatedothercomprehensiveincome\n 294\n 314\n Totalequity\n 3,306\n 3,612\n liabilities equity\n 12,901\n 13,049\n SeeNotestoConsolidatedFinancialStatements.\n 50"}
{"_id": "dd2abea5e", "title": "", "text": "ADOBE INC.\nCONSOLIDATED STATEMENTS OF INCOME\n(In millions, except per share data)\n \nYears Ended\n \nDecember 2,\n2022\nDecember 3,\n2021\nNovember 27,\n2020\nRevenue:\n \nSubscription\n$ \n16,388 $ \n14,573 $ \n11,626 \nProduct\n \n532 \n555 \n507 \nServices and other\n \n686 \n657 \n735 \nTotal revenue\n \n17,606 \n15,785 \n12,868 \n \nCost of revenue:\nSubscription\n \n1,646 \n1,374 \n1,108 \nProduct\n \n35 \n41 \n36 \nServices and other\n \n484 \n450 \n578 \nTotal cost of revenue\n \n2,165 \n1,865 \n1,722 \n \nGross profit\n \n15,441 \n13,920 \n11,146 \n \nOperating expenses:\nResearch and development\n \n2,987 \n2,540 \n2,188 \nSales and marketing\n \n4,968 \n4,321 \n3,591 \nGeneral and administrative\n \n1,219 \n1,085 \n968 \nAmortization of intangibles\n \n169 \n172 \n162 \nTotal operating expenses\n \n9,343 \n8,118 \n6,909 \n \nOperating income\n \n6,098 \n5,802 \n4,237\n\nINC.\n CONSOLIDATED STATEMENTS INCOME\n millions share data\n Years Ended December 2,\n 2022\n December 3,\n 2021\n November 27,\n 2020\n Revenue\n Subscription\n $ 16,388 $\n 14,573 $\n 11,626\n Product 532\n 555\n 507\n Services\n 686\n 657\n 735 Total revenue\n 17,606\n 15,785\n 12,868\n Cost revenue\n Subscription\n 1,646\n 1,374\n 1,108\n Product 35 41 36 Services\n 484\n 450\n Total cost revenue\n 2,165\n 1,865\n 1,722\n profit\n 15,441\n 13,920\n 11,146\n Operating expenses\n Research development\n 2,987\n 2,540\n 2,188\n Sales marketing\n 4,968\n 4,321\n 3,591\n General administrative\n 1,219\n 1,085\n 968\n Amortization intangibles\n 169 172 162 Total operating expenses\n 9,343\n 8,118\n Operating income\n 6,098\n 4,237"}
{"_id": "dd2ac1056", "title": "", "text": "On August 1, 2022, the Company completed the acquisition of 100% equity interest in a Czech Republic company that operates a world-class\nflexible packaging manufacturing plant. The purchase consideration of $59 million included a deferred portion of $5 million that was paid in the\nfirst quarter of fiscal year 2024. The acquisition is part of the Company's Flexibles reportable segment and resulted in the recognition of acquired\nidentifiable net assets of $36 million and goodwill of $23 million. Goodwill is not deductible for tax purposes. The fair values of the identifiable\nnet assets acquired and goodwill are based on the Company's best estimate as of June 30, 2023.\n On March 17, 2023, the Company completed the acquisition of 100% equity interest in a medical device packaging manufacturing site in\nShanghai, China. The purchase consideration of $60 million is subject to customary post-closing adjustments. The consideration includes\ncontingent consideration of $20 million, to be earned and paid in cash over the three years following the acquisition date, subject to meeting\ncertain performance targets. The acquisition is part of the Company's Flexibles reportable segment and resulted in the recognition of acquired\nidentifiable net assets of $21 million and goodwill of $39 million. Goodwill is not deductible for tax purposes. The fair values of the contingent\nconsideration, identifiable net assets acquired, and goodwill are based on the Company's best estimate as of June 30, 2023, and are considered\npreliminary. The Company aims to complete the purchase price allocation as soon as practicable but no later than one year from the date of the\nacquisition.\n On May 31, 2023, the Company completed the acquisition of a New Zealand based leading manufacturer of state-of-the-art, automated protein\npackaging machines. The purchase consideration of $45 million is subject to customary post-closing adjustments. The consideration includes\ncontingent consideration of $13 million, to be earned and paid in cash over the two years following the acquisition date, subject to meeting\ncertain performance targets. The acquisition is part of the Company's Flexibles reportable segment and resulted in the recognition of acquired\nidentifiable net assets of $9 million and goodwill of $36 million. Goodwill is deductible for tax purposes. The fair values of the contingent\nconsideration, identifiable net assets acquired, and goodwill are based on the Company's best estimate as of June 30, 2023, and are considered\npreliminary. The Company aims to complete the purchase price allocation as soon as practicable but no later than one year from the date of the\nacquisition.\n\nAugust 1, 2022 Company completed acquisition of 100% equity interest in Czech Republic company operates world-class\n flexible packaging manufacturing plant. purchase consideration $59 million included deferred portion of $5 million paid in\n first quarter of fiscal year 2024. acquisition part of Company's Flexibles reportable segment resulted in recognition of acquired\n identifiable net assets $36 million goodwill of $23 million. Goodwill not deductible for tax. fair values of identifiable\n net assets acquired goodwill based on Company's best estimate as of June 30, 2023.\n March 17, 2023 Company completed acquisition of 100% equity interest in medical device packaging manufacturing site in\n Shanghai, China. purchase consideration $60 million subject to customary post-closing adjustments. consideration includes\n contingent consideration of $20 million earned paid in cash over three years following acquisition date subject to meeting\n certain performance targets. acquisition part of Company's Flexibles reportable segment resulted in recognition of acquired\n identifiable net assets of $21 million goodwill of $39 million. Goodwill not deductible for tax. fair values of contingent\n consideration, identifiable net assets acquired goodwill based on Company's best estimate as of June 30, 2023 considered\n preliminary. Company aims to complete purchase price allocation soon as practicable no later than one year from date of\n acquisition.\n May 31, 2023 Company completed acquisition of New Zealand based leading manufacturer of state-of-the-art automated protein\n packaging machines. purchase consideration of $45 million subject to customary post-closing adjustments. consideration includes\n contingent consideration of $13 million earned paid in cash over two years following acquisition date subject to meeting\n certain performance targets. acquisition part of Company's Flexibles reportable segment resulted in recognition of acquired\n identifiable net assets of $9 million goodwill of $36 million.Goodwill deductible for tax purposes. fair values of contingent\n consideration, identifiable net assets acquired goodwill based on Company's best estimate as of June 30, 2023 considered\n preliminary. Company aims to complete purchase price allocation as soon as practicable no later than one year from date\n acquisition."}
{"_id": "dd2ae0e2e", "title": "", "text": "MGMRESORTSINTERNATIONALANDSUBSIDIARIES\nCONSOLIDATEDBALANCESHEETS\n(Inthousands,exceptsharedata)\n \n \n\nDecember31,\n\n\n\n2018\n\n\n2017\n\nASSETS\n\nCurrentassets\n \n \n \n \nCash and cash equivalents\n $\n1,526,762 \n $\n1,499,995 \nAccounts receivable, net\n \n657,206 \n \n542,273 \nInventories\n \n110,831 \n \n102,292 \nIncome tax receivable\n \n28,431 \n \n42,551 \nPrepaid expenses and other\n \n203,548 \n \n189,244 \nTotal current assets\n \n2,526,778 \n \n2,376,355 \n \n \n \n \n \nPropertyandequipment,net\n \n20,729,888 \n \n19,635,459 \n \n \n \n \n \nOtherassets\n \n \n \n \nInvestments in and advances to unconsolidated affiliates\n \n732,867 \n \n1,033,297 \nGoodwill\n \n1,821,392 \n \n1,806,531 \nOther intangible assets, net\n \n3,944,463 \n \n3,877,960 \nOther long-term assets, net\n \n455,318 \n \n430,440 \nTotal other assets\n \n6,954,040 \n \n7,148,228 \n \n $\n30,210,706 \n $\n29,160,042 \nLIABILITIESANDSTOCKHOLDERS'EQUITY\n\nCurrentliabilities\n \n \n \n \nAccounts payable\n $\n302,578 \n $\n255,028 \nConstruction payable\n \n311,793 \n \n474,807 \nCurrent portion of long-term debt\n \n43,411 \n \n158,042 \nAccrued interest on long-term debt\n \n140,046 \n \n135,785 \nOther accrued liabilities\n \n2,151,054 \n \n2,114,635 \nTotal current liabilities\n \n2,948,882 \n \n3,138,297 \n \n \n \n \n \nDeferredincometaxes,net\n \n1,342,538 \n \n1,295,375 \nLong-termdebt,net\n \n15,088,005 \n \n12,751,052 \nOtherlong-termobligations\n \n259,240 \n \n284,416 \nCommitmentsandcontingencies(Note11)\n \n \n \n \nRedeemablenoncontrollinginterests\n \n102,250 \n \n79,778 \nStockholders'equity\n \n \n \n \nCommon stock, $.01 par value: authorized 1,000,000,000 shares, issued and\n outstanding 527,479,528 and 566,275,789 shares\n \n5,275 \n \n5,663 \nCapital in excess of par value\n \n4,092,085 \n \n5,357,709 \nRetained earnings\n \n2,423,479 \n \n2,217,299 \nAccumulated other comprehensive loss\n \n(8,556)\n \n(3,610)\nTotal MGM Resorts International stockholders' equity\n \n6,512,283 \n \n7,577,061 \nNoncontrolling interests\n \n3,957,508 \n \n4,034,063 \nTotal stockholders' equity\n \n10,469,791 \n \n11,611,124 \n \n $\n30,210,706 \n $\n29,160,042\n \n \nTheaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.\n \n \n55\n\nMGMRESORTSINTERNATIONALANDSUBSIDIARIES\n CONSOLIDATEDBALANCESHEETS\n (Inthousands,exceptsharedata) December31, 2018 2017 ASSETS Currentassets\n Cash cash equivalents\n $ 1,526,762\n $ 1,499,995\n Accounts receivable\n,206\n,273\n Inventories\n 110,831\n 102,292\n Income tax receivable\n 28,431 42,551\n Prepaid expenses other\n 203,548\n 189,244\n Total current assets\n 2,526,778\n 2,376,355\n Propertyandequipment,net\n 20,729,888\n 19,635,459\n Otherassets Investments advances unconsolidated affiliates\n 732,867\n 1,033,297\n Goodwill 1,821,392\n 1,806,531\n Other intangible assets\n 3,944,463\n 3,877,960\n long-term assets\n 455,318\n 430,440\n Total other assets,040\n 7,148,228\n 30,210,706\n 29,160,042\n LIABILITIESANDSTOCKHOLDERS'EQUITY Currentliabilities\n Accounts payable $ 302,578\n $ 255,028\n Construction payable\n 311,793\n 474,807\n Current portion long-term debt\n 43,411\n 158,042\n Accrued interest long-term debt\n 140,046 135,785\n Other accrued liabilities\n 2,151,054\n 2,114,635\n Total current liabilities\n 2,948,882\n 3,138,297\n Deferredincometaxes,net\n 1,342,538\n 1,295,375\n Long-termdebt,net15,088,005\n 12,751,052\n Otherlong-termobligations\n 259,240\n 284,416\n Commitmentsandcontingencies(Note11) Redeemablenoncontrollinginterests\n 102,250\n 79,778\n Stockholders'equity\n Common stock. value authorized 1,000,000,000 shares issued\n 527,479,528,275,789 shares\n 5,275\n Capital excess par value\n 4,092,085\n 5,357,709\n Retained earnings\n 2,423,479\n 2,217,299\n Accumulated comprehensive loss\n (8,556)\n (3,610) MGM Resorts International stockholders' equity\n 6,512,283\n 7,577,061\n Noncontrolling interests\n 3,957,508\n 4,034,063\n Total stockholders' equity\n 10,469,791\n 11,611,124\n 30,210,706\n 29,160,042\n.\n 55"}
{"_id": "dd2add242", "title": "", "text": "Segment results managed basis\nThe following tables summarize the Firms results by segment for the periods indicated.\nThree months ended June 30,\nConsumer & Community Banking\nCorporate & Investment Bank\nCommercial Banking\n(in millions, except ratios)\n2022\n2021\nChange\n2022\n2021\nChange\n2022\n2021\nChange\nTotal net revenue\n$ \n12,614 $ \n12,760 \n (1) %\n$ 11,947 \n$ \n13,214 \n (10) %\n$ \n2,683 \n$ \n2,483 \n 8 %\nTotal noninterest expense\n \n7,723 \n7,062 \n 9 \n \n6,745 \n \n6,523 \n 3 \n \n1,156 \n \n981 \n 18 \nPre-provision profit/(loss)\n \n4,891 \n5,698 \n (14) \n \n5,202 \n \n6,691 \n (22) \n \n1,527 \n \n1,502 \n 2 \nProvision for credit losses\n \n761 \n(1,868) \nNM\n \n59 \n \n(79) \nNM\n \n209 \n \n(377) \nNM\nNet income/(loss)\n \n3,100 \n5,645 \n(a)\n (45) \n \n3,725 \n \n5,020 \n(a)\n (26) \n \n994 \n \n1,422 \n(a)\n (30) \nReturn on equity (ROE)\n 24 %\n 44 %\n 14 %\n 23 %\n 15 %\n 23 %\nThree months ended June 30,\nAsset & Wealth Management\nCorporate\nTotal\n(in millions, except ratios)\n2022\n2021\nChange\n2022\n2021\nChange\n2022\n2021\nChange\nTotal net revenue\n$ \n4,306 \n$ \n4,107 \n 5 %\n$ \n80 $ (1,169) \nNM\n$ 31,630 \n$ \n31,395 \n 1 %\nTotal noninterest expense\n \n2,919 \n \n2,586 \n 13 \n \n206 \n515 \n (60) \n \n18,749 \n \n17,667 \n 6 \nPre-provision profit/(loss)\n \n1,387 \n \n1,521 \n (9) \n \n(126) \n(1,684) \n 93 \n \n12,881 \n \n13,728 \n (6) \nProvision for credit losses\n \n44 \n \n(10) \nNM\n \n28 \n49 \n (43) \n \n1,101 \n \n(2,285) \nNM\nNet income/(loss)\n \n1,004 \n \n1,156 \n(a)\n (13) \n \n(174) \n(1,295) \n(a)\n 87 \n \n8,649 \n \n11,948 \n (28) \nROE\n \n23 % \n32 %\nNM\nNM\n 13 %\n 18 %\n\nSegment results\n tables summarize Firms results segment periods.\n Three months ended June 30,\n Consumer Community Banking\n Corporate Investment Bank\n Commercial Banking\n millions ratios)\n 2022\n 2021\n Change 2022 2021 Change 2022 2021 Change Total net revenue\n $ 12,614 $\n 12,760\n % 11,947\n 13,214\n 2,683\n 2,483\n 8 %\n Total noninterest expense\n 7,062\n 9 6,745\n 6,523\n 3\n 1,156\n 18\n Pre-provision profit/(loss)\n 4,891 5,698\n (14) 5,202\n (22) 1,527\n 1,502\n 2\n Provision credit losses\n 761\n (1,868)\n 59\n (79)\n 209\n (377)\n NM Net income/(loss)\n 3,100\n 5,645\n (45) 3,725\n 5,020\n (26) 994\n 1,422\n (30) Return on equity (ROE)\n 24 %\n 44 %\n 14 %\n 23 %\n 15 %\n 23 % Three months ended June 30,\n Asset & Wealth Management\n Corporate\n Total millions except ratios)\n 2022\n 2021\n Change 2022 2021 Change 2022 2021 Change Total net revenue\n $\n 4,306\n $\n 4,107\n 5 %\n $ 80 $ (1,169)\n $ 31,630\n $ 31,395\n 1 %\n Total noninterest expense\n 2,919\n 2,586\n 13\n 206\n 515\n (60) 18,749\n 17,667\n 6 Pre-provision profit/(loss)\n 1,387\n 1,521\n (9) (126)\n (1,684)\n 93\n 12,881\n 13,728\n (6)Provision credit losses\n 44\n (10) NM 28\n 49\n (43)\n 1,101\n (2,285)\n Net income(loss)\n 1,004\n 1,156\n (a (13) (174)\n (1,295)\n 87\n 8,649\n 11,948\n (28) ROE\n 23 %\n 32 %\n 13 %\n 18 %"}
{"_id": "dd2ac62ae", "title": "", "text": "Consolidated Statements of Cash Flows\n$ in millions\n \n \n \n \n \n \n \n \n \n \n \n \n \n \nFiscal Years Ended\nJanuary 28, 2023\n \nJanuary 29, 2022\n \nJanuary 30, 2021\nOperating activities\n \n \n \n \n \n \n \n \n \n \n \nNet earnings\n$\n 1,419 \n \n$\n 2,454 \n \n$\n 1,798 \n \nAdjustments to reconcile net earnings to total cash provided by operating activities:\n \n \n \n \n \n \n \n \nDepreciation and amortization\n \n 918 \n \n \n 869 \n \n \n 839 \nRestructuring charges\n \n 147 \n \n \n (34) \n \n \n 254 \nStock-based compensation\n \n 138 \n \n \n 141 \n \n \n 135 \nDeferred income taxes\n \n 51 \n \n \n 14 \n \n \n (36) \nOther, net\n \n 12 \n \n \n 11 \n \n \n 3 \nChanges in operating assets and liabilities, net of acquired assets and liabilities:\n \n \n \n \n \n \n \n \n \nReceivables\n \n (103) \n \n \n 17 \n \n \n 73 \nMerchandise inventories\n \n 809 \n \n \n (328) \n \n \n (435) \nOther assets\n \n (21) \n \n \n (14) \n \n \n (51) \nAccounts payable\n \n (1,099) \n \n \n (201) \n \n \n 1,676 \nIncome taxes\n \n 36 \n \n \n (156) \n \n \n 173 \nOther liabilities\n \n (483) \n \n \n 479 \n \n \n 498 \nTotal cash provided by operating activities\n \n 1,824 \n \n \n 3,252 \n \n \n 4,927 \nInvesting activities\n \n \n \n \n \n \n \n \n \n \n \nAdditions to property and equipment, net of $35, $46 and $32, respectively, of non-cash \ncapital expenditures\n \n (930) \n \n \n (737) \n \n \n (713) \nPurchases of investments\n \n (46) \n \n \n (233) \n \n \n (620) \nSales of investments\n \n 7 \n \n \n 66 \n \n \n 546 \nAcquisitions, net of cash acquired\n \n - \n \n \n (468) \n \n \n - \nOther, net\n \n 7 \n \n \n - \n \n \n (1) \nTotal cash used in investing activities\n \n (962) \n \n \n (1,372) \n \n \n (788) \nFinancing activities\n \n \n \n \n \n \n \n \n \n \n \nRepurchase of common stock\n \n (1,014) \n \n \n (3,502) \n \n \n (312) \nIssuance of common stock\n \n 16 \n \n \n 29 \n \n \n 28 \nDividends paid\n \n (789) \n \n \n (688) \n \n \n (568) \nBorrowings of debt\n \n - \n \n \n - \n \n \n 1,892 \nRepayments of debt\n \n (19) \n \n \n (133) \n \n \n (1,916) \nOther, net\n \n - \n \n \n (3) \n \n \n - \nTotal cash used in financing activities\n \n (1,806) \n \n \n (4,297) \n \n \n (876) \n \n \n \n \n \n \n \n \n \n \n \n \nEffect of exchange rate changes on cash\n \n (8) \n \n \n (3) \n \n \n 7 \nIncrease (decrease) in cash, cash equivalents and restricted cash\n \n (952) \n \n \n (2,420) \n \n \n 3,270 \nCash, cash equivalents and restricted cash at beginning of period\n \n 3,205 \n \n \n 5,625 \n \n \n 2,355 \nCash, cash equivalents and restricted cash at end of period\n$\n 2,253 \n \n$\n 3,205 \n \n$\n 5,625\n\nConsolidated Statements of Cash Flows\n $ in millions\n Fiscal Years Ended\n January 28, 2023\n January 29, 2022\n January 30, 2021\n Operating activities\n Net earnings\n $ 1,419\n $ 2,454\n $ 1,798\n Adjustments to reconcile net earnings to total cash provided by operating activities:\n Depreciation and amortization\n 918\n 869 839\n Restructuring charges\n 147\n (34) 254 Stock-based compensation\n 138 141 135 Deferred income taxes\n 51\n 14\n (36) Other, net 12 11 3 Changes in operating assets and liabilities, net of acquired assets and liabilities:\n Receivables\n (103)\n 17\n 73\n Merchandise inventories\n 809\n (328)\n (435)\n Other assets\n (21) (14) (51) Accounts payable\n (1,099)\n (201)\n 1,676\n Income taxes\n 36\n (156)\n 173 Other liabilities\n (483)\n 479 498 Total cash provided by operating activities\n 1,824\n 3,252\n 4,927 Investing activities\n Additions to property and equipment, net of $35, $46 and $32, respectively, of non-cash\n capital expenditures\n (930)\n (737)\n (713)\n Purchases of investments\n (46) (233)\n (620)\n Sales of investments\n 7 66 546 Acquisitions, net of cash acquired\n - (468)\n - Other, net 7 - (1) Total cash used in investing activities\n (962)\n(1,372)\n (788)\n Financing activities\n Repurchase of common stock\n (1,014)\n (3,502)\n (312)\n Issuance of common stock\n 16\n 29\n 28\n Dividends paid\n (789)\n (688)\n (568)\n Borrowings of debt\n - - 1,892\n Repayments of debt\n (19) (133)\n (1,916)\n Other, net - (3) - Total cash used in financing activities\n (1,806)\n (4,297)\n (876)\n Effect exchange rate changes on cash\n (8) (3) 7 Increase (decrease) in cash, cash equivalents restricted cash\n (952)\n (2,420)\n 3,270\n Cash, cash equivalents restricted cash at beginning of period\n 3,205\n 5,625 2,355\n Cash, cash equivalents restricted cash end of period\n $ 2,253\n $ 3,205\n $ 5,625"}
{"_id": "dd2ac5228", "title": "", "text": "American Water Works Company, Inc. and Subsidiary Companies\nConsolidated Balance Sheets\n(In millions, except share and per share data)\nDecember 31, 2022\nDecember 31, 2021\nASSETS\nProperty, plant and equipment\n$\n29,736 \n$\n27,413 \nAccumulated depreciation\n(6,513)\n(6,329)\nProperty, plant and equipment, net\n23,223 \n21,084 \nCurrent assets:\n \n \nCash and cash equivalents\n85 \n116 \nRestricted funds\n32 \n20 \nAccounts receivable, net of allowance for uncollectible accounts of $60 and $75, respectively\n334 \n271 \nIncome tax receivable\n114 \n4 \nUnbilled revenues\n275 \n248 \nMaterials and supplies\n98 \n57 \nAssets held for sale\n \n683 \nOther\n312 \n155 \nTotal current assets\n1,250 \n1,554\n\nAmerican Water Works Company. Subsidiary Companies\n Consolidated Balance Sheets\n millions except share data\n December 31, 2022\n December 31, 2021\n ASSETS\n Property plant equipment\n $\n 29,736\n 27,413\n Accumulated depreciation\n (6,513)\n (6,329)\n Property plant equipment net\n 23,223\n 21,084\n Current assets\n Cash equivalents\n 85\n 116\n Restricted funds\n 32\n 20\n Accounts receivable allowance uncollectible accounts $60 $75\n 271\n Income tax receivable\n 114\n 4\n Unbilled revenues\n 275\n Materials supplies\n 98\n 57\n Assets sale\n 683\n Other\n 312\n 155\n Total current assets\n 1,250\n 1,554"}
{"_id": "dd2ad1a32", "title": "", "text": "Index\n\n\n\n\nConsolidated Balance Sheets\nCorning Incorporated and Subsidiary Companies\n\n\n\n\n\n\n\n\n\n\n\n\n\nDecember31,\n(Inmillions,exceptshareandpershareamounts)\n2020\n\n2019\n\n\n\n\n\n\nAssets\n\n\n \n\n\n\n \nCurrentassets:\n\n\n \nCashandcashequivalents\n$\n 2,672 $\n2,434\nTradeaccountsreceivable,netofdoubtfulaccounts-$46and$41\n\n 2,133 \n1,836\nInventories,net(Note6)\n\n 2,438 \n2,320\nOthercurrentassets(Note11and15)\n\n 761 \n873\nTotalcurrentassets\n\n 8,004 \n7,463\n\n\n\n \nProperty,plantandequipment,netofaccumulateddepreciation-\n$13,663and$12,995(Note9)\n\n 15,742 \n15,337\nGoodwill,net(Note10)\n\n 2,460 \n1,935\nOtherintangibleassets,net(Note10)\n\n 1,308 \n1,185\nDeferredincometaxes(Note8)\n\n 1,121 \n1,157\nOtherassets(Note11and15)\n\n 2,140 \n1,821\n\n\n\n \nTotal Assets \n$\n 30,775 $\n28,898\n\n\n\n \nLiabilities and Equity\n\n\n \n\n\n\n \nCurrentliabilities:\n\n\n \nCurrentportionoflong-termdebtandshort-termborrowings(Note12)\n$\n 156 $\n11\nAccountspayable\n\n 1,174 \n1,587\nOtheraccruedliabilities(Note11and14)\n\n 2,437 \n1,923\nTotalcurrentliabilities\n\n 3,767 \n3,521\n\n\n\n \nLong-termdebt(Note12)\n\n 7,816 \n7,729\nPostretirementbenefitsotherthanpensions(Note13)\n\n 727 \n671\nOtherliabilities(Note11and14)\n\n 5,017 \n3,980\nTotalliabilities\n\n 17,327 \n15,901\n\n\n\n \nCommitments,contingenciesandguarantees(Note14)\n \n \nShareholdersequity(Note17):\n\n\n \nConvertiblepreferredstock,SeriesAParvalue$100pershare;\nSharesauthorized3,100;Sharesissued:2,300\n\n 2,300 \n2,300\nCommonstockParvalue$0.50pershare;Sharesauthorized:3.8billion;\nSharesissued:1,726millionand1,718million\n\n 863 \n859\nAdditionalpaid-incapitalcommonstock\n\n 14,642 \n14,323\nRetainedearnings\n\n 16,120 \n16,408\nTreasurystock,atcost;sharesheld:961millionand956million\n\n (19,928) \n(19,812)\nAccumulatedothercomprehensiveloss\n\n (740) \n(1,171)\nTotalCorningIncorporatedshareholdersequity\n\n 13,257 \n12,907\nNoncontrollinginterests\n\n 191 \n90\nTotalequity\n\n 13,448 \n12,997\n\n\n\n \nTotal Liabilities and Equity\n$\n 30,775 $\n28,898\n\nTheaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.\n72\n\nIndex\n Consolidated Balance Sheets\n Corning Incorporated Subsidiary Companies\n December31 (Inmillions,exceptshareandpershareamounts) 2020 2019 Assets Currentassets\n Cashandcashequivalents\n $ 2,672\n 2,434\n Tradeaccountsreceivable,netofdoubtfulaccounts-$46and$41\n 2,133\n 1,836\n Inventories,net(Note6)\n 2,438\n 2,320\n Othercurrentassets(Note11and15)\n 761 873 Totalcurrentassets\n 8,004\n 7,463\n Property,plantandequipment,netofaccumulateddepreciation- $13,663and$12,995(Note9)\n 15,742 15,337 Goodwill,net(Note10)\n 2,460\n 1,935\n Otherintangibleassets,net(Note10)\n 1,308\n 1,185\n Deferredincometaxes(Note8)\n 1,121\n 1,157\n Otherassets(Note11and15)\n 2,140\n 1,821\n Total Assets\n 30,775 $\n 28,898\n Liabilities Equity\n Currentliabilities\n Currentportionoflong-termdebtandshort-termborrowings(Note12)\n 156 $ Accountspayable\n 1,174\n 1,587\n Otheraccruedliabilities(Note11and14)\n 2,437\n 1,923\n Totalcurrentliabilities\n 3,767\n 3,521\n Long-termdebt(Note12)\n Postretirementbenefitsotherthanpensions(Note13)\n 727 671 Otherliabilities(Note11and14)\n 5,017\n 3,980\n Totalliabilities\n 17,327\n 15,901Commitments,contingenciesandguarantees(Note14)\n Shareholdersequity(Note17)\n Convertiblepreferredstock,SeriesAParvalue$100pershare\n Sharesauthorized3,100;Sharesissued:2,300\n CommonstockParvalue$0. 50pershare;Sharesauthorized:3. 8billion\n Sharesissued:1,726millionand1,718million\n Additionalpaid-incapitalcommonstock\n 14,642\n 14,323\n Retainedearnings\n 16,120\n 16,408 Treasurystock,atcost;sharesheld:961millionand956million\n (19,928)\n (19,812)\n Accumulatedothercomprehensiveloss\n (740)\n (1 TotalCorningIncorporatedshareholdersequity\n 13,257\n 12,907\n Noncontrollinginterests\n Totalequity\n 13,448\n 12,997\n Total Liabilities Equity\n 30,775 $\n 28,898\n.\n 72"}
{"_id": "dd2ad741e", "title": "", "text": "Table of Contents\nConsolidated Balance Sheets\nGENERAL MILLS, INC. AND SUBSIDIARIES\n(In Millions, Except Par Value)\n \n \n \nMay 26, \n 2019 \nMay 27, \n 2018 \n \nASSETS\n \n \nCurrent assets:\n \n \nCash and cash equivalents\n \n$\n450.0 \n$\n399.0 \nReceivables\n \n \n1,679.7 \n \n1,684.2 \nInventories\n \n \n1,559.3 \n \n1,642.2 \nPrepaid expenses and other current assets\n \n \n497.5 \n \n398.3 \n \n \n \n \n \n \n \n \nTotal current assets\n \n \n4,186.5 \n \n4,123.7 \nLand, buildings, and equipment\n \n \n3,787.2 \n \n4,047.2 \nGoodwill\n \n \n13,995.8 \n \n14,065.0 \nOther intangible assets\n \n \n7,166.8 \n \n7,445.1 \nOther assets\n \n \n974.9 \n \n943.0 \n \n \n \n \n \n \n \n \nTotal assets\n \n$\n 30,111.2 \n$\n 30,624.0 \n \n \n \n \n \n \n \n \nLIABILITIES AND EQUITY\n \n \nCurrent liabilities:\n \n \nAccounts payable\n \n$\n2,854.1 \n$\n2,746.2 \nCurrent portion of long-term debt\n \n \n1,396.5 \n \n1,600.1 \nNotes payable\n \n \n1,468.7 \n \n1,549.8 \nOther current liabilities\n \n \n1,367.8 \n \n1,445.8 \n \n \n \n \n \n \n \n \nTotal current liabilities\n \n \n7,087.1 \n \n7,341.9 \nLong-term debt\n \n \n11,624.8 \n \n12,668.7 \nDeferred income taxes\n \n \n2,031.0 \n \n2,003.8 \nOther liabilities\n \n \n1,448.9 \n \n1,341.0 \n \n \n \n \n \n \n \n \nTotal liabilities\n \n \n22,191.8 \n \n23,355.4 \n \n \n \n \n \n \n \n \nRedeemable interest\n \n \n551.7 \n \n776.2 \nStockholders equity:\n \n \nCommon stock, 754.6 shares issued, $0.10 par value\n \n \n75.5 \n \n75.5 \nAdditional paid-in capital\n \n \n1,386.7 \n \n1,202.5 \nRetained earnings\n \n \n14,996.7 \n \n14,459.6 \nCommon stock in treasury, at cost, shares of 152.7 and 161.5\n \n \n(6,779.0) \n \n(7,167.5) \nAccumulated other comprehensive loss\n \n \n(2,625.4) \n \n(2,429.0) \n \n \n \n \n \n \n \n \nTotal stockholders equity\n \n \n7,054.5 \n \n6,141.1 \nNoncontrolling interests\n \n \n313.2 \n \n351.3 \n \n \n \n \n \n \n \n \nTotal equity\n \n \n7,367.7 \n \n6,492.4 \n \n \n \n \n \n \n \n \nTotal liabilities and equity\n \n$\n 30,111.2 \n$\n 30,624.0 \n \n \n \n \n \n \n \n \nSee accompanying notes to consolidated financial statements.\n \n55\n\nTable Contents\n Consolidated Balance Sheets\n GENERAL MILLS INC. SUBSIDIARIES\n Millions Par Value)\n May 26,\n 2019\n May 27,\n 2018\n Current assets:\n Cash cash equivalents\n $ 450. 0\n $ 399. 0\n Receivables\n 1,679. 7\n 1,684. 2\n Inventories\n 1,559. 3\n 1,642. 2\n Prepaid expenses other current assets\n. 5\n. 3\n Total current assets\n 4,186. 5\n 4,123. 7\n Land buildings equipment\n 3,787. 2\n 4,047. 2\n Goodwill 13,995. 8\n 14,065. 0\n Other intangible assets\n 7,166. 8\n. 1\n Other assets\n 974. 9\n 943. 0\n Total assets\n $ 30,111. 2\n $ 30,624. 0\n LIABILITIES EQUITY\n Current liabilities:\n Accounts payable\n $ 2,854. 1\n $ 2,746. 2\n Current portion long-term debt\n 1,396. 5\n 1,600. 1\n Notes payable\n 1,468. 7\n 1,549. 8\n Other current liabilities\n 1,367. 8\n 1,445. 8\n Total current liabilities\n 7,087. 1\n 7,341. 9\n Long-term debt\n 11,624. 8\n 12,668. 7\n Deferred income taxes\n 2,031. 0\n 2,003. 8\n Other liabilities\n 1,448. 9\n 1,341. 0\n Total liabilities\n 22,191. 8\n 23,355. 4\n Redeemable interest\n. 7\n 776. 2\n Stockholders equity:\n Common stock. 6 shares issued $0. 10 par value\n 75. 5\n 75. 5\n Additional paid-in capital\n 1,386. 7\n 1,202. 5\n Retained earnings\n 14,996. 7\n 14,459. 6\n Common stock treasury cost shares 152. 7 and 161. 5\n (6,779. 0)\n (7,167. 5)\n Accumulated comprehensive loss\n (2,625. 4)\n (2,429. 0)\n Total stockholders equity\n 7,054. 5\n 6,141. 1\n Noncontrolling interests\n 313. 2\n 351. 3\n Total equity\n 7,367. 7\n 6,492. 4\n Total liabilities equity\n $ 30,111. 2\n $ 30,624. 0\n accompanying notes consolidated financial statements.\n 55"}
{"_id": "dd2acf912", "title": "", "text": "Historically, the\nairline industry has been cyclical and very competitive and has experienced significant profit swings and constant challenges to be more cost\ncompetitive.\n\nHistorically,\n airline industry been cyclical very competitive experienced significant profit swings constant challenges to be more cost\n competitive."}
{"_id": "dd2b03604", "title": "", "text": "For the Full Year of Fiscal 2022\nNet sales increased 18.3% to $10.2 billion compared to $8.6 billion in fiscal 2021,\nprimarily due to the favorable impact from the continued resilience of the beauty\ncategory, retail price increases, the impact of new brands and product innovation,\nincreased social occasions, and fewer COVID-19 limitations compared to fiscal 2021.\nComparable sales increased 15.6% compared to an increase of 37.9% in fiscal 2021,\ndriven by a 10.8% increase in transactions and a 4.3% increase in average ticket.\nGross profit increased 20.1% to $4.0 billion compared to $3.4 billion in fiscal 2021. As\na percentage of net sales, gross profit increased to 39.6% compared to 39.0% in fiscal\n2021, primarily due to leverage of fixed costs, strong growth in other revenue, and\nfavorable channel mix shifts, partially offset by higher inventory shrink and lower\nmerchandise margin.\nSG&A expenses increased 16.2% to $2.4 billion compared to $2.1 billion in fiscal\n2021. As a percentage of net sales, SG&A expenses decreased to 23.5% compared to\n23.9% in fiscal 2021, primarily due to lower marketing expenses and leverage of\nincentive compensation due to higher sales, partially offset by deleverage of corporate\noverhead due to strategic investments and deleverage of store payroll and benefits\ndue to wage investments.\n\nFull Year Fiscal 2022\n Net sales increased 18. 3% to $10. 2 billion compared to $8. 6 billion fiscal 2021\n due to favorable impact resilience beauty\n category retail price increases impact new brands product innovation\n increased social occasions fewer COVID-19 limitations compared 2021.\n Comparable sales increased 15. 6% compared to increase 37. 9% in fiscal 2021\n driven by 10. 8% increase in transactions 4. 3% increase in average ticket.\n Gross profit increased 20. 1% to $4. 0 billion compared to $3. 4 billion 2021.\n percentage net sales gross profit increased to 39. 6% compared to 39. 0%\n 2021 due to leverage fixed costs strong growth other revenue\n favorable channel mix shifts offset by higher inventory shrink lower\n merchandise margin.\n SG&A expenses increased 16. 2% to $2. 4 billion compared to $2. 1 billion\n 2021. percentage net sales SG&A expenses decreased to 23. 5% compared to\n 23. 9% fiscal 2021 due to lower marketing expenses leverage\n incentive compensation due higher sales offset by deleverage of corporate\n overhead due to strategic investments deleverage of store payroll benefits\n due to wage investments."}
{"_id": "dd2ac2a28", "title": "", "text": "Operating income for 2022 was $1.3 billion compared to operating income of $3.6 billion for 2021. The decrease in operating income was primarily driven by\namortization of intangible assets associated with the Xilinx acquisition.\n\nOperating income 2022 was $1. 3 billion compared to $3. 6 billion for 2021. decrease in operating income driven by\n amortization of intangible assets associated with Xilinx acquisition."}
{"_id": "dd2ad8c38", "title": "", "text": "Results of Operations\nAnalysis of Consolidated Sales\nFor discussion on results of operations and financial condition pertaining to the fiscal years 2021 and 2020 see the Companys Annual Report on Form 10-\nK for the fiscal year ended January 2, 2022, Item 7. Management's Discussion and Analysis of Results of Operations and Financial Condition.\nIn 2022, worldwide sales increased 1.3% to $94.9 billion as compared to an increase of 13.6% in 2021. These sales changes consisted of the following:\nSales increase/(decrease) due to:\n2022\n2021\nVolume\n6.9 %\n12.9 %\nPrice\n(0.8)\n(0.7)\nCurrency\n(4.8)\n1.4 \nTotal\n1.3 %\n13.6 %\n\nResults Operations\n Analysis Consolidated Sales\n discussion on results operations financial condition fiscal years 2021 2020 see Companys Annual Report Form 10-\n K fiscal year ended January 2, 2022, Item 7. Management's Discussion Analysis Results Operations Financial Condition.\n 2022 worldwide sales increased 1. 3% to $94. 9 billion compared increase 13. 6% 2021. sales changes following:\n Sales increase/(decrease) due to:\n 2022\n 2021\n Volume\n 6. 9 %\n 12. 9 %\n Price\n (0. 8)\n (0. 7)\n Currency\n (4. 8)\n 1. 4\n Total\n 1. 3 %\n 13. 6 %"}
{"_id": "dd2ac55e8", "title": "", "text": "Table of Contents\nConsolidated Statements of Earnings\n$ and shares in millions, except per share amounts\nFiscal Years Ended\n\nJanuary 28, 2017 \nJanuary 30, 2016 \nJanuary 31, 2015\nRevenue\n $\n39,403\n $\n39,528\n $\n40,339\nCostofgoodssold\n\n29,963\n\n30,334\n\n31,292\nRestructuringchargescostofgoodssold\n\n\n\n3\n\n\nGrossprofit\n\n9,440\n\n9,191\n\n9,047\nSelling,generalandadministrativeexpenses\n\n7,547\n\n7,618\n\n7,592\nRestructuringcharges\n\n39\n\n198\n\n5\nOperatingincome\n\n1,854\n\n1,375\n\n1,450\nOtherincome(expense)\n \n \n \nGainonsaleofinvestments\n\n3\n\n2\n\n13\nInvestmentincomeandother\n\n31\n\n13\n\n14\nInterestexpense\n\n(72) \n(80) \n(90)\nEarningsfromcontinuingoperationsbeforeincometaxexpense\n\n1,816\n\n1,310\n\n1,387\nIncometaxexpense\n\n609\n\n503\n\n141\nNetearningsfromcontinuingoperations\n\n1,207\n\n807\n\n1,246\nGain(loss)fromdiscontinuedoperations(Note2),netoftaxexpenseof$7,$1and$0\n\n21\n\n90\n\n(11)\nNetearningsincludingnoncontrollinginterests\n\n1,228\n\n897\n\n1,235\nNetearningsfromdiscontinuedoperationsattributabletononcontrollinginterests\n\n\n\n\n\n(2)\nNetearningsattributabletoBestBuyCo.,Inc.shareholders\n $\n1,228\n $\n897\n $\n1,233\n\n \n \n \nBasicearnings(loss)pershareattributabletoBestBuyCo.,Inc.shareholders\n \n \n \nContinuingoperations\n $\n3.79\n $\n2.33\n $\n3.57\nDiscontinuedoperations\n\n0.07\n\n0.26\n\n(0.04)\nBasicearningspershare\n $\n3.86\n $\n2.59\n $\n3.53\n\n \n \n \nDilutedearnings(loss)pershareattributabletoBestBuyCo.,Inc.shareholders\n \n \n \nContinuingoperations\n $\n3.74\n $\n2.30\n $\n3.53\nDiscontinuedoperations\n\n0.07\n\n0.26\n\n(0.04)\nDilutedearningspershare\n $\n3.81\n $\n2.56\n $\n3.49\n\n \n \n \nWeighted-averagecommonsharesoutstanding\n \n \n \nBasic\n\n318.5\n\n346.5\n\n349.5\nDiluted\n\n322.6\n\n350.7\n\n353.6\nSeeNotestoConsolidatedFinancialStatements.\n54\n\nTable Contents\n Consolidated Statements Earnings\n $ shares millions share amounts\n Fiscal Years Ended\n January 28, 2017\n January 30, 2016\n January 31, 2015\n Revenue\n $\n 39,403\n $ 39,528\n $ 40,339\n Costofgoodssold\n 29,963\n 30,334\n 31,292\n Restructuringchargescostofgoodssold\n 3\n Grossprofit\n 9,440\n 9,191\n 9,047\n Selling,generalandadministrativeexpenses\n 7,547\n 7,592\n Restructuringcharges\n 39\n 198\n 5 Operatingincome\n 1,854\n 1,375\n 1,450\n Otherincome(expense)\n Gainonsaleofinvestments 3\n 2\n 13 31\n 13\n 14\n Interestexpense\n (72) (80) (90) Earningsfromcontinuingoperationsbeforeincometaxexpense 1,816\n 1,310\n 1,387\n Incometaxexpense\n 503\n 141 Netearningsfromcontinuingoperations\n 1,207\n 807\n 1,246\n Gain(loss)fromdiscontinuedoperations,netoftaxexpenseof$7,$1and$0\n 21\n 90 (11) Netearningsincludingnoncontrollinginterests\n 1,228\n 897\n 1,235\n Netearningsfromdiscontinuedoperationsattributabletononcontrollinginterests NetearningsattributabletoBestBuyCo. ,Inc shareholders\n 1,228\n 897\n 1,233\n Basicearnings(loss)pershareattributabletoBestBuyCo. shareholders\n Continuingoperations\n $ 3. 79\n $ 2. 33\n 3. 57\n Discontinuedoperations\n 0. 07\n. 26\n.04\n Basicearningspershare\n $ 3. 86\n $ 2. 59\n $ 3. 53\n Dilutedearnings(loss)pershareattributabletoBestBuyCo. shareholders\n Continuingoperations\n $ 3. 74\n $ 2. 30\n 3. 53\n Discontinuedoperations\n 0. 07\n. 26\n. 04\n Dilutedearningspershare\n 3. 81\n 2. 56\n $ 3. 49\n Weighted-averagecommonsharesoutstanding\n Basic 318. 5\n 346. 5\n. 5\n Diluted\n 322. 6\n 350. 7\n. 6\n SeeNotestoConsolidatedFinancialStatements.\n 54"}
{"_id": "dd2ac3a86", "title": "", "text": "CONSOLIDATED STATEMENTS OF INCOME\nYear Ended December 31 (Millions, except per share amounts)\n2022\n2021\n2020\nRevenues\nNon-interest revenues\nDiscount revenue\n$\n30,739 \n$\n24,563 \n$\n19,435 \nNet card fees\n6,070 \n5,195 \n4,664 \nService fees and other revenue\n4,521 \n3,316 \n2,702 \nProcessed revenue\n1,637 \n1,556 \n1,301 \nTotal non-interest revenues\n42,967 \n34,630 \n28,102 \nInterest income\nInterest on loans\n11,967 \n8,850 \n9,779 \nInterest and dividends on investment securities\n96 \n83 \n127 \nDeposits with banks and other\n595 \n100 \n177 \nTotal interest income\n12,658 \n9,033 \n10,083 \nInterest expense\nDeposits\n1,527 \n458 \n943 \nLong-term debt and other\n1,236 \n825 \n1,155 \nTotal interest expense\n2,763 \n1,283 \n2,098 \nNet interest income\n9,895 \n7,750 \n7,985 \nTotal revenues net of interest expense\n52,862 \n42,380 \n36,087 \nProvisions for credit losses\nCard Member receivables\n627 \n(73)\n1,015 \nCard Member loans\n1,514 \n(1,155)\n3,453 \nOther\n41 \n(191)\n262 \nTotal provisions for credit losses\n2,182 \n(1,419)\n4,730 \nTotal revenues net of interest expense after provisions for credit losses\n50,680 \n43,799 \n31,357 \nExpenses\nCard Member rewards\n14,002 \n11,007 \n8,041 \nBusiness development\n4,943 \n3,762 \n3,051 \nCard Member services\n2,959 \n1,993 \n1,230 \nMarketing\n5,458 \n5,291 \n3,696 \nSalaries and employee benefits\n7,252 \n6,240 \n5,718 \nOther, net\n6,481 \n4,817 \n5,325 \nTotal expenses\n41,095 \n33,110 \n27,061 \nPretax income\n9,585 \n10,689 \n4,296 \nIncome tax provision\n2,071 \n2,629 \n1,161 \nNet income\n$\n7,514 \n$\n8,060 \n$\n3,135 \nEarnings per Common Share (Note 21)\nBasic\n$\n9.86 \n$\n10.04 \n$\n3.77 \nDiluted\n$\n9.85 \n$\n10.02 \n$\n3.77 \nAverage common shares outstanding for earnings per common share:\nBasic\n751 \n789 \n805 \nDiluted\n752 \n790 \n806\n\nCONSOLIDATED STATEMENTS INCOME\n Ended December 31 (Millions share\n 2022\n 2021\n Revenues Non-interest revenues\n Discount revenue\n 30,739\n 24,563\n 19,435\n Net card fees\n 6,070\n 5,195\n 4,664\n Service fees other revenue\n 4,521\n 3,316\n 2,702\n Processed revenue\n 1,637\n 1,556\n 1,301\n non-interest revenues\n 42,967\n 34,630\n 28,102\n Interest income\n loans\n 11,967\n 8,850\n 9,779\n Interest dividends investment securities\n Deposits banks\n 595\n Total interest income\n 12,658\n 9,033\n 10,083\n Interest expense\n Deposits\n 1,527\n 458\n 943\n Long-term debt\n 1,236\n 825\n 1,155\n Total interest expense\n 2,763\n 1,283\n 2,098\n Net interest income\n 9,895\n 7,750\n 7,985\n Total revenues net interest expense\n 52,862\n 42,380\n 36,087\n Provisions credit losses\n Card Member receivables\n 627\n 1,015\n loans\n 1,514\n (1,155\n 3,453\n 41 (191) 262 Total provisions credit losses\n 2,182\n (1,419)\n Total revenues net interest expense provisions credit losses\n 50,680\n 43,799\n 31,357\n Card Member rewards\n 14,002\n 11,007\n 8,041 Business development\n 3,762\n Member services\n 2,959\n 1,993\n 1,230\n Marketing 5,458\n 5,291\n 3,696\n Salaries employee benefits\n 7,252\n 6,240\n 6,481\n 5,325\n Total expenses\n 41,095\n 33,110\n 27,061\n Pretax income\n10,689\n 4,296\n Income tax provision\n 2,071\n 2,629\n 1,161\n Net income\n 7,514\n $ 8,060\n 3,135\n Earnings per Common Share (Note 21)\n Basic 9. 86\n $ 10. 04\n 3. 77\n Diluted 9. 85\n 10. 02\n 3. 77\n Average common shares earnings per common share\n Basic 751\n 789\n 805\n 752\n 806"}
{"_id": "dd2ad6d20", "title": "", "text": "Proposal 1. With respect to the proposal to elect ten nominees to the Board of Directors (the Board), each for a one-year term expiring at the\nannual meeting of shareholders to be held in 2023, the votes were cast for the proposal as set forth below:\n \nName\n \nVotes For\nVotes Against\nAbstentions\nBroker Non-Votes\nVirginia C. Drosos\n \n59,657,810\n294,935\n \n10,714,238\n \n6,884,223\nAlan D. Feldman\n \n54,760,830\n5,184,437\n \n10,721,716\n \n6,884,223\nRichard A. Johnson\n \n54,484,293\n16,105,005\n \n77,685\n \n6,884,223\nGuillermo G. Marmol\n \n54,193,921\n5,753,395\n \n10,719,667\n \n6,884,223\nDarlene Nicosia\n \n55,123,930\n4,827,808\n \n10,715,245\n \n6,884,223\nSteven Oakland\n \n55,421,657\n4,524,393\n \n10,720,933\n \n6,884,223\nUlice Payne, Jr.\n \n54,993,396\n4,950,917\n \n10,722,670\n \n6,884,223\nKimberly Underhill\n \n55,046,260\n4,906,500\n \n10,714,223\n \n6,884,223\nTristan Walker\n \n55,528,794\n4,419,340\n \n10,718,849\n \n6,884,223\nDona D. Young\n \n53,876,257\n6,074,467\n \n10,716,259\n \n6,884,223\nBased on the votes set forth above, each of the ten nominees to the Board was duly elected.\n\nProposal 1. elect ten nominees Board of Directors one-year term\n annual meeting shareholders 2023 votes cast proposal set forth below\n Name Votes For\n Votes Against\n Abstentions\n Broker Non-Votes\n Virginia C. Drosos\n 59,657,810\n 294,935\n 10,714,238\n 6,884,223\n Alan D. Feldman\n 54,760,830\n 5,184,437\n 10,721,716\n 6,884,223\n Richard A. Johnson\n 54,484,293\n 16,105,005\n 77,685\n 6,884,223\n Guillermo G. Marmol\n 54,193,921\n 5,753,395\n 10,719,667\n 6,884,223\n Darlene Nicosia\n 55,123,930\n 4,827,808\n 10,715,245\n 6,884,223\n Steven Oakland\n 55,421,657\n 4,524,393\n 10,720,933\n 6,884,223\n Ulice Payne, Jr.\n 54,993,396\n 4,950,917\n 10,722,670\n 6,884,223\n Kimberly Underhill\n 55,046,260\n 4,906,500\n 10,714,223\n 6,884,223\n Tristan Walker\n 55,528,794\n 4,419,340\n 10,718,849\n 6,884,223\n Dona D. Young\n 53,876,257\n 6,074,467\n 10,716,259\n 6,884,223\n Based votes set forth above each ten nominees Board elected."}
{"_id": "dd2ac43f0", "title": "", "text": "CONSOLIDATED BALANCE SHEETS\nDecember 31 (Millions, except share data)\n2022\n2021\nAssets\nCash and cash equivalents\nCash and due from banks (includes restricted cash of consolidated variable interest entities: 2022, $5; 2021, $11)\n$\n5,510 \n$\n1,292 \nInterest-bearing deposits in other banks (includes securities purchased under resale agreements: 2022, $318; 2021, $463)\n28,097 \n20,548 \nShort-term investment securities (includes restricted investments of consolidated variable interest entities: 2022, $54; 2021, $32)\n307 \n188 \nTotal cash and cash equivalents\n33,914 \n22,028 \nCard Member receivables (includes gross receivables available to settle obligations of a consolidated variable interest entity: 2022, $5,193; 2021,\n$5,175), less reserves for credit losses: 2022, $229; 2021, $64\n57,384 \n53,581 \nCard Member loans (includes gross loans available to settle obligations of a consolidated variable interest entity: 2022, $28,461; 2021, $26,587),\nless reserves for credit losses: 2022, $3,747; 2021, $3,305\n104,217 \n85,257 \nOther loans, less reserves for credit losses: 2022, $59; 2021, $52\n5,357 \n2,859 \nInvestment securities\n4,578 \n2,591 \nPremises and equipment, less accumulated depreciation and amortization: 2022, $9,850; 2021, $8,602\n5,215 \n4,988 \nOther assets, less reserves for credit losses: 2022, $22; 2021, $25\n17,689 \n17,244 \nTotal assets\n$\n228,354 \n$\n188,548 \nLiabilities and Shareholders Equity\nLiabilities\nCustomer deposits\n$\n110,239 \n$\n84,382 \nAccounts payable\n12,133 \n10,574 \nShort-term borrowings\n1,348 \n2,243 \nLong-term debt (includes debt issued by consolidated variable interest entities: 2022, $12,662; 2021, $13,803)\n42,573 \n38,675 \nOther liabilities\n37,350 \n30,497 \nTotal liabilities\n$\n203,643 \n$\n166,371 \nContingencies and Commitments (Note 12)\nShareholders Equity\nPreferred shares, $1.66\n par value, authorized 20 million shares; issued and outstanding 1,600 shares as of December 31, 2022 and 2021 (Note\n16)\n \n \nCommon shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 743 million shares as of December 31, 2022 and 761\nmillion shares as of December 31, 2021\n149 \n153 \nAdditional paid-in capital\n11,493 \n11,495 \nRetained earnings\n16,279 \n13,474 \nAccumulated other comprehensive income (loss)\n(3,210)\n(2,945)\nTotal shareholders equity\n24,711 \n22,177 \nTotal liabilities and shareholders equity\n$\n228,354 \n$\n188,548\n\nCONSOLIDATED BALANCE\n December 31 (Millions except share data\n 2022\n 2021\n Assets\n Cash equivalents\n banks restricted cash consolidated variable interest entities 2022, $5 2021, $11)\n 5,510\n 1,292\n Interest-bearing deposits banks securities resale agreements 2022, $318 2021, $463\n 28,097\n 20,548\n Short-term investment securities restricted investments consolidated variable interest entities 2022, $54; 2021, $32)\n 307\n 188\n Total cash cash equivalents\n 33,914\n 22,028\n Card Member receivables gross receivables obligations consolidated variable interest entity 2022, $5,193 2021\n $5,175), less reserves credit losses 2022 $229; 2021, $64\n 57,384\n 53,581\n Card Member loans gross loans variable interest 2022 $28,461 2021, $26,587)\n less reserves credit losses 2022 $3,747 2021, $3,305\n 104,217\n 85,257\n Other loans less reserves credit losses 2022 $59; 2021, $52\n 5,357\n 2,859\n Investment securities\n 4,578\n 2,591\n Premises equipment less accumulated depreciation amortization 2022, $9,850; 2021, $8,602\n 5,215\n 4,988\n Other assets less reserves for credit losses 2022, $22; 2021, $25\n 17,689\n 17,244\n Total assets\n 228,354\n 188,548\n Liabilities Shareholders Equity\n Customer deposits\n 110,239\n 84,382\n Accounts payable\n 12,133\n 10,574\n Short-term borrowings\n 1,348\n 2,243\nLong-term debt consolidated variable interest entities 2022, $12,662 2021, $13,803)\n 42,573\n 38,675\n liabilities\n 37,350\n 30,497\n Total liabilities\n 203,643\n 166,371\n Contingencies Commitments (Note 12\n Shareholders Equity\n Preferred shares $1. 66\n par value authorized 20 million shares issued outstanding 1,600 shares December 31, 2022 2021\n 16\n Common shares $0. 20 par value authorized 3. 6 billion shares issued outstanding 743 million shares December 31, 2022 761\n million shares December 31, 2021\n Additional paid-in capital\n 11,493\n 11,495\n Retained earnings\n 16,279\n 13,474\n Accumulated comprehensive income (loss\n (3,210)\n (2,945)\n Total shareholders equity\n 24,711\n 22,177\n liabilities shareholders equity\n 228,354\n 188,548"}
{"_id": "dd2ac0a84", "title": "", "text": "On June 30, 2022, Amcor Finance (USA), Inc. (the Former Issuer) and Amcor Flexibles North America, Inc. (the Substitute Issuer),\neach a wholly-owned subsidiary of Amcor plc (the Company), entered into a (i) Second Supplemental Indenture (the Second Supplemental\nIndenture) with the Trustee (as defined below) with respect to the Indenture, dated as of April 28, 2016 (as amended and/or supplemented to\ndate, the 2016 Indenture and, together with the Second Supplemental Indenture, the 2016 Indenture), among the Former Issuer, the\nguarantors party thereto and Deutsche Bank Trust Company Americas, as trustee (the Trustee), governing the Former Issuers (a) 3.625%\nGuaranteed Senior Notes due 2026 (the 2026 Notes) and (b) 4.500% Guaranteed Senior Notes due 2028 (the 2028 Notes and, together with\nthe 2026 Notes, the Existing Notes) and (ii) First Supplemental Indenture (the First Supplemental Indenture and, together with the Second\nSupplemental Indenture, the Supplemental Indentures) with the Trustee with respect to the Indenture, dated as of June 13, 2019 (as amended\nand/or supplemented to date, the 2019 Indenture and, together with the First Supplemental Indenture, the 2019 Indenture and, together with\nthe 2016 Indenture, the Indentures), among the Former Issuer, the guarantors party thereto and the Trustee, governing the Former Issuers\n(a) 3.625% Guaranteed Senior Notes due 2026 (the New 2026 Notes) and (b) 4.500% Guaranteed Senior Notes due 2028 (the New 2028\nNotes and, together with the New 2026 Notes, the New Notes), in each case, relating to the substitution of the Substitute Issuer for the Former\nIssuer and the assumption by the Substitute Issuer of the covenants of the Former Issuer under the Indentures. As disclosed in the Companys\nCurrent Report on Form 8-K, filed with the Securities and Exchange Commission (the SEC) on June 17, 2019, the New Notes were issued in\nJune 2019 following the completion of the Former Issuers exchange offer to certain eligible holders of the Existing Notes.\n\nJune 30, 2022, Amcor Finance (USA), Inc. (the Former Issuer) and Amcor Flexibles North America, Inc. (the Substitute Issuer),\n each wholly-owned subsidiary of Amcor plc (the Company), entered into (i) Second Supplemental Indenture (the Second Supplemental\n Indenture) with Trustee (as defined below) respect to Indenture dated April 28, 2016 (as amended supplemented\n date 2016 Indenture Second Supplemental Indenture, 2016 Indenture), among Former Issuer,\n guarantors party and Deutsche Bank Trust Company Americas, as trustee (the Trustee), governing Former Issuers (a) 3. 625%\n Guaranteed Senior Notes due 2026 (the 2026 Notes) and (b) 4. 500% Guaranteed Senior Notes due 2028 (the 2028 Notes\n 2026 Notes, Existing Notes) and (ii) First Supplemental Indenture (the First Supplemental Indenture and Second\n Supplemental Indenture, Supplemental Indentures) with Trustee with respect to Indenture, dated June 13, 2019 (as amended\n/or supplemented to date 2019 Indenture with First Supplemental Indenture, 2019 Indenture\n 2016 Indenture, Indentures), among Former Issuer, guarantors party and Trustee governing Former Issuers\n (a) 3. 625% Guaranteed Senior Notes due 2026 (the New 2026 Notes) and (b) 4. 500% Guaranteed Senior Notes due 2028 (the New 2028\n Notes with New 2026 Notes, New Notes), each case relating to substitution of Substitute Issuer for Former\n Issuer and assumption by Substitute Issuer of covenants of Former Issuer under Indentures. As disclosed in Companys\nCurrent Report on Form 8-K filed with Securities and Exchange Commission (the SEC) June 17, 2019 New Notes issued in\n June 2019 following completion Former Issuers exchange offer to certain eligible holders Existing Notes."}
{"_id": "dd2aeeb50", "title": "", "text": "Table of Contents\nNIKE, INC.\nCONSOLIDATED STATEMENTS OF INCOME\nYEAR ENDED MAY 31,\n(In millions, except per share data)\n2021\n2020\n2019\nRevenues\n$\n44,538 $\n37,403 $\n39,117 \nCost of sales\n24,576 \n21,162 \n21,643 \nGross profit\n19,962 \n16,241 \n17,474 \nDemand creation expense\n3,114 \n3,592 \n3,753 \nOperating overhead expense\n9,911 \n9,534 \n8,949 \nTotal selling and administrative expense\n13,025 \n13,126 \n12,702 \nInterest expense (income), net\n262 \n89 \n49 \nOther (income) expense, net\n14 \n139 \n(78)\nIncome before income taxes\n6,661 \n2,887 \n4,801 \nIncome tax expense\n934 \n348 \n772 \nNET INCOME\n$\n5,727 $\n2,539 $\n4,029 \nEarnings per common share:\nBasic\n$\n3.64 $\n1.63 $\n2.55 \nDiluted\n$\n3.56 $\n1.60 $\n2.49 \nWeighted average common shares outstanding:\nBasic\n1,573.0 \n1,558.8 \n1,579.7 \nDiluted\n1,609.4 \n1,591.6 \n1,618.4 \nThe accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.\n2021 FORM 10-K 57\n\nTable Contents\n NIKE.\n CONSOLIDATED STATEMENTS INCOME\n YEAR MAY 31,\n millions share data\n 2021\n 2020\n 2019\n Revenues\n 44,538 $\n 37,403 $\n 39,117\n Cost sales\n 24,576\n 21,162\n 21,643\n Gross profit\n 19,962\n 16,241\n 17,474\n Demand creation expense\n 3,114\n 3,592\n 3,753\n Operating overhead expense\n 8,949\n Total selling administrative expense\n 13,025\n 13,126\n 12,702\n Interest expense\n 262\n 89\n 49\n (income expense\n 14\n 139\n (78) Income before income taxes\n 6,661\n 2,887\n Income tax expense\n 934\n 348\n 772\n INCOME\n 5,727 $\n 2,539 $\n 4,029\n Earnings per common share\n $ 3. 64 $\n 1. 63 $\n 2. 55\n Diluted 3. 56 $\n 1. 60 $\n 2. 49\n average common shares\n 1,573. 0\n 1,558. 8\n 1,579. 7\n 1,609. 4\n 1,591. 6\n 1,618. 4\n Notes Consolidated Financial Statements integral part statement.\n 2021 FORM 10-K 57"}
{"_id": "dd2af541e", "title": "", "text": "(8) The shareholder proposal regarding a congruency report on net-zero emissions policies was defeated:\nFor\n19,718,780\nAgainst\n977,228,788\n\n(8) shareholder proposal congruency report net-zero emissions policies defeated:\n For\n 19,718,780\n Against\n 977,228,788"}
{"_id": "dd2af0c8e", "title": "", "text": "Table of Contents\nConsolidated Statement of Cash Flows\nPepsiCo, Inc. and Subsidiaries\nFiscal years ended December 25, 2021, December 26, 2020 and December 28, 2019\n(in millions)\n2021\n2020\n2019\nOperating Activities\nNet income\n$\n7,679 $\n7,175 $\n7,353 \nDepreciation and amortization\n2,710 \n2,548 \n2,432 \nOperating lease right-of-use asset amortization\n505 \n478 \n412 \nShare-based compensation expense\n301 \n264 \n237 \nRestructuring and impairment charges\n247 \n289 \n370 \nCash payments for restructuring charges\n(256)\n(255)\n(350)\nAcquisition and divestiture-related charges\n(4)\n255 \n55 \nCash payments for acquisition and divestiture-related charges\n(176)\n(131)\n(10)\nPension and retiree medical plan expenses\n123 \n408 \n519 \nPension and retiree medical plan contributions\n(785)\n(562)\n(716)\nDeferred income taxes and other tax charges and credits\n298 \n361 \n453 \nTax expense/(benefit) related to the TCJ Act\n190 \n \n(8)\nTax payments related to the TCJ Act\n(309)\n(78)\n(423)\nChange in assets and liabilities:\nAccounts and notes receivable\n(651)\n(420)\n(650)\nInventories\n(582)\n(516)\n(190)\nPrepaid expenses and other current assets\n159 \n26 \n(87)\nAccounts payable and other current liabilities\n1,762 \n766 \n735 \nIncome taxes payable\n30 \n(159)\n(287)\nOther, net\n375 \n164 \n(196)\nNet Cash Provided by Operating Activities\n11,616 \n10,613 \n9,649 \nInvesting Activities\nCapital spending\n(4,625)\n(4,240)\n(4,232)\nSales of property, plant and equipment\n166 \n55 \n170 \nAcquisitions, net of cash acquired, and investments in noncontrolled affiliates\n(61)\n(6,372)\n(2,717)\nDivestitures and sales of investments in noncontrolled affiliates\n169 \n6 \n253 \nShort-term investments, by original maturity:\nMore than three months - purchases\n \n(1,135)\n \nMore than three months - maturities\n1,135 \n \n16 \nMore than three months - sales\n \n \n62 \nThree months or less, net\n(58)\n27 \n19 \nOther investing, net\n5 \n40 \n(8)\nNet Cash Used for Investing Activities\n(3,269)\n(11,619)\n(6,437)\n(Continued on following page)\n61\n\nTable Contents\n Consolidated Statement Cash Flows\n PepsiCo. Subsidiaries\n Fiscal years December 25 2021 26, 2020 28, 2019\n millions\n Operating Activities\n Net income\n 7,679 $\n 7,175 $\n 7,353\n Depreciation amortization\n 2,710\n 2,548\n 2,432\n Operating lease right-of-use amortization\n 505\n 478\n 412\n Share-based compensation expense\n 301\n 264\n 237\n Restructuring impairment charges\n 247\n 289\n 370\n Cash payments restructuring charges\n (256)\n (255)\n (350\n Acquisition divestiture-related charges\n 255\n 55 Cash payments divestiture charges\n (176)\n (131)\n Pension retiree medical plan expenses\n 123\n 408\n 519\n Pension retiree medical plan contributions\n (785)\n (562)\n (716)\n Deferred income taxes tax charges credits\n 298\n 361\n 453\n Tax expense(benefit TCJ Act\n 190\n Tax payments TCJ Act\n (309)\n (78)\n (423)\n Change assets liabilities\n Accounts notes receivable\n (651)\n (420)\n (650)\n Inventories\n (582)\n (516)\n (190)\n Prepaid expenses current assets\n 159\n 26\n (87)\n Accounts payable current liabilities\n 1,762\n 766\n 735\n Income taxes payable\n 30\n (159)\n (287)\n 375\n 164\n (196)\n Cash Provided Operating Activities\n 11,616\n 10,613\n 9,649\n Investing Activities\n Capital spending\n (4,625)\n (4,240)\n (4,232\n Sales property plant equipment\n 166\n 55\n 170\n Acquisitions cash acquired investments noncontrolled affiliates\n (61)\n (6,372)\n (2,717)\nDivestitures sales investments noncontrolled affiliates\n 169\n 6\n 253\n Short-term investments original maturity\n three months - purchases\n (1,135)\n three months - maturities\n 1,135\n 16\n three months sales\n 62\n Three months net\n (58)\n 27\n 19\n investing net\n 5\n 40\n (8)\n Net Cash Used Investing Activities\n (3,269)\n (11,619)\n (6,437)\n (Continued following page)\n 61"}
{"_id": "dd2b13658", "title": "", "text": "Consolidated Balance Sheets \nVerizon Communications Inc. and Subsidiaries \n(dollars in millions, except per share amounts) \nAt December 31,\n2022\n2021 \nAssets \nCurrent assets \nCash and cash equivalents\n$ \n2,605 \n$ \n2,921 \nAccounts receivable\n \n25,332 \n \n24,742 \nLess Allowance for credit losses\n \n826 \n \n896 \nAccounts receivable, net \n \n24,506 \n \n23,846 \nInventories\n \n2,388 \n \n3,055 \nPrepaid expenses and other\n \n8,358 \n \n6,906 \nTotal current assets\n \n37,857 \n \n36,728 \nProperty, plant and equipment\n \n307,689 \n \n289,897 \nLess Accumulated depreciation\n \n200,255 \n \n190,201 \nProperty, plant and equipment, net\n \n107,434 \n \n99,696 \nInvestments in unconsolidated businesses\n \n1,071 \n \n1,061 \nWireless licenses\n \n149,796 \n \n147,619 \nGoodwill\n \n28,671 \n \n28,603 \nOther intangible assets, net\n \n11,461 \n \n11,677 \nOperating lease right-of-use assets\n \n26,130 \n \n27,883 \nOther assets\n \n17,260 \n \n13,329 \nTotal assets\n$ \n379,680 \n$ \n366,596\n\nConsolidated Balance Sheets\n Verizon Communications Inc. Subsidiaries\n (dollars millions except share amounts\n December 31,\n 2022\n 2021\n Assets Current assets Cash cash equivalents\n 2,605\n 2,921\n Accounts receivable\n 25,332\n 24,742\n Allowance credit losses\n 826 896 Accounts receivable\n 24,506\n 23,846\n Inventories\n 2,388\n 3,055\n Prepaid expenses other\n 8,358\n Total current assets\n 37,857\n 36,728\n Property plant equipment\n 307,689\n 289,897\n Accumulated depreciation\n 200,255\n 190,201\n Property plant equipment net\n 107,434\n 99,696\n Investments unconsolidated businesses\n 1,071 1,061 Wireless licenses\n 149,796\n 147,619\n Goodwill\n 28,671\n 28,603\n Other intangible assets\n 11,461\n 11,677 Operating lease right-of-use assets\n 26,130\n 27,883\n Other assets\n 17,260\n 13,329\n Total assets\n,680\n 366,596"}
{"_id": "dd2acf692", "title": "", "text": "In 2022, 40% of our revenues were earned pursuant to U.S. government contracts\n\n2022, 40% revenues earned pursuant to U. S. government contracts"}
{"_id": "dd2ac2140", "title": "", "text": "Advanced Micro Devices, Inc.\nConsolidated Statements of Cash Flows \n \nYear Ended\n \nDecember 26,\n \n2015\n \nDecember 27,\n \n2014\n \nDecember 28,\n \n2013\n \n(In millions)\nCash flows from operating activities:\n \n \n \nNet loss\n$\n(660) $\n(403) $\n(83)\nAdjustments to reconcile net loss to net cash used in operating activities:\n \n \n \nDepreciation and amortization\n167 \n203 \n236 \nNet loss on disposal of property, plant and equipment\n \n \n31 \nStock-based compensation expense\n63 \n81 \n91 \nNon-cash interest expense\n11 \n17 \n25 \nGoodwill impairment charge\n \n233 \n \nRestructuring and other special charges, net\n83 \n14 \n \nNet loss on debt redemptions\n \n61 \n1 \nOther\n(3) \n(13) \n(1)\nChanges in operating assets and liabilities:\n \n \n \nAccounts receivable\n280 \n7 \n(200)\nInventories\n(11) \n199 \n(322)\nPrepayments and other - GLOBALFOUNDRIES\n84 \n(113) \n \nPrepaid expenses and other assets\n(111) \n(7) \n(103)\nAccounts payables, accrued liabilities and other\n(156) \n(231) \n266 \nPayable to GLOBALFOUNDRIES\n27 \n(146) \n(89)\nNet cash used in operating activities\n(226) \n(98) \n(148)\nCash flows from investing activities:\n \n \n \nPurchases of available-for-sale securities\n(227) \n(790) \n(1,043)\nPurchases of property, plant and equipment\n(96) \n(95) \n(84)\nProceeds from sales and maturities of available-for-sale securities\n462 \n873 \n1,344 \nProceeds from sale of property, plant and equipment\n8 \n \n238 \nNet cash provided by (used in) investing activities\n147 \n(12) \n455 \nCash flows from financing activities:\n \n \n \nProceeds from borrowings, net\n100 \n1,155 \n55 \nProceeds from issuance of common stock\n5 \n4 \n3 \nRepayments of long-term debt and capital lease obligations\n(44) \n(1,115) \n(55)\nOther\n(2) \n2 \n10 \nNet cash provided by financing activities\n59 \n46 \n13 \nNet increase (decrease) in cash and cash equivalents\n(20) \n(64) \n320 \nCash and cash equivalents at beginning of year\n805 \n869 \n549 \nCash and cash equivalents at end of year\n$\n785 $\n805 $\n869 \nSupplemental disclosures of cash flow information:\n \n \n \nCash paid during the year for:\n \n \n \nInterest\n$\n149 $\n138 $\n152 \nIncome taxes\n$\n3 $\n7 $\n9 \nSee accompanying notes to consolidated financial statements.\n \n \n58\n\nAdvanced Micro Devices.\n Consolidated Statements Cash Flows\n December 26,\n 2015\n December 27,\n 2014\n December 28,\n 2013\n millions\n Cash flows from operating activities\n Net loss\n $\n (660) $\n (403) $\n (83)\n Adjustments reconcile net loss cash operating activities\n Depreciation amortization\n 167\n 203\n 236\n Net loss on disposal property plant equipment\n 31 Stock-based compensation expense\n 63\n 81\n 91 Non-cash interest expense\n 11\n 17\n 25\n Goodwill impairment charge\n Restructuring special charges\n 83\n 14\n Net loss on debt redemptions\n 61\n (3) (13)\n Changes operating assets liabilities\n Accounts receivable\n 280\n 7\n (200)\n Inventories\n (11)\n 199\n (322)\n Prepayments GLOBALFOUNDRIES\n 84\n (113)\n Prepaid expenses other assets\n (111)\n (7) (103)\n Accounts payables accrued liabilities\n (156)\n (231)\n 266\n Payable to GLOBALFOUNDRIES\n 27\n (146)\n (89)\n Net cash used operating activities\n (226)\n (98)\n (148)\n Cash flows from investing activities\n Purchases of available-for-sale securities\n (227)\n (790)\n (1,043)\n Purchases property plant equipment\n (96)\n (95)\n (84)\n Proceeds from sales maturities available-for-sale securities\n 873\n 1,344\n Proceeds from sale property plant equipment\n 8 238\n Net cash investing activities\n 147\n (12) 455\n Cash flows from financing activities\n Proceeds from borrowings\n 100 1,155\n 55\n Proceeds from issuance common stock\n 5\n 4Repayments long-term debt capital lease obligations\n (44)\n (1,115)\n (55)\n (2)\n 2\n 10\n Net cash provided financing activities\n 59\n 46\n 13\n increase (decrease) cash cash equivalents\n (20)\n (64)\n 320\n Cash cash equivalents beginning year\n 805\n 869\n Cash cash equivalents end year\n $\n $\n $\n 869\n Supplemental disclosures cash flow information\n Cash paid year:\n Interest\n $\n 149 $\n 138 $\n 152\n Income taxes\n $\n 3 $\n 7 $\n 9\n accompanying notes consolidated financial statements.\n 58"}
{"_id": "dd2abbef8", "title": "", "text": "3M Company and Subsidiaries\nConsolidated Statement of Cash Flows\nYears ended December 31\n(Millions)\n2022\n2021\n2020\nCash Flows from Operating Activities\nNet income including noncontrolling interest\n$\n5,791 $\n5,929 $\n5,453 \nAdjustments to reconcile net income including noncontrolling interest to net cash provided by operating\nactivities\nDepreciation and amortization\n1,831 \n1,915 \n1,911 \nLong-lived and indefinite-lived asset impairment expense\n618 \n \n6 \nGoodwill impairment expense\n271 \n \n \nCompany pension and postretirement contributions\n(158)\n(180)\n(156)\nCompany pension and postretirement expense\n178 \n206 \n322 \nStock-based compensation expense\n263 \n274 \n262 \nGain on business divestitures\n(2,724)\n \n(389)\nDeferred income taxes\n(663)\n(166)\n(165)\nChanges in assets and liabilities\nAccounts receivable\n(105)\n(122)\n165 \nInventories\n(629)\n(903)\n(91)\nAccounts payable\n111 \n518 \n252 \nAccrued income taxes (current and long-term)\n(47)\n(244)\n132 \nOther net\n854 \n227 \n411 \nNet cash provided by (used in) operating activities\n5,591 \n7,454 \n8,113 \nCash Flows from Investing Activities\nPurchases of property, plant and equipment (PP&E)\n(1,749)\n(1,603)\n(1,501)\n\n3M Company Subsidiaries\n Consolidated Statement Cash Flows\n Years ended December 31\n (Millions\n 2022\n 2021\n 2020\n Cash Flows Operating Activities\n Net income noncontrolling interest\n 5,791\n $ 5,453\n Adjustments reconcile net income noncontrolling interest cash operating\n activities\n Depreciation amortization\n 1,831\n 1,915\n 1,911\n Long-lived indefinite impairment expense\n 618\n Goodwill impairment expense\n 271\n Company pension postretirement contributions\n (158)\n (180)\n (156) pension postretirement expense\n 178\n 206\n 322\n Stock-based compensation expense\n 263\n 274\n 262\n Gain business divestitures\n (2,724)\n (389)\n Deferred income taxes\n (663)\n (166)\n Changes assets liabilities\n Accounts receivable\n (105)\n (122)\n 165 Inventories\n (629)\n (903)\n Accounts payable\n 111\n 518\n 252\n Accrued income taxes long-term\n (47)\n (244)\n net 854\n 227\n 411\n Net cash operating activities\n 5,591\n 7,454\n 8,113\n Cash Flows Investing Activities\n Purchases property plant equipment\n (1,749)\n (1,603)\n (1,501)"}
{"_id": "dd2adae02", "title": "", "text": "2022 Fourth-Quarter reported sales decline of 4.4% to $23.7 Billion primarily driven by unfavorable \nforeign exchange and reduced COVID-19 Vaccine sales vs. prior year. Operational growth excluding \nCOVID-19 Vaccine of 4.6%* \n 2022 Fourth-Quarter earnings per share (EPS) of $1.33 decreasing 24.9% and adjusted EPS of $2.35 \nincreasing by 10.3%* \n__________________________________________________________________________________________ \n 2022 Full-Year reported sales growth of 1.3% to $94.9 Billion primarily driven by strong commercial \nexecution partially offset by unfavorable foreign exchange. Operational growth of 6.1%* \n 2022 Full-Year earnings per share (EPS) of $6.73 decreasing 13.8% and adjusted EPS of $10.15 \nincreasing by 3.6%* \n__________________________________________________________________________________________ \n Company guides 2023 adjusted operational sales growth excluding COVID-19 Vaccine of 4.0%* and \nadjusted operational EPS of $10.50, reflecting growth of 3.5%*\n\n2022 Fourth-Quarter sales decline 4. 4% to $23. 7 Billion driven unfavorable\n foreign exchange reduced COVID-19 Vaccine sales. prior year. Operational growth excluding\n COVID-19 Vaccine 4. 6%*\n 2022 Fourth-Quarter earnings per share (EPS $1. 33 decreasing 24. adjusted EPS $2. 35\n increasing 10. 3%*\n 2022 Full-Year sales growth 1. 3% to $94. 9 Billion driven strong commercial\n execution offset unfavorable foreign exchange. Operational growth 6. 1%*\n 2022 Full-Year earnings per share (EPS) $6. 73 decreasing 13. 8% adjusted EPS $10. 15\n increasing 3. 6%*\n Company guides 2023 adjusted operational sales growth excluding COVID-19 Vaccine 4. 0%*\n adjusted operational EPS $10. 50 growth 3. 5%*"}
{"_id": "dd2abc858", "title": "", "text": "3M Company and Subsidiaries\nConsolidated Balance Sheet\n(Unaudited)\n(Dollars in millions, except per share amount)\nJune 30, 2023\nDecember 31, 2022\nAssets\nCurrent assets\nCash and cash equivalents\n$\n4,258 \n$\n3,655 \nMarketable securities current\n56 \n238 \nAccounts receivable net of allowances of $160 and $174\n4,947 \n4,532 \nInventories\nFinished goods\n2,526 \n2,497 \nWork in process\n1,527 \n1,606 \nRaw materials and supplies\n1,227 \n1,269 \nTotal inventories\n5,280 \n5,372 \nPrepaids\n674 \n435 \nOther current assets\n539 \n456 \nTotal current assets\n15,754 \n14,688 \nProperty, plant and equipment\n26,459 \n25,998 \nLess: Accumulated depreciation\n(17,248)\n(16,820)\nProperty, plant and equipment net\n9,211 \n9,178 \nOperating lease right of use assets\n812 \n829 \nGoodwill\n12,869 \n12,790 \nIntangible assets net\n4,470 \n4,699 \nOther assets\n5,764 \n4,271 \nTotal assets\n$\n48,880 \n$\n46,455 \nLiabilities\nCurrent liabilities\nShort-term borrowings and current portion of long-term debt\n$\n3,033 \n$\n1,938 \nAccounts payable\n3,231 \n3,183 \nAccrued payroll\n785 \n692 \nAccrued income taxes\n172 \n259 \nOperating lease liabilities current\n244 \n261 \nOther current liabilities\n3,471 \n3,190 \nTotal current liabilities\n10,936 \n9,523\n\n3M Company Subsidiaries\n Consolidated Balance Sheet\n millions share amount\n June 30, 2023\n December 31, 2022\n Assets Current assets Cash cash equivalents\n 4,258\n 3,655\n Marketable securities\n 56\n 238\n Accounts receivable allowances $160 $174\n 4,532\n Inventories\n Finished goods\n 2,526\n 2,497\n Work process\n 1,527\n 1,606\n Raw materials supplies\n 1,227\n 1,269\n Total inventories\n 5,280\n 5,372\n Prepaids\n 674\n 435\n Other current assets\n 539\n Total current assets\n 15,754\n 14,688\n Property plant equipment\n 26,459\n 25,998\n Accumulated depreciation\n (17,248)\n (16,820)\n Property plant equipment\n 9,211\n 9,178\n Operating lease right use assets\n 812\n 829 Goodwill\n 12,869\n 12,790\n Intangible assets\n Other assets\n 5,764\n 4,271\n Total assets\n 48,880\n 46,455\n Liabilities\n Current Short-term borrowings long-term debt\n 3,033\n 1,938\n Accounts payable\n 3,231\n 3,183\n Accrued payroll\n 785\n 692\n Accrued income taxes\n 172 259\n Operating lease liabilities\n 244\n 261\n Other current liabilities\n 3,471\n 3,190\n Total current liabilities\n 10,936\n"}
{"_id": "dd2afdaa6", "title": "", "text": "We expect to incur costs of approximately $700 million in connection with separating Upjohn, of which approximately 90% has been incurred since inception\nand through the second quarter of 2023. These charges include costs and expenses related to separation of legal entities and transaction costs.\n\nexpect to incur costs approximately $700 million connection with separating Upjohn, approximately 90% incurred since inception\n through second quarter of 2023. charges include costs expenses related to separation of legal entities and transaction costs."}
{"_id": "dd2ac262c", "title": "", "text": "Overview\nWe are a global semiconductor company primarily offering:\n\nserver microprocessors (CPUs) and graphics processing units (GPUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and\nAdaptive System-on-Chip (SoC) products for data centers;\n\nCPUs, accelerated processing units (APUs) that integrate CPUs and GPUs, and chipsets for desktop and notebook personal computers;\n\ndiscrete GPUs, and semi-custom SoC products and development services; and\n\nembedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC products.\nFrom time to time, we may also sell or license portions of our intellectual property (IP) portfolio.\n\nOverview\n We are global semiconductor company offering:\n server microprocessors (CPUs) graphics processing units (GPUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs),\n Adaptive System-on-Chip (SoC) products for data centers;\n CPUs accelerated processing units (APUs) CPUs GPUs chipsets for desktop notebook personal computers;\n discrete GPUs semi-custom SoC products development services;\n embedded CPUs, GPUs APUs FPGAs Adaptive SoC products.\n we may sell or license portions our intellectual property (IP) portfolio."}
{"_id": "dd2ad7e46", "title": "", "text": "52 \n \nConsolidated Statements of Cash Flows \nGENERAL MILLS, INC. AND SUBSIDIARIES \n(In Millions) \n \nFiscal Year \n \n2020 \n2019 \n2018 \nCash Flows - Operating Activities \n \n \n \n \nNet earnings, including earnings attributable to redeemable and noncontrolling interests $ \n2,210.8 $ \n1,786.2 $ \n2,163.0 \nAdjustments to reconcile net earnings to net cash provided by operating activities: \n \n \n \n \n \n \nDepreciation and amortization \n \n594.7 \n620.1 \n618.8 \nAfter-tax earnings from joint ventures \n \n(91.1) \n(72.0) \n(84.7)\nDistributions of earnings from joint ventures \n \n76.5 \n86.7 \n113.2 \nStock-based compensation \n \n94.9 \n84.9 \n77.0 \nDeferred income taxes \n \n(29.6) \n93.5 \n(504.3)\nPension and other postretirement benefit plan contributions \n \n(31.1) \n(28.8) \n(31.8)\nPension and other postretirement benefit plan costs \n \n(32.3) \n6.1 \n4.6 \nDivestitures loss \n \n- \n30.0 \n- \nRestructuring, impairment, and other exit costs \n \n43.6 \n235.7 \n126.0 \nChanges in current assets and liabilities, excluding the effects of acquisitions \n and divestitures \n \n793.9 \n(7.5) \n542.1 \nOther, net \n \n45.9 \n(27.9) \n(182.9)\nNet cash provided by operating activities \n \n3,676.2 \n2,807.0 \n2,841.0 \nCash Flows - Investing Activities \n \n \n \n \n \n \nPurchases of land, buildings, and equipment \n \n(460.8) \n(537.6) \n(622.7)\nAcquisition, net of cash acquired \n \n- \n- \n(8,035.8)\nInvestments in affiliates, net \n \n(48.0) \n0.1 \n(17.3)\nProceeds from disposal of land, buildings, and equipment \n \n1.7 \n14.3 \n1.4 \nProceeds from divestitures \n \n- \n26.4 \n- \nOther, net \n \n20.9 \n(59.7) \n(11.0)\nNet cash used by investing activities \n \n(486.2) \n(556.5) \n(8,685.4)\nCash Flows - Financing Activities \n \n \n \n \n \n \nChange in notes payable \n \n(1,158.6) \n(66.3) \n327.5 \nIssuance of long-term debt \n \n1,638.1 \n339.1 \n6,550.0 \nPayment of long-term debt \n \n(1,396.7) \n(1,493.8) \n(600.1)\nProceeds from common stock issued on exercised options \n \n263.4 \n241.4 \n99.3 \nProceeds from common stock issued \n \n- \n- \n969.9 \nPurchases of common stock for treasury \n \n(3.4) \n(1.1) \n(601.6)\nDividends paid \n \n(1,195.8) \n(1,181.7) \n(1,139.7)\nInvestments in redeemable interest \n \n- \n55.7 \n- \nDistributions to noncontrolling and redeemable interest holders \n \n(72.5) \n(38.5) \n(51.8)\nOther, net \n \n(16.0) \n(31.2) \n(108.0)\nNet cash (used) provided by financing activities \n \n(1,941.5) \n(2,176.4) \n5,445.5 \nEffect of exchange rate changes on cash and cash equivalents \n \n(20.7) \n(23.1) \n31.8 \nIncrease (decrease) in cash and cash equivalents \n \n1,227.8 \n \n51.0 \n \n(367.1)\nCash and cash equivalents - beginning of year \n \n450.0 \n399.0 \n766.1 \nCash and cash equivalents - end of year \n$ \n1,677.8 $ \n450.0 $ \n399.0 \nCash flow from changes in current assets and liabilities, excluding the effects of \n acquisitions and divestitures: \n \n \n \n \n \n \nReceivables \n$ \n37.9 $ \n(42.7) $ \n(122.7)\nInventories \n \n103.1 \n53.7 \n15.6 \nPrepaid expenses and other current assets \n \n94.2 \n(114.3) \n(10.7)\nAccounts payable \n \n392.5 \n162.4 \n575.3 \nOther current liabilities \n \n166.2 \n(66.6) \n84.6 \nChanges in current assets and liabilities \n$ \n793.9 $ \n(7.5) $ \n542.1 \nSee accompanying notes to consolidated financial statements.\n\n52\n Consolidated Statements Cash Flows\n GENERAL MILLS INC. SUBSIDIARIES\n Millions)\n Fiscal Year\n 2020\n 2019\n 2018\n Cash Flows Operating Activities\n Net earnings attributable redeemable noncontrolling interests $\n 2,210. 8 $\n 1,786. 2 $\n 2,163. 0\n Adjustments reconcile net earnings cash operating activities\n Depreciation amortization\n. 7\n 620. 1\n 618. 8\n After-tax earnings joint ventures\n (91. 1)\n (72. 0)\n (84. 7)\n Distributions earnings joint ventures\n 76. 5\n 86. 7\n 113. 2\n Stock-based compensation\n 94. 9\n 84. 9\n 77. 0\n Deferred income taxes\n (29. 6)\n 93. 5\n (504. 3)\n Pension postretirement benefit plan contributions\n (31. 1)\n (28. 8)\n (31. 8)\n Pension postretirement benefit plan costs\n (32. 3)\n 6. 1\n 4. 6\n Divestitures loss\n 30. 0\n Restructuring impairment exit costs\n 43. 6\n 235. 7\n 126. 0\n Changes current assets liabilities excluding effects\n divestitures\n 793. 9\n (7. 5)\n. 1\n 45. 9\n (27. 9)\n (182. 9)\n Net cash operating activities\n 3,676. 2\n 2,807. 0\n 2,841. 0\n Cash Flows Investing Activities\n Purchases land buildings equipment\n (460. 8)\n (537. 6)\n (622. 7)\n Acquisition net cash acquired\n (8,035. 8)\n Investments affiliates\n (48. 0)\n 0. 1\n (17. 3)\n Proceeds disposal land buildings equipment\n 1. 7\n 14. 3\n.\n Proceeds from divestitures\n 26. 4\n 20. 9\n (59. 7)\n (11. 0)\n cash used investing activities\n (486. 2)\n (556. 5)\n (8,685. 4)\n Cash Flows Financing Activities\n Change notes payable\n (1,158. 6)\n (66. 3)\n 327. 5\n Issuance long-term debt\n 1,638. 1\n. 1\n 6,550. 0\n Payment long-term debt\n (1,396. 7)\n (1,493. 8)\n (600. 1)\n Proceeds common stock issued exercised options\n 263. 4\n 241. 4\n 99. 3\n Proceeds common stock issued\n. 9\n Purchases common stock treasury\n (3. 4)\n (1. 1)\n (601. 6)\n Dividends paid\n (1,195. 8)\n (1,181. 7)\n (1,139. 7)\n Investments redeemable interest\n 55. 7\n Distributions to noncontrolling redeemable interest holders\n (72. 5)\n (38. 5)\n (51. 8)\n (16. 0)\n (31. 2)\n (108. 0)\n Net cash (used financing activities\n (1,941. 5)\n (2,176. 4)\n 5,445. 5\n Effect exchange rate changes cash cash equivalents\n (20. 7)\n (23. 1)\n 31. 8\n Increase (decrease) cash equivalents\n 1,227. 8\n 51. 0\n (367. 1)\n Cash equivalents beginning year\n 450. 0\n 399. 0\n. 1\n equivalents end of year\n 1,677. 8 $\n 450. 0\n 399. 0\n Cash flow from changes current assets liabilities excluding effects\n divestitures:\n Receivables\n 37. 9 $\n (42. 7) $\n (122.\n Inventories\n 103. 1\n 53. 7\n 15. 6\n Prepaid expenses current assets\n 94. 2\n (114. 3)\n (10. 7)\n Accounts payable\n 392. 5\n 162. 4\n 575. 3\n liabilities\n 166. 2\n (66. 6)\n 84. 6\n Changes assets liabilities\n 793. 9 $\n (7. 5)\n. 1\n notes consolidated financial statements."}
{"_id": "dd2abe7ca", "title": "", "text": "Table of Contents\n61\nADOBE SYSTEMS INCORPORATED\n CONSOLIDATED STATEMENTS OF CASH FLOWS\n(In thousands)\n \nYears Ended\n \nDecember 1,\n2017\nDecember 2,\n2016\nNovember 27,\n2015\nCash flows from operating activities:\n \n \nNet income\n$\n1,693,954\n$\n1,168,782\n$\n629,551\nAdjustments to reconcile net income to net cash provided by operating activities:\nDepreciation, amortization and accretion\n325,997\n331,535\n339,473\nStock-based compensation\n451,451\n349,912\n335,859\nDeferred income taxes\n51,605\n24,222\n(69,657)\nGain on the sale of property\n\n\n(21,415)\nUnrealized (gains) losses on investments\n(5,494)\n3,145\n(9,210)\nExcess tax benefits from stock-based compensation\n\n(75,105)\n(68,153)\nOther non-cash items\n4,625\n2,022\n1,216\nChanges in operating assets and liabilities, net of acquired assets and\n assumed liabilities:\nTrade receivables, net\n(187,173)\n(160,416)\n(79,502)\nPrepaid expenses and other current assets\n28,040\n(71,021)\n(7,701)\nTrade payables\n(45,186)\n(6,281)\n22,870\nAccrued expenses\n154,125\n64,978\n(22,564)\nIncome taxes payable\n(34,493)\n43,115\n97,934\nDeferred revenue\n475,402\n524,840\n320,801\nNet cash provided by operating activities\n2,912,853\n2,199,728\n1,469,502\nCash flows from investing activities:\n \n \nPurchases of short-term investments\n(1,931,011)\n(2,285,222)\n(2,064,833)\nMaturities of short-term investments\n759,737\n769,228\n371,790\nProceeds from sales of short-term investments\n1,393,929\n860,849\n1,176,476\nAcquisitions, net of cash acquired\n(459,626)\n(48,427)\n(826,004)\nPurchases of property and equipment\n(178,122)\n(203,805)\n(184,936)\nProceeds from sale of property\n\n\n57,779\nPurchases of long-term investments, intangibles and other assets\n(29,918)\n(58,433)\n(22,779)\nProceeds from sale of long-term investments\n2,134\n5,777\n4,149\nNet cash used for investing activities\n(442,877)\n(960,033)\n(1,488,358)\nCash flows from financing activities:\n \n \nPurchases of treasury stock\n(1,100,000)\n(1,075,000)\n(625,000)\nProceeds from issuance of treasury stock\n158,351\n145,697\n164,270\nTaxes paid related to net share settlement of equity awards\n(240,126)\n(236,400)\n(186,373)\nExcess tax benefits from stock-based compensation\n\n75,105\n68,153\nProceeds from debt issuance\n\n\n989,280\nRepayment of debt and capital lease obligations\n(1,960)\n(108)\n(602,189)\nDebt issuance costs\n\n\n(8,828)\nNet cash used for financing activities\n(1,183,735)\n(1,090,706)\n(200,687)\nEffect of foreign currency exchange rates on cash and cash equivalents\n8,516\n(14,234)\n(21,297)\nNet increase (decrease) in cash and cash equivalents\n1,294,757\n134,755\n(240,840)\nCash and cash equivalents at beginning of year\n1,011,315\n876,560\n1,117,400\nCash and cash equivalents at end of year\n$\n2,306,072\n$\n1,011,315\n$\n876,560\nSupplemental disclosures:\n \nCash paid for income taxes, net of refunds\n$\n396,668\n$\n249,884\n$\n203,010\nCash paid for interest\n$\n69,430\n$\n66,193\n$\n56,014\nNon-cash investing activities:\nInvestment in lease receivable applied to building purchase\n$\n80,439\n$\n\n$\n\nIssuance of common stock and stock awards assumed in business acquisitions\n$\n10,348\n$\n\n$\n677\nSee accompanying Notes to Consolidated Financial Statements.\n\nTable Contents\n SYSTEMS\n STATEMENTS CASH FLOWS\n Years Ended\n December 1,\n 2017\n December 2,\n 2016\n November 27,\n 2015\n Cash flows operating activities\n Net income\n 1,693,954\n 1,168,782\n 629,551\n Adjustments reconcile net income cash activities\n Depreciation amortization accretion\n 325,997\n 331,535\n,473\n Stock-based compensation\n 451,451\n 349,912\n 335,859\n Deferred income taxes\n 51,605\n 24,222\n (69,657)\n Gain sale property\n (21,415)\n Unrealized losses investments\n (5,494)\n 3,145\n (9,210)\n Excess tax benefits stock-based compensation\n (75,105)\n (68,153)\n non-cash items\n 2,022\n 1,216\n Changes operating assets liabilities acquired\n Trade receivables\n (187,173)\n (160,416)\n (79,502)\n Prepaid expenses current assets\n 28,040\n (71,021)\n (7,701)\n Trade payables\n (45,186)\n (6,281)\n 22,870\n Accrued expenses\n 154,125\n 64,978\n (22,564\n Income taxes payable\n (34,493)\n 43,115\n 97,934\n Deferred revenue\n 475,402\n 524,840\n 320,801\n Net cash operating activities\n 2,912,853\n 2,199,728\n 1,469,502\n Cash flows investing activities\n Purchases short-term investments\n (1,931,011)\n (2,285,222)\n (2,064,833)\n Maturities short-term investments\n 759,737\n 769,228\n 371,790\n Proceeds sales short-term investments\n 1,393,929\n 860,849\n1,176,476\n Acquisitions cash\n (459,626)\n (48,427)\n (826,004)\n Purchases property equipment\n (178,122)\n (203,805)\n (184,936)\n Proceeds sale property\n 57,779\n Purchases long-term investments intangibles\n (29,918)\n (58,433)\n (22,779)\n Proceeds sale long-term investments\n 2,134\n 5,777\n 4,149\n Net cash investing activities\n (442,877)\n (960,033)\n (1,488,358)\n Cash flows financing\n Purchases treasury stock\n (1,100,000)\n (1,075,000)\n (625,000)\n Proceeds issuance treasury stock\n 158,351\n 145,697\n 164,270\n Taxes share settlement equity awards\n (240,126)\n (236,400)\n (186,373)\n Excess tax benefits stock-based compensation\n 75,105\n 68,153\n Proceeds debt issuance\n,280\n Repayment debt capital lease obligations\n (1,960)\n (108)\n (602,189)\n Debt issuance costs\n (8,828)\n Net cash financing activities\n (1,183,735)\n (1,090,706)\n (200,687)\n Effect foreign currency exchange rates cash equivalents\n 8,516\n (14,234)\n (21,297)\n Net increase (decrease cash equivalents\n 1,294,757\n 134,755\n (240,840)\n Cash equivalents beginning year\n 1,011,315\n 876,560\n 1,117,400\n end year\n $\n 2,306,072\n $\n 1,011,315\n $\n 876,560\n Supplemental Cash paid income taxes refunds\n $\n 396,668\n $\n 249,884\n $ 203,010\n Cash paid interest\n $\n 69,430\n\n 66,193\n $\n 56,014\n Non-cash investing activities:\n Investment lease receivable applied building purchase\n $\n 80,439\n $ $\n Issuance common stock stock awards assumed business acquisitions\n $ 10,348\n $ $\n 677\n Notes Consolidated Financial Statements."}
{"_id": "dd2abf0b2", "title": "", "text": "Consolidated Statements of Operations\nYears ended December 31, 2022, 2021, and 2020\n2022\n2021\n2020\n(in millions, except per share amounts)\nRevenue:\nRegulated\n$\n3,538 \n$\n2,868 \n$\n2,661 \nNon-Regulated\n9,079 \n8,273 \n6,999 \nTotal revenue\n12,617 \n11,141 \n9,660 \nCost of Sales:\nRegulated\n(3,162)\n(2,448)\n(2,235)\nNon-Regulated\n(6,907)\n(5,982)\n(4,732)\nTotal cost of sales\n(10,069)\n(8,430)\n(6,967)\nOperating margin\n2,548 \n2,711 \n2,693 \nGeneral and administrative expenses\n(207)\n(166)\n(165)\nInterest expense\n(1,117)\n(911)\n(1,038)\nInterest income\n389 \n298 \n268 \nLoss on extinguishment of debt\n(15)\n(78)\n(186)\nOther expense\n(68)\n(60)\n(53)\nOther income\n102 \n410 \n75 \nLoss on disposal and sale of business interests\n(9)\n(1,683)\n(95)\nGoodwill impairment expense\n(777)\n \n \nAsset impairment expense\n(763)\n(1,575)\n(864)\nForeign currency transaction gains (losses)\n(77)\n(10)\n55 \nOther non-operating expense\n(175)\n \n(202)\nINCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES\n(169)\n(1,064)\n488 \nIncome tax benefit (expense)\n(265)\n133 \n(216)\nNet equity in losses of affiliates\n(71)\n(24)\n(123)\nINCOME (LOSS) FROM CONTINUING OPERATIONS\n(505)\n(955)\n149 \nGain from disposal of discontinued businesses, net of income tax expense of $0, $1, and $0, respectively\n \n4 \n3 \nNET INCOME (LOSS)\n(505)\n(951)\n152 \nLess: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries\n(41)\n542 \n(106)\nNET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION\n$\n(546)\n$\n(409)\n$\n46\n\nConsolidated Statements Operations\n ended December 31, 2022 2021 2020\n millions share amounts\n Revenue\n Regulated\n $\n 3,538\n 2,868\n $ 2,661\n Non-Regulated\n 9,079\n 8,273\n 6,999\n Total revenue\n 12,617\n 11,141\n 9,660\n Cost Sales\n Regulated\n (3,162)\n (2,448)\n (2,235)\n Non-Regulated\n (6,907)\n (5,982)\n (4,732)\n Total cost sales\n (10,069)\n (8,430)\n (6,967)\n Operating margin\n 2,548\n 2,711\n 2,693\n General administrative expenses\n (207)\n (166)\n (165)\n Interest expense\n (1,117)\n (911)\n (1,038)\n Interest income\n 268\n Loss extinguishment debt\n (15)\n (78)\n (186)\n Other expense\n (68)\n (60)\n (53) income 102 410\n 75 Loss disposal sale business interests\n (1,683)\n Goodwill impairment expense\n (777)\n Asset impairment expense\n (763)\n (1,575)\n (864)\n Foreign currency transaction gains (losses\n (77)\n 55\n non expense\n (175)\n (202)\n INCOME (LOSS) FROM OPERATIONS BEFORE TAXES EQUITY AFFILIATES\n (169)\n (1,064)\n Income tax benefit (expense\n (265)\n 133\n (216)\n Net equity losses affiliates\n (71)\n (24)\n (123)\n INCOME (LOSS) FROM OPERATIONS\n (505)\n (955)\n 149\n Gain disposal discontinued businesses income tax expense $0 $1 $0,\n 3 INCOME (LOSS)\n (505)\n (951)\nLess Net loss (income) noncontrolling interests redeemable stock subsidiaries\n (41)\n 542\n (106)\n INCOME (LOSS) AES CORPORATION\n $\n (546)\n $\n (409)\n $\n 46"}
{"_id": "dd2ac34fa", "title": "", "text": "Registrants telephone number, including area code: (212) 640-2000\nSecurities registered pursuant to Section 12(b) of the Act:\nTitle of each class\nTrading Symbol(s)\nName of each exchange on which registered\nCommon Shares (par value $0.20 per Share)\nAXP\nNew York Stock Exchange\nSecurities registered pursuant to section 12(g) of the Act: None\n\nRegistrants telephone number area code: (212) 640-2000\n Securities registered Section 12(b) Act:\n Title each class\n Trading Symbol(s)\n Name of each exchange registered\n Common Shares (par value $0. 20 per Share)\n AXP\n New York Stock Exchange\n Securities registered section 12(g) Act: None"}
{"_id": "dd2aef640", "title": "", "text": "NIKE, INC.\nCONSOLIDATED STATEMENTS OF CASH FLOWS\nYEAR ENDED MAY 31,\n(Dollars in millions)\n2023\n2022\n2021\nCash provided (used) by operations:\nNet income\n$ \n5,070 $ \n6,046 $ \n5,727 \nAdjustments to reconcile net income to net cash provided (used) by operations:\nDepreciation\n \n703 \n717 \n744 \nDeferred income taxes\n \n(117) \n(650) \n(385) \nStock-based compensation\n \n755 \n638 \n611 \nAmortization, impairment and other\n \n156 \n123 \n53 \nNet foreign currency adjustments\n \n(213) \n(26) \n(138) \nChanges in certain working capital components and other assets and liabilities:\n(Increase) decrease in accounts receivable\n \n489 \n(504) \n(1,606) \n(Increase) decrease in inventories\n \n(133) \n(1,676) \n507 \n(Increase) decrease in prepaid expenses, operating lease right-of-use assets and \nother current and non-current assets\n \n(644) \n(845) \n(182) \nIncrease (decrease) in accounts payable, accrued liabilities, operating lease liabilities \nand other current and non-current liabilities\n \n(225) \n1,365 \n1,326 \nCash provided (used) by operations\n \n5,841 \n5,188 \n6,657 \nCash provided (used) by investing activities:\nPurchases of short-term investments\n \n(6,059) \n(12,913) \n(9,961) \nMaturities of short-term investments\n \n3,356 \n8,199 \n4,236 \nSales of short-term investments\n \n4,184 \n3,967 \n2,449 \nAdditions to property, plant and equipment\n \n(969) \n(758) \n(695) \nOther investing activities\n \n52 \n(19) \n171 \nCash provided (used) by investing activities\n \n564 \n(1,524) \n(3,800) \nCash provided (used) by financing activities:\nIncrease (decrease) in notes payable, net\n \n(4) \n15 \n(52) \nRepayment of borrowings\n \n(500) \n \n(197) \nProceeds from exercise of stock options and other stock issuances\n \n651 \n1,151 \n1,172 \nRepurchase of common stock\n \n(5,480) \n(4,014) \n(608) \nDividends common and preferred\n \n(2,012) \n(1,837) \n(1,638) \nOther financing activities\n \n(102) \n(151) \n(136) \nCash provided (used) by financing activities\n \n(7,447) \n(4,836) \n(1,459) \nEffect of exchange rate changes on cash and equivalents\n \n(91) \n(143) \n143 \nNet increase (decrease) in cash and equivalents\n \n(1,133) \n(1,315) \n1,541 \nCash and equivalents, beginning of year\n \n8,574 \n9,889 \n8,348 \nCASH AND EQUIVALENTS, END OF YEAR\n$ \n7,441 $ \n8,574 $ \n9,889\n\nNIKE INC.\n CONSOLIDATED STATEMENTS CASH FLOWS\n YEAR MAY 31,\n (Dollars millions)\n 2023\n 2022\n 2021\n Cash by operations\n Net income\n $\n 5,070 $\n $\n 5,727\n Adjustments reconcile net income cash operations\n Depreciation\n 703\n 717\n 744\n Deferred income taxes\n (117)\n (650)\n (385)\n Stock-based compensation\n 755\n 638\n 611\n Amortization impairment\n 156\n 123\n 53\n Net foreign currency adjustments\n (213)\n (26)\n (138)\n Changes in working capital assets liabilities:\n (Increase decrease accounts receivable\n 489\n (504)\n (1,606)\n (Increase decrease inventories\n (133)\n (1,676)\n (Increase decrease prepaid expenses operating lease right-of-use assets\n current non-current assets\n (644)\n (845)\n (182)\n Increase (decrease accounts payable accrued liabilities operating lease liabilities\n current non liabilities\n (225)\n 1,365\n 1,326\n Cash by operations\n 5,841\n 5,188\n 6,657\n Cash investing activities\n Purchases of short-term investments\n (6,059)\n (12,913)\n (9,961)\n Maturities short-term investments\n 3,356\n 8,199\n 4,236\n Sales short-term investments\n 4,184\n 3,967\n 2,449\n Additions to property plant equipment\n (969)\n (758)\n (695)\n Other investing activities\n 52\n (19)\n 171\n Cash investing activities\n 564\n (1,524)\n (3,800)\n Cash financing activities\n Increase (decrease notes payable net\n (4)\n15\n (52)\n Repayment borrowings\n (500)\n (197)\n Proceeds stock options stock issuances\n 651\n 1,151\n 1,172\n Repurchase common stock\n (5,480)\n (4,014)\n (608)\n Dividends common preferred\n (2,012)\n (1,837)\n (1,638)\n financing activities\n (102)\n (151)\n (136)\n Cash financing activities\n (7,447)\n (4,836)\n (1,459)\n Effect exchange rate changes cash equivalents\n (91)\n (143)\n 143\n Net increase (decrease) cash equivalents\n (1,133)\n (1,315)\n 1,541\n Cash equivalents beginning year\n 8,574\n 9,889\n 8,348\n CASH EQUIVALENTS YEAR\n 7,441 $\n 8,574\n 9,889"}
{"_id": "dd2aeecea", "title": "", "text": "Table of Contents\nNIKE, INC.\nCONSOLIDATED BALANCE SHEETS\nMAY 31,\n(In millions)\n2021\n2020\nASSETS\nCurrent assets:\nCash and equivalents\n$\n9,889 $\n8,348 \nShort-term investments\n3,587 \n439 \nAccounts receivable, net\n4,463 \n2,749 \nInventories\n6,854 \n7,367 \nPrepaid expenses and other current assets\n1,498 \n1,653 \nTotal current assets\n26,291 \n20,556 \nProperty, plant and equipment, net\n4,904 \n4,866 \nOperating lease right-of-use assets, net\n3,113 \n3,097 \nIdentifiable intangible assets, net\n269 \n274 \nGoodwill\n242 \n223 \nDeferred income taxes and other assets\n2,921 \n2,326 \nTOTAL ASSETS\n$\n37,740 $\n31,342 \nLIABILITIES AND SHAREHOLDERS' EQUITY\nCurrent liabilities:\nCurrent portion of long-term debt\n$\n $\n3 \nNotes payable\n2 \n248 \nAccounts payable\n2,836 \n2,248 \nCurrent portion of operating lease liabilities\n467 \n445 \nAccrued liabilities\n6,063 \n5,184 \nIncome taxes payable\n306 \n156 \nTotal current liabilities\n9,674 \n8,284 \nLong-term debt\n9,413 \n9,406 \nOperating lease liabilities\n2,931 \n2,913 \nDeferred income taxes and other liabilities\n2,955 \n2,684 \nCommitments and contingencies (Note 18)\nRedeemable preferred stock\n \n \nShareholders' equity:\nCommon stock at stated value:\nClass A convertible 305 and 315 shares outstanding\n \n \nClass B 1,273 and 1,243 shares outstanding\n3 \n3 \nCapital in excess of stated value\n9,965 \n8,299 \nAccumulated other comprehensive income (loss)\n(380)\n(56)\nRetained earnings (deficit)\n3,179 \n(191)\nTotal shareholders' equity\n12,767 \n8,055 \nTOTAL LIABILITIES AND SHAREHOLDERS' EQUITY\n$\n37,740 $\n31,342 \nThe accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.\n2021 FORM 10-K 59\n\nTable Contents\n NIKE.\n CONSOLIDATED BALANCE\n MAY 31,\n millions\n 2021\n 2020\n Current assets\n Cash equivalents\n 9,889\n 8,348\n Short-term investments\n 3,587\n 439\n Accounts receivable\n 4,463\n 2,749\n Inventories\n 6,854\n 7,367\n Prepaid expenses current assets\n 1,498\n 1,653\n Total current assets\n 26,291\n 20,556\n Property plant equipment\n 4,866\n Operating lease right-of assets\n 3,113\n intangible assets\n 269\n 274\n Goodwill\n 242\n 223\n Deferred income taxes assets\n 2,921\n 2,326\n TOTAL\n 37,740\n 31,342\n LIABILITIES SHAREHOLDERS' EQUITY\n Current liabilities\n long-term debt\n 3 Notes payable\n 248\n Accounts payable\n 2,836\n 2,248\n operating lease liabilities\n 467\n 445\n Accrued liabilities\n 6,063\n 5,184\n Income taxes payable\n 306\n 156 Total current liabilities\n 9,674\n 8,284\n Long-term debt\n 9,413\n 9,406\n Operating lease liabilities\n 2,931\n 2,913\n Deferred income taxes liabilities\n 2,955\n 2,684\n Commitments contingencies 18\n Redeemable preferred stock\n Shareholders' equity\n Common stock stated value\n Class A convertible 305 315 shares\n Class B 1,273 1,243 shares outstanding\n Capital excess stated value\n 9,965\n 8,299\n Accumulated comprehensive income (loss\n (380)\n (56)\n Retained earnings (deficit\n 3,179\n (191)\n Total shareholders' equity\n 12,767\n8,055\n TOTAL LIABILITIES SHAREHOLDERS' EQUITY\n $\n 37,740 $\n 31,342\n accompanying Notes Consolidated Financial Statements integral part statement.\n 2021 FORM 10-K 59"}
{"_id": "dd2ace5a8", "title": "", "text": "The Boeing Company and Subsidiaries\nNotes to the Consolidated Financial Statements\nSummary of Business Segment Data\n(Dollars in millions)\n \nYears ended December 31,\n2022\n2021\n2020\nRevenues:\nCommercial Airplanes\n$25,867 \n$19,493 \n$16,162 \nDefense, Space & Security\n23,162 \n26,540 \n26,257 \nGlobal Services\n17,611 \n16,328 \n15,543 \nBoeing Capital\n199 \n272 \n261 \nUnallocated items, eliminations and other\n(231)\n(347)\n(65)\nTotal revenues\n$66,608 \n$62,286 \n$58,158\n\nBoeing Company Subsidiaries\n Consolidated Financial Statements\n Business Segment Data\n millions\n December 31,\n 2022\n 2021\n 2020\n Revenues\n Commercial Airplanes\n $25,867\n $19,493\n $16,162\n Defense Space Security\n 23,162\n 26,540\n 26,257\n Global Services\n 17,611\n 16,328\n 15,543\n Boeing Capital\n 199 272\n 261\n Unallocated items eliminations\n (231)\n (347) Total revenues\n $66,608\n $62,286\n $58,158"}
{"_id": "dd2abe752", "title": "", "text": "Table of Contents\n57\n ADOBE SYSTEMS INCORPORATED\n CONSOLIDATED BALANCE SHEETS\n(In thousands, except par value)\n \nDecember 1,\n2017\nDecember 2,\n2016\nASSETS\nCurrent assets:\n \n \nCash and cash equivalents\n$\n2,306,072\n$\n1,011,315\nShort-term investments\n3,513,702\n3,749,985\nTrade receivables, net of allowances for doubtful accounts of $9,151 and $6,214, respectively\n1,217,968\n833,033\nPrepaid expenses and other current assets\n210,071\n245,441\nTotal current assets\n7,247,813\n5,839,774\nProperty and equipment, net\n936,976\n816,264\nGoodwill\n5,821,561\n5,406,474\nPurchased and other intangibles, net\n385,658\n414,405\nInvestment in lease receivable\n\n80,439\nOther assets\n143,548\n139,890\nTotal assets\n$\n14,535,556\n$\n12,697,246\nLIABILITIES AND STOCKHOLDERS EQUITY\nCurrent liabilities:\n \n \nTrade payables\n$\n113,538\n$\n88,024\nAccrued expenses\n993,773\n739,630\nIncome taxes payable\n14,196\n38,362\nDeferred revenue\n2,405,950\n1,945,619\nTotal current liabilities\n3,527,457\n2,811,635\nLong-term liabilities:\nDebt and capital lease obligations\n1,881,421\n1,892,200\nDeferred revenue\n88,592\n69,131\nIncome taxes payable\n173,088\n184,381\nDeferred income taxes\n279,941\n217,660\nOther liabilities\n125,188\n97,404\nTotal liabilities\n6,075,687\n5,272,411\nCommitments and contingencies\nStockholders equity:\n \n \nPreferred stock, $0.0001 par value; 2,000 shares authorized; none issued\n\n\nCommon stock, $0.0001 par value; 900,000 shares authorized; 600,834 shares issued; \n 491,262 and 494,254 shares outstanding, respectively\n61\n61\nAdditional paid-in-capital\n5,082,195\n4,616,331\nRetained earnings\n9,573,870\n8,114,517\nAccumulated other comprehensive income (loss)\n(111,821)\n(173,602)\nTreasury stock, at cost (109,572 and 106,580 shares, respectively), net of reissuances\n(6,084,436)\n(5,132,472)\nTotal stockholders equity\n8,459,869\n7,424,835\nTotal liabilities and stockholders equity\n$\n14,535,556\n$\n12,697,246\nSee accompanying Notes to Consolidated Financial Statements.\n\nTable Contents\n SYSTEMS\n BALANCE SHEETS\n thousands except value\n December 1,\n 2017\n December 2,\n 2016\n Current assets\n Cash equivalents\n 2,306,072\n 1,011,315\n Short-term investments\n 3,513,702\n 3,749,985\n Trade receivables allowances doubtful accounts $9,151 $6,214\n 1,217,968\n 833,033\n Prepaid expenses current assets\n 210,071\n 245,441\n Total assets\n 7,247,813\n,774\n Property equipment\n 936,976\n 816,264\n Goodwill\n,561\n 5,406,474\n Purchased intangibles\n 385,658\n 414,405\n Investment lease receivable\n 80,439\n Other assets\n 143,548\n 139,890\n Total assets\n 14,535,556\n 12,697,246\n LIABILITIES EQUITY\n Current liabilities\n Trade payables\n 113,538\n 88,024\n Accrued expenses\n 993,773\n 739,630\n Income taxes payable\n 14,196\n 38,362\n Deferred revenue\n 2,405,950\n 1,945,619\n Total liabilities\n 3,527,457\n 2,811,635\n Long-term liabilities\n Debt capital lease obligations\n 1,881,421\n 1,892,200\n Deferred revenue\n 88,592\n 69,131\n Income taxes payable\n 173,088\n 184,381\n Deferred income taxes\n 279,941\n 217,660\n Other liabilities\n 125,188\n 97,404\n Total liabilities\n,687\n 5,272,411\n Commitments contingencies\n Stockholders equity\n Preferred stock $0. 0001 par value 2,000 shares authorized none issued\nCommon stock $0. 0001 value 900,000 shares authorized 600,834 shares issued\n 491,262,254 shares outstanding\n 61\n Additional paid-in-capital\n 5,082,195\n 4,616,331\n Retained earnings\n 9,573,870\n 8,114,517\n Accumulated income (loss)\n (111,821)\n (173,602)\n Treasury stock cost (109,572 106,580 shares net reissuances\n (6,084,436)\n (5,132,472)\n Total stockholders equity\n 8,459,869\n,835\n Total liabilities stockholders equity\n $\n 14,535,556\n 12,697,246\n Notes Consolidated Financial Statements."}
{"_id": "dd2abe20c", "title": "", "text": "Table of Contents\n62\nADOBE SYSTEMS INCORPORATED\nCONSOLIDATED STATEMENTS OF INCOME\n(In thousands, except per share data)\n \nYears Ended\n \nDecember 2,\n2016\nNovember 27,\n2015\nNovember 28,\n2014\nRevenue:\n \nSubscription\n$\n4,584,833\n$\n3,223,904\n$\n2,076,584\nProduct\n800,498\n1,125,146\n1,627,803\nServices and support\n469,099\n446,461\n442,678\nTotal revenue\n5,854,430\n4,795,511\n4,147,065\n \nCost of revenue:\nSubscription\n461,860\n409,194\n335,432\nProduct\n68,917\n90,035\n97,099\nServices and support\n289,131\n245,088\n189,549\nTotal cost of revenue\n819,908\n744,317\n622,080\n \nGross profit\n5,034,522\n4,051,194\n3,524,985\n \nOperating expenses:\nResearch and development\n975,987\n862,730\n844,353\nSales and marketing\n1,910,197\n1,683,242\n1,652,308\nGeneral and administrative\n577,710\n531,919\n543,332\nRestructuring and other charges\n(1,508)\n1,559\n19,883\nAmortization of purchased intangibles\n78,534\n68,649\n52,424\nTotal operating expenses\n3,540,920\n3,148,099\n3,112,300\n \nOperating income\n1,493,602\n903,095\n412,685\n \nNon-operating income (expense):\nInterest and other income (expense), net\n13,548\n33,909\n7,267\nInterest expense\n(70,442)\n(64,184)\n(59,732)\nInvestment gains (losses), net\n(1,570)\n961\n1,156\nTotal non-operating income (expense), net\n(58,464)\n(29,314)\n(51,309)\nIncome before income taxes\n1,435,138\n873,781\n361,376\nProvision for income taxes\n266,356\n244,230\n92,981\nNet income\n$\n1,168,782\n$\n629,551\n$\n268,395\nBasic net income per share\n$\n2.35\n$\n1.26\n$\n0.54\nShares used to compute basic net income per share\n498,345\n498,764\n497,867\nDiluted net income per share\n$\n2.32\n$\n1.24\n$\n0.53\nShares used to compute diluted net income per share\n504,299\n507,164\n508,480\n See accompanying Notes to Consolidated Financial Statements.\n\nTable Contents\n SYSTEMS\n STATEMENTS INCOME\n thousands share data\n December 2,\n 2016\n November 27,\n 2015\n November 28,\n 2014\n Revenue\n Subscription\n 4,584,833\n 3,223,904\n 2,076,584\n Product 800,498\n 1,125,146\n 1,627,803\n Services support\n 469,099\n 446,461\n 442,678\n Total revenue\n 5,854,430\n 4,795,511\n 4,147,065\n Cost revenue\n Subscription\n 461,860\n 409,194\n 335,432\n Product 68,917\n 90,035\n 97,099\n Services support\n,131\n 245,088\n 189,549\n Total cost revenue\n 819,908\n 744,317\n 622,080\n Gross profit\n 5,034,522\n 4,051,194\n 3,524,985\n Operating expenses\n Research development\n 975,987\n 862,730\n,353\n Sales marketing\n 1,910,197\n 1,683,242\n 1,652,308\n General administrative\n 577,710\n 531,919\n 543,332\n Restructuring charges\n (1,508) 1,559 19,883\n Amortization purchased intangibles\n 78,534\n 68,649\n 52,424\n Total operating expenses\n 3,540,920\n 3,148,099\n 3,112,300\n Operating income\n 1,493,602\n 903,095\n 412,685\n Non-operating income\n Interest 13,548\n 33,909\n 7,267\n expense (70,442)\n (64,184)\n (59,732)\n Investment gains\n (1,570) 1,156 non-operating income\n (58,464)\n (29,314)\n (51,309)\nIncome before taxes\n 1,435,138\n 873,781\n 361,376\n Provision for income taxes\n 266,356\n 244,230\n 92,981\n Net income\n 1,168,782\n 629,551\n 268,395\n Basic net income per share\n $ 2. 35\n 1. 26\n. 54\n Shares compute basic net income per share\n,345\n 498,764\n 497,867\n Diluted net income per share\n 2. 32\n 1. 24\n. 53\n Shares compute diluted net income per share\n 504,299\n,164\n 508,480\n Notes to Consolidated Financial Statements."}
{"_id": "dd2abbe8a", "title": "", "text": "3M Company and Subsidiaries\nConsolidated Balance Sheet\nAt December 31\n(Dollars in millions, except per share amount)\n2022\n2021\nAssets\nCurrent assets\nCash and cash equivalents\n$\n3,655 $\n4,564 \nMarketable securities current\n238 \n201 \nAccounts receivable net of allowances of $174 and $189\n4,532 \n4,660 \nInventories\nFinished goods\n2,497 \n2,196 \nWork in process\n1,606 \n1,577 \nRaw materials and supplies\n1,269 \n1,212 \nTotal inventories\n5,372 \n4,985 \nPrepaids\n435 \n654 \nOther current assets\n456 \n339 \nTotal current assets\n14,688 \n15,403 \nProperty, plant and equipment\n25,998 \n27,213 \nLess: Accumulated depreciation\n(16,820)\n(17,784)\nProperty, plant and equipment net\n9,178 \n9,429 \nOperating lease right of use assets\n829 \n858 \nGoodwill\n12,790 \n13,486 \nIntangible assets net\n4,699 \n5,288 \nOther assets\n4,271 \n2,608 \nTotal assets\n$\n46,455 $\n47,072\n\n3M Company Subsidiaries\n Consolidated Balance Sheet\n December 31\n millions share amount\n 2022\n 2021\n Assets Current\n Cash equivalents\n 3,655\n 4,564\n Marketable securities\n 238\n 201\n Accounts receivable allowances $174 $189\n 4,532\n 4,660\n Inventories\n Finished goods\n 2,497\n 2,196\n Work process\n 1,606\n 1,577\n Raw materials supplies\n 1,269\n 1,212\n Total inventories\n 5,372\n 4,985\n Prepaids\n 435\n 654\n Other current assets\n Total assets\n 14,688\n 15,403\n Property plant equipment\n 25,998\n 27,213\n Accumulated depreciation\n (16,820)\n (17,784\n Property plant equipment\n 9,178\n 9,429\n Operating lease right use assets\n 829\n 858\n Goodwill\n 12,790\n 13,486\n Intangible assets\n 5,288\n Other assets\n 4,271\n 2,608\n Total assets\n 46,455\n 47,072"}
{"_id": "dd2b16146", "title": "", "text": "Walmart Inc.\nConsolidated Balance Sheets\n \n \nAs of January 31,\n(Amounts in millions)\n \n2018\n \n2017\nASSETS\n \n \nCurrent assets:\n \n \nCash and cash equivalents\n $\n6,756\n $\n6,867\nReceivables, net\n \n5,614\n \n5,835\nInventories\n \n43,783\n \n43,046\nPrepaid expenses and other\n \n3,511\n \n1,941\nTotal current assets\n \n59,664\n \n57,689\nProperty and equipment:\n \n \nProperty and equipment\n \n185,154\n \n179,492\nLess accumulated depreciation\n \n(77,479) \n(71,782)\nProperty and equipment, net\n \n107,675\n \n107,710\nProperty under capital lease and financing obligations:\n \n \nProperty under capital lease and financing obligations\n \n12,703\n \n11,637\nLess accumulated amortization\n \n(5,560) \n(5,169)\nProperty under capital lease and financing obligations, net\n \n7,143\n \n6,468\n \n \n \nGoodwill\n \n18,242\n \n17,037\nOther assets and deferred charges\n \n11,798\n \n9,921\nTotal assets\n $\n204,522\n $\n198,825\n \n \n \nLIABILITIES AND EQUITY\n \n \nCurrent liabilities:\n \n \nShort-term borrowings\n $\n5,257\n $\n1,099\nAccounts payable\n \n46,092\n \n41,433\nAccrued liabilities\n \n22,122\n \n20,654\nAccrued income taxes\n \n645\n \n921\nLong-term debt due within one year\n \n3,738\n \n2,256\nCapital lease and financing obligations due within one year\n \n667\n \n565\nTotal current liabilities\n \n78,521\n \n66,928\n \n \n \nLong-term debt\n \n30,045\n \n36,015\nLong-term capital lease and financing obligations\n \n6,780\n \n6,003\nDeferred income taxes and other\n \n8,354\n \n9,344\n \n \n \nCommitments and contingencies\n \n \n \n \n \nEquity:\n \n \nCommon stock\n \n295\n \n305\nCapital in excess of par value\n \n2,648\n \n2,371\nRetained earnings\n \n85,107\n \n89,354\nAccumulated other comprehensive loss\n \n(10,181) \n(14,232)\nTotal Walmart shareholders' equity\n \n77,869\n \n77,798\nNoncontrolling interest\n \n2,953\n \n2,737\nTotal equity\n \n80,822\n \n80,535\nTotal liabilities and equity\n $\n204,522\n $\n198,825\nSee accompanying notes.\n57\n\nWalmart Inc.\n Consolidated Balance Sheets\n January 31,\n (Amounts in millions)\n 2018\n 2017 ASSETS Current assets\n Cash cash equivalents\n $ 6,756\n $ 6,867\n Receivables\n 5,614 5,835\n Inventories\n 43,783\n 43,046\n Prepaid expenses other\n 3,511\n 1,941\n Total current assets\n 59,664\n 57,689\n Property and equipment\n equipment 185,154\n 179,492\n Less accumulated depreciation\n (77,479)\n (71,782)\n Property equipment\n 107,675\n 107,710\n Property under capital lease financing obligations\n capital lease financing obligations 12,703\n 11,637\n accumulated amortization\n (5,560)\n (5,169)\n Property under capital lease financing obligations\n 7,143\n 6,468\n Goodwill\n 18,242\n 17,037\n Other assets deferred charges\n 11,798\n Total assets\n $ 204,522\n 198,825\n LIABILITIES EQUITY\n Current liabilities\n Short-term borrowings\n $ 5,257\n $ 1,099\n Accounts payable\n 46,092\n 41,433\n Accrued liabilities\n 22,122\n 20,654\n Accrued income taxes\n 921 Long-term debt due within one year\n 3,738\n 2,256\n Capital lease financing obligations due within one year\n Total current liabilities\n 78,521\n 66,928\n Long-term debt\n 30,045\n 36,015\n Long-term capital lease financing obligations\n 6,780\n 6,003\n Deferred income taxes other\n 8,354\n 9,344\nCommitments contingencies\n Equity\n Common stock\n 295\n 305\n Capital excess value\n 2,648\n 2,371\n Retained earnings\n 85,107\n 89,354\n Accumulated comprehensive loss\n (10,181)\n (14,232\n Total Walmart shareholders equity\n 77,869\n 77,798\n Noncontrolling interest\n 2,953\n 2,737\n equity\n 80,822\n 80,535\n Total liabilities equity\n $ 204,522\n 198,825\n accompanying notes.\n 57"}
{"_id": "dd2abd7b2", "title": "", "text": "Table of Contents\nACTIVISION BLIZZARD, INC. AND SUBSIDIARIES\nCONSOLIDATED STATEMENTS OF CASH FLOWS\n(Amounts in millions)\n \nFor the Years Ended December 31,\n \n2019\n \n2018\n \n2017\nCash flows from operating activities:\n \n \n \n \n \nNet income\n$\n1,503\n $\n1,848\n $\n273\nAdjustments to reconcile net income to net cash provided by operating activities:\n \n \n \n \n \nDeferred income taxes\n(352) \n(35) \n(181)\nProvision for inventories\n6\n \n6\n \n33\nNon-cash operating lease cost\n64\n \n\n \n\nDepreciation and amortization\n328\n \n509\n \n888\nAmortization of capitalized software development costs and intellectual property licenses (1)\n225\n \n489\n \n311\nLoss on extinguishment of debt\n\n \n40\n \n12\nShare-based compensation expense (2)\n166\n \n209\n \n176\nUnrealized gain on equity investment (Note 10)\n(38) \n\n \n\nOther\n51\n \n7\n \n40\nChanges in operating assets and liabilities, net of effect from business acquisitions:\n \n \n \n \n \nAccounts receivable, net\n182\n \n(114) \n(165)\nInventories\n7\n \n(5) \n(26)\nSoftware development and intellectual property licenses\n(275) \n(372) \n(301)\nOther assets\n164\n \n(51) \n(97)\nDeferred revenues\n(154) \n(122) \n220\nAccounts payable\n31\n \n(65) \n85\nAccrued expenses and other liabilities\n(77) \n(554) \n945\nNet cash provided by operating activities\n1,831\n \n1,790\n \n2,213\nCash flows from investing activities:\n \n \n \n \n \nProceeds from maturities of available-for-sale investments\n153\n \n116\n \n80\nPurchases of available-for-sale investments\n(65) \n(209) \n(135)\nCapital expenditures\n(116) \n(131) \n(155)\nOther investing activities\n6\n \n(6) \n3\nNet cash used in investing activities\n(22) \n(230) \n(207)\nCash flows from financing activities:\n \n \n \n \n \nProceeds from issuance of common stock to employees\n105\n \n99\n \n178\nTax payment related to net share settlements on restricted stock units\n(59) \n(94) \n(56)\nDividends paid\n(283) \n(259) \n(226)\nProceeds from debt issuances, net of discounts\n\n \n\n \n3,741\nRepayment of long-term debt\n\n \n(1,740) \n(4,251)\nPremium payment for early redemption of note\n\n \n(25) \n\nOther financing activities\n\n \n(1) \n(10)\nNet cash used in financing activities\n(237) \n(2,020) \n(624)\nEffect of foreign exchange rate changes on cash and cash equivalents\n(3) \n(31) \n76\nNet increase (decrease) in cash and cash equivalents and restricted cash\n1,569\n \n(491) \n1,458\nCash and cash equivalents and restricted cash at beginning of period\n4,229\n \n4,720\n \n3,262\nCash and cash equivalents and restricted cash at end of period\n$\n5,798\n $\n4,229\n $\n4,720\n(1)\nExcludes deferral and amortization of share-based compensation expense.\n(2)\nIncludes the net effects of capitalization, deferral, and amortization of share-based compensation expense.\nThe accompanying notes are an integral part of these Consolidated Financial Statements.\nF-8\n\nTable Contents\n ACTIVISION BLIZZARD INC. SUBSIDIARIES\n CONSOLIDATED STATEMENTS CASH FLOWS\n (Amounts millions)\n Years Ended December 31,\n 2019\n 2018\n 2017\n Cash flows operating activities\n Net income\n $\n 1,503\n $\n 1,848\n $\n 273\n Adjustments reconcile net income cash operating activities\n Deferred income taxes\n (352)\n (35) (181)\n Provision inventories\n 6\n 6 33 Non-cash operating lease cost\n 64\n Depreciation amortization\n 328\n 509\n Amortization capitalized software development costs property licenses\n 225\n 311\n Loss on extinguishment debt\n 40\n 12 Share-based compensation expense (2)\n 166\n 209\n 176\n Unrealized gain equity investment (Note 10)\n (38) Other 51\n 7\n 40 Changes operating assets liabilities effect business\n Accounts receivable\n 182\n (114)\n (165)\n Inventories\n 7\n (5) (26) Software development intellectual property licenses\n (275)\n (372)\n (301)\n Other assets\n 164\n (51)\n (97)\n Deferred revenues\n (154)\n (122)\n 220 Accounts payable\n 31\n (65)\n 85 Accrued expenses other liabilities\n (77)\n (554)\n 945\n Net cash operating activities\n 1,831\n 1,790\n 2,213\n Cash flows from investing activities\n Proceeds maturities available-for-sale investments\n 153\n 116\n 80 Purchases available-for-sale investments\n (65) (209)\n (135)\n Capital expenditures\n (116)\n (131)\n (155)\n Other investing activities\n 6\n (6) 3 Net cash used investing activities\n(22)\n (230)\n (207)\n Cash flows financing activities\n Proceeds issuance common stock employees\n 105\n 99\n 178\n Tax payment related net share settlements restricted stock units\n (59)\n (94)\n (56)\n Dividends paid\n (283)\n (259)\n (226)\n Proceeds debt issuances net discounts\n 3,741\n Repayment long-term debt\n (1,740)\n (4,251)\n Premium payment early redemption note\n (25)\n financing activities\n (1) (10) Net cash used financing activities\n (237)\n (2,020)\n (624)\n Effect foreign exchange rate changes cash cash equivalents\n (3)\n (31)\n 76\n Net increase (decrease) cash cash equivalents restricted cash\n 1,569\n (491)\n 1,458\n Cash cash equivalents restricted cash beginning period\n 4,229\n 4,720\n 3,262\n Cash cash equivalents restricted cash end period\n $ 5,798\n $\n 4,229\n $\n 4,720\n (1) Excludes deferral amortization share-based compensation expense.\n (2) Includes net effects capitalization deferral amortization share-based compensation expense.\n accompanying notes integral part Consolidated Financial Statements.\n F-8"}
{"_id": "dd2ac49a4", "title": "", "text": "Table of Contents\nAmerican Water Works Company, Inc. and Subsidiary Companies\nConsolidated Statements of Cash Flows\n(In millions)\n \nFor the Years Ended December 31,\n \n2020\n2019\n2018\nCASH FLOWS FROM OPERATING ACTIVITIES\n \n \n \nNet income\n$\n709 \n$\n621 \n$\n565 \nAdjustments to reconcile to net cash flows provided by operating activities:\n \n \n \nDepreciation and amortization\n604 \n582 \n545 \nDeferred income taxes and amortization of investment tax credits\n207 \n208 \n195 \nProvision for losses on accounts receivable\n34 \n28 \n33 \nLoss (gain) on asset dispositions and purchases\n \n34 \n(20)\nImpairment charge\n \n \n57 \nPension and non-pension postretirement benefits\n(14)\n17 \n23 \nOther non-cash, net\n(20)\n(41)\n20 \nChanges in assets and liabilities:\n \n \n \nReceivables and unbilled revenues\n(97)\n(25)\n(17)\nPension and non-pension postretirement benefit contributions\n(39)\n(31)\n(22)\nAccounts payable and accrued liabilities\n(2)\n66 \n25 \nOther assets and liabilities, net\n44 \n(72)\n22 \nImpact of Freedom Industries settlement activities\n \n(4)\n(40)\nNet cash provided by operating activities\n1,426 \n1,383 \n1,386 \nCASH FLOWS FROM INVESTING ACTIVITIES\n \n \n \nCapital expenditures\n(1,822)\n(1,654)\n(1,586)\nAcquisitions, net of cash acquired\n(135)\n(235)\n(398)\nProceeds from sale of assets\n2 \n48 \n35 \nRemoval costs from property, plant and equipment retirements, net\n(106)\n(104)\n(87)\nNet cash used in investing activities\n(2,061)\n(1,945)\n(2,036)\nCASH FLOWS FROM FINANCING ACTIVITIES\n \n \n \nProceeds from long-term debt\n1,334 \n1,530 \n1,358 \nRepayments of long-term debt\n(342)\n(495)\n(526)\nProceeds from term loan\n500 \n \n \nNet short-term borrowings with maturities less than three months\n(5)\n(178)\n60 \nIssuance of common stock\n \n \n183 \nProceeds from issuances of employee stock plans and direct stock purchase plan, net of taxes paid of $17, $11\nand $8 in 2020, 2019 and 2018, respectively\n9 \n15 \n16 \nAdvances and contributions in aid of construction, net of refunds of $24, $30 and $22 in 2020, 2019\nand 2018, respectively\n28 \n26 \n21 \nDebt issuance costs and make-whole premium on early debt redemption\n(15)\n(15)\n(22)\nDividends paid\n(389)\n(353)\n(319)\nAnti-dilutive share repurchases\n \n(36)\n(45)\nNet cash provided by financing activities\n1,120 \n494 \n726 \nNet increase (decrease) in cash, cash equivalents and restricted funds\n485 \n(68)\n76 \nCash, cash equivalents and restricted funds at beginning of period\n91 \n159 \n83 \nCash, cash equivalents and restricted funds at end of period\n$\n576 \n$\n91 \n$\n159 \nCash paid during the year for:\n \n \n \nInterest, net of capitalized amount\n$\n382 \n$\n383 \n$\n332 \nIncome taxes, net of refunds of $2, $4 and $0 in 2020, 2019 and 2018, respectively\n$\n7 \n$\n12 \n$\n38 \nNon-cash investing activity:\n \n \n \nCapital expenditures acquired on account but unpaid as of year end\n$\n221 \n$\n235 \n$\n181 \nThe accompanying notes are an integral part of these Consolidated Financial Statements.\n84\n\nTable Contents\n American Water Works Company. Subsidiary Companies\n Statements Cash Flows\n millions\n Years Ended December 31,\n 2020\n 2019\n 2018\n CASH FLOWS FROM OPERATING\n Net income\n $\n 709\n $\n 621\n $\n 565\n Adjustments reconcile net cash flows activities\n Depreciation amortization\n 604\n 582\n 545\n Deferred income taxes amortization investment tax credits\n 207\n 208\n 195\n Provision losses accounts receivable\n 34\n 28\n 33\n Loss dispositions purchases\n 34\n (20) Impairment charge\n 57\n Pension non-pension postretirement benefits\n (14)\n 17\n 23\n Other non-cash\n (20)\n (41)\n 20 Changes assets liabilities\n Receivables unbilled revenues\n (97)\n (25)\n (17)\n Pension non-pension postretirement benefit contributions\n (39)\n (31)\n (22)\n Accounts payable accrued liabilities\n 66\n 25\n Other assets liabilities\n 44\n (72)\n 22\n Impact Freedom Industries settlement activities\n (4) (40) Net cash operating activities\n 1,426\n 1,383\n 1,386\n CASH FLOWS FROM INVESTING\n Capital expenditures\n (1,822)\n (1,654)\n (1,586)\n Acquisitions cash acquired\n (135)\n (235)\n (398)\n Proceeds sale assets\n 2\n 48\n 35\n Removal costs property plant equipment retirements\n (106)\n (104)\n (87)\n cash investing activities\n (2,061)\n (1,945)\n (2,036)\n CASH FLOWS FROM FINANCING\n Proceeds long-term debt\n 1,334\n 1,530\n 1,358\n Repayments long-term debt\n (342)\n (495)\n (526)\n Proceeds term loan\n 500\nshort-term borrowings maturities less than three months\n (5)\n (178)\n 60\n Issuance common stock\n 183\n Proceeds from issuances employee stock plans direct stock purchase plan net taxes paid $17, $11\n $8 in 2020 2019 2018\n 9\n 15\n 16\n Advances contributions construction net refunds $24, $30 $22 in 2020 2019\n 2018\n 28\n 26\n 21\n Debt issuance costs make-whole premium early debt redemption\n (15)\n (15)\n (22)\n Dividends paid\n (389)\n (353)\n (319)\n Anti-dilutive share repurchases\n (36)\n (45)\n Net cash financing activities\n 1,120\n 494\n 726\n Net increase (decrease) in cash cash equivalents restricted funds\n 485\n (68)\n 76\n Cash cash equivalents restricted funds beginning period\n 91\n 159\n 83\n Cash cash equivalents restricted funds end of period\n $\n 576\n $\n 91\n $\n 159\n Cash paid year\n Interest net capitalized amount\n $\n 382\n $\n 383\n 332\n Income taxes net refunds $2, $4 $0 in 2020 2019 2018\n $\n 7\n 12\n $\n 38\n Non-cash investing activity:\n Capital expenditures acquired account unpaid year end\n $\n 221\n $\n 235\n $\n 181\n accompanying notes integral part of Consolidated Financial Statements.\n 84"}
{"_id": "dd2b08d20", "title": "", "text": "Estimated Future Benefit Payments \nThe benefit payments to retirees are expected to be paid as follows: \n(dollars in millions) \nYear\nPension Benefits \nHealth Care and Life \n2022\n$ \n2,049 \n$ \n906 \n2023\n1,648 \n883 \n2024\n1,097 \n862 \n2025\n1,066 \n850 \n2026\n1,034 \n840 \n2027 to 2031\n5,097 \n4,139\n\nFuture Benefit Payments\n benefit payments retirees paid\n (dollars millions\n Year\n Pension Benefits\n Health Care Life\n 2022\n $\n 2,049\n 906\n 2023\n 1,648\n 883\n 2024\n 1,097\n 862\n 2025\n 1,066\n 850\n 2026\n 1,034\n 840\n 2027 2031\n 5,097\n 4,139"}
{"_id": "dd2ae790e", "title": "", "text": "Fair value level\nJune 30, 2023\nDecember 31, 2022\n(In thousands)\nCash and cash equivalents:\nMoney market funds\nLevel 1\n$\n2,195 \n$\n12,009 \nCommercial paper and certificates of deposit\nLevel 2\n \n5,992 \nCash and cash equivalents\n2,195 \n18,001 \nShort-term investments:\nU.S. government securities\nLevel 1\n57,696 \n56,835 \nU.S. agency securities\nLevel 2\n29,049 \n9,530 \nCommercial paper and certificates of deposit\nLevel 2\n4,561 \n4,466 \nCorporate bonds\nLevel 2\n416,420 \n213,875 \nShort-term investments\n507,726 \n284,706 \nTotal debt investments\n$\n509,921 \n$\n302,707\n\nFair value level\n June 30, 2023\n December 31, 2022\n thousands\n Cash equivalents\n Money market funds\n Level 1\n 2,195\n 12,009\n Commercial paper certificates deposit\n Level 2\n Cash equivalents\n 2,195\n 18,001\n Short-term investments\n U. S. government securities\n Level 1\n 57,696\n 56,835\n. agency securities\n Level 2\n 29,049\n Commercial paper certificates deposit\n 2 4,561\n 4,466\n Corporate bonds\n 2\n 416,420\n 213,875\n Short-term investments\n 507,726\n 284,706\n Total debt investments\n 509,921\n 302,707"}
{"_id": "dd2abdf28", "title": "", "text": "63\nADOBE SYSTEMS INCORPORATED\n CONSOLIDATED STATEMENTS OF CASH FLOWS\n(In thousands)\n \nYears Ended\n \nNovember 27,\n2015\nNovember 28,\n2014\nNovember 29,\n2013\nCash flows from operating activities:\n \n \nNet income..................................................................................................................... $\n629,551\n$\n268,395\n$\n289,985\nAdjustments to reconcile net income to net cash provided by operating activities:\nDepreciation, amortization and accretion.................................................................\n339,473\n313,590\n321,227\nStock-based compensation .......................................................................................\n335,859\n333,701\n328,987\nDeferred income taxes..............................................................................................\n(69,657)\n(26,089)\n29,704\nGain on the sale of property .....................................................................................\n(21,415)\n\n\nWrite down of assets held for sale............................................................................\n\n\n23,151\nUnrealized (gains) losses on investments.................................................................\n(9,210)\n(74)\n5,665\nTax benefit from stock-based compensation............................................................\n68,133\n53,225\n25,290\nExcess tax benefits from stock-based compensation................................................\n(68,153)\n(53,235)\n(40,619)\nOther non-cash items................................................................................................\n1,216\n1,889\n5,654\nChanges in operating assets and liabilities, net of acquired assets and\n assumed liabilities:\nTrade receivables, net ............................................................................................\n(79,502)\n7,928\n33,649\nPrepaid expenses and other current assets .............................................................\n(7,701)\n(1,918)\n(55,509)\nTrade payables .......................................................................................................\n22,870\n6,211\n7,132\nAccrued expenses...................................................................................................\n(5,944)\n37,544\n41,828\nAccrued restructuring.............................................................................................\n(16,620)\n8,871\n(6,949)\nIncome taxes payable.............................................................................................\n29,801\n11,006\n(58,875)\nDeferred revenue....................................................................................................\n320,801\n326,438\n201,366\nNet cash provided by operating activities.........................................................\n1,469,502\n1,287,482\n1,151,686\nCash flows from investing activities:\n \n \nPurchases of short-term investments .............................................................................\n(2,064,833)\n(2,014,186)\n(2,058,058)\nMaturities of short-term investments.............................................................................\n371,790\n272,076\n360,485\nProceeds from sales of short-term investments .............................................................\n1,176,476\n1,443,577\n1,449,961\nAcquisitions, net of cash acquired .................................................................................\n(826,004)\n(29,802)\n(704,589)\nPurchases of property and equipment............................................................................\n(184,936)\n(148,332)\n(188,358)\nProceeds from sale of property ......................................................................................\n57,779\n\n24,260\nPurchases of long-term investments, intangibles and other assets ................................\n(22,779)\n(17,572)\n(67,737)\nProceeds from sale of long-term investments................................................................\n4,149\n3,532\n6,233\nNet cash used for investing activities ...............................................................\n(1,488,358)\n(490,707)\n(1,177,803)\nCash flows from financing activities:\n \n \nPurchases of treasury stock............................................................................................\n(625,000)\n(600,000)\n(1,100,000)\nProceeds from issuance of treasury stock......................................................................\n164,270\n227,841\n598,194\nCost of issuance of treasury stock..................................................................................\n(186,373)\n(173,675)\n(97,418)\nExcess tax benefits from stock-based compensation.....................................................\n68,153\n53,235\n40,619\nProceeds from debt and capital lease obligations ..........................................................\n989,280\n\n25,703\nRepayment of debt and capital lease obligations...........................................................\n(602,189)\n(14,684)\n(25,879)\nDebt issuance costs ........................................................................................................\n(8,828)\n\n(357)\nNet cash used for financing activities...............................................................\n(200,687)\n(507,283)\n(559,138)\nEffect of foreign currency exchange rates on cash and cash equivalents.........................\n(21,297)\n(6,648)\n(5,241)\nNet increase (decrease) in cash and cash equivalents.......................................................\n(240,840)\n282,844\n(590,496)\nCash and cash equivalents at beginning of year...............................................................\n1,117,400\n834,556\n1,425,052\nCash and cash equivalents at end of year ......................................................................... $\n876,560\n$\n1,117,400\n$\n834,556\nSupplemental disclosures:\n \nCash paid for income taxes, net of refunds.................................................................... $\n203,010\n$\n20,140\n$\n129,701\nCash paid for interest ..................................................................................................... $\n56,014\n$\n68,886\n$\n64,843\nNon-cash investing activities:\nInvestment in lease receivable applied to building purchase......................................... $\n\n$\n126,800\n$\n\nIssuance of common stock and stock awards assumed in business acquisitions........... $\n677\n$\n21\n$\n1,160\nSee accompanying Notes to Consolidated Financial Statements.\n\n63\n ADOBE SYSTEMS INCORPORATED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Years Ended November 27, 2015 November 28, 2014 November 29, 2013 Cash flows from operating activities: Net income. $\n 629,551 $ 268,395 $ 289,985 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, amortization and accretion.\n 339,473 313,590 321,227 Stock-based compensation.\n 335,859 333,701 328,987 Deferred income taxes..\n (69,657) (26,089) 29,704 Gain on the sale of property.\n (21,415) Write down of assets held for sale.\n 23,151 Unrealized (gains) losses on investments.\n (9,210) (74) 5,665 Tax benefit from stock-based compensation.\n 68,133 53,225 25,290 Excess tax benefits from stock-based compensation.\n (68,153) (53,235) (40,619) Other non-cash items..\n 1,216 1,889 5,654 Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: Trade receivables, net.\n (79,502) 7,928 33,649 Prepaid expenses and other current assets.\n (7,701) (1,918) (55,509) Trade payables.\n 22,870 6,211 7,132 Accrued expenses.\n (5,944) 37,544 41,828Accrued restructuring.\n (16,620) 8,871 (6,949) Income taxes payable.\n 29,801 11,006 (58,875) Deferred revenue.\n 320,801 326,438 201,366 Net cash provided by operating activities.\n 1,469,502 1,287,482 1,151,686 Cash flows from investing activities: Purchases of short-term investments..\n (2,064,833) (2,014,186) (2,058,058) Maturities of short-term investments.\n 371,790 272,076 360,485 Proceeds from sales of short-term investments.\n 1,176,476 1,443,577 1,449,961 Acquisitions, net of cash acquired.\n (826,004) (29,802) (704,589) Purchases of property and equipment.\n (184,936) (148,332) (188,358) Proceeds from sale of property..\n 57,779 24,260 Purchases of long-term investments, intangibles and other assets.\n (22,779) (17,572) (67,737) Proceeds from sale of long-term investments.\n 4,149 3,532 6,233 Net cash used for investing activities.\n (1,488,358) (490,707) (1,177,803) Cash flows from financing activities: Purchases of treasury stock.\n (625,000) (600,000) (1,100,000) Proceeds from issuance of treasury stock.\n 164,270 227,841 598,194 Cost of issuance of treasury stock..\n (186,373) (173,675) (97,418) Excess tax benefits from stock-based compensation.\n 68,153 53,235 40,619 Proceeds from debt and capital lease obligations.\n 989,280 25,703 Repayment of debt and capital lease obligations.\n (602,189) (14,684) (25,879) Debt issuance costs.\n (8,828) (357) Net cash used for financing activities..\n (200,687) (507,283) (559,138) Effect of foreign currency exchange rates on cash and cash equivalents.\n (21,297) (6,648) (5,241) Net increase (decrease) in cash and cash equivalents.\n (240,840) 282,844 (590,496) Cash and cash equivalents at beginning of year.\n 1,117,400 834,556 1,425,052 Cash and cash equivalents at end of year. $\n 876,560 $ 1,117,400 $ 834,556 Supplemental disclosures: Cash paid for income taxes, net of refunds. $\n 203,010 $ 20,140 $ 129,701 Cash paid for interest.. $\n 56,014\n $ 68,886\n $ 64,843\n Non-cash investing activities:\n Investment in lease receivable applied to building purchase. $\n $ 126,800\n $ Issuance of common stock and stock awards assumed in business acquisitions. $\n 677 $ 21\n $ 1,160\n See accompanying Notes to Consolidated Financial Statements."}
{"_id": "dd2afb88c", "title": "", "text": "Year Ended December 31,\n(MILLIONS, EXCEPT PER COMMON SHARE DATA)\n2021\n2020\n2019\nRevenues\n$\n81,288 \n$\n41,651 \n$\n40,905 \nCosts and expenses:\n \n \nCost of sales\n30,821 \n8,484 \n8,054 \nSelling, informational and administrative expenses\n12,703 \n11,597 \n12,726 \nResearch and development expenses\n13,829 \n9,393 \n8,385 \nAmortization of intangible assets\n3,700 \n3,348 \n4,429 \nRestructuring charges and certain acquisition-related costs\n802 \n579 \n601 \n(Gain) on completion of Consumer Healthcare JV transaction\n \n(6)\n(8,107)\nOther (income)/deductionsnet\n(4,878)\n1,219 \n3,497 \nIncome from continuing operations before provision/(benefit) for taxes on income\n24,311 \n7,036 \n11,321 \nProvision/(benefit) for taxes on income\n1,852 \n370 \n583 \nIncome from continuing operations\n22,459 \n6,666 \n10,738 \nDiscontinued operationsnet of tax\n(434)\n2,529 \n5,318 \nNet income before allocation to noncontrolling interests\n22,025 \n9,195 \n16,056 \nLess: Net income attributable to noncontrolling interests\n45 \n36 \n29 \nNet income attributable to Pfizer Inc. common shareholders\n$\n21,979 \n$\n9,159 \n$\n16,026\n\nEnded December 31,\n (MILLIONS COMMON SHARE DATA\n 2021\n 2020\n 2019\n Revenues\n $\n 81,288\n 41,651\n $ 40,905\n Costs expenses\n Cost sales\n 30,821\n 8,484\n 8,054\n Selling informational administrative expenses\n 12,703\n 11,597\n 12,726\n Research development expenses\n 13,829\n 9,393\n 8,385\n Amortization intangible assets\n 3,700\n 3,348\n Restructuring charges-related costs\n 802\n (Gain completion Consumer Healthcare JV transaction\n (8,107)\n Other (income)/deductionsnet\n (4,878)\n 1,219\n 3,497\n Income continuing operations before provision(benefit taxes income\n 24,311\n 7,036\n 11,321\n Provision(benefit) taxes\n 1,852\n 370\n 583\n Income continuing operations\n 22,459\n 6,666\n 10,738\n Discontinued operationsnet tax\n (434)\n 2,529\n 5,318\n Net income before allocation noncontrolling interests\n 22,025\n 9,195\n 16,056\n Less Net income attributable noncontrolling interests\n 45\n 36\n 29\n income Pfizer Inc. common shareholders\n 21,979\n 9,159\n 16,026"}
{"_id": "dd2ac20d2", "title": "", "text": "ITEM 8.\nFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA\nAdvanced Micro Devices, Inc.\nConsolidated Statements of Operations\n \n \nYear Ended\n \nDecember 26,\n \n2015\n \nDecember 27,\n \n2014\n \nDecember 28,\n \n2013\n \n(In millions, except per share amounts)\nNet revenue\n$\n3,991 $\n5,506 $\n5,299 \nCost of sales\n2,911 \n3,667 \n3,321 \nGross margin\n1,080 \n1,839 \n1,978 \nResearch and development\n947 \n1,072 \n1,201 \nMarketing, general and administrative\n482 \n604 \n674 \nAmortization of acquired intangible assets\n3 \n14 \n18 \nRestructuring and other special charges, net\n129 \n71 \n30 \nGoodwill impairment charge\n \n233 \n \nLegal settlements, net\n \n \n(48)\nOperating income (loss)\n(481) \n(155) \n103 \nInterest expense\n(160) \n(177) \n(177)\nOther expense, net\n(5) \n(66) \n \nLoss before income taxes\n(646) \n(398) \n(74)\nProvision for income taxes\n14 \n5 \n9 \nNet loss\n$\n(660) $\n(403) $\n(83)\nNet loss per share\n \n \n \nBasic\n$\n(0.84) $\n(0.53) $\n(0.11)\nDiluted\n$\n(0.84) $\n(0.53) $\n(0.11)\nShares used in per share calculation\n \n \n \nBasic\n783 \n768 \n754 \nDiluted\n783 \n768 \n754 \nSee accompanying notes to consolidated financial statements.\n \n54\n\nITEM 8.\n FINANCIAL STATEMENTS SUPPLEMENTARY DATA\n Advanced Micro Devices.\n Consolidated Statements Operations\n Ended December 26,\n 2015\n December 27,\n 2014\n December 28,\n 2013\n millions share amounts\n revenue\n $\n $\n 5,506 $\n 5,299\n Cost sales\n 2,911\n 3,667\n 3,321\n Gross margin\n 1,080\n 1,839\n 1,978\n Research development\n 947\n 1,072\n 1,201\n Marketing general administrative\n 482\n 674\n Amortization acquired intangible assets\n 3\n 14\n 18\n Restructuring special charges\n 129\n 71\n 30\n Goodwill impairment charge\n 233\n Legal settlements\n (48)\n Operating income (loss)\n (481)\n (155)\n 103\n Interest expense\n (160)\n (177)\n (177)\n expense\n (5)\n (66)\n Loss income taxes\n (646)\n (398)\n (74)\n Provision income taxes\n 14\n 5\n 9\n Net loss\n $\n (660) $\n (403) $\n (83)\n Net loss share\n Basic $\n (0. 84) $\n. $\n. 11)\n Diluted $. 84) $\n. $\n (0. 11)\n Shares share calculation\n 783\n 768\n 754\n Diluted 783\n 754\n accompanying notes consolidated financial statements.\n 54"}
{"_id": "dd2ad4ed0", "title": "", "text": "In December 2022, the Company agreed to a formal settlement agreement, the financial amounts of which were agreed to in principle in October 2022, with a\nleadership group of a number of state Attorneys General and the Plaintiffs Executive Committee (PEC). The agreement would resolve substantially all\nopioid claims against Company entities by states and political subdivisions, but not private plaintiffs. The maximum amount payable by the Company under the\nsettlement would be approximately $4.3 billion in opioid remediation and $625 million in attorneys fees and costs and additional remediation. The amounts\nwould be payable over 10 years, beginning in 2023.\n\nDecember 2022 Company agreed to formal settlement agreement financial amounts agreed to in principle in October 2022, with\n leadership group of state Attorneys General and Plaintiffs Executive Committee (PEC). agreement resolve substantially all\n opioid claims against Company entities by states and political subdivisions, not private plaintiffs. maximum amount payable by Company under\n settlement approximately $4. 3 billion in opioid remediation and $625 million in attorneys fees and costs additional remediation. amounts\n payable over 10 years, beginning in 2023."}
{"_id": "dd2ad3fd0", "title": "", "text": "ConsolidatedBalanceSheets\n\nAtDecember31,\nIn millions, except per share amounts\n2018\n\n2017\nAssets:\n\n \nCashandcashequivalents\n$\n4,059 $\n1,696\nInvestments\n2,522 \n111\nAccountsreceivable,net\n17,631 \n13,181\nInventories\n16,450 \n15,296\nOthercurrentassets\n4,581 \n945\nTotalcurrentassets\n45,243 \n31,229\nLong-terminvestments\n15,732 \n112\nPropertyandequipment,net\n11,349 \n10,292\nGoodwill\n78,678 \n38,451\nIntangibleassets,net\n36,524 \n13,630\nSeparateaccountsassets\n3,884 \n\nOtherassets\n5,046 \n1,417\nTotalassets\n$\n196,456 $\n95,131\n\n\n \nLiabilities:\n\n \nAccountspayable\n$\n8,925 $\n8,863\nPharmacyclaimsanddiscountspayable\n12,302 \n10,355\nHealthcarecostspayable\n5,210 \n5\nPolicyholdersfunds\n2,939 \n\nAccruedexpenses\n10,711 \n6,581\nOtherinsuranceliabilities\n1,937 \n23\nShort-termdebt\n720 \n1,276\nCurrentportionoflong-termdebt\n1,265 \n3,545\nTotalcurrentliabilities\n44,009 \n30,648\nLong-termdebt\n71,444 \n22,181\nDeferredincometaxes\n7,677 \n2,996\nSeparateaccountsliabilities\n3,884 \n\nOtherlong-terminsuranceliabilities\n8,119 \n334\nOtherlong-termliabilities\n2,780 \n1,277\nTotalliabilities\n137,913 \n57,436\nCommitmentsandcontingencies(Note16)\n\n\n\n \nShareholdersequity:\n\n\n\nCVSHealthshareholdersequity:\n\n \nPreferredstock,parvalue$0.01:0.1sharesauthorized;noneissuedoroutstanding\n \n\nCommonstock,parvalue$0.01:3,200sharesauthorized;1,720sharesissuedand1,295sharesoutstandingat\nDecember31,2018and1,712sharesissuedand1,014sharesoutstandingatDecember31,2017andcapital\nsurplus\n45,440 \n32,096\nTreasurystock,atcost:425sharesatDecember31,2018and698sharesatDecember31,2017\n(28,228) \n(37,796)\nRetainedearnings\n40,911 \n43,556\nAccumulatedothercomprehensiveincome(loss)\n102 \n(165)\nTotalCVSHealthshareholdersequity\n58,225 \n37,691\nNoncontrollinginterests\n318 \n4\nTotalshareholdersequity\n58,543 \n37,695\nTotalliabilitiesandshareholdersequity\n$\n196,456 $\n95,131\n\n\n \nSeeaccompanyingnotestoconsolidatedfinancialstatements.\nPage40\n\nConsolidatedBalanceSheets\n millions share amounts\n 2018\n 2017 Assets\n Cashandcashequivalents 4,059\n 1,696\n Investments\n 2,522\n Accountsreceivable\n 17,631\n 13,181\n Inventories\n 16,450\n 15,296\n Othercurrentassets\n 4,581\n 945 Totalcurrentassets\n 45,243\n 31,229\n Long-terminvestments\n 15,732\n Propertyandequipment 11,349\n 10,292\n Goodwill\n 78,678\n 38,451\n Intangibleassets\n 36,524\n 13,630\n Separateaccountsassets\n 3,884\n Otherassets\n 5,046\n 1,417\n Totalassets\n 196,456\n 95 Liabilities\n Accountspayable\n 8,863\n Pharmacyclaimsanddiscountspayable 12,302\n 10,355\n Healthcarecostspayable\n 5,210\n Policyholdersfunds\n 2,939\n Accruedexpenses\n 10,711\n 6,581 Otherinsuranceliabilities\n 1,937\n Short-termdebt\n 720 1,276 Currentportionoflong-termdebt\n 1,265 3,545 Totalcurrentliabilities\n 44,009\n 30,648\n Long-termdebt\n 71,444\n 22,181 Deferredincometaxes\n 7,677\n 2,996\n Separateaccountsliabilities\n 3,884\n Otherlong-terminsuranceliabilities 8,119\n-termliabilities 2,780\n 1,277 Totalliabilities\n 137,913\n 57,436\n Commitmentsandcontingencies(Note16) Shareholdersequity\n CVSHealthshareholdersequity\n Preferredstock. 1sharesauthorized\nCommonstock.:3;1,720sharesissuedand1,295sharesoutstandingat\n December31,2018and1,712sharesissuedand1,014sharesoutstandingatDecember31\n 45,440\n 32,096\n Treasurystock,2018and698sharesatDecember31,2017\n (28,228\n (37,796)\n 40,911\n 43,556\n Accumulatedothercomprehensiveincome(loss\n 102 TotalCVSHealthshareholdersequity\n 58,225\n 37,691\n Noncontrollinginterests\n 318\n Totalshareholdersequity\n 58,543\n 37,695\n Totalliabilitiesandshareholdersequity\n 196,456\n 95,131\n Seeaccompanyingnotestoconsolidatedfinancialstatements.\n Page40"}
{"_id": "dd2ad662c", "title": "", "text": "Dividends\nDuring 2022, 2021 and 2020, the quarterly cash dividend was $0.55, $0.50 and $0.50 per share, respectively.\n\nDividends\n During 2022 2021 2020 quarterly cash dividend $0. 55, $0. 50 $0. 50 per share."}
{"_id": "dd2ad1262", "title": "", "text": "THE COCA-COLA COMPANY AND SUBSIDIARIES\nCONSOLIDATED STATEMENTS OF INCOME\n(In millions except per share data)\nYear Ended December 31,\n2022\n2021\n2020\nNet Operating Revenues\n$\n43,004 $\n38,655 $\n33,014 \nCost of goods sold\n18,000 \n15,357 \n13,433 \nGross Profit\n25,004 \n23,298 \n19,581 \nSelling, general and administrative expenses\n12,880 \n12,144 \n9,731 \nOther operating charges\n1,215 \n846 \n853 \nOperating Income\n10,909 \n10,308 \n8,997 \nInterest income\n449 \n276 \n370 \nInterest expense\n882 \n1,597 \n1,437 \nEquity income (loss) net\n1,472 \n1,438 \n978 \nOther income (loss) net\n(262)\n2,000 \n841 \nIncome Before Income Taxes\n11,686 \n12,425 \n9,749 \nIncome taxes\n2,115 \n2,621 \n1,981 \nConsolidated Net Income\n9,571 \n9,804 \n7,768 \nLess: Net income (loss) attributable to noncontrolling interests\n29 \n33 \n21 \nNet Income Attributable to Shareowners of The Coca-Cola Company\n$\n9,542 $\n9,771 $\n7,747 \nBasic Net Income Per Share\n$\n2.20 $\n2.26 $\n1.80 \nDiluted Net Income Per Share\n$\n2.19 $\n2.25 $\n1.79 \nAverage Shares Outstanding Basic\n4,328 \n4,315 \n4,295 \nEffect of dilutive securities\n22 \n25 \n28 \nAverage Shares Outstanding Diluted\n4,350 \n4,340 \n4,323 \nCalculated based on net income attributable to shareowners of The Coca-Cola Company.\nRefer to Notes to Consolidated Financial Statements.\n1\n1\n1 \n61\n\nCOCA-COLA COMPANY SUBSIDIARIES\n CONSOLIDATED STATEMENTS INCOME\n millions share data\n Ended December 31,\n 2022\n 2021\n 2020\n Net Operating Revenues\n 43,004 $\n 38,655 $\n 33,014\n Cost goods sold\n 18,000\n 15,357\n 13,433\n Gross Profit\n 25,004\n 23,298\n 19,581\n Selling general administrative expenses\n 12,880\n 12,144\n 9,731\n Other operating charges\n 1,215\n 846\n 853\n Operating Income\n 10,909\n 10,308\n 8,997\n Interest income\n 276\n Interest expense\n 882\n 1,597\n 1,437\n Equity income (loss\n 1,472\n 1,438\n 978\n Other income (loss\n (262)\n 2,000\n 841\n Income Before Income Taxes\n 11,686\n 12,425\n 9,749\n Income taxes\n 2,115\n 2,621\n 1,981\n Consolidated Net Income\n 9,571\n 7,768\n Net income (loss noncontrolling interests\n 29\n Net Income Shareowners Coca Company\n 9,542 $\n 9,771 $\n 7,747\n Basic Net Income Per Share\n 2. 20\n. 26\n.\n Diluted Net Income Per Share\n. 19 $\n. 25\n.\n Average Shares Outstanding Basic\n 4,328\n 4,315\n 4,295\n Effect dilutive securities\n 22\n 25 28 Average Shares Outstanding Diluted\n 4,350\n 4,340\n 4,323\n Calculated net income attributable shareowners Coca-Cola Company.\n Notes Consolidated Financial Statements.\n 61"}
{"_id": "dd2abde92", "title": "", "text": "59\n ADOBE SYSTEMS INCORPORATED\n CONSOLIDATED BALANCE SHEETS\n(In thousands, except par value)\n \nNovember 27,\n2015\nNovember 28,\n2014\nASSETS\nCurrent assets:\n \n \nCash and cash equivalents.................................................................................................................... $\n876,560\n$\n1,117,400\nShort-term investments ........................................................................................................................\n3,111,524\n2,622,091\nTrade receivables, net of allowances for doubtful accounts of $7,293 and $7,867, respectively........\n672,006\n591,800\nDeferred income taxes..........................................................................................................................\n\n95,279\nPrepaid expenses and other current assets ...........................................................................................\n161,802\n175,758\nTotal current assets..........................................................................................................................\n4,821,892\n4,602,328\nProperty and equipment, net...................................................................................................................\n787,421\n785,123\nGoodwill .................................................................................................................................................\n5,366,881\n4,721,962\nPurchased and other intangibles, net.......................................................................................................\n510,007\n469,662\nInvestment in lease receivable................................................................................................................\n80,439\n80,439\nOther assets.............................................................................................................................................\n159,832\n126,315\nTotal assets...................................................................................................................................... $\n11,726,472\n$\n10,785,829\nLIABILITIES AND STOCKHOLDERS EQUITY\nCurrent liabilities:\n \n \nTrade payables...................................................................................................................................... $\n93,307\n$\n68,377\nAccrued expenses.................................................................................................................................\n678,364\n683,866\nDebt and capital lease obligations........................................................................................................\n\n603,229\nAccrued restructuring...........................................................................................................................\n1,520\n17,120\nIncome taxes payable...........................................................................................................................\n6,165\n23,920\nDeferred revenue..................................................................................................................................\n1,434,200\n1,097,923\nTotal current liabilities....................................................................................................................\n2,213,556\n2,494,435\nLong-term liabilities:\n \n \nDebt and capital lease obligations........................................................................................................\n1,907,231\n911,086\nDeferred revenue..................................................................................................................................\n51,094\n57,401\nAccrued restructuring...........................................................................................................................\n3,214\n5,194\nIncome taxes payable...........................................................................................................................\n256,129\n125,746\nDeferred income taxes..........................................................................................................................\n208,209\n342,315\nOther liabilities.....................................................................................................................................\n85,459\n73,747\nTotal liabilities................................................................................................................................\n4,724,892\n4,009,924\nCommitments and contingencies\nStockholders equity:\n \n \nPreferred stock, $0.0001 par value; 2,000 shares authorized; none issued..........................................\n\n\nCommon stock, $0.0001 par value; 900,000 shares authorized; 600,834 shares issued; \n 497,809 and 497,484 shares outstanding, respectively......................................................................\n61\n61\nAdditional paid-in-capital ....................................................................................................................\n4,184,883\n3,778,495\nRetained earnings.................................................................................................................................\n7,253,431\n6,924,294\nAccumulated other comprehensive income (loss) ...............................................................................\n(169,080)\n(8,094)\nTreasury stock, at cost (103,025 and 103,350 shares, respectively), net of reissuances......................\n(4,267,715)\n(3,918,851)\nTotal stockholders equity...............................................................................................................\n7,001,580\n6,775,905\nTotal liabilities and stockholders equity........................................................................................ $\n11,726,472\n$\n10,785,829\nSee accompanying Notes to Consolidated Financial Statements.\n\n59\n ADOBE SYSTEMS INCORPORATED CONSOLIDATED BALANCE SHEETS (In thousands, except par value) November 27, 2015 November 28, 2014 ASSETS Current assets: Cash and cash equivalents. $\n 876,560 $ 1,117,400 Short-term investments.\n 3,111,524 2,622,091 Trade receivables, net of allowances for doubtful accounts of $7,293 and $7,867, respectively.\n 672,006 591,800 Deferred income taxes.\n 95,279Prepaid expenses and other current assets.\n 161,802 175,758 Total current assets.\n 4,821,892 4,602,328 Property and equipment, net.\n 787,421 785,123 Goodwill..\n 5,366,881 4,721,962 Purchased and other intangibles, net.\n 510,007 469,662 Investment in lease receivable.\n 80,439 80,439 Other assets.\n 159,832 126,315 Total assets.. $\n 11,726,472 $ 10,785,829 LIABILITIES AND STOCKHOLDERS EQUITY Current liabilities: Trade payables. $\n 93,307 $ 68,377 Accrued expenses.\n 678,364 683,866 Debt and capital lease obligations.\n 603,229Accrued restructuring.\n 1,520 17,120 Income taxes payable.\n 6,165 23,920 Deferred revenue.\n 1,434,200 1,097,923 Total current liabilities..\n 2,213,556 2,494,435 Long-term liabilities: Debt and capital lease obligations.\n 1,907,231 911,086 Deferred revenue.\n 51,094 57,401 Accrued restructuring.\n 3,214 5,194 Income taxes payable..\n 256,129 125,746 Deferred income taxes.\n 208,209 342,315 Other liabilities.\n 85,459 73,747 Total liabilities.\n 4,724,892 4,009,924Commitments and contingencies\n Stockholders equity: Preferred stock, $0. 0001 par value; 2,000 shares authorized; none issued\n Common stock, $0. 0001 par value; 900,000 shares authorized; 600,834 shares issued;\n 497,809 and 497,484 shares outstanding, respectively.\n 61 61 Additional paid-in-capital.\n 4,184,883 3,778,495 Retained earnings.\n 7,253,431 6,924,294 Accumulated other comprehensive income (loss)..\n (169,080) (8,094) Treasury stock, at cost (103,025 and 103,350 shares, respectively), net of reissuances.\n (4,267,715) (3,918,851) Total stockholders equity.\n 7,001,580 6,775,905 Total liabilities and stockholders equity. $\n 11,726,472 $ 10,785,829 See accompanying Notes to Consolidated Financial Statements."}
{"_id": "dd2aeb658", "title": "", "text": "Table of Contents\nNETFLIX, INC.\nCONSOLIDATED BALANCE SHEETS\n(in thousands, except share and per share data)\n \n \n \nAs of December 31,\n \n \n2017\n \n2016\nAssets\n \n \nCurrent assets:\n \n \nCash and cash equivalents\n $\n2,822,795 $\n1,467,576\nShort-term investments\n \n \n266,206\nCurrent content assets, net\n \n4,310,934 \n3,726,307\nOther current assets\n \n536,245 \n260,202\nTotal current assets\n \n7,669,974 \n5,720,291\nNon-current content assets, net\n \n10,371,055 \n7,274,501\nProperty and equipment, net\n \n319,404 \n250,395\nOther non-current assets\n \n652,309 \n341,423\nTotal assets\n $\n19,012,742 $\n13,586,610\nLiabilities and Stockholders Equity\n \n \nCurrent liabilities:\n \n \nCurrent content liabilities\n $\n4,173,041 $\n3,632,711\nAccounts payable\n \n359,555 \n312,842\nAccrued expenses\n \n315,094 \n197,632\nDeferred revenue\n \n618,622 \n443,472\nTotal current liabilities\n \n5,466,312 \n4,586,657\nNon-current content liabilities\n \n3,329,796 \n2,894,654\nLong-term debt\n \n6,499,432 \n3,364,311\nOther non-current liabilities\n \n135,246 \n61,188\nTotal liabilities\n \n15,430,786 \n10,906,810\nCommitments and contingencies (Note 5)\n \n \nStockholders equity:\n \n \nPreferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2017 and 2016; no shares\nissued and outstanding at December 31, 2017 and 2016\n \n \n\nCommon stock, $0.001 par value; 4,990,000,000 shares authorized at December 31, 2017 and December 31,\n2016, respectively; 433,392,686 and 430,054,212 issued and outstanding at December 31, 2017 and\nDecember 31, 2016, respectively\n \n1,871,396 \n1,599,762\nAccumulated other comprehensive loss\n \n(20,557) \n(48,565)\nRetained earnings\n \n1,731,117 \n1,128,603\nTotal stockholders equity\n \n3,581,956 \n2,679,800\nTotal liabilities and stockholders equity\n $\n19,012,742 $\n13,586,610\nSee accompanying notes to consolidated financial statements.\n43\n\nTable Contents\n.\n CONSOLIDATED BALANCE SHEETS\n thousands except share data\n December 31,\n 2017 2016 Assets Current assets\n Cash cash equivalents\n 2,822,795 $\n 1,467,576\n Short-term investments\n 266,206\n Current content assets\n 4,310,934\n 3,726,307\n Other current assets\n 536,245\n 260,202\n Total current assets\n 7,669,974\n 5,720,291\n Non-current content assets\n 10,371,055\n 7,274,501\n Property equipment\n 319,404\n 250,395\n non-current assets\n 652,309\n 341,423\n Total assets\n 19,012,742 $\n 13,586,610\n Liabilities Stockholders Equity\n Current liabilities\n liabilities 4,173,041 $\n 3,632,711\n Accounts payable\n 359,555\n 312,842\n Accrued expenses\n 315,094\n 197,632\n Deferred revenue\n 618,622\n,472\n Total current liabilities\n 5,466,312\n 4,586,657\n Non-current content liabilities\n 3,329,796\n 2,894,654\n Long-term debt\n 6,499,432\n 3,364,311\n Other non liabilities\n 135,246\n 61,188\n Total liabilities\n 15,430,786\n 10,906,810\n Commitments contingencies\n Stockholders equity\n Preferred stock $0. 001 par value 10,000,000 shares authorized December 31, 2017 2016 no shares\n issued outstanding December 31, 2017 2016\n Common stock $0. 001 par value 4,990,000,000 shares authorized December 31, 2017\n2016,,392,686 430,054,212 issued outstanding December 31, 2017\n December 31, 2016,\n 1,871,396\n 1,599,762\n Accumulated comprehensive loss\n (20,557)\n (48,565)\n Retained earnings\n 1,731,117\n 1,128,603\n Total stockholders equity\n 3,581,956\n 2,679,800\n liabilities stockholders equity\n 19,012,742 $\n 13,586,610\n notes consolidated financial statements.\n 43"}
{"_id": "dd2ac8f0e", "title": "", "text": "SQUARE,INC.\nCONSOLIDATEDBALANCESHEETS\n(In thousands, except share and per share data)\n\nDecember31,\n\n2016\n\n2015\nAssets\n\n \nCurrentassets:\n\n \nCashandcashequivalents\n$\n452,030 $\n461,329\nShort-terminvestments\n59,901 \n\nRestrictedcash\n22,131 \n13,537\nSettlementsreceivable\n321,102 \n142,727\nCustomerfundsheld\n43,574 \n9,446\nLoansheldforsale\n42,144 \n604\nMerchantcashadvancereceivable,net\n4,212 \n36,473\nOthercurrentassets\n56,331 \n41,447\nTotalcurrentassets\n1,001,425 \n705,563\nPropertyandequipment,net\n88,328 \n87,222\nGoodwill\n57,173 \n56,699\nAcquiredintangibleassets,net\n19,292 \n26,776\nLong-terminvestments\n27,366 \n\nRestrictedcash\n14,584 \n14,686\nOtherassets\n3,194 \n3,826\nTotalassets\n$\n1,211,362 $\n894,772\nLiabilitiesandStockholdersEquity\n\n \nCurrentliabilities:\n\n \nAccountspayable\n$\n12,602 $\n18,869\nCustomerspayable\n388,058 \n215,365\nCustomerfundsobligation\n43,574 \n9,446\nAccruedtransactionlosses\n20,064 \n17,176\nAccruedexpenses\n39,543 \n44,401\nOthercurrentliabilities\n73,623 \n28,945\nTotalcurrentliabilities\n577,464 \n334,202\nDebt(Note11)\n \n\nOtherliabilities\n57,745 \n52,522\nTotalliabilities\n635,209 \n386,724\nCommitmentsandcontingencies(Note16)\n\nStockholdersequity:\n \nPreferredstock,$0.0000001parvalue:100,000,000sharesauthorizedatDecember31,2016andDecember31,2015.None\nissuedandoutstandingatDecember31,2016andDecember31,2015.\n \n\nClassAcommonstock,$0.0000001parvalue:1,000,000,000sharesauthorizedatDecember31,2016andDecember31,2015;\n198,746,620and31,717,133issuedandoutstandingatDecember31,2016andDecember31,2015,respectively.\n \n\nClassBcommonstock,$0.0000001parvalue:500,000,000sharesauthorizedatDecember31,2016andDecember31,2015;\n165,800,756and303,232,312issuedandoutstandingatDecember31,2016andDecember31,2015,respectively.\n \n\nAdditionalpaid-incapital\n1,357,381 \n1,116,882\nAccumulatedothercomprehensiveloss\n(1,989) \n(1,185)\nAccumulateddeficit\n(779,239) \n(607,649)\nTotalstockholdersequity\n576,153 \n508,048\nTotalliabilitiesandstockholdersequity\n$\n1,211,362 $\n894,772\nSeeaccompanyingnotestoconsolidatedfinancialstatements.\n68\n\nSQUARE.\n CONSOLIDATEDBALANCESHEETS\n thousands share data December31\n 2016 2015 Assets Currentassets\n Cashandcashequivalents 452,030\n 461,329\n Short-terminvestments\n 59,901\n Restrictedcash\n 22,131\n 13,537\n Settlementsreceivable\n 321,102\n 142,727\n Customerfundsheld\n 43,574\n 9,446\n Loansheldforsale\n 42,144\n Merchantcashadvancereceivable\n 4,212\n 36,473\n Othercurrentassets\n 56,331\n 41,447\n Totalcurrentassets\n 705,563\n Propertyandequipment 88,328\n 87,222\n Goodwill\n 57,173\n 56,699\n Acquiredintangibleassets\n 19,292\n 26,776\n Long-terminvestments\n 27,366\n Restrictedcash\n 14,584\n 14,686\n Otherassets\n 3,194\n 3,826\n Totalassets\n 1,211,362\n 894,772\n LiabilitiesandStockholdersEquity Currentliabilities\n Accountspayable\n 12,602\n 18,869\n Customerspayable\n 388,058\n 215,365\n Customerfundsobligation\n 43,574\n 9,446\n Accruedtransactionlosses\n 20,064\n 17,176 Accruedexpenses 39,543\n 44,401\n Othercurrentliabilities\n 73,623\n 28,945\n Totalcurrentliabilities\n,464\n,202\n Debt\n Otherliabilities\n 57,745\n 52,522\n Totalliabilities,209\n 386,724\n Commitmentsandcontingencies\n Stockholdersequity\n Preferredstock.,2015\nissuedandoutstandingatDecember31,2015.\n ClassAcommonstock,$0. 0000001parvalue:1,000,000,000sharesauthorizedatDecember31\n 198,746,620and31,717,133issuedandoutstandingatDecember31.\n ClassBcommonstock,$0.:500,000,000sharesauthorizedatDecember31\n 165,800,756and303,232,312issuedandoutstandingatDecember31.\n Additionalpaid-incapital\n 1,357,381\n 1,116,882\n Accumulatedothercomprehensiveloss\n (1,989)\n (1,185)\n Accumulateddeficit\n (779,239)\n (607,649)\n Totalstockholdersequity\n 576,153\n 508,048\n Totalliabilitiesandstockholdersequity\n 1,211,362 $\n 894,772\n Seeaccompanyingnotestoconsolidatedfinancialstatements.\n 68"}
{"_id": "dd2ae86ba", "title": "", "text": "Table of Contents\n \nPART II\nItem 8\n \nITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA\nINCOME STATEMENTS\n \n(In millions, except per share amounts)\n \n \n \n \n \n \n \nYear Ended June 30,\n \n2016 \n2015 \n2014 \nRevenue:\n \n \n \n \n \n \n \nProduct\n \n$ 61,502 \n$ 75,956 \n$ 72,948 \nService and other\n \n \n23,818 \n \n17,624 \n \n13,885 \n \n \nTotal revenue\n \n \n85,320 \n \n93,580 \n \n86,833 \n \n \nCost of revenue:\n \n \n \n \n \n \n \nProduct\n \n \n17,880 \n \n21,410 \n \n16,681 \nService and other\n \n \n14,900 \n \n11,628 \n \n10,397 \n \n \nTotal cost of revenue\n \n \n32,780 \n \n33,038 \n \n27,078 \n \n \nGross margin\n \n \n52,540 \n \n60,542 \n \n59,755 \nResearch and development\n \n \n11,988 \n \n12,046 \n \n11,381 \nSales and marketing\n \n \n14,697 \n \n15,713 \n \n15,811 \nGeneral and administrative\n \n \n4,563 \n \n4,611 \n \n4,677 \nImpairment, integration, and restructuring\n \n \n1,110 \n \n10,011 \n \n127 \n \n \nOperating income\n \n \n20,182 \n \n18,161 \n \n27,759 \nOther income (expense), net\n \n \n(431) \n \n346 \n \n61 \n \n \nIncome before income taxes\n \n \n19,751 \n \n18,507 \n \n27,820 \nProvision for income taxes\n \n \n2,953 \n \n6,314 \n \n5,746 \n \n \nNet income\n \n$ 16,798 \n$ 12,193 \n$ 22,074 \n \n \n \n \nEarnings per share:\n \n \n \n \n \n \n \nBasic\n \n$\n2.12 \n$\n1.49 \n$\n2.66 \nDiluted\n \n$\n2.10 \n$\n1.48 \n$\n2.63 \nWeighted average shares outstanding:\n \n \n \n \n \n \n \nBasic\n \n \n7,925 \n \n8,177 \n \n8,299 \nDiluted\n \n \n8,013 \n \n8,254 \n \n8,399 \nCash dividends declared per common share\n \n$\n1.44 \n$\n1.24 \n$\n1.12 \nSee accompanying notes.\n \n52\n\nTable Contents\n PART II\n Item 8\n 8. FINANCIAL STATEMENTS SUPPLEMENTARY DATA\n INCOME STATEMENTS\n (In millions except per share amounts)\n Year Ended June 30,\n 2016\n 2015\n 2014\n Revenue:\n Product\n $ 61,502\n $ 75,956\n $ 72,948\n Service other\n 23,818\n 17,624\n 13,885\n Total revenue\n 85,320\n 93,580\n 86,833\n Cost of revenue:\n Product 17,880\n 21,410\n 16,681\n Service other\n 14,900\n 11,628\n 10,397\n Total cost revenue\n 32,780\n 33,038\n 27,078\n Gross margin\n 52,540\n 60,542\n 59,755\n Research development\n 11,988\n 12,046\n 11,381\n Sales marketing\n 14,697\n 15,713\n 15,811\n General administrative\n 4,563\n 4,611 4,677\n Impairment integration restructuring\n 1,110\n 10,011\n 127 Operating income\n 20,182\n 18,161\n 27,759\n Other income (expense), net\n (431) 346 61 Income before income taxes\n 19,751\n 18,507\n 27,820\n Provision for income taxes\n 2,953\n 6,314\n 5,746 Net income\n $ 16,798\n $ 12,193\n $ 22,074\n Earnings per share:\n Basic $ 2. 12\n $ 1. 49\n $ 2. 66\n Diluted $ 2. 10\n $ 1. 48\n $ 2. 63\n Weighted average shares outstanding:\nBasic\n 8,177\n 8,299\n Diluted 8,013 8,254\n 8,399\n Cash dividends declared common share\n $ 1. 44\n $ 1. 24\n $ 1. 12\n accompanying notes.\n 52"}
{"_id": "dd2b17c3a", "title": "", "text": "Walmart Inc.\nConsolidated Statements of Cash Flows\n \n \nFiscal Years Ended January 31,\n(Amounts in millions)\n \n2020\n \n2019\n \n2018\nCash flows from operating activities:\n \n \n \nConsolidated net income\n $\n15,201\n $\n7,179 $\n10,523\nAdjustments to reconcile consolidated net income to net cash provided by operating activities:\n \n \n \nDepreciation and amortization\n \n10,987\n \n10,678 \n10,529\nUnrealized (gains) and losses\n \n(1,886) \n3,516 \n\n(Gains) and losses for disposal of business operations\n \n15\n \n4,850 \n\nAsda pension contribution\n \n(1,036) \n \n\nDeferred income taxes\n \n320\n \n(499) \n(304)\nLoss on extinguishment of debt\n \n\n \n \n3,136\nOther operating activities\n \n1,981\n \n1,734 \n1,210\nChanges in certain assets and liabilities, net of effects of acquisitions:\n \n \n \nReceivables, net\n \n154\n \n(368) \n(1,074)\nInventories\n \n(300) \n(1,311) \n(140)\nAccounts payable\n \n(274) \n1,831 \n4,086\nAccrued liabilities\n \n186\n \n183 \n928\nAccrued income taxes\n \n(93) \n(40) \n(557)\nNet cash provided by operating activities\n \n25,255\n \n27,753 \n28,337\n \n \n \n \nCash flows from investing activities:\n \n \n \nPayments for property and equipment\n \n(10,705) \n(10,344) \n(10,051)\nProceeds from the disposal of property and equipment\n \n321\n \n519 \n378\nProceeds from the disposal of certain operations\n \n833\n \n876 \n1,046\nPayments for business acquisitions, net of cash acquired\n \n(56) \n(14,656) \n(375)\nOther investing activities\n \n479\n \n(431) \n(77)\nNet cash used in investing activities\n \n(9,128) \n(24,036) \n(9,079)\n \n \n \n \nCash flows from financing activities:\n \n \n \nNet change in short-term borrowings\n \n(4,656) \n(53) \n4,148\nProceeds from issuance of long-term debt\n \n5,492\n \n15,872 \n7,476\nRepayments of long-term debt\n \n(1,907) \n(3,784) \n(13,061)\nPremiums paid to extinguish debt\n \n\n \n \n(3,059)\nDividends paid\n \n(6,048) \n(6,102) \n(6,124)\nPurchase of Company stock\n \n(5,717) \n(7,410) \n(8,296)\nDividends paid to noncontrolling interest\n \n(555) \n(431) \n(690)\nPurchase of noncontrolling interest\n \n\n \n \n(8)\nOther financing activities\n \n(908) \n(629) \n(261)\nNet cash used in financing activities\n \n(14,299) \n(2,537) \n(19,875)\n \n \n \n \nEffect of exchange rates on cash, cash equivalents and restricted cash\n \n(69) \n(438) \n487\n \n \n \n \nNet increase (decrease) in cash, cash equivalents and restricted cash\n \n1,759\n \n742 \n(130)\nCash, cash equivalents and restricted cash at beginning of year\n \n7,756\n \n7,014 \n7,144\nCash, cash equivalents and restricted cash at end of year\n $\n9,515\n $\n7,756 $\n7,014\n \n \n \n \nSupplemental disclosure of cash flow information:\n \n \n \nIncome taxes paid\n $\n3,616\n $\n3,982 $\n6,179\nInterest paid\n \n2,464\n \n2,348 \n2,450\nSee accompanying notes.\n\nWalmart Inc.\n Consolidated Statements Cash Flows\n Fiscal Years Ended January 31,\n (Amounts in millions)\n 2020\n 2019\n 2018\n Cash flows from operating activities\n Consolidated net income\n $ 15,201\n 7,179 $\n 10,523\n Adjustments reconcile consolidated net income operating activities\n Depreciation amortization\n 10,987\n 10,678\n 10,529\n Unrealized (gains) losses\n (1,886)\n 3,516\n (Gains) losses disposal business operations\n 15\n 4,850\n Asda pension contribution\n (1,036)\n Deferred income taxes\n 320\n (499)\n (304)\n Loss on extinguishment debt\n 3,136\n Other operating activities\n 1,981\n 1,734\n 1,210\n Changes in assets liabilities effects:\n Receivables\n 154\n (368)\n (1,074)\n Inventories\n (300)\n (1,311)\n (140) Accounts payable\n (274)\n 1,831\n 4,086\n Accrued liabilities\n 186\n 183 928\n Accrued income taxes\n (93)\n (40) (557) Net cash operating activities\n 25,255\n 27,753\n 28,337\n Cash flows from investing activities\n Payments for property equipment\n (10,705)\n (10,344)\n (10,051)\n Proceeds from disposal property equipment\n 321 519 378 Proceeds disposal operations\n 833 876 1,046\n Payments for business acquisitions net cash acquired\n (56) (14,656)\n (375)\n Other investing activities\n (431)\n (77) Net cash used investing activities\n (9,128)\n (24,036)\n (9,079)\n Cash flows from financing activities\n\n Net change short-term borrowings\n (4,656)\n (53)\n 4,148\n Proceeds issuance long-term debt\n 5,492\n 15,872\n 7,476\n Repayments long-term debt\n (1,907)\n (3,784)\n (13,061)\n Premiums paid extinguish debt\n (3,059)\n Dividends paid\n (6,048)\n (6,102)\n (6,124)\n Purchase Company stock\n (5,717)\n (7,410)\n (8,296)\n Dividends paid noncontrolling interest\n (555)\n (431)\n (690)\n Purchase noncontrolling interest\n (8) financing activities\n (908)\n (629)\n (261)\n Net cash used financing activities\n (14,299)\n (2,537)\n (19,875)\n Effect exchange rates cash cash equivalents restricted cash\n (69)\n (438)\n Net increase (decrease) cash cash equivalents restricted cash\n 1,759\n 742\n (130)\n Cash cash equivalents restricted cash beginning of year\n 7,756\n 7,014\n 7,144\n Cash cash restricted cash end of year\n 7,756 $\n 7,014\n Supplemental disclosure cash flow information\n Income taxes paid\n $ 3,616\n $ 6,179\n Interest paid\n 2,464\n 2,348\n 2,450\n accompanying notes."}
{"_id": "dd2ae654a", "title": "", "text": "dited) \n \nThree months ended \n \nTwelve months ended \n \nDecember 31, \n2022 \n \nDecember 31, \n2021 \n \nDecember 31, \n2022 \n \nDecember 31, \n2021 \nNet income attributable to MGM Resorts International \n$ \n284,002 $ \n131,013 $ \n1,473,093 $ \n1,254,370 \nPlus: Net loss attributable to noncontrolling interests \n \n(604,016) \n(14,926) \n(1,266,362) \n(45,981) \nNet income (loss) \n \n(320,014) \n116,087 \n206,731 \n1,208,389 \nProvision for income taxes \n \n285,937 \n31,152 \n697,068 \n253,415 \nIncome (loss) before income taxes \n \n(34,077) \n147,239 \n903,799 \n1,461,804 \nNon-operating (income) expense \n \n \n \n \nInterest expense, net of amounts capitalized \n \n137,132 \n201,477 \n594,954 \n799,593 \nOther, net \n \n(104,951) \n20,131 \n(59,381) \n17,302 \n \n \n32,181 \n221,608 \n535,573 \n816,895 \nOperating income (loss) \n \n(1,896) \n368,847 \n1,439,372 \n2,278,699 \nPreopening and start-up expenses \n \n504 \n3,452 \n1,876 \n5,094 \nProperty transactions, net \n \n(1,060,701) \n(68,578) \n(1,036,997) \n(67,736) \nDepreciation and amortization \n \n1,421,637 \n297,031 \n3,482,050 \n1,150,610 \nGain on REIT transactions, net \n \n \n \n(2,277,747) \n \nGain on consolidation of CityCenter, net \n \n \n \n \n(1,562,329) \nTriple-net operating lease and ground lease rent expense \n \n600,467 \n262,307 \n1,950,566 \n833,158 \nGain related to sale of Harmon land - unconsolidated affiliate \n \n \n \n \n(49,755) \nIncome from unconsolidated affiliates related to real estate \nventures \n \n(2,704) \n(41,651) \n(61,866) \n(166,658) \nAdjusted EBITDAR \n$ \n957,307 \n $ \n3,497,254\n\n\n Three months ended\n Twelve months ended\n December 31,\n 2022\n December 31, 2021\n 31, 2022 31, 2021 Net income MGM Resorts International\n 284,002 $\n 131,013 $\n 1,473,093 $\n 1,254,370\n Net loss noncontrolling interests\n (604,016)\n (14,926)\n (1,266,362)\n (45,981)\n Net income (loss\n (320,014)\n 116,087\n 206,731\n 1,208,389\n Provision income taxes\n 285,937\n 31,152\n,068\n 253,415\n Income (loss) before income taxes\n (34,077)\n 147,239\n 903,799\n 1,461,804\n Non-operating (income) expense\n Interest expense capitalized\n 137,132\n 201,477\n 594,954\n 799,593\n (104,951)\n 20,131\n (59,381)\n 17,302\n 32,181\n 221,608\n 535,573\n 816,895\n Operating income (loss)\n (1,896),847\n 1,439,372\n 2,278,699\n Preopening start-up expenses\n 3,452\n 1,876\n 5,094\n Property transactions\n (1,060,701)\n (68,578)\n (1,036,997)\n (67,736)\n Depreciation amortization\n 1,421,637\n,031\n,050\n 1,150,610\n Gain REIT transactions\n (2,277,747)\n consolidation CityCenter\n (1,562,329)\n Triple-net operating lease ground lease rent expense\n 600,467\n 262,307\n 1,950,566\n 833,158\n sale Harmon land unconsolidated affiliate\n (49,755)\nunconsolidated affiliates real estate\n ventures (2,704)\n (41,651)\n (61,866)\n (166,658)\n Adjusted EBITDAR\n 957,307\n 3,497,254"}
{"_id": "dd2afc3f4", "title": "", "text": "Note 2. Acquisitions, Divestitures, Equity-Method Investments, Licensing Arrangements and Collaborative Arrangements\nA. Acquisitions\nTrillium\nOn November 17, 2021, we acquired all of the issued and outstanding common stock not already owned by Pfizer of Trillium, a clinical stage immuno-oncology company developing\ntherapies targeting cancer immune evasion pathways and specific cell targeting approaches, for a price of $18.50 per share in cash, for total consideration of $2.0 billion, net of cash\nacquired. As a result, Trillium became our wholly owned subsidiary. We previously held a 2% ownership investment in Trillium. Trilliums lead program, TTI-622, is an investigational\nfusion protein that is designed to block the inhibitory activity of CD47, a molecule that is overexpressed by a wide variety of tumors.\nWe accounted for the transaction as an asset acquisition since the lead asset, TTI-622, represented substantially all of the fair value of the gross assets acquired, which exclude cash\nacquired. At the acquisition date, we recorded a $2.1 billion charge representing an acquired IPR&D asset with no alternative future use in Research and development expenses, of\nwhich the $2.0 billion net cash consideration is presented as a cash outflow from operating activities. In connection with this acquisition, we recorded $256 million of assets acquired\nprimarily consisting of cash and investments. Liabilities assumed were approximately $81 million.\nArray\nOn July 30, 2019, we acquired Array, a commercial stage biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule\nmedicines to treat cancer and other diseases of high unmet need, for $48 per share in cash. The total fair value of the consideration transferred was $11.2 billion ($10.9 billion, net of\ncash acquired). In addition, $157 million in payments to Array employees for the fair value of previously unvested stock options was recognized as post-closing compensation expense\nand recorded in Restructuring charges and certain acquisition-related costs (see Note 3). We financed the majority of the transaction with debt and the balance with existing cash.\n\nNote 2. Acquisitions, Divestitures Equity-Method Investments Licensing Arrangements Collaborative Arrangements\n A. Acquisitions\n Trillium\n November 17, 2021 we acquired all issued outstanding common stock not owned by Pfizer of Trillium, clinical stage immuno-oncology company developing\n therapies targeting cancer immune evasion pathways specific cell targeting approaches for price $18. 50 per share in cash for total consideration $2. 0 billion, net of cash\n acquired. Trillium became our wholly owned subsidiary. previously held 2% ownership investment in Trillium. Trilliums lead program, TTI-622, is investigational\n fusion protein designed to block inhibitory activity of CD47, molecule overexpressed by tumors.\n accounted for transaction as asset acquisition lead asset, TTI-622, represented all fair value of gross assets acquired exclude cash\n acquired. acquisition date recorded $2. 1 billion charge representing acquired IPR&D asset no alternative future use in Research and development expenses\n $2. 0 billion net cash consideration as cash outflow from operating activities. acquisition recorded $256 million of assets acquired\n primarily cash and investments. Liabilities assumed approximately $81 million.\n Array\n July 30, 2019 acquired Array, commercial stage biopharmaceutical company focused on discovery, development commercialization of targeted small molecule\n medicines to treat cancer other diseases of high unmet need, for $48 per share in cash. total fair value of consideration transferred was $11. 2 billion ($10. 9 billion, net of\n cash acquired). $157 million in payments to Array employees for fair value of previously unvested stock options recognized as post-closing compensation expense\n recorded in Restructuring charges certain acquisition-related costs (see Note 3).We financed majority of transaction with debt balance with existing cash."}
{"_id": "dd2ad692e", "title": "", "text": "On August 19, 2022, Foot Locker, Inc. (the Company), issued a press release announcing that, as part of a planned succession process, Richard\nA. Johnson will step down as President and Chief Executive Officer of the Company, effective September 1, 2022. Mary N. Dillon, 61, former Executive\nChair and Chief Executive Officer of Ulta Beauty, Inc., has been appointed President and Chief Executive Officer and a member of the Companys Board\nof Directors (the Board) and the Executive Committee of the Board, each effective September 1, 2022. A copy of the press release is furnished as Exhibit\n99.1, which is incorporated herein by reference.\n\nAugust 19, 2022, Foot Locker, Inc. (the Company), issued press release announcing planned succession process, Richard\n A. Johnson will step down as President and Chief Executive Officer Company effective September 1, 2022. Mary N. Dillon, 61, former Executive\n Chair and Chief Executive Officer of Ulta Beauty, Inc. , appointed President and Chief Executive Officer member of Companys Board\n of Directors (the Board) Executive Committee Board each effective September 1, 2022. copy press release furnished as Exhibit\n 99. 1, incorporated herein by reference."}
{"_id": "dd2af679c", "title": "", "text": "Item 8.01.\nOther Events.\n\nEffective May 26, 2023, PepsiCo, Inc. (PepsiCo) terminated the $3,800,000,000 364 day unsecured revolving credit agreement, dated as of\nMay 27, 2022, among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent (the 2022 364 Day Credit\nAgreement). There were no outstanding borrowings under the 2022 364 Day Credit Agreement at the time of its termination.\n\nOn May 26, 2023, PepsiCo entered into a new $4,200,000,000 364 day unsecured revolving credit agreement (the 2023 364 Day Credit\nAgreement) among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent. The 2023 364 Day Credit Agreement\nenables PepsiCo and its borrowing subsidiaries to borrow up to $4,200,000,000 in U.S. Dollars and/or Euros, subject to customary terms and conditions,\nand expires on May 24, 2024. PepsiCo may also, upon the agreement of either the then existing lenders or of additional banks not currently party to the\n2023 364 Day Credit Agreement, increase the commitments under the 2023 364 Day Credit Agreement to up to $4,950,000,000 in U.S. Dollars and/or\nEuros. PepsiCo may request renewal of the 2023 364 Day Credit Agreement for an additional 364 day period or convert any amounts outstanding into a\nterm loan for a period of up to one year, which term loan would mature no later than the anniversary of the then effective termination date. Subject to\ncertain conditions stated in the 2023 364 Day Credit Agreement, PepsiCo and its borrowing subsidiaries may borrow, prepay and reborrow amounts under\nthe 2023 364 Day Credit Agreement at any time during the term of the 2023 364 Day Credit Agreement. Funds borrowed under the 2023 364 Day Credit\nAgreement may be used for general corporate purposes of PepsiCo and its subsidiaries. The 2023 364 Day Credit Agreement contains customary\nrepresentations and warranties and events of default. In the ordinary course of their respective businesses, the lenders under the 2023 364 Day Credit\nAgreement and their affiliates have engaged, and may in the future engage, in commercial banking and/or investment banking transactions with PepsiCo\nand its affiliates.\n\nEffective May 26, 2023, PepsiCo terminated the $3,800,000,000 five year unsecured revolving credit agreement, dated as of May 27, 2022, among\nPepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent (the 2022 Five Year Credit Agreement). There were no\noutstanding borrowings under the 2022 Five Year Credit Agreement at the time of its termination.\n\nOn May 26, 2023, PepsiCo entered into a new $4,200,000,000 five year unsecured revolving credit agreement (the 2023 Five Year Credit\nAgreement) among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent. The 2023 Five Year Credit Agreement\nenables PepsiCo and its borrowing subsidiaries to borrow up to $4,200,000,000 in U.S. Dollars and/or Euros, including a $750,000,000 swing line\nsubfacility for Euro-denominated borrowings permitted to be borrowed on a same day basis, subject to customary terms and conditions, and expires on\nMay 26, 2028. PepsiCo may also, upon the agreement of either the then existing lenders or of additional banks not currently party to the 2023 Five Year\nCredit Agreement, increase the commitments under the 2023 Five Year Credit Agreement to up to $4,950,000,000 in U.S. Dollars and/or Euros. PepsiCo\nmay, once a year, request renewal of the 2023 Five Year Credit Agreement for an additional one year period. Subject to certain conditions stated in the 2023\nFive Year Credit Agreement, PepsiCo and its borrowing subsidiaries may borrow, prepay and reborrow amounts under the 2023 Five Year Credit\nAgreement at any time during the term of the 2023 Five Year Credit Agreement. Funds borrowed under the 2023 Five Year Credit Agreement may be used\nfor general corporate purposes of PepsiCo and its subsidiaries. The 2023 Five Year Credit Agreement contains customary representations and warranties\nand events of default. In the ordinary course of their respective businesses, the lenders under the 2023 Five Year Credit Agreement and their affiliates have\nengaged, and may in the future engage, in commercial banking and/or investment banking transactions with PepsiCo and its affiliates.\n\nItem 8. 01.\n Other Events.\n Effective May 26, 2023, PepsiCo, Inc. (PepsiCo) terminated $3,800,000,000 364 day unsecured revolving credit agreement, dated\n May 27, 2022, among PepsiCo borrower, lenders party Citibank, N. A., administrative agent (the 2022 364 Day Credit\n Agreement). no outstanding borrowings under 2022 364 Day Credit Agreement at time termination.\n May 26, 2023 PepsiCo entered new $4,200,000,000 364 day unsecured revolving credit agreement (the 2023 364 Day Credit\n Agreement) among PepsiCo borrower lenders Citibank, N. A., administrative agent. 2023 364 Day Credit Agreement\n enables PepsiCo borrowing subsidiaries to borrow up to $4,200,000,000 in U. S. Dollars and/or Euros subject to customary terms and conditions\n expires May 24, 2024. PepsiCo may agreement of existing lenders or additional banks not party\n 2023 Agreement, increase commitments under 2023 364 Day Credit Agreement to up to $4,950,000,000 in U. S. Dollars/or\n Euros. PepsiCo may request renewal 2023 364 Day Credit Agreement for additional 364 day period or convert amounts outstanding into\n term loan for period up to one year term loan mature no later than anniversary of effective termination date. Subject to\n certain conditions in 2023 364 Day Credit Agreement, PepsiCo and borrowing subsidiaries may borrow, prepay reborrow amounts under\n 2023 364 Day Credit Agreement any time during term 2023 364 Day Credit Agreement. Funds borrowed under 2023 364 Day Credit\n Agreement may be used for general corporate purposes of PepsiCo subsidiaries. 2023 364 Day Credit Agreement contains customary\n representations warranties events of default.lenders under 2023 364 Day Credit\n Agreement and affiliates engaged may future engage in commercial banking investment banking transactions with PepsiCo\n and affiliates.\n Effective May 26, 2023, PepsiCo terminated $3,800,000,000 five year unsecured revolving credit agreement, dated as of May 27, 2022, among\n PepsiCo borrower, lenders party and Citibank, N. A., as administrative agent (the 2022 Five Year Credit Agreement). no\n outstanding borrowings under 2022 Five Year Credit Agreement at time of termination.\n On May 26, 2023, PepsiCo entered new $4,200,000,000 five year unsecured revolving credit agreement (the 2023 Five Year Credit\n Agreement) among PepsiCo borrower lenders Citibank, N. A. , administrative agent. 2023 Five Year Credit Agreement\n enables PepsiCo and borrowing subsidiaries to borrow up to $4,200,000,000 in U. S. Dollars/or Euros including $750,000,000 swing line\n subfacility for Euro-denominated borrowings same day basis subject to customary terms conditions expires on\n May 26, 2028. PepsiCo may upon agreement of lenders or additional banks not party 2023 Five Year\n Credit Agreement increase commitments under 2023 Five Year Credit Agreement to up to $4,950,000,000 in U. S. Dollars and/or Euros. PepsiCo\n may once a year request renewal of 2023 Five Year Credit Agreement for additional one year period. Subject to conditions in 2023\n Five Year Credit Agreement PepsiCo and borrowing subsidiaries may borrow, prepay and reborrow amounts under 2023 Five Year Credit\n Agreement any time during term of 2023 Five Year Credit Agreement. Funds borrowed under 2023 Five Year Credit Agreement may be used\n for general corporate purposes of PepsiCo and subsidiaries.2023 Five Year Credit Agreement contains customary representations warranties\n events of default. In ordinary course businesses, lenders under 2023 Five Year Credit Agreement and affiliates have\n engaged, and may future engage, in commercial banking/or investment banking transactions with PepsiCo and its affiliates."}
{"_id": "dd2acf638", "title": "", "text": "We derive a substantial portion of our revenue from the U.S. government\n\nderive substantial portion of our revenue from U. S. government"}
{"_id": "dd2ac1664", "title": "", "text": "($ in millions)\nEmployee Costs\nFixed Asset\nRelated Costs\nOther Costs\nTotal\nRestructuring\nCosts\nLiability balance at June 30, 2022\n$\n97 \n$\n3 \n$\n18 \n$\n118 \nNet charges to earnings\n2 \n \n \n2 \nCash paid\n(16)\n(1)\n(8)\n(25)\nReversal of unused amounts\n(2)\n \n \n(2)\nLiability balance at December 31, 2022\n$\n81 \n$\n2 \n$\n10 \n$\n93\n\n$ millions\n Employee Costs\n Fixed Asset\n Related Costs\n Other Costs\n Restructuring\n Costs Liability balance June 30 2022\n $ 97\n $\n 3\n $ 18\n $\n 118\n Net charges earnings\n 2\n Cash paid\n (16)\n (1) (8) Reversal unused amounts\n (2) Liability balance December 31, 2022\n $\n 81\n $\n 2\n $ 10\n $ 93"}
{"_id": "dd2acd630", "title": "", "text": "SQUARE, INC.\nCONSOLIDATED STATEMENTS OF CASH FLOWS\n(In thousands)\nYear Ended December 31,\n2020\n2019\n2018\nCash flows from operating activities:\nNetincome(loss)\n$\n213,105\n$\n375,446\n$\n(38,453)\nAdjustmentstoreconcilenetlosstonetcashprovidedbyoperatingactivities:\nDepreciationandamortization\n84,212\n75,598\n60,961\nNon-cashinterestandother\n76,129\n33,478\n28,512\nLossonextinguishmentoflong-termdebt\n6,651\n\n5,047\nNon-cashleaseexpense\n70,253\n29,696\n\nShare-basedcompensation\n397,800\n297,863\n216,881\nReplacementstockawardsissuedinconnectionwithacquisition\n\n\n899\nGainonsaleofassetgroup\n\n(373,445)\n\nLoss(gain)onrevaluationofequityinvestment\n(295,297)\n12,326\n(20,342)\nTransactionandloanlosses\n177,670\n126,959\n88,077\nChangeindeferredincometaxes\n(8,016)\n(1,376)\n(646)\nChangesinoperatingassetsandliabilities:\nSettlementsreceivable\n(473,871)\n(248,271)\n245,795\nCustomerfunds\n(1,151,536)\n(204,208)\n(131,004)\nPurchaseofloansheldforsale\n(1,837,137)\n(2,266,738)\n(1,609,611)\nSalesandprincipalpaymentsofloansheldforsale\n1,505,406\n2,168,682\n1,579,834\nCustomerspayable\n1,733,138\n523,795\n15,597\nSettlementspayable\n143,528\n41,697\n(60,651)\nCharge-offstoaccruedtransactionlosses\n(73,613)\n(78,325)\n(58,192)\nOtherassetsandliabilities\n(186,819)\n(47,478)\n(27,624)\nNetcashprovidedbyoperatingactivities\n381,603\n465,699\n295,080\nCash flows from investing activities:\nPurchaseofmarketabledebtsecurities\n(1,322,362)\n(992,583)\n(1,000,346)\nProceedsfrommaturitiesofmarketabledebtsecurities\n607,134\n430,888\n197,454\nProceedsfromsaleofmarketabledebtsecurities\n585,427\n548,619\n171,992\nPurchaseofmarketabledebtsecuritiesfromcustomerfunds\n(642,252)\n(311,499)\n(148,096)\nProceedsfrommaturitiesofmarketabledebtsecuritiesfromcustomerfunds\n382,887\n158,055\n\nProceedsfromsaleofmarketabledebtsecuritiesfromcustomerfunds\n51,430\n17,493\n48,334\nPurchaseofpropertyandequipment\n(138,402)\n(62,498)\n(61,203)\nPurchaseofotherinvestments\n(51,277)\n(15,250)\n\nProceedsfromsaleofequityinvestment\n\n33,016\n\nPurchaseofintangibleassets\n\n\n(1,584)\nProceedsfromsaleofassetgroup\n\n309,324\n\nBusinesscombinations,netofcashacquired\n(79,221)\n(20,372)\n(112,399)\nNetcashprovidedby(usedin)investingactivities:\n(606,636)\n95,193\n(905,848)\nCash flows from financing activities:\nProceedsfromissuanceofconvertibleseniornotes,net\n2,116,544\n\n855,663\nPurchaseofconvertibleseniornotehedges\n(338,145)\n\n(172,586)\nProceedsfromissuanceofwarrants\n232,095\n\n112,125\nPrincipalpaymentonconversionofseniornotes\n\n\n(219,384)\nProceedsfromPPPLiquidityFacilityadvances\n464,094\n\n\nProceedsfromtheexerciseofstockoptionsandpurchasesundertheemployeestockpurchaseplan,net\n161,985\n118,514\n133,850\nPaymentsfortaxwithholdingrelatedtovestingofrestrictedstockunits\n(314,019)\n(212,264)\n(189,124)\nOtherfinancingactivities\n(7,359)\n(5,124)\n(4,789)\nNetcashprovidedby(usedin)financingactivities\n2,315,195\n(98,874)\n515,755\nEffectofforeignexchangerateoncashandcashequivalents\n12,995\n3,841\n(7,221)\nNetincrease(decrease)incash,cashequivalentsandrestrictedcash\n2,103,157\n465,859\n(102,234)\nCash,cashequivalentsandrestrictedcash,beginningoftheyear\n1,098,706\n632,847\n735,081\nCash,cashequivalentsandrestrictedcash,endoftheyear\n$\n3,201,863\n$\n1,098,706\n$\n632,847\nSeeaccompanyingnotestoconsolidatedfinancialstatements.\n89\n\nSQUARE.\n CONSOLIDATED STATEMENTS CASH FLOWS\n Ended December 31,\n 2020\n 2019 Cash flows operating activities\n Netincome(loss\n 213,105\n 375,446\n (38,453\n Depreciationandamortization\n 84,212\n 75,598\n 60,961\n Non\n 76,129\n 33,478\n 28,512\n Lossonextinguishmentoflong 6,651\n 5,047\n Non-cashleaseexpense\n 70,253\n 29,696\n Share-basedcompensation\n,800\n,863\n 216,881\n Gainonsaleofassetgroup (373,445)\n Loss)onrevaluationofequityinvestment\n (295,297)\n 12,326\n (20,342\n Transactionandloanlosses\n 177,670\n 126,959\n 88,077\n Changeindeferredincometaxes (8,016) (1,376)\n Changesinoperatingassetsandliabilities Settlementsreceivable\n (473,871)\n (248,271)\n 245,795\n Customerfunds\n (1,151,536)\n (204,208)\n (131,004) Purchaseofloansheldforsale\n (1,837,137\n (2,266,738)\n (1,609,611)\n 1,505,406\n 2,168,682\n 1,579,834\n Customerspayable\n 1,733,138\n 523,795\n 15,597\n Settlementspayable\n 143,528\n 41,697\n (60,651\n Charge\n (73,613)\n (78,325)\n (58,192)\n Otherassetsandliabilities\n (186,819)\n (47,478)\n (27,624)\nNetcashprovidedbyoperatingactivities\n 381,603\n 465,699\n 295,080\n Cash flows investing activities\n Purchaseofmarketabledebtsecurities (1,322,362)\n (992,583)\n (1,000,346)\n 607,134\n 430,888\n 197,454\n 585,427\n,619\n 171,992\n (642,252)\n (311,499)\n (148,096)\n 382,887\n 158,055\n 51,430\n 17,493\n 48,334\n Purchaseofpropertyandequipment (138,402)\n (62,498)\n (61,203)\n Purchaseofotherinvestments (51,277)\n (15,250)\n Proceedsfromsaleofequityinvestment 33,016\n Purchaseofintangibleassets (1,584) Proceedsfromsaleofassetgroup 309,324\n Businesscombinations,netofcashacquired\n (79,221)\n (20,372)\n (112,399)\n Netcashprovidedby)investingactivities (606,636)\n 95,193\n (905,848)\n Cash flows financing activities\n Proceedsfromissuanceofconvertibleseniornotes 2,116,544\n 855,663\n Purchaseofconvertibleseniornotehedges (338,145)\n (172,586)\n Proceedsfromissuanceofwarrants 232,095\n 112,125\n Principalpaymentonconversionofseniornotes (219,384)\n ProceedsfromPPPLiquidityFacilityadvances,094\n\n 161,985\n 118,514\n 133,850\n (314,019)\n (212,264)\n (189,124)\n Otherfinancingactivities\n (7,359)\n (5,124)\n (4,789)\n Netcashprovidedby)financingactivities 2,315,195\n (98,874)\n 515,755\n Effectofforeignexchangerateoncashandcashequivalents 12,995\n 3,841\n (7,221)\n Netincrease)incash,cashequivalentsandrestrictedcash\n 2,103,157\n,859\n (102,234)\n Cash,cashequivalentsandrestrictedcash 1,098,706\n 632,847\n,081\n Cash,cashequivalentsandrestrictedcash\n 3,201,863\n 1,098,706\n 632,847\n Seeaccompanyingnotestoconsolidatedfinancialstatements.\n 89"}
{"_id": "dd2ad0b46", "title": "", "text": "THE COCA-COLA COMPANY AND SUBSIDIARIES\nCONSOLIDATED STATEMENTS OF INCOME\n(In millions except per share data)\nYear Ended December 31,\n2021\n2020\n2019\nNet Operating Revenues\n$\n38,655 $\n33,014 $\n37,266 \nCost of goods sold\n15,357 \n13,433 \n14,619 \nGross Profit\n23,298 \n19,581 \n22,647 \nSelling, general and administrative expenses\n12,144 \n9,731 \n12,103 \nOther operating charges\n846 \n853 \n458 \nOperating Income\n10,308 \n8,997 \n10,086 \nInterest income\n276 \n370 \n563 \nInterest expense\n1,597 \n1,437 \n946 \nEquity income (loss) net\n1,438 \n978 \n1,049 \nOther income (loss) net\n2,000 \n841 \n34 \nIncome Before Income Taxes\n12,425 \n9,749 \n10,786 \nIncome taxes\n2,621 \n1,981 \n1,801 \nConsolidated Net Income\n9,804 \n7,768 \n8,985 \nLess: Net income (loss) attributable to noncontrolling interests\n33 \n21 \n65 \nNet Income Attributable to Shareowners of The Coca-Cola Company\n$\n9,771 $\n7,747 $\n8,920 \nBasic Net Income Per Share\n$\n2.26 $\n1.80 $\n2.09 \nDiluted Net Income Per Share\n$\n2.25 $\n1.79 $\n2.07 \nAverage Shares Outstanding Basic\n4,315 \n4,295 \n4,276 \nEffect of dilutive securities\n25 \n28 \n38 \nAverage Shares Outstanding Diluted\n4,340 \n4,323 \n4,314 \nCalculated based on net income attributable to shareowners of The Coca-Cola Company.\nRefer to Notes to Consolidated Financial Statements.\n1\n1\n1 \n60\n\nCOCA-COLA COMPANY SUBSIDIARIES\n CONSOLIDATED STATEMENTS INCOME\n millions share data\n Ended December 31,\n 2021\n 2020\n 2019\n Net Operating Revenues\n 38,655 $\n 33,014 $\n 37,266\n Cost goods sold\n 15,357\n 13,433\n 14,619\n Gross Profit\n 23,298\n 19,581\n 22,647\n Selling general administrative expenses\n 12,144\n 9,731\n 12,103\n Other operating charges\n 846\n 853\n 458\n Operating Income\n 10,308\n 8,997\n 10,086\n Interest income\n 276\n 370 563\n Interest expense\n 1,597\n 1,437\n 946\n Equity income (loss\n 1,438\n 978\n 1,049\n Other income (loss\n 2,000\n 841\n Income Before Income Taxes\n 12,425\n 9,749\n 10,786\n Income taxes\n 2,621\n 1,981\n 1,801\n Consolidated Net Income\n 7,768\n 8,985\n Net income (loss noncontrolling interests\n 33\n 21 Net Income Shareowners Coca Company\n 9,771 $\n 7,747 $\n Basic Net Income Per Share\n 2. 26\n. 80\n.\n Diluted Net Income Per Share\n 2. 25 $\n. 79\n.\n Average Shares Outstanding Basic\n 4,315\n 4,295\n 4,276\n Effect dilutive securities\n 25\n 28 38 Average Shares Outstanding Diluted\n 4,340\n 4,323\n 4,314\n Calculated net income attributable shareowners Coca-Cola Company.\n Notes Consolidated Financial Statements.\n 60"}
{"_id": "dd2ad19c4", "title": "", "text": "Index\n\n\n\n\n\n\nConsolidated Statements of Income\nCorning Incorporated and Subsidiary Companies\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nYearendedDecember31,\n(Inmillions,exceptpershareamounts)\n2020\n\n2019\n\n2018\nNetsales\n$\n 11,303 \n$\n11,503 $\n11,290\nCostofsales\n\n 7,772 \n\n7,468 \n6,829\n\n\n\n\n\n\n \nGrossmargin\n\n 3,531 \n\n4,035 \n4,461\n\n\n\n\n\n\n \nOperatingexpenses:\n\n\n\n\n\n \nSelling,generalandadministrativeexpenses\n\n 1,747 \n\n1,585 \n1,799\nResearch,developmentandengineeringexpenses\n\n 1,154 \n\n1,031 \n993\nAmortizationofpurchasedintangibles\n\n 121 \n\n113 \n94\n\n\n\n\n\n\n \nOperatingincome\n\n 509 \n\n1,306 \n1,575\n\n\n\n\n\n\n \nEquityin(losses)earningsofaffiliatedcompanies(Note3)\n\n (25)\n\n17 \n390\nInterestincome\n\n 15 \n\n21 \n38\nInterestexpense\n\n (276)\n\n(221) \n(191)\nTranslatedearningscontract(loss)gain,net(Note15)\n\n (38)\n\n248 \n(93)\nTransaction-relatedgain,net(Note4)\n\n 498 \n\n\n \nOtherexpense,net\n\n (60)\n\n(155) \n(216)\n\n\n\n\n\n\n \nIncomebeforeincometaxes\n\n 623 \n\n1,216 \n1,503\nProvisionforincometaxes(Note8)\n\n (111)\n\n(256) \n(437)\n\n\n\n\n\n\n \nNetincomeattributabletoCorningIncorporated\n$\n 512 \n$\n960 $\n1,066\n\n\n\n\n\n\n \nEarningspercommonshareattributableto\nCorningIncorporated:\n\n\n\n\n\n \nBasic(Note18)\n$\n 0.54 \n$\n1.11 $\n1.19\nDiluted(Note18)\n$\n 0.54 \n$\n1.07 $\n1.13\n\nTheaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.\n\n70\n\nIndex\n Consolidated Statements of Income\n Corning Incorporated and Subsidiary Companies\n YearendedDecember31,\n (Inmillions,exceptpershareamounts) 2020 2019\n 2018 Netsales\n $ 11,303\n $ 11,503 $\n 11,290\n Costofsales\n 7,772\n 7,468\n 6,829 Grossmargin\n 3,531\n 4,035\n 4,461\n Operatingexpenses:\n Selling,generalandadministrativeexpenses 1,747\n 1,585\n 1,799\n Research,developmentandengineeringexpenses\n 1,154\n 1,031\n 993\n Amortizationofpurchasedintangibles\n 121 113 94 Operatingincome\n 509\n 1,306\n 1,575\n Equityin(losses)earningsofaffiliatedcompanies(Note3)\n (25) 17 390 Interestincome 15 21 38 Interestexpense\n (276) (221) (191) Translatedearningscontract(loss)gain,net(Note15)\n (38) 248 (93) Transaction-relatedgain,net(Note4)\n 498 Otherexpense,net (60) (155) (216) Incomebeforeincometaxes\n 623\n 1,216\n 1,503\n Provisionforincometaxes(Note8)\n (111) (256) (437) NetincomeattributabletoCorningIncorporated\n $ 512 $ 960 $ 1,066\n Earningspercommonshareattributableto\n CorningIncorporated:\n Basic(Note18) $ 0. 54\n $ 1. 11 $\n 1. 19\nDiluted(Note18)\n $\n 0. 54\n $ 1. 07\n. 13\n.\n 70"}
{"_id": "dd2adc4fa", "title": "", "text": "Segment results managed basis\nThe following tables summarize the Firms results by segment for the periods indicated.\nThree months ended March 31,\nConsumer & Community Banking\nCorporate & Investment Bank\nCommercial Banking\n(in millions, except ratios)\n2021\n2020\nChange\n2021\n2020\nChange\n2021\n2020\nChange\nTotal net revenue\n$ 12,517 \n$ 13,287 \n (6) %\n$ 14,605 \n$ 10,003 \n 46 %\n$ \n2,393 \n$ \n2,165 \n 11 %\nTotal noninterest expense\n \n7,202 \n \n7,269 \n (1) \n \n7,104 \n \n5,955 \n 19 \n \n969 \n \n986 \n (2) \nPre-provision profit/(loss)\n \n5,315 \n \n6,018 \n (12) \n \n7,501 \n \n4,048 \n 85 \n \n1,424 \n \n1,179 \n 21 \nProvision for credit losses\n \n(3,602) \n \n5,772 \nNM\n \n(331) \n \n1,401 \nNM\n \n(118) \n \n1,010 \nNM\nNet income/(loss)\n \n6,728 \n \n197 \nNM\n \n5,740 \n \n1,985 \n 189 \n \n1,168 \n \n139 \nNM\nReturn on equity (ROE)\n \n54 % \n1 %\n 27 %\n 9 %\n 19 %\n 2 %\nThree months ended March 31,\nAsset & Wealth Management\nCorporate\nTotal\n(in millions, except ratios)\n2021\n2020\nChange\n2021\n2020\nChange\n2021\n2020\nChange\nTotal net revenue\n$ \n4,077 \n$ \n3,389 \n 20 %\n$ \n(473) $ \n166 \nNM\n$ 33,119 \n$ 29,010 \n 14 %\nTotal noninterest expense\n \n2,574 \n \n2,435 \n 6 \n \n876 \n146 \n 500 \n \n18,725 \n \n16,791 \n 12 \nPre-provision profit/(loss)\n \n1,503 \n \n954 \n 58 \n \n(1,349) \n20 \nNM\n \n14,394 \n \n12,219 \n 18 \nProvision for credit losses\n \n(121) \n \n94 \nNM\n \n16 \n8 \n 100 \n \n(4,156) \n \n8,285 \nNM\nNet income/(loss)\n \n1,244 \n \n669 \n 86 \n \n(580) \n(125) \n (364) \n \n14,300 \n \n2,865 \n 399 \nROE\n \n35 % \n25 %\nNM\nNM\n 23 %\n 4 %\n\nSegment results managed\n tables summarize Firms results segment periods.\n Three months ended March 31,\n Consumer Community Banking\n Corporate Investment Bank\n Commercial Banking\n millions ratios\n 2021\n 2020\n Change 2020 2020 Total net revenue\n $ 12,517\n $ 13,287\n (6) %\n $ 14,605\n $ 10,003\n 46 %\n 2,393\n $ 2,165\n 11 %\n Total noninterest expense\n 7,202\n 7,269\n 7,104\n 5,955\n 19\n 969\n 986\n (2) Pre-provision profit/(loss)\n 5,315\n 6,018\n (12) 7,501\n 4,048\n 85\n 1,424\n 1,179\n 21\n Provision for credit losses\n (3,602)\n 5,772\n NM (331)\n 1,401\n (118)\n 1,010\n NM Net income/(loss)\n 197\n 5,740\n 1,985\n 189\n 1,168\n 139\n Return on equity (ROE)\n 54 %\n 1 %\n 27 %\n 9 %\n 19 %\n 2 %\n Three months ended March 31,\n Asset & Wealth Management\n Corporate\n Total millions ratios\n 2021\n 2020\n Change 2020 Total net revenue\n $ 4,077\n $ 3,389\n 20 %\n $ (473) $\n 166 $ 33,119\n $ 29,010\n 14 %\n Total noninterest expense\n 2,574\n 2,435\n 6 876\n 146 500 18,725\n 16,791\n 12 Pre-provision profit/(loss)\n 1,503\n 954\n 58 (1,349)\n 20\n 14,394\n 12,219\n 18\n Provision for credit losses\n (121)\n 94\n NM16\n 8\n 100\n (4,156)\n 8,285\n 1,244\n 669\n 86 (580)\n (125)\n (364)\n 14,300\n 2,865\n 399\n ROE 35 %\n 25 %\n NM 23 %\n 4 %"}
{"_id": "dd2ac07e6", "title": "", "text": "Amcor plc and Subsidiaries\nConsolidated Balance Sheet\n(in millions)\nAs of June 30,\n2020\n2019\nAssets\nCurrent assets:\nCash and cash equivalents\n$\n742.6 \n$\n601.6 \nTrade receivables, net\n1,615.9 \n1,864.3 \nInventories, net\n1,831.9 \n1,953.8 \nPrepaid expenses and other current assets\n344.3 \n374.3 \nAssets held for sale\n \n416.1 \nTotal current assets\n4,534.7 \n5,210.1 \nNon-current assets:\nInvestments in affiliated companies\n77.7 \n98.9 \nProperty, plant and equipment, net\n3,614.8 \n3,975.0 \nOperating lease assets\n525.3 \n \nDeferred tax assets\n135.4 \n190.9 \nOther intangible assets, net\n1,994.3 \n2,306.8 \nGoodwill\n5,339.3 \n5,156.0 \nEmployee benefit assets\n43.4 \n40.2 \nOther non-current assets\n177.2 \n187.1 \nTotal non-current assets\n11,907.4 \n11,954.9 \nTotal assets\n$\n16,442.1 \n$\n17,165.0 \nLiabilities\nCurrent liabilities:\nCurrent portion of long-term debt\n$\n11.1 \n$\n5.4 \nShort-term debt\n195.2 \n788.8 \nTrade payables\n2,170.8 \n2,303.4 \nAccrued employee costs\n476.5 \n378.4 \nOther current liabilities\n1,120.0 \n1,044.9 \nLiabilities held for sale\n \n20.9 \nTotal current liabilities\n3,973.6 \n4,541.8 \nNon-current liabilities:\nLong-term debt, less current portion\n6,028.4 \n5,309.0 \nOperating lease liabilities\n465.7 \n \nDeferred tax liabilities\n672.4 \n1,011.7 \nEmployee benefit obligations\n391.7 \n386.8 \nOther non-current liabilities\n223.2 \n241.0 \nTotal non-current liabilities\n7,781.4 \n6,948.5 \nTotal liabilities\n11,755.0 \n11,490.3 \nCommitments and contingencies (See Note 19)\nShareholders' Equity\nAmcor plc shareholders equity:\nOrdinary shares ($0.01 par value):\nAuthorized (9,000.0 shares)\nIssued (1,568.5 and 1,625.9 shares, respectively)\n15.7 \n16.3 \nAdditional paid-in capital\n5,480.0 \n6,007.5 \nRetained earnings\n246.5 \n323.7 \nAccumulated other comprehensive income (loss)\n(1,049.3)\n(722.4)\nTreasury shares (6.7 and 1.4 shares, respectively)\n(67.0)\n(16.1)\nTotal Amcor plc shareholders' equity\n4,625.9 \n5,609.0 \nNon-controlling interest\n61.2 \n65.7 \nTotal shareholders' equity\n4,687.1 \n5,674.7 \nTotal liabilities and shareholders' equity\n$\n16,442.1 \n$\n17,165.0 \nSee accompanying notes to consolidated financial statements.\n50\n\nAmcor plc Subsidiaries\n Consolidated Balance Sheet\n millions\n June 30\n 2020\n 2019\n Assets\n Current assets\n Cash cash equivalents\n 742. 6\n 601.\n Trade receivables\n 1,615. 9\n 1,864. 3\n Inventories\n 1,831. 9\n 1,953. 8\n Prepaid expenses current assets\n 344. 3\n 374.\n Assets sale\n 416.\n Total current assets\n 4,534. 7\n 5,210.\n Non-current assets\n Investments affiliated companies\n 77. 7\n 98.\n Property plant equipment\n 3,614. 8\n.\n Operating lease assets\n 525. 3\n Deferred tax assets\n 135.\n 190. 9\n Other intangible assets\n 1,994. 3\n 2,306.\n Goodwill\n 5,339. 3\n 5,156.\n Employee benefit assets\n 43. 4\n 40.\n Other non-current assets\n 177.\n 187.\n Total non assets\n 11,907. 4\n 11,954. 9\n Total assets\n 16,442.\n 17,165.\n Liabilities\n Current liabilities\n long-term debt\n 11. 1\n 5.\n Short-term debt\n 195. 2\n.\n Trade payables\n 2,170.\n 2,303.\n Accrued employee costs\n. 5\n 378. 4\n Other current liabilities\n 1,120.\n 1,044. 9\n Liabilities held sale\n 20. 9\n Total current liabilities\n 3,973. 6\n 4,541. 8\n Non-current liabilities\n Long-term debt current portion\n. 4\n 5,309.\n Operating lease liabilities\n. 7\n Deferred tax liabilities\n 672. 4\n 1,011.\n Employee benefit obligations\n 391. 7\n 386. 8\nnon-current liabilities\n 223. 2\n 241. 0\n 7,781. 4\n 6,948. 5\n 11,755.\n 11,490. 3\n Commitments contingencies Note 19)\n Shareholders' Equity\n Amcor plc shareholders\n Ordinary shares ($0. 01 par\n Authorized (9,000. 0 shares\n Issued (1,568. 5 1,625. 9 shares\n 15. 7\n 16. 3\n Additional paid-in capital\n 5,480.\n 6,007. 5\n Retained earnings\n 246. 5\n 323. 7\n comprehensive income (loss)\n (1,049. 3)\n (722. 4)\n Treasury shares (6. 7 1. 4 shares\n (67. 0\n (16. 1)\n Total Amcor plc shareholders' equity\n. 9\n 5,609. 0\n Non-controlling interest\n 61. 2\n 65. 7\n Total shareholders' equity\n 4,687. 1\n. 7\n liabilities shareholders' equity\n 16,442. 1\n 17,165. 0\n consolidated financial statements.\n"}
{"_id": "dd2ac5bec", "title": "", "text": "Consolidated Statements of Earnings\n$ and shares in millions, except per share amounts\n \n \n \n \n \n \n \n \n \n \n \n \n \nFiscal Years Ended\nJanuary 28, 2023\n \nJanuary 29, 2022\n \nJanuary 30, 2021\nRevenue\n$\n 46,298 \n \n$\n 51,761 \n \n$\n 47,262 \nCost of sales\n \n 36,386 \n \n \n 40,121 \n \n \n 36,689 \nGross profit\n \n 9,912 \n \n \n 11,640 \n \n \n 10,573 \nSelling, general and administrative expenses\n \n 7,970 \n \n \n 8,635 \n \n \n 7,928 \nRestructuring charges\n \n 147 \n \n \n (34) \n \n \n 254 \nOperating income\n \n 1,795 \n \n \n 3,039 \n \n \n 2,391 \nOther income (expense):\n \n \n \n \n \n \n \n \n \n \n \nInvestment income and other\n \n 28 \n \n \n 10 \n \n \n 38 \nInterest expense\n \n (35) \n \n \n (25) \n \n \n (52) \nEarnings before income tax expense and equity in income of affiliates\n \n 1,788 \n \n \n 3,024 \n \n \n 2,377 \nIncome tax expense\n \n 370 \n \n \n 574 \n \n \n 579 \nEquity in income of affiliates\n \n 1 \n \n \n 4 \n \n \n - \nNet earnings\n$\n 1,419 \n \n$\n 2,454 \n \n$\n 1,798\n\nConsolidated Statements of Earnings\n $ shares in millions, except per share amounts\n Fiscal Years Ended January 28, 2023\n January 29, 2022\n January 30, 2021\n Revenue\n $\n 46,298\n $ 51,761\n $ 47,262\n Cost of sales\n 36,386\n 40,121\n 36,689\n Gross profit\n 9,912 11,640\n 10,573\n Selling, general administrative expenses\n 7,970\n 8,635\n 7,928 Restructuring charges\n 147 (34) 254 Operating income\n 1,795\n 3,039 2,391\n Other income (expense):\n Investment income other\n 28\n 10 38 Interest expense\n (35) (25) (52) Earnings before income tax expense and equity in income of affiliates\n 1,788\n 3,024 2,377\n Income tax expense\n 370 574 579\n Equity in income of affiliates\n 1 4 - Net earnings\n $ 1,419\n $ 2,454\n $ 1,798"}
{"_id": "dd2abc54c", "title": "", "text": "Worldwide Sales Change \nBy Business Segment\nOrganic sales\nAcquisitions\nDivestitures\nTranslation\nTotal sales change\nSafety and Industrial\n1.0 %\n \n %\n %\n(4.2) %\n(3.2) %\nTransportation and Electronics\n1.2 \n \n(0.5)\n(4.6)\n(3.9)\nHealth Care\n3.2 \n \n(1.4)\n(3.8)\n(2.0)\nConsumer\n(0.9)\n \n(0.4)\n(2.6)\n(3.9)\nTotal Company\n1.2 \n \n(0.5)\n(3.9)\n(3.2)\n\nWorldwide Sales Change\n Business Segment\n Organic sales\n Acquisitions\n Divestitures\n Translation\n Total sales\n Safety Industrial\n 1. %\n (4. 2)\n (3. 2)\n Transportation Electronics\n 1. 2\n. 5)\n (4. 6)\n (3. 9)\n Health Care\n 3. 2\n. 4)\n (3. 8)\n (2.\n Consumer\n (0. 9)\n. 4)\n (2. 6)\n (3. 9)\n Company\n 1. 2\n. 5)\n (3. 9)\n. 2)"}
{"_id": "dd2abff58", "title": "", "text": "Table of Contents\nAMAZON.COM, INC.\nCONSOLIDATED STATEMENTS OF OPERATIONS\n(in millions, except per share data)\n \n \nYear Ended December 31,\n \n2015\n \n2016\n \n2017\nNet product sales\n$\n79,268 $\n94,665 $\n118,573\nNet service sales\n27,738 \n41,322 \n59,293\nTotal net sales\n107,006 \n135,987 \n177,866\nOperating expenses:\n \n \n \nCost of sales\n71,651 \n88,265 \n111,934\nFulfillment\n13,410 \n17,619 \n25,249\nMarketing\n5,254 \n7,233 \n10,069\nTechnology and content\n12,540 \n16,085 \n22,620\nGeneral and administrative\n1,747 \n2,432 \n3,674\nOther operating expense, net\n171 \n167 \n214\nTotal operating expenses\n104,773 \n131,801 \n173,760\nOperating income\n2,233 \n4,186 \n4,106\nInterest income\n50 \n100 \n202\nInterest expense\n(459) \n(484) \n(848)\nOther income (expense), net\n(256) \n90 \n346\nTotal non-operating income (expense)\n(665) \n(294) \n(300)\nIncome before income taxes\n1,568 \n3,892 \n3,806\nProvision for income taxes\n(950) \n(1,425) \n(769)\nEquity-method investment activity, net of tax\n(22) \n(96) \n(4)\nNet income\n$\n596 $\n2,371 $\n3,033\nBasic earnings per share\n$\n1.28 $\n5.01 $\n6.32\nDiluted earnings per share\n$\n1.25 $\n4.90 $\n6.15\nWeighted-average shares used in computation of earnings per share:\n \n \n \nBasic\n467 \n474 \n480\nDiluted\n477 \n484 \n493\nSee accompanying notes to consolidated financial statements.\n38\n\nTable Contents\n.\n CONSOLIDATED STATEMENTS OPERATIONS\n millions except share data\n Ended December 31,\n 2015\n 2016\n 2017\n Net product sales\n 79,268 $\n 94,665 $\n 118,573\n service sales\n 27,738\n 41,322\n 59,293\n Total net sales\n 107,006\n 135,987\n 177,866\n Operating expenses\n Cost sales\n 71,651\n 88,265\n 111,934\n Fulfillment\n 13,410\n 17,619\n 25,249\n Marketing\n 5,254\n 7,233\n 10,069\n Technology content\n 12,540\n 16,085\n 22,620\n General administrative\n 1,747\n 2,432\n 3,674\n operating expense\n 171\n 167 214 Total operating expenses\n 104,773\n 131,801\n 173,760\n Operating income\n 2,233\n 4,186\n 4,106\n Interest income\n 50 Interest expense\n (459)\n (484)\n (848) Other income\n (256)\n 90 346\n non income (expense\n (665)\n (294)\n (300\n Income before income taxes\n 1,568\n 3,892\n 3,806\n Provision income taxes\n (950)\n (1,425)\n (769)\n Equity-method investment activity net tax\n (22) (96) Net income\n 596 $\n 2,371 $\n Basic earnings per share\n 1. 28 $\n 5. $\n.\n Diluted earnings per share\n 1. 25 $\n 4. 90 $\n 6.\n Weighted-average shares computation earnings per share\n 474\n 480\n Diluted 484\n 493\n notes consolidated financial statements.\n 38"}
{"_id": "dd2aded90", "title": "", "text": "Lockheed Martin Corporation\nConsolidated Statements of Earnings\n(in millions, except per share data)\n \n \nYears Ended December 31,\n2022\n2021\n2020\nNet sales\nProducts\n$ \n55,466 $ \n56,435 $ \n54,928 \nServices\n \n10,518 \n10,609 \n10,470 \nTotal net sales\n \n65,984 \n67,044 \n65,398 \nCost of sales\nProducts\n \n(49,577) \n(50,273) \n(48,996) \nServices\n \n(9,280) \n(9,463) \n(9,371) \nSeverance and other charges\n \n(100) \n(36) \n(27) \nOther unallocated, net\n \n1,260 \n1,789 \n1,650 \nTotal cost of sales\n \n(57,697) \n(57,983) \n(56,744) \nGross profit\n \n8,287 \n9,061 \n8,654 \nOther income (expense), net\n \n61 \n62 \n(10) \nOperating profit\n \n8,348 \n9,123 \n8,644 \nInterest expense\n \n(623) \n(569) \n(591) \nNon-service FAS pension (expense) income\n \n(971) \n(1,292) \n219 \nOther non-operating (expense) income, net\n \n(74) \n288 \n(37) \nEarnings from continuing operations before income taxes\n \n6,680 \n7,550 \n8,235 \nIncome tax expense\n \n(948) \n(1,235) \n(1,347) \nNet earnings from continuing operations\n \n5,732 \n6,315 \n6,888 \nNet loss from discontinued operations\n \n \n \n(55) \nNet earnings\n$ \n5,732 $ \n6,315 $ \n6,833 \n \nEarnings (loss) per common share\nBasic\nContinuing operations\n$ \n21.74 $ \n22.85 $ \n24.60 \nDiscontinued operations\n \n \n \n(0.20) \nBasic earnings per common share\n$ \n21.74 $ \n22.85 $ \n24.40 \nDiluted\nContinuing operations\n$ \n21.66 $ \n22.76 $ \n24.50 \nDiscontinued operations\n \n \n \n(0.20) \nDiluted earnings per common share\n$ \n21.66 $ \n22.76 $ \n24.30 \nThe accompanying notes are an integral part of these consolidated financial statements.\nTable of Contents \n63\n\nLockheed Martin Corporation\n Consolidated Statements Earnings\n millions share data\n Years Ended December 31,\n 2022\n 2021\n 2020\n Net sales\n Products $ 55,466 $\n 56,435 $\n 54,928\n Services 10,518\n 10,609\n 10,470\n Total net sales\n 65,984\n 67,044\n 65,398\n Cost sales\n Products (49,577)\n (50,273)\n (48,996)\n (9,280)\n (9,463)\n (9,371)\n Severance charges\n (100)\n (36) unallocated\n 1,260\n 1,789\n 1,650\n Total cost sales\n (57,697)\n (57,983)\n (56,744)\n profit\n 8,287\n 9,061\n 8,654\n income (expense),\n 61\n 62\n Operating profit\n 8,348\n 9,123\n 8,644\n Interest expense\n (623)\n (569)\n (591)\n Non-service FAS pension (expense) income\n (971)\n (1,292)\n 219 non-operating (expense) income\n (74) 288\n Earnings continuing operations income taxes\n 6,680\n 7,550\n 8,235\n Income tax expense\n (948)\n (1,235)\n (1,347)\n Net earnings continuing operations\n 6,315\n 6,888\n loss discontinued operations\n (55)\n Net earnings\n $\n 6,315 $\n Earnings (loss) common share\n operations\n $ 21. 74 $\n 22. 85 $\n 24. 60\n Discontinued operations\n. 20\n Basic earnings common share\n 21. 74 $\n 22. 85 $\n 24. 40\n operations\n 21. 66 $\n 22. 76 $\n 24. 50\n Discontinued operations\n (0. 20\nearnings per common share\n 21. 66 $\n 22. 76 $\n 24. 30\n accompanying notes integral part consolidated financial statements.\n Table of Contents\n 63"}
{"_id": "dd2ac30ea", "title": "", "text": "Year Ended\nDecember 31,\n2022\nDecember 25,\n2021\n(In millions)\nNet revenue:\nData Center\n$\n6,043 \n$\n3,694 \nClient\n6,201 \n6,887 \nGaming\n6,805 \n5,607 \nEmbedded\n4,552 \n246 \nTotal net revenue\n$\n23,601 \n$\n16,434 \nOperating income (loss):\nData Center\n$\n1,848 \n$\n991 \nClient\n1,190 \n2,088 \nGaming\n953 \n934 \nEmbedded\n2,252 \n44 \nAll Other\n(4,979)\n(409)\nTotal operating income (loss)\n$\n1,264 \n$\n3,648\n\nEnded\n December 31,\n 2022\n December 25,\n 2021\n millions\n Net revenue\n Data Center\n 3,694\n Client 6,201\n 6,887\n Gaming 6,805\n 5,607\n Embedded\n 4,552\n 246\n Total net revenue\n 23,601\n 16,434\n Operating income\n Data Center\n 1,848\n 991\n Client 1,190\n 2,088\n Gaming\n 953\n 934\n Embedded\n 2,252\n 44 Other (4,979)\n (409)\n Total operating income (loss\n 1,264\n 3,648"}
{"_id": "dd2af41e0", "title": "", "text": "Table of Contents\nConsolidated Statement of Income\nPepsiCo, Inc. and Subsidiaries\nFiscal years ended December 31, 2022, December 25, 2021 and December 26, 2020\n(in millions except per share amounts)\n2022\n2021\n2020\nNet Revenue\n$\n86,392 $\n79,474 $\n70,372 \nCost of sales\n40,576 \n37,075 \n31,797 \nGross profit\n45,816 \n42,399 \n38,575 \nSelling, general and administrative expenses\n34,459 \n31,237 \n28,453 \nGain associated with the Juice Transaction (see Note 13)\n(3,321)\n \n \nImpairment of intangible assets (see Notes 1 and 4)\n3,166 \n \n42 \nOperating Profit\n11,512 \n11,162 \n10,080 \nOther pension and retiree medical benefits income\n132 \n522 \n117 \nNet interest expense and other\n(939)\n(1,863)\n(1,128)\nIncome before income taxes\n10,705 \n9,821 \n9,069 \nProvision for income taxes\n1,727 \n2,142 \n1,894 \nNet income\n8,978 \n7,679 \n7,175 \nLess: Net income attributable to noncontrolling interests\n68 \n61 \n55 \nNet Income Attributable to PepsiCo\n$\n8,910 $\n7,618 $\n7,120 \nNet Income Attributable to PepsiCo per Common Share\nBasic\n$\n6.45 $\n5.51 $\n5.14 \nDiluted\n$\n6.42 $\n5.49 $\n5.12 \nWeighted-average common shares outstanding\nBasic\n1,380 \n1,382 \n1,385 \nDiluted\n1,387 \n1,389 \n1,392 \nSee accompanying notes to the consolidated financial statements.\n60\n\nTable Contents\n Consolidated Statement Income\n PepsiCo Inc. Subsidiaries\n Fiscal years December 31, 2022 25 2021 December 26, 2020\n millions share amounts\n 2022\n 2021\n Net Revenue\n 86,392 $\n 79,474 $\n 70,372\n Cost sales\n 40,576\n 37,075\n 31,797\n Gross profit\n 45,816\n 42,399\n 38,575\n Selling general administrative expenses\n 34,459\n 31,237\n 28,453\n Gain Juice Transaction Note 13)\n (3,321)\n Impairment intangible assets Notes 1 4)\n 3,166\n 42 Operating Profit\n 11,512\n 11,162\n 10,080\n pension retiree medical benefits income\n 132\n 522\n 117\n Net interest expense other\n (939)\n (1,863)\n (1,128)\n Income before taxes\n 10,705\n 9,069\n Provision income taxes\n 1,727\n 2,142\n 1,894\n Net income\n 7,679\n 7,175\n Net income noncontrolling interests\n 68\n 61\n 55 Net Income Attributable PepsiCo\n $\n $\n 7,120\n Net Income Attributable PepsiCo Common Share\n Basic 6. 45 $\n 5. 51 $\n 5. 14\n Diluted\n 6. 42 $\n 5. 49 $\n. 12\n Weighted-average common shares\n 1,380\n 1,382\n 1,385\n Diluted\n 1,387\n 1,389\n 1,392\n accompanying notes consolidated financial statements.\n 60"}
{"_id": "dd2ac6718", "title": "", "text": "July 29, 2023\n \nJuly 30, 2022\n \nJuly 29, 2023\n \nJuly 30, 2022\nOperating income\n$\n 348 \n $\n 371 \n $\n 659 \n $\n 833 \n% of revenue\n \n 3.6 % \n 3.6 % \n 3.5 % \n 4.0 %\nIntangible asset amortization(1)\n \n 21 \n \n 22 \n \n 41 \n \n 44 \nRestructuring charges(2)\n \n (7) \n \n 34 \n \n (16) \n \n 35 \nNon-GAAP operating income\n$\n 362 \n $\n 427 \n $\n 684 \n $\n 912 \n% of revenue\n \n 3.8 % \n 4.1 % \n 3.6 % \n 4.3 %\n \n \n \n \n \n \n \n \n \nEffective tax rate\n \n 26.1 % \n 15.6 % \n 24.8 % \n 20.5 %\nIntangible asset amortization(1)\n \n (0.4)% \n 0.4 % \n 0.4 % \n 0.2 %\nRestructuring charges(2)\n \n 0.4 % \n 0.7 % \n (0.1)% \n 0.1 %\nLoss on investments\n \n 0.5 % \n -% \n -% \n -%\nNon-GAAP effective tax rate\n \n 26.6 % \n 16.7 % \n 25.1 % \n 20.8 %\n \n \n \n \n \n \n \n \n \nDiluted EPS\n$\n 1.25 \n $\n 1.35 \n $\n 2.36 \n $\n 2.85 \nIntangible asset amortization(1)\n \n 0.10 \n \n 0.10 \n \n 0.18 \n \n 0.19 \nRestructuring charges(2)\n \n (0.03) \n \n 0.15 \n \n (0.07) \n \n 0.15 \nLoss on investments\n \n - \n \n - \n \n 0.02 \n \n - \nGain on sale of subsidiary, net(3)\n \n (0.10) \n \n - \n \n (0.10) \n \n - \nIncome tax impact of non-GAAP adjustments(4)\n \n - \n \n (0.06) \n \n (0.02) \n \n (0.08) \nNon-GAAP diluted EPS\n$\n 1.22 \n $\n 1.54 \n $\n 2.37 \n $\n 3.11 \nFor additional information regarding the nature of charges discussed below, refer to Note 1, Basis of Presentation, Note 2, Restructuring, and Note 3, Goodwill and Intangible Assets, of the Notes to \nCondensed Consolidated Financial Statements, included in this Quarterly Report on Form 10-Q.\n(1)\nRepresents the non-cash amortization of definite-lived intangible assets associated with acquisitions, including customer relationships, tradenames and developed technology assets.\n(2)\nRepresents charges related to employee termination benefits and subsequent adjustments from higher-than-expected employee retention related to previously planned organizational changes.\n(3)\nRepresents the gain on sale of a Mexico subsidiary subsequent to our exit from operations in Mexico.\n(4)\nThe non-GAAP adjustments primarily relate to the U.S. and Mexico. As such, the forecasted annual income tax charge on the U.S. non-GAAP adjustments is calculated using the statutory tax rate of \n24.5%. There is no forecasted annual income tax benefit for Mexico non-GAAP items, as there is no forecasted annual tax expense on the income in the calculation of GAAP income tax expense.\n \nOur non-GAAP operating income rates decreased in the second quarter and first six months of fiscal 2024, primarily due to unfavorable SG&A rates, partially \noffset by favorable gross profit rates.\n \nOur non-GAAP effective tax rate increased in the second quarter of fiscal 2024, primarily due to the prior year resolution of certain discrete tax matters. Our non-\nGAAP effective tax rate increased in the first six months of fiscal 2024, primarily due to the prior year resolution of certain discrete tax matters and decreased tax \nbenefits from stock-based compensation, partially offset by the impact of lower pre-tax earnings.\n \nOur non-GAAP diluted EPS decreased in the second quarter and first six months of fiscal 2024, primarily due to the decreases in non-GAAP operating income.\n \nLiquidity and Capital Resources\n \nWe closely manage our liquidity and capital resources. Our liquidity requirements depend on key variables, including the level of investment required to support \nour business strategies, the performance of our business, capital expenditures, dividends, credit facilities, short-term borrowing arrangements and working capital \nmanagement. We modify our approach to managing these variables as changes in our operating environment arise. For example, capital expenditures and share \nrepurchases are a component of our cash flow and capital management strategy, which, to a large extent, we can adjust in response to economic and other \nchanges in our business environment. We have a disciplined approach to capital allocation, which focuses on investing in key priorities that support our strategy.\n \nCash and cash equivalents were as follows ($ in millions):\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJuly 29, 2023\n \nJanuary 28, 2023\n \nJuly 30, 2022\nCash and cash equivalents\n \n $\n 1,093 $\n 1,874 $\n 840\n\nJuly 29, 2023\n July 30 2022\n July 29, 2023\n July 30 2022\n Operating income\n $\n 348\n $\n $\n 659\n $\n 833\n % revenue\n 3. 6 %\n 3. %\n 3. 5 %\n 4. 0 %\n Intangible asset amortization(1)\n 21\n 22\n 41\n 44\n Restructuring charges(2)\n 34\n 35\n Non-GAAP operating income\n $\n 362\n $\n 427\n $\n $\n 912\n % revenue\n 3. 8 %\n 4. 1 %\n 3. 6 %\n 4. 3 %\n tax rate\n 26. 1 %\n 15. 6 %\n 24. 8 %\n 20. 5 %\n Intangible amortization(1)\n (0. 4)%\n 0. 4 %\n 0. 4 %\n 0. 2 %\n Restructuring charges(2)\n 0. 4 %\n. 7 %\n. 1)\n 0. 1 %\n Loss investments\n 0. 5 %\n Non-GAAP effective tax rate\n 26. 6 %\n 16. 7 %\n 25. 1 %\n 20. 8 %\n Diluted EPS\n $ 1. 25\n $ 1. 35\n $ 2. 36\n $\n 2. 85\n Intangible amortization(1)\n 0. 10\n 0. 10\n 0. 18\n 0. 19\n Restructuring charges(2)\n (0. 03)\n 0. 15\n (0. 07)\n 0. 15\n Loss investments\n 0. 02\n sale subsidiary\n. 10)\n. 10\n Income tax impact non-GAAP adjustments(4)\n. 06)\n. 02)\n. 08\n Non-GAAP diluted EPS\n $ 1. 22\n $ 1. 54\n $ 2. 37\n $3. 11\n For additional information nature charges refer to Note 1, Basis of Presentation, Note 2, Restructuring Note 3, Goodwill and Intangible Assets, of Notes to\n Condensed Consolidated Financial Statements in Quarterly Report on Form 10-Q.\n (1)\n Represents non-cash amortization of definite-lived intangible assets associated with acquisitions including customer relationships tradenames developed technology assets.\n (2)\n Represents charges related to employee termination benefits adjustments from higher-than-expected employee retention to planned organizational changes.\n (3)\n Represents gain on sale of Mexico subsidiary subsequent to exit from operations in Mexico.\n (4)\n non-GAAP adjustments relate to U. S. and Mexico. forecasted annual income tax charge on U. S. non-GAAP adjustments calculated using statutory tax rate of\n 24. 5%. no forecasted annual income tax benefit for Mexico non-GAAP items no forecasted annual tax expense on income in calculation GAAP income tax expense.\n non-GAAP operating income rates decreased in second quarter first six months of fiscal 2024 due to unfavorable SG&A rates\n offset by favorable gross profit rates.\n non-GAAP effective tax rate increased second quarter of fiscal 2024 due to prior year resolution of discrete tax matters. non-\n GAAP effective tax rate increased first six months of fiscal 2024 due to prior year resolution of discrete tax matters decreased tax\n benefits from stock-based compensation offset by impact lower pre-tax earnings.\n non-GAAP diluted EPS decreased in second quarter first six months of fiscal 2024 due to decreases in non-GAAP operating income.\n Liquidity and Capital Resources\n closely manage liquidity and capital resources. liquidity requirements depend on key variables including level of investment required support\nbusiness strategies, performance of business, capital expenditures, dividends, credit facilities, short-term borrowing arrangements working capital\n management. modify our approach to managing these variables as changes in operating environment arise. For example capital expenditures and share\n repurchases component of cash flow and capital management strategy large extent can adjust in response to economic other\n changes in business environment. disciplined approach to capital allocation focuses on investing in key priorities support our strategy.\n Cash and cash equivalents as follows ($ in millions):\n July 29, 2023\n January 28, 2023\n July 30, 2022\n Cash and cash equivalents\n $\n 1,093 $\n 1,874 $\n 840"}
{"_id": "dd2ac8aea", "title": "", "text": "Computing and Mobile Phones: The 6.4% comparable sales decline was driven primarily by computing, mobile phones and tablets.\n\nConsumer Electronics: The 5.7% comparable sales decline was driven primarily by home theater, partially offset by comparable sales growth in \nheadphones and portable speakers. \n\nAppliances: The 16.1% comparable sales decline was driven primarily by large appliances.\n\nEntertainment: The 9.0% comparable sales growth was driven primarily by gaming, partially offset by comparable sales declines in virtual reality and \ndrones.\n\nServices: The 7.6% comparable sales growth was driven primarily by the cumulative growth in our paid membership base\n\nComputing Mobile Phones: 6. 4% comparable sales decline driven primarily by computing, mobile phones tablets.\n Consumer Electronics: 5. 7% sales decline driven primarily by home theater partially offset by sales growth in\n headphones portable speakers.\n Appliances: 16. 1% sales decline driven primarily by large appliances.\n Entertainment: 9. 0% comparable sales growth driven primarily by gaming partially offset by sales declines in virtual reality\n drones.\n Services: 7. 6% comparable sales growth driven by cumulative growth in paid membership base"}
{"_id": "dd2abd17c", "title": "", "text": "Table of Contents\nACTIVISION BLIZZARD, INC. AND SUBSIDIARIES\nCONSOLIDATED BALANCE SHEETS\n(Amounts in millions, except share data)\n \nAt December 31, 2019\n \nAt December 31, 2018\nAssets\n \n \nCurrent assets:\n \n \nCash and cash equivalents\n$\n5,794\n $\n4,225\nAccounts receivable, net of allowances of $132 and $190, at December 31, 2019 and December 31, 2018, respectively\n848\n \n1,035\nInventories, net\n32\n \n43\nSoftware development\n322\n \n264\nOther current assets\n296\n \n539\nTotal current assets\n7,292\n \n6,106\nSoftware development\n54\n \n65\nProperty and equipment, net\n253\n \n282\nDeferred income taxes, net\n1,293\n \n458\nOther assets\n658\n \n482\nIntangible assets, net\n531\n \n735\nGoodwill\n9,764\n \n9,762\nTotal assets\n$\n19,845\n $\n17,890\n \n \n \nLiabilities and Shareholders Equity\n \n \nCurrent liabilities:\n \n \nAccounts payable\n$\n292\n $\n253\nDeferred revenues\n1,375\n \n1,493\nAccrued expenses and other liabilities\n1,248\n \n896\nTotal current liabilities\n2,915\n \n2,642\nLong-term debt, net\n2,675\n \n2,671\nDeferred income taxes, net\n505\n \n18\nOther liabilities\n945\n \n1,167\nTotal liabilities\n7,040\n \n6,498\nCommitments and contingencies (Note 23)\n \nShareholders equity:\n \n \n \nCommon stock, $0.000001 par value, 2,400,000,000 shares authorized, 1,197,436,644 and 1,192,093,991 shares issued at\nDecember 31, 2019 and December 31, 2018, respectively\n\n \n\nAdditional paid-in capital\n11,174\n \n10,963\nLess: Treasury stock, at cost, 428,676,471 shares at December 31, 2019 and December 31, 2018\n(5,563) \n(5,563)\nRetained earnings\n7,813\n \n6,593\nAccumulated other comprehensive loss\n(619) \n(601)\nTotal shareholders equity\n12,805\n \n11,392\nTotal liabilities and shareholders equity\n$\n19,845\n $\n17,890\nThe accompanying notes are an integral part of these Consolidated Financial Statements.\nF-4\n\nTable of Contents\n ACTIVISION BLIZZARD INC. SUBSIDIARIES\n CONSOLIDATED BALANCE SHEETS\n (Amounts in millions except share data\n December 31, 2019\n December 31, 2018\n Assets\n Current assets\n Cash cash equivalents\n $ 5,794\n 4,225\n Accounts receivable allowances $132 $190 December 31, 2019 31, 2018\n 848\n 1,035\n Inventories\n 32\n 43\n Software development\n 322\n Other current assets\n Total current assets\n 7,292\n 6,106\n Software development\n 54\n 65 Property equipment\n 253\n 282\n Deferred income taxes\n 1,293\n 458\n Other assets\n 482\n Intangible assets\n 531\n 735 Goodwill\n 9,764\n 9,762\n Total assets\n $ 19,845\n 17,890\n Liabilities Shareholders Equity\n Current liabilities\n Accounts payable\n $ 292\n $ 253\n Deferred revenues\n 1,375\n 1,493\n Accrued expenses other liabilities\n 1,248\n 896\n Total current liabilities\n 2,915\n 2,642\n Long-term debt\n 2,675\n 2,671\n Deferred income taxes\n 505\n 18 Other liabilities\n 945\n 1,167\n Total liabilities\n 7,040\n 6,498\n Commitments contingencies (Note 23)\n Shareholders equity\n Common stock $0. 000001 par value 2,400,000,000 shares authorized 1,197,436,644 1,192,093,991 shares issued\n December 31, 2019 December 31, 2018\n Additional paid-in capital\n 11,174\n 10,963\nTreasury stock cost,676,471 shares December 31, 2019 December 31, 2018\n (5,563)\n Retained earnings\n 7,813\n 6,593\n Accumulated comprehensive loss\n (619)\n (601)\n Total shareholders equity\n 12,805\n 11,392\n liabilities shareholders equity\n $\n 19,845\n $\n 17,890\n accompanying notes integral part Consolidated Financial Statements.\n F-4"}
{"_id": "dd2adb8d4", "title": "", "text": "Exhibit 99.1\nJohnson & Johnson Announces Updated Financials and 2023 Guidance Following Completion of the Kenvue\nSeparation\n\nCompany expects increased 2023 Reported Sales Growth of 7.0% - 8.0%, Operational Sales Growth of 7.5% - 8.5%, and\nAdjusted Operational Sales Growth of 6.2% - 7.2%; Figures exclude the COVID-19 Vaccine\n\nCompany expects 2023 Adjusted Reported Earnings Per Share (EPS) of $10.00 - $10.10, reflecting increased growth of\n12.5% at the mid-point and Adjusted Operational EPS of $9.90 - $10.00, reflecting increased growth of 11.5% at the mid-\npoint\n\nCompany reduced outstanding share count by approximately 191 million; 2023 guidance reflects only a partial-year benefit\nof approximately 73.5 million shares or $0.28 benefit to EPS\n\nCompany secured $13.2 billion in cash proceeds from the Kenvue debt offering and initial public offering and maintains 9.5%\nof equity stake in Kenvue\n\nCompany maintains its quarterly dividend of $1.19 per share\nNew Brunswick, N.J. (August 30, 2023) Johnson & Johnson (NYSE: JNJ) (the Company) today announced updates to its financials and\n2023 guidance which reflect its operations as a company focused on transformational innovation in Pharmaceutical and MedTech. The\nCompany has published a recorded webinar for investors to provide additional context behind the updated financials and 2023 guidance\nfound in this release, which may be accessed by visiting the Investors section of the Company's website at webcasts & presentations.\nThe completion of this transaction uniquely positions Johnson & Johnson as a Pharmaceutical and MedTech company focused on delivering\ntransformative healthcare solutions to patients, said Joaquin Duato, Chairman of the Board and Chief Executive Officer. We are incredibly\nproud of the focus and dedication of our employees worldwide to achieve this milestone, which we are confident will unlock near- and long-\nterm value for all of our stakeholders.\nAs previously announced, the Company recently completed an exchange offer to finalize the separation of Kenvue Inc., formerly Johnson &\nJohnsons Consumer Health business. As a result of the completion of the exchange offer, Johnson & Johnson will now present its\nConsumer Health business financial results as discontinued operations, including a gain of approximately $20 billion in the third quarter of\n2023.\n\nExhibit 99. 1\n Johnson & Johnson Announces Updated Financials 2023 Guidance Following Completion Kenvue\n Separation\n Company expects increased 2023 Reported Sales Growth 7. 0% - 8. 0%, Operational Sales Growth 7. 5% - 8. 5%,\n Adjusted Operational Sales Growth 6. 2% - 7. 2%; Figures exclude COVID-19 Vaccine\n Company expects 2023 Adjusted Reported Earnings Per Share (EPS) $10. 00 - $10. 10, reflecting increased growth of\n 12. 5% at mid-point Adjusted Operational EPS $9. 90 - $10. 00 increased growth of 11. 5% at mid-\n point\n Company reduced outstanding share count by approximately 191 million; 2023 guidance reflects partial-year benefit\n approximately 73. 5 million shares or $0. 28 benefit to EPS\n Company secured $13. 2 billion cash proceeds from Kenvue debt offering initial public offering maintains 9. 5%\n equity stake in Kenvue\n Company maintains quarterly dividend of $1. 19 per share\n New Brunswick, N. J. (August 30, 2023) Johnson & Johnson (NYSE: JNJ) Company) announced updates to financials\n 2023 guidance reflect operations company focused on transformational innovation in Pharmaceutical and MedTech.\n Company published recorded webinar for investors additional context behind updated financials 2023 guidance\n accessed by visiting Investors section Company's website webcasts & presentations.\n completion of transaction positions Johnson & Johnson as Pharmaceutical and MedTech company focused on delivering\n transformative healthcare solutions to patients, said Joaquin Duato, Chairman of Board and Chief Executive Officer.\n proud of focus dedication employees worldwide to achieve this milestone confident will unlock near- long-\n term value for stakeholders.\n Company recently completed exchange offer to finalize separation of Kenvue Inc., formerly Johnson &\n Johnsons Consumer Health business. result completion exchange offer, Johnson & Johnson will now present\n Consumer Health business financial results as discontinued operations, including gain approximately $20 billion in third quarter of\n 2023."}
{"_id": "dd2ade386", "title": "", "text": "Table of Contents\nLockheed Martin Corporation\nConsolidated Statements of Earnings\n(in millions, except per share data)\n \n \nYears Ended December 31,\n2020\n2019\n2018\nNet sales\nProducts\n$\n54,928 \n$\n50,053 \n$\n45,005 \nServices\n10,470 \n9,759 \n8,757 \nTotal net sales\n65,398 \n59,812 \n53,762 \nCost of sales\nProducts\n(48,996)\n(44,589)\n(40,293)\nServices\n(9,371)\n(8,731)\n(7,738)\nSeverance charges\n(27)\n \n(96)\nOther unallocated, net\n1,650 \n1,875 \n1,639 \nTotal cost of sales\n(56,744)\n(51,445)\n(46,488)\nGross profit\n8,654 \n8,367 \n7,274 \nOther (expense) income, net\n(10)\n178 \n60 \nOperating profit\n8,644 \n8,545 \n7,334 \nInterest expense\n(591)\n(653)\n(668)\nOther non-operating income (expense), net\n182 \n(651)\n(828)\nEarnings from continuing operations before income taxes\n8,235 \n7,241 \n5,838 \nIncome tax expense\n(1,347)\n(1,011)\n(792)\nNet earnings from continuing operations\n6,888 \n6,230 \n5,046 \nNet loss from discontinued operations\n(55)\n \n \nNet earnings\n$\n6,833 \n$\n6,230 \n$\n5,046 \n \nEarnings (loss) per common share\nBasic\nContinuing operations\n$\n24.60 \n$\n22.09 \n$\n17.74 \nDiscontinued operations\n(0.20)\n \n \nBasic earnings per common share\n$\n24.40 \n$\n22.09 \n$\n17.74 \nDiluted\nContinuing operations\n$\n24.50 \n$\n21.95 \n$\n17.59 \nDiscontinued operations\n(0.20)\n \n \nDiluted earnings per common share\n$\n24.30 \n$\n21.95 \n$\n17.59 \nThe accompanying notes are an integral part of these consolidated financial statements.\n67\n\nTable Contents\n Lockheed Martin Corporation\n Consolidated Statements Earnings\n millions share data\n Ended December 31,\n 2020\n 2019\n 2018\n Net sales\n Products\n $\n 54,928\n $\n 50,053\n 45,005\n Services 10,470\n 9,759\n 8,757\n Total net sales\n 65,398\n 59,812\n 53,762\n Cost sales\n Products\n (48,996)\n (44,589)\n (40,293)\n Services (9,371)\n (8,731)\n (7,738)\n Severance charges\n (96) unallocated net\n 1,650\n 1,875\n 1,639\n Total cost sales\n (56,744)\n (51,445)\n (46,488)\n profit\n 8,654\n 8,367\n 7,274\n (expense income\n 178\n 60\n Operating profit\n 8,644\n 8,545\n 7,334\n Interest expense\n (591)\n (653)\n (668)\n non income (expense),\n 182\n (651)\n (828)\n Earnings continuing operations income taxes\n 8,235\n 7,241\n 5,838\n Income tax expense\n (1,347)\n (1,011)\n (792)\n Net earnings continuing operations\n 6,888\n 6,230\n 5,046\n Net loss discontinued operations\n (55) Net earnings\n $\n 6,230\n 5,046\n Earnings (loss common share\n operations\n 24. 60\n $ 22.\n $ 17. 74\n Discontinued operations\n (0. 20)\n Basic earnings common share\n 24. 40\n 22.\n 17. 74\n Diluted\n operations\n 24.\n 21.\n 17. 59\n Discontinued operations\n. 20)\n Diluted earnings common share\n 24. 30\n 21. 95\n 17. 59\naccompanying notes are integral part of consolidated financial statements.\n 67"}
{"_id": "dd2ae3eda", "title": "", "text": "\nMGM RESORTS INTERNATIONAL AND SUBSIDIARIES\nCONSOLIDATED STATEMENTS OF CASH FLOWS\n(In thousands)\n\n\n \nYear Ended December 31,\n \n \n \n2020\n \n \n2019\n \n \n2018\n \nCash flows from operating activities\n \n\n \n\n \n\n\nNetincome(loss)\n\n$\n(1,319,907)\n$\n2,214,380\n$\n583,894\nAdjustmentstoreconcilenetincome(loss)tonetcashprovidedby(usedin)\noperatingactivities:\n\n\n\n\n\n\n\nDepreciationandamortization\n\n\n1,210,556\n\n1,304,649\n\n1,178,044\nAmortizationofdebtdiscounts,premiumsandissuancecosts\n\n\n34,363\n\n38,972\n\n41,102\nLossonearlyretirementofdebt\n\n\n126,462\n\n198,151\n\n3,619\nProvisionforcreditlosses\n\n\n71,422\n\n39,270\n\n39,762\nStock-basedcompensation\n\n\n106,956\n\n88,838\n\n70,177\nPropertytransactions,net\n\n\n93,567\n\n275,802\n\n9,147\nGainonREITtransactions,net\n\n\n(1,491,945)\n\n(2,677,996)\n\n\nNoncashleaseexpense\n\n\n183,399\n\n71,784\n\n\nLoss(income)fromunconsolidatedaffiliates\n\n\n60,366\n\n(57,225)\n\n(96,542)\nDistributionsfromunconsolidatedaffiliates\n\n\n86,584\n\n299\n\n11,563\nDeferredincometaxes\n\n\n18,347\n\n595,046\n\n46,720\nChangeinoperatingassetsandliabilities:\n\n\n\n\n\n\n\nAccountsreceivable\n\n\n960,099\n\n(726,610)\n\n(149,554)\nInventories\n\n\n14,705\n\n6,522\n\n(7,860)\nIncometaxesreceivableandpayable,net\n\n\n(216,250)\n\n1,259\n\n14,120\nPrepaidexpensesandother\n\n\n(37)\n\n7,567\n\n(8,656)\nAccountspayableandaccruedliabilities\n\n\n(1,382,980)\n\n465,602\n\n21,508\nOther\n\n\n(48,750)\n\n(35,909)\n\n(34,505)\nNetcashprovidedby(usedin)operatingactivities\n\n\n(1,493,043)\n\n1,810,401\n\n1,722,539\nCash flows from investing activities\n \n\n\n\n\n\n\nCapitalexpenditures,netofconstructionpayable\n\n\n(270,579)\n\n(739,006)\n\n(1,486,843)\nDispositionsofpropertyandequipment\n\n\n6,136\n\n2,578\n\n25,612\nProceedsfromMandalayBayandMGMGrandLasVegastransaction\n\n\n2,455,839\n\n\n\n\nProceedsfromBellagiotransaction\n\n\n\n\n4,151,499\n\n\nProceedsfromsaleofCircusCircusLasVegasandadjacentland\n\n\n\n\n652,333\n\n\nProceedsfromsaleofbusinessunitsandinvestmentinunconsolidatedaffiliate\n\n\n\n\n\n\n163,616\nAcquisitionofNorthfield,netofcashacquired\n\n\n\n\n\n\n(1,034,534)\nAcquisitionofEmpireCityCasino,netofcashacquired\n\n\n\n\n(535,681)\n\n\nInvestmentsinunconsolidatedaffiliates\n\n\n(96,925)\n\n(81,877)\n\n(56,295)\nDistributionsfromunconsolidatedaffiliates\n\n\n63,960\n\n100,700\n\n322,631\nOther\n\n\n873\n\n(31,112)\n\n(17,208)\nNetcashprovidedby(usedin)investingactivities\n\n\n2,159,304\n\n3,519,434\n\n(2,083,021)\nCash flows from financing activities\n \n\n\n\n\n\n\nNetborrowings(repayments)underbankcreditfacilitiesmaturitiesof\n90daysorless\n\n\n(1,595,089)\n\n(3,634,049)\n\n1,242,259\nIssuanceoflong-termdebt\n\n\n3,550,000\n\n3,250,000\n\n1,000,000\nRetirementofseniornotes\n\n\n(846,815)\n\n(3,764,167)\n\n(2,265)\nDebtissuancecosts\n\n\n(62,348)\n\n(63,391)\n\n(76,519)\nProceedsfromissuanceofbridgeloanfacility\n\n\n1,304,625\n\n\n\n\nIssuanceofMGMGrowthPropertiesClassAshares,net\n\n\n524,704\n\n1,250,006\n\n\nDividendspaidtocommonshareholders\n\n\n(77,606)\n\n(271,288)\n\n(260,592)\nDistributionstononcontrollinginterestowners\n\n\n(286,385)\n\n(223,303)\n\n(184,932)\nPurchasesofcommonstock\n\n\n(353,720)\n\n(1,031,534)\n\n(1,283,333)\nOther\n\n\n(53,939)\n\n(41,868)\n\n(45,384)\nNetcashprovidedby(usedin)financingactivities\n\n\n2,103,427\n\n(4,529,594)\n\n389,234\nEffect of exchange rate on cash\n\n\n2,345\n\n2,601\n\n(1,985)\nCash and cash equivalents\n \n\n\n\n\n\n\nNetincreasefortheperiod\n\n\n2,772,033\n\n802,842\n\n26,767\nBalance,beginningofperiod\n\n\n2,329,604\n\n1,526,762\n\n1,499,995\nBalance,endofperiod\n\n$\n5,101,637\n$\n2,329,604\n$\n1,526,762\nSupplemental cash flow disclosures\n \n\n\n\n\n\n\nInterestpaid,netofamountscapitalized\n\n$\n639,718\n$\n826,970\n$\n723,609\nFederal,stateandforeignincometaxespaid(refundsreceived),net\n\n\n8,543\n\n28,493\n\n(10,100)\nNon-cash investing and financing activities\n \n\n\n\n\n\n\nNotereceivablerelatedtosaleofCircusCircusLasVegasandadjacentland\n\n$\n\n$\n133,689\n$\n\nInvestmentinBellagioBREITVenture\n\n\n\n\n62,133\n\n\nInvestmentinMGPBREITVenture\n\n\n802,000\n\n\n\n\nMGPBREITVentureassumptionofbridgeloanfacility\n\n\n1,304,625\n\n\n\n\n\n\nThe accompanying notes are an integral part of these consolidated financial statements.\n65\n\n\n MGM RESORTS INTERNATIONAL SUBSIDIARIES\n CONSOLIDATED STATEMENTS CASH FLOWS\n thousands) Year Ended December 31,\n 2020 2019\n 2018\n Cash flows from operating activities\n Netincome(loss)\n $ (1,319,907)\n $ 2,214,380\n $ 583,894\n Adjustmentstoreconcilenetincome(loss operatingactivities\n Depreciationandamortization 1,210,556\n 1,304,649\n 1,178,044\n Amortizationofdebtdiscounts,premiumsandissuancecosts 34,363\n 38,972\n 41,102\n Lossonearlyretirementofdebt 126,462\n 198,151\n 3,619\n Provisionforcreditlosses 71,422\n 39,270\n 39,762\n Stock-basedcompensation\n 106,956\n 88,838\n 70,177\n Propertytransactions,net\n 93,567\n 275,802\n 9,147\n GainonREITtransactions,net (1,491,945)\n (2,677,996)\n Noncashleaseexpense 183,399\n 71,784\n Loss(income)fromunconsolidatedaffiliates\n 60,366\n (57,225) (96,542) Distributionsfromunconsolidatedaffiliates 86,584\n 299 11,563\n Deferredincometaxes\n 18,347\n 595,046\n 46,720\n Changeinoperatingassetsandliabilities: Accountsreceivable 960,099\n (726,610) (149,554) Inventories 14,705\n 6,522 (7,860) Incometaxesreceivableandpayable,net (216,250)\n\n 1,259\n 14,120\n Prepaidexpensesandother 7,567 (8,656)\n Accountspayableandaccruedliabilities (1,382,980)\n 465,602\n 21,508\n (48,750)\n (35,909)\n (34,505)\n Netcashprovidedby(usedin)operatingactivities (1,493,043)\n 1,810,401\n 1,722,539\n Cash flows investing activities\n Capitalexpenditures,netofconstructionpayable (270,579)\n (739,006) (1,486,843)\n Dispositionsofpropertyandequipment 6,136\n 2,578 25,612\n ProceedsfromMandalayBayandMGMGrandLasVegastransaction 2,455,839\n ProceedsfromBellagiotransaction 4,151,499\n ProceedsfromsaleofCircusCircusLasVegasandadjacentland,333\n Proceedsfromsaleofbusinessunitsandinvestmentinunconsolidatedaffiliate 163,616\n AcquisitionofNorthfield,netofcashacquired (1,034,534)\n AcquisitionofEmpireCityCasino,netofcashacquired (535,681)\n Investmentsinunconsolidatedaffiliates\n (96,925)\n (81,877)\n (56,295)\n Distributionsfromunconsolidatedaffiliates\n 63,960\n 100,700\n 322,631\n 873 (31,112)\n (17,208)\n Netcashprovidedby(usedin)investingactivities\n 2,159,304\n 3,519,434\n (2,083,021)\n Cash flows financing activities\n Netborrowings(repayments)underbankcreditfacilitiesmaturitiesof90daysorless\n (1,595,089)\n (3,634,049)\n 1,242,259\n Issuanceoflong-termdebt\n 3,550,000\n 3,250,000\n 1,000,000 Retirementofseniornotes (846,815)\n (3,764,167)\n (2,265)\n Debtissuancecosts (62,348)\n (63,391)\n (76,519)\n Proceedsfromissuanceofbridgeloanfacility 1,304,625\n IssuanceofMGMGrowthPropertiesClassAshares 524,704 1,250,006\n Dividendspaidtocommonshareholders (77,606)\n (271,288)\n (260,592)\n Distributionstononcontrollinginterestowners (286,385)\n (223,303)\n (184,932)\n Purchasesofcommonstock (353,720)\n (1,031,534)\n (1,283,333)\n (53,939)\n (41,868)\n (45,384)\n Netcashprovidedby)financingactivities 2,103,427\n (4,529,594)\n,234\n Effect of exchange rate on cash\n 2,345 2,601 (1,985) Cash and cash equivalents\n Netincreasefortheperiod 2,772,033\n 802,842 26,767 Balance,beginningofperiod 2,329,604\n 1,526,762\n 1,499,995\n Balance,endofperiod 5,101,637\n 2,329,604\n 1,526,762\n Supplemental cash flow disclosures\n Interestpaid,netofamountscapitalized\n,718\n 826,970\n 723,609\n Federal,stateandforeignincometaxespaid(refundsreceived),net 8,543 28,493 (10,100)Non-cash investing financing activities\n NotereceivablerelatedtosaleofCircusCircusLasVegasandadjacentland $ $ 133,689\n $ InvestmentinBellagioBREITVenture\n 62,133\n InvestmentinMGPBREITVenture\n 802,000\n MGPBREITVentureassumptionofbridgeloanfacility 1,304,625\n accompanying notes are an integral part of these consolidated financial statements.\n 65"}
{"_id": "dd2acdc52", "title": "", "text": "Table of Contents\nThe Boeing Company and Subsidiaries\nConsolidated Statements of Financial Position \n(Dollarsinmillions,exceptpersharedata)\n\n \nDecember 31,\n2018\n\n2017\nAssets\n\n \nCash and cash equivalents\n$7,637\n\n$8,813\nShort-term and other investments\n927\n\n1,179\nAccounts receivable, net\n3,879\n\n2,894\nUnbilled receivables, net\n10,025\n\n8,194\nCurrent portion of customer financing, net\n460\n\n309\nInventories\n62,567\n\n61,388\nOther current assets\n2,335\n\n2,417\nTotal current assets\n87,830\n\n85,194\nCustomer financing, net\n2,418\n\n2,756\nProperty, plant and equipment, net\n12,645\n\n12,672\nGoodwill\n7,840\n\n5,559\nAcquired intangible assets, net\n3,429\n\n2,573\nDeferred income taxes\n284\n\n321\nInvestments\n1,087\n\n1,260\nOther assets, net of accumulated amortization of $503 and $482\n1,826\n\n2,027\nTotal assets\n$117,359\n\n$112,362\nLiabilities and equity\n\n \nAccounts payable\n$12,916\n\n$12,202\nAccrued liabilities\n14,808\n\n13,069\nAdvances and progress billings\n50,676\n\n48,042\nShort-term debt and current portion of long-term debt\n3,190\n\n1,335\nTotal current liabilities\n81,590\n\n74,648\nDeferred income taxes\n1,736\n\n2,188\nAccrued retiree health care\n4,584\n\n5,545\nAccrued pension plan liability, net\n15,323\n\n16,471\nOther long-term liabilities\n3,059\n\n2,015\nLong-term debt\n10,657\n\n9,782\nShareholders equity:\n\n \nCommon stock, par value $5.00 1,200,000,000 shares authorized; 1,012,261,159 shares issued\n5,061\n\n5,061\nAdditional paid-in capital\n6,768\n\n6,804\nTreasury stock, at cost\n(52,348) \n(43,454)\nRetained earnings\n55,941\n\n49,618\nAccumulated other comprehensive loss\n(15,083) \n(16,373)\nTotal shareholders equity\n339\n\n1,656\nNoncontrolling interests\n71\n\n57\nTotal equity\n410\n\n1,713\nTotal liabilities and equity\n$117,359\n\n$112,362\nSee Notes to the Consolidated Financial Statements on pages 54 113 .\n50\n\nContents\n Boeing Company Subsidiaries\n Consolidated Statements Financial Position\n (Dollarsinmillions December 31,\n 2018\n 2017\n Assets\n Cash equivalents\n $7,637\n $8,813\n Short-term investments\n 927\n 1,179\n Accounts receivable\n 3,879\n 2,894\n Unbilled receivables\n 10,025\n 8,194\n customer financing\n 460\n 309\n Inventories\n 62,567\n 61,388\n Other current assets\n 2,335\n 2,417\n Total assets\n 87,830\n 85,194\n Customer financing\n 2,418\n 2,756\n Property plant equipment\n 12,645\n 12,672\n Goodwill\n 5,559\n Acquired intangible assets\n 2,573\n Deferred income taxes\n 284\n 321\n Investments\n 1,087\n 1,260\n Other assets accumulated amortization $503 $482\n 1,826\n 2,027\n Total assets\n $117,359\n $112,362\n Liabilities equity\n Accounts payable\n $12,916\n $12,202\n Accrued liabilities\n 14,808\n 13,069\n Advances progress billings\n 50,676\n 48,042\n Short-term debt long-term debt\n 3,190\n 1,335\n Total current liabilities\n 81,590\n 74,648\n Deferred income taxes\n 1,736\n 2,188\n Accrued retiree health care\n 4,584\n 5,545\n pension plan liability\n 15,323\n 16,471\n Other long-term liabilities\n 2,015\n Long-term debt 10,657\n 9,782\n Shareholders equity\n Common stock value $5. 00 1,200,000,000 shares authorized 1,012,261,159 shares issued\n 5,061\n\n 5,061\n Additional paid-in capital\n 6,768\n Treasury stock cost\n (52,348)\n (43,454)\n Retained earnings\n 55,941\n 49,618\n Accumulated loss\n (15,083)\n (16,373)\n shareholders equity\n 339\n 1,656\n Noncontrolling interests\n 71\n 57\n equity\n 410\n 1,713\n liabilities equity\n $117,359\n $112,362\n Notes Consolidated Financial Statements pages 54 113.\n"}
{"_id": "dd2acf0f2", "title": "", "text": "The Boeing Company and Subsidiaries\nConsolidated Statements of Operations\n(Dollars in millions, except per share data)\n \n \n \nYears ended December 31,\n2022\n2021\n2020\nSales of products\n$55,893 \n$51,386 \n$47,142 \nSales of services\n10,715 \n10,900 \n11,016 \nTotal revenues\n66,608 \n62,286 \n58,158 \nCost of products\n(53,969)\n(49,954)\n(54,568)\nCost of services\n(9,109)\n(9,283)\n(9,232)\nBoeing Capital interest expense\n(28)\n(32)\n(43)\nTotal costs and expenses\n(63,106)\n(59,269)\n(63,843)\n3,502 \n3,017 \n(5,685)\n\nBoeing Company Subsidiaries\n Consolidated Statements Operations\n millions except share data\n ended December 31,\n 2022\n 2021\n 2020 Sales products\n $55,893\n $51,386\n $47,142\n Sales services\n 10,715\n 10,900\n 11,016\n Total revenues\n 66,608\n 62,286\n 58,158\n Cost products\n (53,969)\n (49,954)\n (54,568)\n services\n (9,109)\n (9,283)\n (9,232\n Boeing Capital interest expense\n (28) Total costs expenses\n (63,106)\n (59,269)\n (63,843)\n 3,502\n (5,685)"}
{"_id": "dd2ad8850", "title": "", "text": "45\nConsolidated Statements of Earnings\nGENERAL MILLS, INC. AND SUBSIDIARIES\n(In Millions, Except per Share Data)\nFiscal Year\n2022\n2021\n2020\nNet sales\n$\n18,992.8\n$\n18,127.0\n$\n17,626.6\nCost of sales\n12,590.6\n11,678.7\n11,496.7\nSelling, general, and administrative expenses\n3,147.0\n3,079.6\n3,151.6\nDivestitures (gain) loss\n(194.1)\n53.5\n-\nRestructuring, impairment, and other exit (recoveries) costs\n(26.5)\n170.4\n24.4\nOperating profit\n3,475.8\n3,144.8\n2,953.9\nBenefit plan non-service income\n(113.4)\n(132.9)\n(112.8)\nInterest, net\n379.6\n420.3\n466.5\nEarnings before income taxes and after-tax earnings from joint ventures\n3,209.6\n2,857.4\n2,600.2\nIncome taxes\n586.3\n629.1\n480.5\nAfter-tax earnings from joint ventures\n111.7\n117.7\n91.1\nNet earnings, including earnings attributable to redeemable and \n noncontrolling interests\n2,735.0\n2,346.0\n2,210.8\nNet earnings attributable to redeemable and noncontrolling interests\n27.7\n6.2\n29.6\nNet earnings attributable to General Mills\n$\n2,707.3\n$\n2,339.8\n$\n2,181.2\nEarnings per share basic\n$\n4.46\n$\n3.81\n$\n3.59\nEarnings per share diluted\n$\n4.42\n$\n3.78\n$\n3.56\nDividends per share\n$\n2.04\n$\n2.02\n$\n1.96\nSee accompanying notes to consolidated financial statements.\n\n45\n Consolidated Statements Earnings\n GENERAL MILLS INC. SUBSIDIARIES\n Millions Share Data\n Fiscal\n 2022\n 2021\n 2020\n Net sales\n $\n 18,992. 8\n $\n 18,127.\n 17,626. 6\n Cost sales\n 12,590. 6\n 11,678. 7\n 11,496.\n Selling general administrative expenses\n 3,147.\n. 6\n 3,151. 6\n Divestitures (gain loss\n (194. 1)\n 53. 5\n Restructuring impairment exit (recoveries costs\n (26. 5)\n 170. 4\n 24. 4\n Operating profit\n. 8\n 3,144. 8\n 2,953. 9\n Benefit plan non-service income\n (113. 4)\n (132. 9)\n (112. 8)\n Interest 379. 6\n 420. 3\n. 5\n Earnings before taxes after-tax earnings joint ventures\n 3,209. 6\n 2,857. 4\n 2,600.\n Income taxes\n 586. 3\n 629. 1\n 480. 5\n After-tax earnings joint ventures\n 111. 7\n 117.\n 91. 1\n Net earnings attributable redeemable\n noncontrolling interests\n 2,735.\n 2,346.\n 2,210. 8\n earnings attributable redeemable noncontrolling interests\n 27. 7\n 6. 2\n 29. 6\n earnings attributable General Mills\n $ 2,707. 3\n 2,339. 8\n 2,181. 2\n Earnings share basic\n $ 4. 46\n 3. 81\n 3. 59\n Earnings share diluted\n 4. 42\n 3. 78\n 3. 56\n Dividends share\n 2. 04\n 2. 02\n 1. 96\n notes consolidated financial statements."}
{"_id": "dd2aced14", "title": "", "text": "Multiple legal actions have been filed against us as a result of the October 29, 2018 accident of Lion Air Flight 610 and the March 10, 2019\naccident of Ethiopian Airlines Flight 302.\n\nMultiple legal actions filed against us result of October 29, 2018 accident Lion Air Flight 610 March 10, 2019\n accident of Ethiopian Airlines Flight 302."}
{"_id": "dd2b137de", "title": "", "text": "Consolidated Operating Revenues \n(dollars in millions) \nIncrease/(Decrease) \nYears Ended December 31,\n2022\n2021 \n2022 vs. 2021 \nConsumer\n$ 103,506 \n$ 95,300 $ \n8,206 \n 8.6 % \nBusiness\n31,072 \n31,042 \n30 \n 0.1 \nCorporate and other\n2,510 \n7,722 \n(5,212) \n (67.5) \nEliminations\n(253)\n(451)\n198 \n 43.9 \nConsolidated Operating Revenues\n$ 136,835 \n$ 133,613 $ \n3,222 \n 2.4\n\nConsolidated Operating Revenues\n (dollars millions\n Increase\n Ended December 31,\n 2022\n 2021\n.\n Consumer\n $ 103,506\n 95,300 $\n 8,206\n. 6 %\n Business\n 31,072\n 31,042\n 30\n.\n Corporate\n 2,510\n 7,722\n (5,212)\n (67.\n Eliminations\n (253)\n (451)\n 198\n 43.\n Consolidated Operating Revenues\n $ 136,835\n $ 133,613 $\n 3,222\n."}
{"_id": "dd2ac45e4", "title": "", "text": "Net card fees increased 17 percent year over-year, as new card acquisitions reached record levels in 2022 and Card Member\nretention remained high, demonstrating the impact of investments we have made in our premium value propositions\n\nNet card fees increased 17 percent year over-year new card acquisitions reached record levels 2022 Card Member\n retention remained high demonstrating impact of investments in premium value propositions"}
{"_id": "dd2b16ef2", "title": "", "text": "WalmartInc.\nConsolidatedStatementsofIncome\n \n \nFiscalYearsEndedJanuary31,\n(Amounts in millions, except per share data)\n \n2019\n \n2018\n \n2017\nRevenues:\n \n \n \nNet sales\n $\n510,329\n $\n495,761\n $\n481,317\nMembership and other income\n \n4,076\n \n4,582\n \n4,556\nTotal revenues\n \n514,405\n \n500,343\n \n485,873\nCostsandexpenses:\n \n \n \nCost of sales\n \n385,301\n \n373,396\n \n361,256\nOperating, selling, general and administrative expenses\n \n107,147\n \n106,510\n \n101,853\nOperatingincome\n \n21,957\n \n20,437\n \n22,764\nInterest:\n \n \n \nDebt\n \n1,975\n \n1,978\n \n2,044\nCapital lease and financing obligations\n \n371\n \n352\n \n323\nInterest income\n \n(217) \n(152) \n(100)\nInterest, net\n \n2,129\n \n2,178\n \n2,267\nLoss on extinguishment of debt\n \n\n \n3,136\n \n\nOther (gains) and losses\n \n8,368\n \n\n \n\nIncomebeforeincometaxes\n \n11,460\n \n15,123\n \n20,497\nProvision for income taxes\n \n4,281\n \n4,600\n \n6,204\nConsolidatednetincome\n \n7,179\n \n10,523\n \n14,293\nConsolidatednetincomeattributabletononcontrollinginterest\n \n(509) \n(661) \n(650)\nConsolidatednetincomeattributabletoWalmart\n $\n6,670\n $\n9,862\n $\n13,643\n \n \n \n \nNetincomepercommonshare:\n \n \n \nBasicnetincomepercommonshareattributabletoWalmart\n $\n2.28\n $\n3.29\n $\n4.40\nDilutednetincomepercommonshareattributabletoWalmart\n \n2.26\n \n3.28\n \n4.38\n \n \n \n \nWeighted-averagecommonsharesoutstanding:\n \n \n \nBasic\n \n2,929\n \n2,995\n \n3,101\nDiluted\n \n2,945\n \n3,010\n \n3,112\n \n \n \n \nDividendsdeclaredpercommonshare\n $\n2.08\n $\n2.04\n $\n2.00\nSee accompanying notes.\n48\n\nWalmartInc.\n ConsolidatedStatementsofIncome\n FiscalYearsEndedJanuary31,\n (Amounts millions share data)\n 2019\n 2018 2017\n Revenues\n Net sales $ 510,329\n $ 495,761\n $,317\n Membership income\n 4,076\n 4,582\n 4,556\n Total revenues\n 514,405\n 500,343\n 485,873\n Costsandexpenses\n Cost sales\n,301\n 373,396\n,256\n Operating selling general administrative expenses\n 107,147\n 106,510\n 101,853\n Operatingincome\n 21,957\n 20,437\n 22,764\n Interest:\n Debt 1,975\n 1,978\n 2,044\n Capital lease financing obligations\n 352\n 323\n Interest income\n (217)\n (152)\n (100) Interest net 2,129\n 2,178\n 2,267\n Loss extinguishment debt\n 3,136\n (gains) losses\n 8,368\n Incomebeforeincometaxes\n 11,460\n 15,123\n 20,497\n Provision income taxes\n 4,281\n 4,600\n 6,204\n Consolidatednetincome\n 7,179\n 10,523\n 14,293\n Consolidatednetincomeattributabletononcontrollinginterest\n (509) (661)\n (650) ConsolidatednetincomeattributabletoWalmart\n $ 6,670\n $ $ 13,643\n Netincomepercommonshare\n BasicnetincomepercommonshareattributabletoWalmart\n $ 2. 28\n $ 3. 29\n $ 4. 40\n DilutednetincomepercommonshareattributabletoWalmart\n 2. 26\n3. 28\n 4. 38\n Weighted-averagecommonsharesoutstanding\n Basic 2,929\n 2,995\n 3,101\n Diluted 2,945\n 3,010\n 3,112\n Dividendsdeclaredpercommonshare\n $ 2. 08\n $ 2. 04\n 2.\n accompanying notes.\n 48"}
{"_id": "dd2ada466", "title": "", "text": "JOHNSON & JOHNSON AND SUBSIDIARIES\nCONSOLIDATED STATEMENTS OF EARNINGS\n(Dollars and Shares in Millions Except Per Share Amounts) (Note 1)\n2022\n2021\n2020\nSales to customers\n$\n94,943 \n93,775 \n82,584 \nCost of products sold\n31,089 \n29,855 \n28,427\n\nJOHNSON & JOHNSON SUBSIDIARIES\n CONSOLIDATED STATEMENTS\n (Dollars Shares Millions Share Amounts 1)\n 2022\n 2021\n 2020\n Sales customers\n $\n 94,943\n 93,775\n 82,584\n Cost products sold\n 31,089\n 29,855\n 28,427"}
{"_id": "dd2ae4f06", "title": "", "text": ". We maintained an annual\ndividend of $0.01 per share throughout 2022.\n\n. maintained annual\n dividend $0. 01 per share throughout 2022."}
{"_id": "dd2adc054", "title": "", "text": "Johnson & Johnson and Subsidiaries\n \nCondensed Consolidated Statement of Earnings \n \n(Unaudited; in Millions Except Per Share Figures)\nPercent\nPercent\nPercent\nIncrease\nAmount\nto Sales\nAmount\nto Sales\n(Decrease)\nSales to customers\n25,530\n$ \n 100.0\n24,020\n$ \n 100.0\n6.3\nCost of products sold\n 8,212\n32.2\n \n7,919\n \n33.0\n \n3.7\nGross Profit\n17,318\n \n67.8\n \n16,101\n \n67.0\n \n7.6\nSelling, marketing and administrative expenses\n 6,665\n26.1\n \n6,226\n \n25.9\n \n7.1\nResearch and development expense\n 3,829\n15.0\n \n3,703\n \n15.4\n \n3.4\nInterest (income) expense, net\n(23)\n \n (0.1)\n(26)\n \n (0.1)\n \nOther (income) expense, net*\n(60)\n \n (0.2)\n273\n \n1.1\n \n \nRestructuring\n 145\n0.5\n \n85\n \n0.4\n \n \nEarnings before provision for taxes on income\n 6,762\n26.5\n \n5,840\n \n24.3\n \n15.8\nProvision for taxes on income\n 1,618\n6.4\n \n1,026\n \n4.3\n \n57.7\nNet earnings\n5,144\n$ \n20.1\n \n4,814\n$ \n20.0\n \n6.9\n\nJohnson Johnson Subsidiaries\n Condensed Consolidated Statement Earnings\n (Unaudited Millions Share Figures)\n Percent\n Percent Increase\n Amount\n Sales\n Sales (Decrease)\n Sales customers\n 25,530\n $\n 100. 0\n 24,020\n $ 100.\n 6. 3\n Cost products sold\n 8,212\n 32. 2\n 33. 0\n 3. 7\n Profit\n 17,318\n 67. 8\n 16,101\n 67. 0\n 7. 6\n Selling marketing administrative expenses\n 6,665\n 26. 1\n 6,226\n 25. 9\n 7. 1\n Research development expense\n 3,829\n 15. 0\n 3,703\n 15. 4\n 3. 4\n Interest (income) expense net\n (23) (0. 1)\n (26) (0. 1)\n (income) expense net*\n (60). 2)\n 273\n 1. 1\n Restructuring\n 145\n 0. 5\n 85\n 0. 4\n Earnings provision taxes income\n 6,762\n 26. 5\n 24. 3\n 15. 8\n Provision taxes income\n 1,618\n 6. 4\n 1,026\n 4. 3\n 57. 7\n earnings\n 5,144\n $ 20. 1\n $\n 20. 0\n 6. 9"}
{"_id": "dd2ac23fc", "title": "", "text": "Consolidated Balance Sheets\n \nDecember 31,\n2022\nDecember 25,\n2021\n \n(In millions, except par value amounts)\nASSETS\nCurrent assets:\nCash and cash equivalents\n$\n4,835 \n$\n2,535 \nShort-term investments\n1,020 \n1,073 \nAccounts receivable, net\n4,126 \n2,706 \nInventories\n3,771 \n1,955 \nReceivables from related parties\n2 \n2 \nPrepaid expenses and other current assets\n1,265 \n312 \nTotal current assets\n15,019 \n8,583 \nProperty and equipment, net\n1,513 \n702 \nOperating lease right-of-use assets\n460 \n367 \nGoodwill\n24,177 \n289 \nAcquisition-related intangibles\n24,118 \n \nInvestment: equity method\n83 \n69 \nDeferred tax assets\n58 \n931 \nOther non-current assets\n2,152 \n1,478 \nTotal assets\n$\n67,580 \n$\n12,419 \nLIABILITIES AND STOCKHOLDERS EQUITY\nCurrent liabilities:\nAccounts payable\n$\n2,493 \n$\n1,321 \nPayables to related parties\n463 \n85 \nAccrued liabilities\n3,077 \n2,424 \nCurrent portion of long-term debt, net\n \n312 \nOther current liabilities\n336 \n98 \nTotal current liabilities\n6,369 \n4,240 \nLong-term debt, net of current portion\n2,467 \n1 \nLong-term operating lease liabilities\n396 \n348 \nDeferred tax liabilities\n1,934 \n12 \nOther long-term liabilities\n1,664 \n321 \nCommitments and Contingencies (see Notes 16 and 17)\nStockholders equity:\nCapital stock:\nCommon stock, par value $0.01; shares authorized: 2,250; shares issued: 1,645 and 1,232; shares\noutstanding: 1,612 and 1,207\n16 \n12 \nAdditional paid-in capital\n58,005 \n11,069 \nTreasury stock, at cost (shares held: 33 and 25)\n(3,099)\n(2,130)\nAccumulated deficit\n(131)\n(1,451)\nAccumulated other comprehensive loss\n(41)\n(3)\nTotal stockholders equity\n54,750 \n7,497 \nTotal liabilities and stockholders equity\n$\n67,580 \n$\n12,419\n\nConsolidated Balance Sheets\n December 31,\n 2022\n December 25,\n 2021\n millions except value amounts\n Current assets\n Cash cash equivalents\n 4,835\n 2,535\n Short-term investments\n 1,020\n 1,073\n Accounts receivable\n 4,126\n 2,706\n Inventories\n 3,771\n 1,955\n Receivables related parties\n 2\n Prepaid expenses current assets\n 1,265\n 312\n Total current assets\n 15,019\n 8,583\n Property equipment\n 1,513\n 702\n Operating lease right-of-use assets\n 460\n 367\n Goodwill\n 24,177\n Acquisition-related intangibles\n 24,118\n Investment equity method\n 83\n 69\n Deferred tax assets\n 58\n 931\n non assets\n 2,152\n 1,478\n Total assets\n 67,580\n 12,419\n LIABILITIES EQUITY\n Current liabilities\n Accounts payable\n $ 2,493\n 1,321\n Payables related parties\n 463\n Accrued liabilities\n 2,424\n Current long-term debt\n 312\n Other current liabilities\n 336\n Total current liabilities\n 6,369\n 4,240\n Long-term debt current portion\n 2,467\n Long-term operating lease liabilities\n 396\n 348\n Deferred tax liabilities\n 1,934\n Other long liabilities\n 1,664\n 321\n Commitments Contingencies Notes 16 17\n Stockholders equity\n Capital stock\n Common stock par value $0. 01 shares authorized 2,250 issued 1,645 1,232\n outstanding 1,612 1,207\n Additional paid-in capital\n 58,005\n 11,069\n Treasury stock (shares held 33 25)\n (3,099)\n (2,130\n Accumulated deficit\n(131)\n (1,451)\n Accumulated comprehensive loss\n (41) Total stockholders equity\n 54,750\n 7,497\n liabilities stockholders equity\n $ 67,580\n 12,419"}
{"_id": "dd2ad88d2", "title": "", "text": "49\nConsolidated Statements of Cash Flows\nGENERAL MILLS, INC. AND SUBSIDIARIES\n(In Millions)\nFiscal Year\n2022\n2021 \n2020 \nCash Flows - Operating Activities\nNet earnings, including earnings attributable to redeemable and noncontrolling interests\n$\n2,735.0\n$\n2,346.0\n$\n2,210.8\nAdjustments to reconcile net earnings to net cash provided by operating activities:\nDepreciation and amortization\n570.3\n601.3\n594.7\nAfter-tax earnings from joint ventures\n(111.7)\n(117.7)\n(91.1)\nDistributions of earnings from joint ventures\n107.5\n95.2\n76.5\nStock-based compensation\n98.7\n89.9\n94.9\nDeferred income taxes\n62.2\n118.8\n(29.6)\nPension and other postretirement benefit plan contributions\n(31.3)\n(33.4)\n(31.1)\nPension and other postretirement benefit plan costs\n(30.1)\n(33.6)\n(32.3)\nDivestitures (gain) loss\n(194.1)\n53.5\n-\nRestructuring, impairment, and other exit (recoveries) costs\n(117.1)\n150.9\n43.6\nChanges in current assets and liabilities, excluding the effects of acquisition and divestitures\n277.4\n(155.9)\n793.9\nOther, net\n(50.7)\n(131.8)\n45.9\nNet cash provided by operating activities\n3,316.1\n2,983.2\n3,676.2\nCash Flows - Investing Activities\nPurchases of land, buildings, and equipment\n(568.7)\n(530.8)\n(460.8)\nAcquisition\n(1,201.3)\n-\n-\nInvestments in affiliates, net\n15.4\n15.5\n(48.0)\nProceeds from disposal of land, buildings, and equipment\n3.3\n2.7\n1.7\nProceeds from divestitures, net of cash divested\n74.1\n2.9\n-\nOther, net\n(13.5)\n(3.1)\n20.9\nNet cash used by investing activities\n(1,690.7)\n(512.8)\n(486.2)\nCash Flows - Financing Activities\nChange in notes payable\n551.4\n71.7\n(1,158.6)\nIssuance of long-term debt\n2,203.7\n1,576.5\n1,638.1\nPayment of long-term debt\n(3,140.9)\n(2,609.0)\n(1,396.7)\nDebt exchange participation incentive cash payment\n-\n(201.4)\n-\nProceeds from common stock issued on exercised options\n161.7\n74.3\n263.4\nPurchases of common stock for treasury\n(876.8)\n(301.4)\n(3.4)\nDividends paid\n(1,244.5)\n(1,246.4)\n(1,195.8)\nDistributions to noncontrolling and redeemable interest holders\n(129.8)\n(48.9)\n(72.5)\nOther, net\n(28.0)\n(30.9)\n(16.0)\nNet cash used by financing activities\n(2,503.2)\n(2,715.5)\n(1,941.5)\nEffect of exchange rate changes on cash and cash equivalents\n(58.0)\n72.5\n(20.7)\n(Decrease) increase in cash and cash equivalents\n(935.8)\n(172.6)\n1,227.8\nCash and cash equivalents - beginning of year\n1,505.2\n1,677.8\n450.0\nCash and cash equivalents - end of year\n$\n569.4\n$\n1,505.2\n$\n1,677.8\nCash flow from changes in current assets and liabilities, excluding the effects of acquisition and\n divestitures:\nReceivables\n$\n(166.3)\n$\n27.9\n$\n37.9\nInventories\n(85.8)\n(354.7)\n103.1\nPrepaid expenses and other current assets\n(35.3)\n(42.7)\n94.2\nAccounts payable\n456.7\n343.1\n392.5\nOther current liabilities\n108.1\n(129.5)\n166.2\nChanges in current assets and liabilities\n$\n277.4\n$\n(155.9)\n$\n793.9\nSee accompanying notes to consolidated financial statements.\n\n\n Consolidated Statements Cash Flows\n GENERAL MILLS INC. SUBSIDIARIES\n Millions)\n Fiscal Year\n 2022\n 2021\n 2020\n Cash Flows Operating Activities\n Net earnings redeemable noncontrolling interests\n $\n 2,735. 0\n $\n 2,346. 0\n $\n 2,210. 8\n Adjustments reconcile net earnings cash operating activities\n Depreciation amortization\n 570. 3\n. 3\n. 7\n After-tax earnings joint ventures\n (111. 7)\n (117.\n (91.\n Distributions earnings joint ventures\n 107. 5\n 95. 2\n 76. 5\n Stock-based compensation\n 98. 7\n 89. 9\n 94. 9\n Deferred income taxes\n 62. 2\n 118. 8\n (29. 6)\n Pension postretirement benefit plan contributions\n (31. 3)\n (33. 4)\n.\n Pension postretirement benefit plan costs\n (30.\n (33. 6)\n (32.\n Divestitures (gain loss\n (194. 1)\n 53. 5\n Restructuring impairment exit (recoveries) costs\n (117. 1)\n 150. 9\n 43. 6\n Changes current assets liabilities excluding effects divestitures\n 277. 4\n (155. 9)\n 793. 9\n Other net\n (50. 7)\n (131. 8)\n 45. 9\n Net cash operating activities\n 3,316. 1\n 2,983. 2\n 3,676. 2\n Cash Flows Investing Activities\n Purchases land buildings equipment\n (568. 7)\n (530. 8)\n (460.\n Acquisition\n (1,201. 3)\n Investments affiliates net\n 15. 4\n 15. 5\n (48.\n Proceeds from disposal land buildings equipment\n 3.\n. 7\n.\n Proceeds divestitures cash divested\n 74. 1\n 2.9\n (13. 5)\n (3. 1)\n 20. 9\n cash used investing activities\n (1,690. 7)\n (512. 8)\n (486. 2)\n Cash Flows Financing Activities\n Change notes payable\n. 4\n 71. 7\n (1,158. 6)\n long-term debt\n 2,203. 7\n 1,576. 5\n 1,638. 1\n Payment long-term debt\n (3,140. 9)\n (2,609.\n (1,396.\n Debt exchange participation incentive cash payment\n (201. 4)\n Proceeds common stock issued options\n 161. 7\n 74. 3\n 263. 4\n Purchases common stock treasury\n (876. 8)\n (301. 4)\n (3.\n Dividends paid\n (1,244. 5)\n (1,246. 4)\n (1,195. 8)\n Distributions noncontrolling redeemable interest holders\n (129. 8)\n (48. 9)\n (72. 5)\n (28. 0)\n (30. 9)\n (16.\n cash used financing activities\n (2,503. 2)\n (2,715. 5)\n (1,941.\n Effect exchange rate changes cash equivalents\n (58. 0)\n 72. 5\n (20. 7)\n increase cash equivalents\n (935. 8)\n (172. 6)\n 1,227. 8\n Cash cash equivalents beginning year\n 1,505. 2\n 1,677. 8\n 450.\n Cash cash equivalents end of year\n 569. 4\n 1,505. 2\n 1,677. 8\n Cash flow changes current assets liabilities effects\n divestitures\n Receivables\n (166. 3)\n 27. 9\n 37. 9\n Inventories\n (85. 8)\n (354. 7)\n 103. 1\n Prepaid expenses current assets\n (35. 3)\n (42. 7)\n 94. 2\n Accounts payable\n. 7\n 343. 1\n. 5\ncurrent liabilities\n 108. 1\n (129. 5)\n 166. 2\n Changes current assets liabilities\n $\n 277. 4\n $ (155. 9)\n $\n 793.\n consolidated financial statements."}
{"_id": "dd2aed41c", "title": "", "text": "Table of Contents\nNIKE, INC.\nCONSOLIDATED BALANCE SHEETS\n \nMAY 31,\n(Dollars in millions)\n2019\n2018\nASSETS\n \n \nCurrent assets:\n \n \nCash and equivalents\n$\n4,466\n$\n4,249\nShort-term investments\n197\n996\nAccounts receivable, net\n4,272\n3,498\nInventories\n5,622\n5,261\nPrepaid expenses and other current assets\n1,968\n1,130\nTotal current assets\n16,525\n15,134\nProperty, plant and equipment, net\n4,744\n4,454\nIdentifiable intangible assets, net\n283\n285\nGoodwill\n154\n154\nDeferred income taxes and other assets\n2,011\n2,509\nTOTAL ASSETS\n$\n23,717\n$\n22,536\nLIABILITIES AND SHAREHOLDERS' EQUITY\n \n \nCurrent liabilities:\n \n \nCurrent portion of long-term debt\n$\n6\n$\n6\nNotes payable\n9\n336\nAccounts payable\n2,612\n2,279\nAccrued liabilities\n5,010\n3,269\nIncome taxes payable\n229\n150\nTotal current liabilities\n7,866\n6,040\nLong-term debt\n3,464\n3,468\nDeferred income taxes and other liabilities\n3,347\n3,216\nCommitments and contingencies (Note 18)\nRedeemable preferred stock\n\n\nShareholders' equity:\n \n \nCommon stock at stated value:\n \n \nClass A convertible 315 and 329 shares outstanding\n\n\nClass B 1,253 and 1,272 shares outstanding\n3\n3\nCapital in excess of stated value\n7,163\n6,384\nAccumulated other comprehensive income (loss)\n231\n(92)\nRetained earnings\n1,643\n3,517\nTotal shareholders' equity\n9,040\n9,812\nTOTAL LIABILITIES AND SHAREHOLDERS' EQUITY\n$\n23,717\n$\n22,536\nThe accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.\n52 NIKE, INC.\n\nTable Contents\n NIKE.\n CONSOLIDATED BALANCE\n MAY 31,\n (Dollars millions\n 2019\n 2018\n ASSETS Current assets\n Cash equivalents\n 4,466\n 4,249\n Short-term investments\n 197\n 996 Accounts receivable\n 4,272\n 3,498\n Inventories\n 5,622\n 5,261\n Prepaid expenses current assets\n 1,968\n 1,130\n Total current assets\n 16,525\n 15,134\n Property plant equipment net\n 4,744\n 4,454\n Identifiable intangible assets\n 283\n 285 Goodwill\n 154\n 154 Deferred income taxes assets\n 2,011\n 2,509\n TOTAL\n 23,717\n 22,536\n LIABILITIES SHAREHOLDERS' EQUITY\n Current liabilities\n long-term debt\n 6 Notes payable\n 9 336\n Accounts payable\n 2,612\n 2,279\n Accrued liabilities\n 5,010\n 3,269\n Income taxes payable\n 229\n 150 Total current liabilities\n 7,866\n Long-term debt\n 3,464\n 3,468\n Deferred income taxes other liabilities\n 3,347\n 3,216\n Commitments contingencies (Note 18)\n Redeemable preferred stock\n Shareholders' equity\n Common stock stated value\n Class A convertible 315 329 shares outstanding\n Class B 1,253 1,272 shares outstanding\n Capital excess stated value\n 7,163\n 6,384\n Accumulated other comprehensive income (loss\n 231\n Retained earnings\n 1,643\n 3,517\n Total shareholders' equity\n 9,040\n TOTAL LIABILITIES SHAREHOLDERS' EQUITY\n 23,717\n 22,536\naccompanying Notes to Consolidated Financial Statements integral part of statement.\n 52 NIKE, INC."}
{"_id": "dd2ae5e24", "title": "", "text": "dited) \n \nThree months ended \n \nTwelve months ended \n \nDecember 31, \n2022 \n \nDecember 31, \n2021 \n \nDecember 31, \n2022 \n \nDecember 31, \n2021 \nLas Vegas Strip Resorts \n$ \n877,052 $ \n698,739 $ \n3,142,308 $ \n1,738,211 \nRegional Operations \n \n319,517 \n309,250 \n1,294,630 \n1,217,814 \nMGM China \n \n(54,979) \n5,015 \n(203,136) \n25,367 \nUnconsolidated affiliates(1) \n \n(43,029) \n(49,698) \n(222,079) \n(131,590) \nManagement and other operations \n \n(3,037) \n2,087 \n \n(11,934) \n15,766 \nStock compensation \n \n(25,159) \n(26,494) \n(71,297) \n(63,984) \nCorporate(2) \n \n(113,058) \n(117,491) \n(431,238) \n(380,501) \n \n$ \n957,307 \n $ \n3,497,254\n\n\n Three months\n Twelve months\n December 31,\n 2022\n 31, 2021 2021 Las Vegas Strip Resorts\n,052 $\n,739 $\n 3,142,308 $\n 1,738,211\n Regional Operations\n 319,517\n 309,250\n 1,294,630\n 1,217,814\n MGM China\n (54,979)\n 5,015\n (203,136)\n 25,367\n Unconsolidated affiliates(1)\n (43,029)\n (49,698)\n (222,079)\n (131,590)\n Management operations\n (3,037)\n 2,087\n (11,934)\n 15,766\n Stock compensation\n (25,159)\n (26,494)\n (71,297)\n (63,984)\n (113,058)\n (117,491)\n (431,238)\n (380,501)\n 957,307\n 3,497,254"}
{"_id": "dd2ad05a6", "title": "", "text": "THE COCA-COLA COMPANY AND SUBSIDIARIES\nCONSOLIDATED STATEMENTS OF INCOME\nYear Ended December 31,\n2017\n \n2016\n \n2015\n(In millions except per share data)\n \n \nNET OPERATING REVENUES\n$\n35,410\n $\n41,863\n $\n44,294\nCost of goods sold\n13,256\n \n16,465\n \n17,482\nGROSS PROFIT\n22,154\n \n25,398\n \n26,812\nSelling, general and administrative expenses\n12,496\n \n15,262\n \n16,427\nOther operating charges\n2,157\n \n1,510\n \n1,657\nOPERATING INCOME\n7,501\n \n8,626\n \n8,728\nInterest income\n677\n \n642\n \n613\nInterest expense\n841\n \n733\n \n856\nEquity income (loss) net\n1,071\n \n835\n \n489\nOther income (loss) net\n(1,666) \n(1,234) \n631\nINCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES\n6,742\n \n8,136\n \n9,605\nIncome taxes from continuing operations\n5,560\n \n1,586\n \n2,239\nNET INCOME FROM CONTINUING OPERATIONS\n1,182\n \n6,550\n \n7,366\nIncome from discontinued operations (net of income taxes of $47, $0 and $0, respectively)\n101\n \n\n \n\nCONSOLIDATED NET INCOME\n1,283\n \n6,550\n \n7,366\nLess: Net income attributable to noncontrolling interests\n35\n \n23\n \n15\nNET INCOME ATTRIBUTABLE TO SHAREOWNERS OF\n THE COCA-COLA COMPANY\n$\n1,248\n $\n6,527\n $\n7,351\n \n \n \n \nBasic net income per share from continuing operations1\n$\n0.28\n $\n1.51\n $\n1.69\nBasic net income per share from discontinued operations2\n0.02\n \n\n \n\nBASIC NET INCOME PER SHARE\n$\n0.29\n3 $\n1.51\n $\n1.69\nDiluted net income per share from continuing operations1\n$\n0.27\n $\n1.49\n $\n1.67\nDiluted net income per share from discontinued operations2\n0.02\n \n\n \n\nDILUTED NET INCOME PER SHARE\n$\n0.29\n $\n1.49\n $\n1.67\nAVERAGE SHARES OUTSTANDING BASIC\n4,272\n \n4,317\n \n4,352\nEffect of dilutive securities\n52\n \n50\n \n53\nAVERAGE SHARES OUTSTANDING DILUTED\n4,324\n \n4,367\n \n4,405\n1 Calculated based on net income from continuing operations less net income from continuing operations attributable to noncontrolling\ninterests.\n2 Calculated based on net income from discontinued operations less net income from discontinued operations attributable to noncontrolling\ninterests.\n3 Per share amounts do not add due to\nrounding.\nRefer to Notes to Consolidated Financial Statements.\n72\n\nCOCA-COLA COMPANY SUBSIDIARIES\n CONSOLIDATED STATEMENTS INCOME\n Year Ended December 31,\n 2017\n 2016\n 2015\n millions share data\n NET OPERATING REVENUES\n $\n 35,410\n $ 41,863\n $ 44,294\n Cost goods sold\n 13,256\n 16,465\n 17,482\n GROSS PROFIT\n 22,154\n 25,398\n 26,812\n Selling general administrative expenses\n 12,496\n 15,262\n 16,427\n Other operating charges\n 2,157\n 1,510\n 1,657\n OPERATING INCOME\n 7,501\n 8,626\n 8,728\n Interest income\n 677\n 642\n 613\n Interest expense\n 841\n 733\n 856\n Equity income (loss net\n 1,071\n 835\n 489\n Other income (loss net\n (1,666)\n (1,234)\n 631\n INCOME FROM OPERATIONS BEFORE INCOME TAXES\n 6,742\n 8,136\n 9,605\n Income taxes continuing operations\n 5,560\n 1,586\n 2,239\n NET INCOME OPERATIONS\n 1,182\n 6,550\n 7,366\n Income discontinued operations income taxes $47, $0 $0\n 101 CONSOLIDATED INCOME\n 1,283\n 6,550\n 7,366\n Less Net income noncontrolling interests\n 35\n 23\n 15\n NET INCOME SHAREOWNERS\n COCA-COLA COMPANY\n $ 1,248\n 6,527\n $ 7,351\n Basic net income per share continuing operations1\n 0. 28\n. 51\n. 69\n Basic net income share discontinued operations2\n. 02\n BASIC INCOME PER SHARE\n $ 0.29\n 3 $\n 1. 51\n $\n 1. 69\n Diluted net income per share continuing operations1\n $\n 0. 27\n $\n 1. 49\n $\n 1. 67\n Diluted net income per share discontinued operations2\n 0. 02\n DILUTED NET INCOME PER SHARE\n $\n 0. 29\n $\n 1. 49\n $\n 1. 67\n AVERAGE SHARES BASIC\n 4,272\n 4,317\n 4,352\n dilutive securities\n 52\n 50\n 53\n AVERAGE SHARES DILUTED\n 4,324\n 4,367\n 4,405\n 1 Calculated based net income continuing operations less noncontrolling\n interests.\n 2 Calculated net income discontinued operations noncontrolling\n interests.\n 3 Per share amounts do not add due\n rounding.\n Refer Notes to Consolidated Financial Statements.\n 72"}
{"_id": "dd2ad7388", "title": "", "text": "Table of Contents\nConsolidated Statements of Earnings\nGENERAL MILLS, INC. AND SUBSIDIARIES\n(In Millions, Except per Share Data)\n \n \n \nFiscal Year\n \n \n \n2019\n \n2018\n \n2017\n \nNet sales\n \n $ 16,865.2 \n $ 15,740.4 \n $ 15,619.8 \nCost of sales\n \n \n11,108.4 \n \n10,304.8 \n \n10,052.0 \nSelling, general, and administrative expenses\n \n \n2,935.8 \n \n2,850.1 \n \n2,888.8 \nDivestitures loss\n \n \n30.0 \n \n- \n \n6.5 \nRestructuring, impairment, and other exit costs\n \n \n275.1 \n \n165.6 \n \n180.4 \n \n \n \n \n \n \n \n \n \n \n \n \nOperating profit\n \n \n2,515.9 \n \n2,419.9 \n \n2,492.1 \nBenefit plan non-service income\n \n \n(87.9) \n \n(89.4) \n \n(74.3) \nInterest, net\n \n \n521.8 \n \n373.7 \n \n295.1 \n \n \n \n \n \n \n \n \n \n \n \n \nEarnings before income taxes and after-tax earnings from joint ventures\n \n \n2,082.0 \n \n2,135.6 \n \n2,271.3 \nIncome taxes\n \n \n367.8 \n \n57.3 \n \n655.2 \nAfter-tax earnings from joint ventures\n \n \n72.0 \n \n84.7 \n \n85.0 \n \n \n \n \n \n \n \n \n \n \n \n \nNet earnings, including earnings attributable to redeemable and noncontrolling\ninterests\n \n \n1,786.2 \n \n2,163.0 \n \n1,701.1 \nNet earnings attributable to redeemable and noncontrolling interests\n \n \n33.5 \n \n32.0 \n \n43.6 \n \n \n \n \n \n \n \n \n \n \n \n \nNet earnings attributable to General Mills\n \n $\n1,752.7 \n $\n2,131.0 \n $\n1,657.5 \n \n \n \n \n \n \n \n \n \n \n \n \nEarnings per share - basic\n \n $\n2.92 \n $\n3.69 \n $\n2.82 \n \n \n \n \n \n \n \n \n \n \n \n \nEarnings per share - diluted\n \n $\n2.90 \n $\n3.64 \n $\n2.77 \n \n \n \n \n \n \n \n \n \n \n \n \nDividends per share\n \n $\n1.96 \n $\n1.96 \n $\n1.92 \n \n \n \n \n \n \n \n \n \n \n \n \nSee accompanying notes to consolidated financial statements.\n \n53\n\nTable Contents\n Consolidated Statements Earnings\n GENERAL MILLS INC. SUBSIDIARIES\n (In Millions Except Share Data)\n Fiscal\n 2019\n 2018\n 2017\n Net sales\n $ 16,865. 2\n $ 15,740. 4\n $ 15,619. 8\n Cost sales\n 11,108. 4\n 10,304. 8\n 10,052. 0\n Selling general administrative expenses\n 2,935. 8\n 2,850. 1\n 2,888. 8\n Divestitures loss\n 30. 0\n - 6. 5\n Restructuring impairment other exit costs\n 275. 1\n 165. 6\n 180. 4\n Operating profit\n 2,515. 9\n 2,419. 9\n 2,492. 1\n Benefit plan non-service income\n (87. 9)\n (89. 4)\n (74. 3)\n Interest, net\n 521. 8\n 373. 7\n 295. 1\n Earnings before income taxes after-tax earnings from joint ventures\n 2,082. 0\n 2,135. 6\n 2,271. 3\n Income taxes\n. 8\n 57. 3\n. 2\n After-tax earnings from joint ventures\n 72. 0\n 84. 7\n 85. 0\n Net earnings including earnings attributable redeemable noncontrolling\n interests\n 1,786. 2\n 2,163. 0\n 1,701. 1\n Net earnings attributable redeemable noncontrolling interests 33. 5\n 32. 0\n 43. 6\n Net earnings attributable General Mills\n $ 1,752. 7\n $ 2,131. 0\n $ 1,657. 5\n\n Earnings per share - basic\n $ 2. 92\n $\n 3. 69\n $ 2. 82\n Earnings per share - diluted\n $ 2. 90\n $ 3. 64\n $ 2. 77\n Dividends per share $ 1. 96\n $ 1. 96\n $ 1. 92\n See accompanying notes to consolidated financial statements.\n 53"}
{"_id": "dd2ad1ec4", "title": "", "text": "TableofContents\n\n\nConsolidated Statements of Income \nCorning Incorporated and Subsidiary Companies\n\n\n\n\nYearendedDecember31,\n\n(Inmillions,exceptpershareamounts)\n\n2021\n \n2020\n \n2019\n\nNetsales\n $\n14,082 $\n11,303 $\n11,503\nCostofsales\n \n9,019 \n7,772 \n7,468\n\n \n \n \n\nGrossmargin\n \n5,063 \n3,531 \n4,035\n\n \n \n \n\nOperatingexpenses:\n \n \n \n\nSelling,generalandadministrativeexpenses\n \n1,827 \n1,747 \n1,585\nResearch,developmentandengineeringexpenses\n \n995 \n1,154 \n1,031\nAmortizationofpurchasedintangibles\n \n129 \n121 \n113\n\n \n \n \n\nOperatingincome\n \n2,112 \n509 \n1,306\n\n \n \n \n\nEquityinearnings(losses)ofaffiliatedcompanies(Note3)\n \n35 \n(25) \n17\nInterestincome\n \n11 \n15 \n21\nInterestexpense\n \n(300) \n(276) \n(221)\nTranslatedearningscontractgain(loss),net(Note15)\n \n354 \n(38) \n248\nTransaction-relatedgain,net(Note4)\n \n \n498 \n\nOtherincome(expense),net\n \n185 \n(60) \n(155)\n\n \n \n \n\nIncomebeforeincometaxes\n \n2,397 \n623 \n1,216\nProvisionforincometaxes(Note8)\n \n(491) \n(111) \n(256)\n\n \n \n \n\nNetincomeattributabletoCorningIncorporated\n $\n1,906 $\n512 $\n960\n\n \n \n \n\nEarningspercommonshareattributabletoCorningIncorporated:\n \n \n \n\nBasic(Note18)\n $\n1.30 $\n0.54 $\n1.11\nDiluted(Note18)\n $\n1.28 $\n0.54 $\n1.07\n\n \n \n \n\nReconciliationofnetincomeattributabletoCorningIncorporatedversusnetincomeavailabletocommon\nshareholders:\n \n \n \n\n\n \n \n \n\nNetincomeattributabletoCorningIncorporated\n $\n1,906 $\n512 $\n960\n\n \n \n \n\nSeriesAconvertiblepreferredstockdividend\n \n(24) \n(98) \n(98)\nExcessconsiderationpaidforredemptionofpreferredstock(1)\n \n(803) \n \n \n\n \n \n \n\nNetincomeavailabletocommonshareholders\n $\n1,079 $\n414 $\n862\n\n\n(1)\nRefertoNote17(Shareholders'Equity)andNote18(EarningsperCommonShare)totheconsolidatedfinancialstatementsforadditionalinformation.\n\nTheaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.\n\n65\n\nTableofContents\n Consolidated Statements Income\n Corning Incorporated Subsidiary Companies\n (Inmillions,exceptpershareamounts 2021\n 2020 2019\n Netsales\n $ 14,082 $\n 11,303 $\n 11,503\n Costofsales\n 9,019\n 7,772\n 7,468\n Grossmargin 5,063\n 3,531\n 4,035\n Operatingexpenses\n Selling,generalandadministrativeexpenses 1,827\n 1,747\n 1,585\n Research,developmentandengineeringexpenses\n 1,154\n 1,031\n Amortizationofpurchasedintangibles\n 129 121 113 Operatingincome\n 2,112\n 509\n 1,306\n Equityinearnings(losses)ofaffiliatedcompanies(Note3)\n 35 (25) 17 Interestincome\n 11 15 21\n Interestexpense\n (300)\n (276)\n (221) Translatedearningscontractgain(loss),net(Note15)\n 354\n (38) Transaction-relatedgain,net(Note4)\n Otherincome(expense),net\n 185\n (60) (155)\n Incomebeforeincometaxes\n 2,397\n 623\n 1,216\n Provisionforincometaxes(Note8)\n (491)\n (111)\n (256)\n NetincomeattributabletoCorningIncorporated\n $ 1,906 $\n 512 $ EarningspercommonshareattributabletoCorningIncorporated\n Basic(Note18)\n 1. 30 $\n. 54 $\n 1. 11\n Diluted(Note18)\n 1. 28 $\n 0. 54 $\n 1. 07\nReconciliationofnetincomeattributabletoCorningIncorporatedversusnetincomeavailabletocommon\n shareholders\n NetincomeattributabletoCorningIncorporated $ 1,906 $\n 512 $\n SeriesAconvertiblepreferredstockdividend (24) (98) (98) Excessconsiderationpaidforredemptionofpreferredstock(1)\n (803) Netincomeavailabletocommonshareholders\n $ 1,079 $\n 414 $\n 862\n RefertoNote17(Shareholders'Equity)andNote18(EarningsperCommonShare)totheconsolidatedfinancialstatementsforadditionalinformation.\n.\n 65"}
{"_id": "dd2adb5be", "title": "", "text": "Exhibit 99.1\nJohnson & Johnson Announces Updated Financials and 2023 Guidance Following Completion of the Kenvue\nSeparation\n\nCompany expects increased 2023 Reported Sales Growth of 7.0% - 8.0%, Operational Sales Growth of 7.5% - 8.5%, and\nAdjusted Operational Sales Growth of 6.2% - 7.2%; Figures exclude the COVID-19 Vaccine\n\nCompany expects 2023 Adjusted Reported Earnings Per Share (EPS) of $10.00 - $10.10, reflecting increased growth of\n12.5% at the mid-point and Adjusted Operational EPS of $9.90 - $10.00, reflecting increased growth of 11.5% at the mid-\npoint\n\nCompany reduced outstanding share count by approximately 191 million; 2023 guidance reflects only a partial-year benefit\nof approximately 73.5 million shares or $0.28 benefit to EPS\n\nCompany secured $13.2 billion in cash proceeds from the Kenvue debt offering and initial public offering and maintains 9.5%\nof equity stake in Kenvue\n\nCompany maintains its quarterly dividend of $1.19 per share\nNew Brunswick, N.J. (August 30, 2023) Johnson & Johnson (NYSE: JNJ) (the Company) today announced updates to its financials and\n2023 guidance which reflect its operations as a company focused on transformational innovation in Pharmaceutical and MedTech. The\nCompany has published a recorded webinar for investors to provide additional context behind the updated financials and 2023 guidance\nfound in this release, which may be accessed by visiting the Investors section of the Company's website at webcasts & presentations.\nThe completion of this transaction uniquely positions Johnson & Johnson as a Pharmaceutical and MedTech company focused on delivering\ntransformative healthcare solutions to patients, said Joaquin Duato, Chairman of the Board and Chief Executive Officer. We are incredibly\nproud of the focus and dedication of our employees worldwide to achieve this milestone, which we are confident will unlock near- and long-\nterm value for all of our stakeholders.\nAs previously announced, the Company recently completed an exchange offer to finalize the separation of Kenvue Inc., formerly Johnson &\nJohnsons Consumer Health business. As a result of the completion of the exchange offer, Johnson & Johnson will now present its\nConsumer Health business financial results as discontinued operations, including a gain of approximately $20 billion in the third quarter of\n2023\n\nExhibit 99. 1\n Johnson & Johnson Announces Updated Financials 2023 Guidance Following Completion Kenvue\n Separation\n Company expects increased 2023 Reported Sales Growth 7. 0% - 8. 0%, Operational Sales Growth 7. 5% - 8. 5%,\n Adjusted Operational Sales Growth 6. 2% - 7. 2%; Figures exclude COVID-19 Vaccine\n Company expects 2023 Adjusted Reported Earnings Per Share (EPS) $10. 00 - $10. 10, reflecting increased growth of\n 12. 5% at mid-point Adjusted Operational EPS $9. 90 - $10. 00 increased growth of 11. 5% at mid-\n point\n Company reduced outstanding share count by approximately 191 million; 2023 guidance reflects partial-year benefit\n approximately 73. 5 million shares or $0. 28 benefit to EPS\n Company secured $13. 2 billion cash proceeds from Kenvue debt offering initial public offering maintains 9. 5%\n equity stake in Kenvue\n Company maintains quarterly dividend of $1. 19 per share\n New Brunswick, N. J. (August 30, 2023) Johnson & Johnson (NYSE: JNJ) Company) announced updates to financials\n 2023 guidance reflect operations company focused on transformational innovation in Pharmaceutical and MedTech.\n Company published recorded webinar for investors additional context behind updated financials 2023 guidance\n accessed by visiting Investors section Company's website webcasts & presentations.\n completion of transaction positions Johnson & Johnson as Pharmaceutical and MedTech company focused on delivering\n transformative healthcare solutions to patients, said Joaquin Duato, Chairman of Board and Chief Executive Officer.\n proud of focus dedication employees worldwide to achieve this milestone confident will unlock near- long-\n term value for stakeholders.\n Company recently completed exchange offer to finalize separation of Kenvue Inc., formerly Johnson &\n Johnsons Consumer Health business. result completion exchange offer, Johnson & Johnson will now present\n Consumer Health business financial results as discontinued operations, including gain approximately $20 billion in third quarter of\n 2023"}
{"_id": "dd2abc27c", "title": "", "text": "SG&A, measured as a percent of sales, increased in 2022 when compared to the same period last year. SG&A was impacted by increased special item costs for significant\nlitigation primarily related to steps toward resolving Combat Arms Earplugs litigation (discussed in Note 16) resulting in a 2022 second quarter pre-tax charge of approximately\n$1.2 billion, certain impairment costs related to exiting PFAS manufacturing (see Note 15), costs related to exiting Russia (see Note 15), divestiture-related restructuring\ncharges (see Note 5), and continued investment in key growth initiatives. These increases were partially offset by restructuring benefits and ongoing general 3M cost\nmanagement.\n\nSG&A measured percent of sales increased in 2022 compared same period last year. impacted by increased special item costs for significant\n litigation related to resolving Combat Arms Earplugs litigation (discussed Note 16) resulting in 2022 second quarter pre-tax charge of approximately\n $1. 2 billion impairment costs related to exiting PFAS manufacturing Note 15), costs related exiting Russia Note 15), divestiture-related restructuring\n charges Note 5) continued investment in key growth initiatives. increases partially offset by restructuring benefits ongoing general 3M cost\n management."}
{"_id": "dd2ae7076", "title": "", "text": "Regional Operations \n \n \nNet revenues of $3.8 billion in the current year compared to $3.4 billion in the prior year, an \nincrease of 12%;\n\nRegional Operations\n Net revenues $3. 8 billion current year compared to $3. 4 billion prior year,\n increase of 12%;"}
{"_id": "dd2b05170", "title": "", "text": "Balance Sheet\nCash and cash equivalents at the end of the fourth quarter of fiscal 2022 were $737.9\nmillion.\nMerchandise inventories, net at the end of the fourth quarter of fiscal 2022 totaled $1.6\nbillion compared to $1.5 billion at the end of the fourth quarter of fiscal 2021. The $104.2\nmillion increase was primarily due to the opening of 47 new stores since January 29, 2022,\ninventory to support new brand launches and brand expansions, and inventory cost\nincreases.\n\nBalance Sheet\n Cash and cash equivalents end of fourth quarter of fiscal 2022 were $737. 9\n million.\n Merchandise inventories net end fourth quarter fiscal 2022 totaled $1. 6\n billion compared to $1. 5 billion end fourth quarter fiscal 2021. $104. 2\n million increase due to opening of 47 new stores since January 29, 2022,\n inventory support new brand launches brand expansions, inventory cost\n increases."}
{"_id": "dd2ac0dd6", "title": "", "text": "Amcor plc and Subsidiaries\nConsolidated Balance Sheets\n($ in millions, except share and per share data)\nAs of June 30,\n2023\n2022\nAssets\nCurrent assets:\nCash and cash equivalents\n$\n689 \n$\n775 \nTrade receivables, net of allowance for credit losses of $21 and $25, respectively\n1,875 \n1,935 \nInventories, net\nRaw materials and supplies\n992 \n1,114 \nWork in process and finished goods\n1,221 \n1,325 \nPrepaid expenses and other current assets\n531 \n512 \nAssets held for sale, net\n \n192 \nTotal current assets\n5,308 \n5,853 \nNon-current assets:\nProperty, plant, and equipment, net\n3,762 \n3,646 \nOperating lease assets\n533 \n560 \nDeferred tax assets\n134 \n130 \nOther intangible assets, net\n1,524 \n1,657 \nGoodwill\n5,366 \n5,285 \nEmployee benefit assets\n67 \n89 \nOther non-current assets\n309 \n206 \nTotal non-current assets\n11,695 \n11,573 \nTotal assets\n$\n17,003 \n$\n17,426 \nLiabilities\nCurrent liabilities:\nCurrent portion of long-term debt\n$\n13 \n$\n14 \nShort-term debt\n80 \n136 \nTrade payables\n2,690 \n3,073 \nAccrued employee costs\n396 \n471 \nOther current liabilities\n1,297 \n1,344 \nLiabilities held for sale\n \n65 \nTotal current liabilities\n4,476 \n5,103 \nNon-current liabilities:\nLong-term debt, less current portion\n6,653 \n6,340 \nOperating lease liabilities\n463 \n493 \nDeferred tax liabilities\n616 \n677 \nEmployee benefit obligations\n224 \n201 \nOther non-current liabilities\n481 \n471 \nTotal non-current liabilities\n8,437 \n8,182 \nTotal liabilities\n$\n12,913 \n$\n13,285 \nCommitments and contingencies (See Note 20)\nShareholders' Equity\nAmcor plc shareholders equity:\nOrdinary shares ($0.01 par value):\nAuthorized (9,000 million shares)\nIssued (1,448 and 1,489 million shares, respectively)\n$\n14 \n$\n15 \nAdditional paid-in capital\n4,021 \n4,431 \nRetained earnings\n865 \n534 \nAccumulated other comprehensive loss\n(862)\n(880)\nTreasury shares (1 and 2 million shares, respectively)\n(12)\n(18)\nTotal Amcor plc shareholders' equity\n4,026 \n4,082 \nNon-controlling interests\n64 \n59 \nTotal shareholders' equity\n4,090 \n4,141 \nTotal liabilities and shareholders' equity\n$\n17,003 \n$\n17,426 \nSee accompanying notes to consolidated financial statements.\n5\n\nAmcor plc Subsidiaries\n Consolidated Balance Sheets\n millions except share data\n June 30\n 2023\n 2022\n Assets\n Current assets\n Cash equivalents\n $ 689\n 775\n Trade receivables allowance credit losses $21 $25\n 1,875\n 1,935\n Inventories\n Raw materials supplies\n 992\n 1,114\n Work process finished goods\n 1,221\n 1,325\n Prepaid expenses current assets\n 531\n 512\n Assets sale\n 192\n Total current assets\n 5,308\n Non assets\n Property plant equipment\n 3,762\n 3,646\n Operating lease assets\n 533\n 560\n Deferred tax assets\n 134\n 130\n Other intangible assets\n 1,524\n 1,657\n Goodwill\n 5,366\n 5,285\n Employee benefit assets\n 67\n 89\n Other non-current assets\n 309\n 206 Total non-current assets\n 11,695\n 11,573\n Total assets\n 17,003\n 17,426\n Liabilities\n Current liabilities\n long-term debt\n 13\n 14 Short-term debt\n 80\n 136\n Trade payables\n 2,690\n 3,073\n Accrued employee costs\n 396\n 471\n Other current liabilities\n 1,297\n 1,344\n Liabilities sale\n 65\n Total current liabilities\n 4,476\n 5,103\n Non-current liabilities\n Long-term debt current portion\n 6,653\n 6,340\n Operating lease liabilities\n 463\n 493\n Deferred tax liabilities\n 616\n 677\n Employee benefit obligations\n 224\n 201\n Other non liabilities\n 481\n 471\n Total non-current liabilities\n 8,437\n 12,913\n 13,285\n Commitments contingencies Note 20\n Shareholders' Equity\nAmcor plc shareholders equity\n Ordinary shares ($0. par\n Authorized (9,000 million shares\n Issued (1,448 1,489 million shares\n 14\n 15\n Additional paid-in capital\n 4,021\n 4,431\n Retained earnings\n 534\n Accumulated comprehensive loss\n (862)\n (880)\n Treasury shares (1 2 million shares\n (12)\n Total Amcor plc shareholders' equity\n 4,026\n 4,082\n Non-controlling interests\n 64\n 59\n Total shareholders' equity\n 4,090\n 4,141\n liabilities' equity\n 17,003\n $ 17,426\n notes consolidated financial statements.\n 5"}
{"_id": "dd2ac32b6", "title": "", "text": "One customer accounted for 16% of our consolidated net revenue for the year ended December 31, 2022. Sales to this customer consisted of sales of products\nfrom our Gaming segment. A loss of this customer would have a material adverse effect on our business.\n\nOne customer accounted for 16% consolidated net revenue for year ended December 31, 2022. Sales to this customer consisted of sales products\n from Gaming segment. loss of this customer material adverse effect on business."}
{"_id": "dd2ad2306", "title": "", "text": "RESULTS OF OPERATIONS\n \nThe following table presents selected highlights from our operations (in millions):\n \n \n \nYear ended December 31,\n \n% change\n \n \n \n2022\n \n2021\n \n22 vs. 21\n \n \n \n \n \n \nNet sales\n $\n14,189 $\n14,082 \n1%\n \n \n \n \n \nGross margin\n $\n4,506 $\n5,063 \n(11%)\n(gross margin %)\n \n32% \n36% \n \n \n \n \n \n \nSelling, general and administrative expenses\n $\n1,898 $\n1,827 \n4%\n(as a % of net sales)\n \n13% \n13% \n \n \n \n \n \n \nResearch, development and engineering expenses\n $\n1,047 $\n995 \n5%\n(as a % of net sales)\n \n7% \n7% \n \n \n \n \n \n \nTranslated earnings contract gain, net\n $\n351 $\n354 \n(1%)\n(as a % of net sales)\n \n2% \n3% \n \n \n \n \n \n \nIncome before income taxes\n $\n1,797 $\n2,426 \n(26%)\n(as a % of net sales)\n \n13% \n17% \n \n \n \n \n \n \nProvision for income taxes\n $\n(411) $\n(491) \n16%\nEffective tax rate\n \n23% \n20% \n \n \n \n \n \n \nNet income attributable to Corning Incorporated\n $\n1,316 $\n1,906 \n(31%)\n(as a % of net sales)\n \n9% \n14% \n \n \n \n \n \n \nComprehensive income attributable to Corning Incorporated\n $\n661 $\n1,471 \n(55%)\n\nRESULTS OF OPERATIONS\n following table presents highlights operations (in millions):\n Year ended December 31,\n % change 2022\n 2021\n 22 vs. 21\n Net sales\n $\n 14,189 $\n 14,082\n 1%\n Gross margin\n $\n 4,506 $\n 5,063\n (11%)\n (gross margin %)\n 32%\n 36%\n Selling general administrative expenses\n $ 1,898 $\n 1,827\n 4%\n % of net sales)\n 13%\n 13%\n Research development engineering expenses\n $\n 1,047 $\n 5%\n % of net sales)\n 7%\n 7%\n Translated earnings contract gain net\n $\n $\n 354\n (1%)\n % of net sales)\n 2%\n 3%\n Income before income taxes\n $\n 1,797 $\n 2,426\n (26%)\n % of net sales)\n 13%\n 17%\n Provision income taxes\n $\n (411) $\n (491)\n 16%\n Effective tax rate\n 23%\n 20%\n Net income attributable Corning Incorporated\n $ 1,316 $\n 1,906\n (31%)\n % of net sales)\n 9% 14%\n Comprehensive income attributable Corning Incorporated\n $ 661 $\n 1,471\n (55%)"}
{"_id": "dd2addca6", "title": "", "text": "The Kraft Heinz Company\nConsolidated Balance Sheets\n(in millions, except per share data)\n \nDecember 28, 2019 December 29, 2018\nASSETS\n \n \nCash and cash equivalents\n$\n2,279 $\n1,130\nTrade receivables (net of allowances of $33 at December 28, 2019 and $24 at December 29, 2018)\n1,973 \n2,129\nIncome taxes receivable\n173 \n152\nInventories\n2,721 \n2,667\nPrepaid expenses\n384 \n400\nOther current assets\n445 \n1,221\nAssets held for sale\n122 \n1,376\nTotal current assets\n8,097 \n9,075\nProperty, plant and equipment, net\n7,055 \n7,078\nGoodwill\n35,546 \n36,503\nIntangible assets, net\n48,652 \n49,468\nOther non-current assets\n2,100 \n1,337\nTOTAL ASSETS\n$\n101,450 $\n103,461\nLIABILITIES AND EQUITY\n \n \nCommercial paper and other short-term debt\n$\n6 $\n21\nCurrent portion of long-term debt\n1,022 \n377\nTrade payables\n4,003 \n4,153\nAccrued marketing\n647 \n722\nInterest payable\n384 \n408\nOther current liabilities\n1,804 \n1,767\nLiabilities held for sale\n9 \n55\nTotal current liabilities\n7,875 \n7,503\nLong-term debt\n28,216 \n30,770\nDeferred income taxes\n11,878 \n12,202\nAccrued postemployment costs\n273 \n306\nOther non-current liabilities\n1,459 \n902\nTOTAL LIABILITIES\n49,701 \n51,683\nCommitments and Contingencies (Note 17)\n \nRedeemable noncontrolling interest\n \n3\nEquity:\n \n \nCommon stock, $0.01 par value (5,000 shares authorized; 1,224 shares issued and 1,221 shares outstanding at December 28, 2019;\n1,224 shares issued and 1,220 shares outstanding at December 29, 2018)\n12 \n12\nAdditional paid-in capital\n56,828 \n58,723\nRetained earnings/(deficit)\n(3,060) \n(4,853)\nAccumulated other comprehensive income/(losses)\n(1,886) \n(1,943)\nTreasury stock, at cost (3 shares at December 28, 2019 and 4 shares at December 29, 2018)\n(271) \n(282)\nTotal shareholders' equity\n51,623 \n51,657\nNoncontrolling interest\n126 \n118\nTOTAL EQUITY\n51,749 \n51,775\nTOTAL LIABILITIES AND EQUITY\n$\n101,450 $\n103,461\nSee accompanying notes to the consolidated financial statements.\n47\n\nKraft Heinz Company\n Consolidated Balance Sheets\n millions share data\n December 28, 2019 29, 2018\n Cash cash equivalents\n 2,279\n 1,130\n Trade receivables allowances $33 December 28, 2019 $24 December 29, 2018)\n 1,973\n 2,129\n Income taxes receivable\n 173\n 152\n Inventories\n 2,721\n 2,667\n Prepaid expenses\n 384\n 400 current assets\n 445\n 1,221\n Assets sale\n 122\n 1,376\n Total current assets\n 8,097\n 9,075\n Property plant equipment\n 7,055\n 7,078\n Goodwill\n 35,546\n 36,503\n Intangible assets\n 48,652\n 49,468\n non-current assets\n 2,100\n 1,337\n TOTAL\n 101,450\n 103,461\n LIABILITIES EQUITY\n Commercial paper short-term debt\n 6 21\n long-term debt\n 1,022\n 377\n Trade payables\n 4,003\n 4,153\n Accrued marketing\n 647\n 722\n Interest payable\n 384\n 408 Other current liabilities\n 1,804\n 1,767\n Liabilities sale\n 9\n 55 Total current liabilities\n 7,503\n Long-term debt\n 28,216\n 30,770\n Deferred income taxes\n 11,878\n 12,202\n Accrued postemployment costs\n 273\n 306\n non liabilities\n 1,459\n 902\n TOTAL LIABILITIES\n 49,701\n 51,683\n Commitments Contingencies (Note 17\n Redeemable noncontrolling interest\n Equity\n Common stock $0. 01 par value (5,000 shares authorized 1,224 shares issued 1,221 outstanding December 28, 2019\n 1,220 outstanding December 29, 2018)\n Additional paid-in capital\n 56,828\n 58,723\nRetained earnings(deficit\n (3,060)\n (4,853)\n Accumulated income(losses\n (1,886)\n (1,943)\n Treasury stock (3 shares December 28, 2019 4 shares December 29, 2018)\n (271)\n (282)\n shareholders' equity\n 51,623\n 51,657\n Noncontrolling interest\n 126\n 118\n TOTAL EQUITY\n 51,749\n 51,775\n TOTAL LIABILITIES EQUITY\n 101,450 $\n 103,461\n consolidated financial statements.\n 47"}
{"_id": "dd2ac4e7c", "title": "", "text": "Table of Contents\nAmerican Water Works Company, Inc. and Subsidiary Companies\nConsolidated Statements of Operations\n(In millions, except per share data)\n \nFor the Years Ended December 31,\n \n2021\n2020\n2019\nOperating revenues\n$\n3,930 \n$\n3,777 \n$\n3,610 \nOperating expenses:\n \n \n \nOperation and maintenance\n1,777 \n1,622 \n1,544 \nDepreciation and amortization\n636 \n604 \n582 \nGeneral taxes\n321 \n303 \n280 \nOther\n \n \n(10)\nTotal operating expenses, net\n2,734 \n2,529 \n2,396 \nOperating income\n1,196 \n1,248 \n1,214 \nOther income (expense):\n \n \n \nInterest expense\n(403)\n(397)\n(386)\nInterest income\n4 \n2 \n4 \nNon-operating benefit costs, net\n78 \n49 \n16 \nGain or (loss) on sale of businesses\n747 \n \n(44)\nOther, net\n18 \n22 \n29 \nTotal other income (expense)\n444 \n(324)\n(381)\nIncome before income taxes\n1,640 \n924 \n833 \nProvision for income taxes\n377 \n215 \n212 \nNet income attributable to common shareholders\n$\n1,263 \n$\n709 \n$\n621 \nBasic earnings per share: (a)\n\n\n\nNet income attributable to common shareholders\n$\n6.96 \n$\n3.91 \n$\n3.44 \nDiluted earnings per share: (a)\n\n\n\nNet income attributable to common shareholders\n$\n6.95 \n$\n3.91 \n$\n3.43 \nWeighted average common shares outstanding:\n \n \n \nBasic\n182 \n181 \n181 \nDiluted\n182 \n182 \n181 \n(a)\nAmounts may not calculate due to rounding.\nThe accompanying notes are an integral part of these Consolidated Financial Statements.\n84\n\nTable Contents\n American Water Works Company. Subsidiary Companies\n Consolidated Statements Operations\n millions share data\n Years Ended December 31,\n 2021\n 2020\n 2019\n Operating revenues\n $\n $\n 3,777\n $\n 3,610\n Operating expenses\n Operation maintenance\n 1,777\n 1,622\n 1,544\n Depreciation amortization\n 636\n 604\n 582\n General taxes\n 303\n 280\n Total operating expenses\n 2,734\n 2,529\n 2,396\n Operating income\n 1,196\n 1,248\n 1,214\n Other income (expense):\n Interest expense\n (403)\n (397)\n (386)\n Interest income\n 4\n 2\n 4 Non-operating benefit costs\n 78\n 49\n 16\n Gain (loss sale businesses\n (44) 18\n 22\n 29\n Total other income (expense)\n (324)\n (381)\n Income before income taxes\n 1,640\n 924\n 833\n Provision income taxes\n 377\n 215\n 212\n Net income attributable common shareholders\n $\n 1,263\n $\n $\n 621\n Basic earnings per share (a)\n Net income attributable common shareholders\n $ 6. 96\n $\n 3. 91\n $ 3. 44\n Diluted earnings per share\n Net income attributable common shareholders\n $\n 6. 95\n $\n 3. 91\n $ 3. 43\n Weighted average common shares\n Basic 182\n 181\n 181\n Diluted\n 182\n 182\n 181\n Amounts not calculate rounding.\n accompanying notes integral part Consolidated Financial Statements.\n 84"}
{"_id": "dd2ac5eb2", "title": "", "text": "Acquisitions\n \nCurrent Health Ltd.\n \nIn fiscal 2022, we acquired all of the outstanding shares of Current Health Ltd. (Current Health), a care-at-home technology platform, on November 2, 2021, for \nnet cash consideration of $389 million. The acquired assets included $351 million of goodwill that was assigned to our Best Buy Health reporting unit and was \ndeductible for income tax purposes. The acquisition is aligned with our focus in virtual care to enable people in their homes to connect seamlessly with their \nhealth care providers and is included in our Domestic reportable segment and Services revenue category. The acquisition was accounted for using the \nacquisition method of accounting for business combinations and was not material to the results of operations.\n \nTwo Peaks, LLC d/b/a Yardbird Furniture\n \nIn fiscal 2022, we acquired all of the outstanding shares of Two Peaks, LLC d/b/a Yardbird Furniture (Yardbird), a direct-to-consumer outdoor furniture company, \non November 4, 2021, for net cash consideration of $79 million. The acquired assets included $47 million of goodwill that was assigned to our Best Buy Domestic \nreporting unit and was deductible for income tax purposes. The acquisition expands our assortment in categories like outdoor living, as more and more \nconsumers look to make over or upgrade their outdoor living spaces. The acquisition was accounted for using the acquisition method of accounting for business \ncombinations and was not material to the results of our operations.\n\nAcquisitions\n Current Health Ltd.\n In fiscal 2022 acquired all outstanding shares of Current Health Ltd. (Current Health), a care-at-home technology platform, on November 2, 2021, for\n net cash consideration of $389 million. acquired assets included $351 million of goodwill assigned to our Best Buy Health reporting unit\n deductible for income tax. acquisition aligned with focus in virtual care to people homes connect with\n health care providers included in our Domestic reportable segment and Services revenue category. acquisition accounted for using\n acquisition method of accounting for business combinations not material to results of operations.\n Two Peaks, LLC d/b/a Yardbird Furniture\n In fiscal 2022, acquired all outstanding shares of Two Peaks, LLC d/b/a Yardbird Furniture (Yardbird), direct-to-consumer outdoor furniture company,\n on November 4, 2021, for net cash consideration of $79 million. acquired assets included $47 million of goodwill assigned to Best Buy Domestic\n reporting unit deductible for income tax purposes. acquisition expands our assortment in categories like outdoor living, more\n consumers to upgrade outdoor living spaces. acquisition accounted for using acquisition method of accounting for business\n combinations not material to results of operations."}
{"_id": "dd2ad4dfe", "title": "", "text": "Usual and Customary Pricing Litigation\nThe Company and certain current and former directors and officers are named as a defendant in a number of lawsuits that allege that the Companys retail\npharmacies overcharged for prescription drugs by not submitting the correct usual and customary price during the claims adjudication process.\n\nUsual and Customary Pricing Litigation\n Company and certain current and former directors officers named as defendant in lawsuits allege Companys retail\n pharmacies overcharged for prescription drugs by not submitting correct usual and customary price during claims adjudication process."}
{"_id": "dd2afc67e", "title": "", "text": "Therachon\nOn July 1, 2019, we acquired all the remaining shares of Therachon, a privately-held clinical-stage biotechnology company focused on rare diseases, with assets in development for\nthe treatment of achondroplasia, a genetic condition and the most common form of short-limb dwarfism, for $340 million upfront, plus potential milestone payments of up to $470\nmillion contingent on the achievement of key milestones in the development and commercialization of the lead asset. We accounted for the transaction as an asset acquisition since\nthe lead asset represented substantially all the fair value of the gross assets acquired. The total fair value of the consideration transferred for Therachon was $322 million, which\nconsisted of $317 million of cash and our previous $5 million investment in Therachon. In connection with this asset acquisition, we recorded a charge of $337 million in Research and\ndevelopment expenses.\n\nTherachon\n July 1, 2019 acquired remaining shares of Therachon, privately-held clinical-stage biotechnology company focused on rare diseases with assets in development for\n treatment of achondroplasia, genetic condition common form of short-limb dwarfism, for $340 million upfront plus potential milestone payments up to $470\n million contingent on achievement of key milestones in development and commercialization of lead asset. accounted for transaction as asset acquisition since\n lead asset represented all fair value of gross assets acquired. total fair value of consideration transferred for Therachon was $322 million\n consisted of $317 million cash and previous $5 million investment in Therachon. connection asset acquisition recorded charge of $337 million in Research and\n development expenses."}
{"_id": "dd2b17af0", "title": "", "text": "Walmart Inc.\nConsolidated Statements of Income\n \n \nFiscal Years Ended January 31,\n(Amounts in millions, except per share data)\n \n2020\n \n2019\n \n2018\nRevenues:\n \n \n \nNet sales\n $\n519,926\n $\n510,329 $\n495,761\nMembership and other income\n \n4,038\n \n4,076 \n4,582\nTotal revenues\n \n523,964\n \n514,405 \n500,343\nCosts and expenses:\n \n \n \nCost of sales\n \n394,605\n \n385,301 \n373,396\nOperating, selling, general and administrative expenses\n \n108,791\n \n107,147 \n106,510\nOperating income\n \n20,568\n \n21,957 \n20,437\nInterest:\n \n \n \nDebt\n \n2,262\n \n1,975 \n1,978\nFinance, capital lease and financing obligations\n \n337\n \n371 \n352\nInterest income\n \n(189) \n(217) \n(152)\nInterest, net\n \n2,410\n \n2,129 \n2,178\nLoss on extinguishment of debt\n \n\n \n \n3,136\nOther (gains) and losses\n \n(1,958) \n8,368 \n\nIncome before income taxes\n \n20,116\n \n11,460 \n15,123\nProvision for income taxes\n \n4,915\n \n4,281 \n4,600\nConsolidated net income\n \n15,201\n \n7,179 \n10,523\nConsolidated net income attributable to noncontrolling interest\n \n(320) \n(509) \n(661)\nConsolidated net income attributable to Walmart\n $\n14,881\n $\n6,670 $\n9,862\n \n \n \n \nNet income per common share:\n \n \n \nBasic net income per common share attributable to Walmart\n $\n5.22\n $\n2.28 $\n3.29\nDiluted net income per common share attributable to Walmart\n \n5.19\n \n2.26 \n3.28\n \n \n \n \nWeighted-average common shares outstanding:\n \n \n \nBasic\n \n2,850\n \n2,929 \n2,995\nDiluted\n \n2,868\n \n2,945 \n3,010\n \n \n \n \nDividends declared per common share\n $\n2.12\n $\n2.08 $\n2.04\nSee accompanying notes.\n50\n\nWalmart Inc.\n Consolidated Statements Income\n Fiscal Years Ended January 31,\n (Amounts millions share data\n 2020\n 2019\n 2018\n Revenues\n Net sales\n $ 519,926\n $ 510,329 $\n 495,761\n Membership other income\n 4,038\n 4,076\n 4,582\n Total revenues\n 523,964\n 514,405\n 500,343\n Costs expenses\n Cost sales\n,605\n,301\n 373,396\n Operating selling general administrative expenses\n 108,791\n 107,147\n 106,510\n Operating income\n 20,568\n 21,957\n 20,437\n Interest\n Debt\n 2,262\n 1,975\n 1,978\n Finance capital lease financing obligations\n 337\n 371\n 352\n Interest income\n (189)\n (217)\n (152)\n Interest 2,410\n 2,129\n 2,178\n Loss extinguishment debt\n 3,136\n (gains losses\n (1,958)\n 8,368\n Income before income taxes\n 20,116\n 11,460\n 15,123\n Provision income taxes\n 4,281\n 4,600\n Consolidated net income\n 15,201\n 7,179\n 10,523\n Consolidated net income attributable noncontrolling interest\n (320)\n (509)\n (661)\n Consolidated net income attributable Walmart\n $ 14,881\n $ 6,670 $\n Net income per common share\n net income common share attributable Walmart\n 5. 22\n $ 2. 28 $\n 3. 29\n Diluted net income common share attributable Walmart\n 5. 19\n 2. 26\n 3. 28\n Weighted-average common shares\n 2,850\n2,929\n 2,995\n Diluted\n 2,868\n 2,945\n 3,010\n Dividends declared common share\n $ 2. 12\n $. 08\n. 04\n accompanying notes.\n 50"}
{"_id": "dd2af293a", "title": "", "text": "Item 3. Legal Proceedings.\nWe and our subsidiaries are party to a variety of litigation, claims, legal or regulatory proceedings, inquiries and investigations.\nWhile the results of such litigation, claims, legal or regulatory proceedings, inquiries and investigations cannot be predicted with\ncertainty, management believes that the final outcome of the foregoing will not have a material adverse effect on our financial\ncondition, results of operations or cash flows. See also Item 1. Business Regulatory Matters and Item 1A. Risk Factors.\n\nItem 3. Legal Proceedings.\n We and our subsidiaries party to variety of litigation, claims, legal regulatory proceedings, inquiries investigations.\n results of litigation claims legal regulatory proceedings inquiries investigations be predicted with\n certainty, management believes final outcome not have material adverse effect on our financial\n condition, results operations or cash flows. See also Item 1. Business Regulatory Matters and Item 1A. Risk Factors."}
{"_id": "dd2abfb48", "title": "", "text": "129 \nConsolidated Statements of Operations\nYears ended December 31, 2022, 2021, and 2020\n2022\n2021\n2020\n(in millions, except per share amounts)\nRevenue:\nRegulated\n$\n3,538 \n$\n2,868 \n$\n2,661 \nNon-Regulated\n9,079 \n8,273 \n6,999 \nTotal revenue\n12,617 \n11,141 \n9,660 \nCost of Sales:\nRegulated\n(3,162)\n(2,448)\n(2,235)\nNon-Regulated\n(6,907)\n(5,982)\n(4,732)\nTotal cost of sales\n(10,069)\n(8,430)\n(6,967)\nOperating margin\n2,548 \n2,711 \n2,693 \nGeneral and administrative expenses\n(207)\n(166)\n(165)\nInterest expense\n(1,117)\n(911)\n(1,038)\nInterest income\n389 \n298 \n268 \nLoss on extinguishment of debt\n(15)\n(78)\n(186)\nOther expense\n(68)\n(60)\n(53)\nOther income\n102 \n410 \n75 \nLoss on disposal and sale of business interests\n(9)\n(1,683)\n(95)\nGoodwill impairment expense\n(777)\n \n \nAsset impairment expense\n(763)\n(1,575)\n(864)\nForeign currency transaction gains (losses)\n(77)\n(10)\n55 \nOther non-operating expense\n(175)\n \n(202)\nINCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES\n(169)\n(1,064)\n488 \nIncome tax benefit (expense)\n(265)\n133 \n(216)\nNet equity in losses of affiliates\n(71)\n(24)\n(123)\nINCOME (LOSS) FROM CONTINUING OPERATIONS\n(505)\n(955)\n149 \nGain from disposal of discontinued businesses, net of income tax expense of $0, $1, and $0, respectively\n \n4 \n3 \nNET INCOME (LOSS)\n(505)\n(951)\n152 \nLess: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries\n(41)\n542 \n(106)\nNET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION\n$\n(546)\n$\n(409)\n$\n46 \nAMOUNTS ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS:\nIncome (loss) from continuing operations, net of tax\n$\n(546)\n$\n(413)\n$\n43 \nIncome from discontinued operations, net of tax\n \n4 \n3 \nNET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION\n$\n(546)\n$\n(409)\n$\n46 \nBASIC EARNINGS PER SHARE:\nIncome (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax\n$\n(0.82)\n$\n(0.62)\n$\n0.06 \nIncome from discontinued operations attributable to The AES Corporation common stockholders, net of tax\n \n0.01 \n0.01 \nNET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS\n$\n(0.82)\n$\n(0.61)\n$\n0.07 \nDILUTED EARNINGS PER SHARE:\nIncome (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax\n$\n(0.82)\n$\n(0.62)\n$\n0.06 \nIncome from discontinued operations attributable to The AES Corporation common stockholders, net of tax\n \n0.01 \n0.01 \nNET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS\n$\n(0.82)\n$\n(0.61)\n$\n0.07 \nSee Accompanying Notes to Consolidated Financial Statements.\n\n\n Consolidated Statements Operations\n ended December 31, 2022 2021 2020\n millions share amounts\n Revenue\n Regulated\n $\n 3,538\n 2,868\n $ 2,661\n Non-Regulated\n 9,079\n 8,273\n 6,999\n Total revenue\n 12,617\n 11,141\n 9,660\n Cost Sales\n Regulated\n (3,162)\n (2,448)\n (2,235)\n Non-Regulated\n (6,907)\n (5,982)\n (4,732)\n Total cost sales\n (10,069)\n (8,430)\n (6,967)\n Operating margin\n 2,548\n 2,711\n 2,693\n General administrative expenses\n (207)\n (166)\n (165)\n Interest expense\n (1,117)\n (911)\n (1,038)\n Interest income\n 268\n Loss extinguishment debt\n (15)\n (78)\n (186)\n Other expense\n (68)\n (60) (53)\n 102 410\n 75 Loss disposal sale business interests\n (1,683)\n Goodwill impairment expense\n (777)\n Asset impairment expense\n (763)\n (1,575)\n (864)\n Foreign currency transaction gains (losses\n (77)\n 55 non expense\n (175)\n (202)\n INCOME (LOSS) FROM OPERATIONS BEFORE TAXES EQUITY AFFILIATES\n (169)\n (1,064)\n 488 Income tax benefit (expense\n (265)\n 133\n (216)\n Net equity losses affiliates\n (71)\n (24)\n (123)\n INCOME (LOSS) FROM OPERATIONS\n (505)\n (955)\n 149\n Gain disposal discontinued businesses income tax expense $0 $1 $0,\n 3 INCOME (LOSS)\n (505)\n (951)\n 152Net loss (income noncontrolling interests redeemable stock subsidiaries\n (41)\n 542\n (106)\n NET INCOME (LOSS AES CORPORATION\n $\n (546)\n $\n (409)\n $\n 46\n AMOUNTS AES CORPORATION COMMON STOCKHOLDERS:\n Income (loss) from continuing operations net of tax\n $\n (546)\n $\n (413)\n 43\n Income discontinued operations net of tax\n 4\n 3\n NET INCOME (LOSS) AES CORPORATION\n $\n (546)\n $\n (409)\n $\n 46\n BASIC EARNINGS PER SHARE:\n Income (loss) from continuing operations AES Corporation common stockholders net of tax\n $\n (0. 82)\n $\n (0. 62)\n 0. 06\n Income from discontinued operations AES Corporation common stockholders net of tax\n. 01\n.\n NET INCOME (LOSS) AES CORPORATION COMMON STOCKHOLDERS\n $\n (0. 82)\n $\n (0. 61)\n $\n 0. 07\n DILUTED EARNINGS PER SHARE:\n Income (loss) from continuing operations AES Corporation common stockholders net of tax\n $\n (0. 82)\n. 62)\n.\n Income from discontinued operations AES Corporation common stockholders net of tax\n 0. 01\n.\n NET INCOME (LOSS) AES CORPORATION COMMON STOCKHOLDERS\n (0. 82)\n $\n (0. 61)\n $\n 0. 07\n Accompanying Notes to Consolidated Financial Statements."}
{"_id": "dd2abccf4", "title": "", "text": "This marked the 65th consecutive\nyear of dividend increases for 3M.\n\nmarked 65th consecutive\n year dividend increases for 3M."}
{"_id": "dd2acce74", "title": "", "text": "SQUARE, INC.\nCONSOLIDATED STATEMENTS OF OPERATIONS\n(In thousands, except per share data)\nYear Ended December 31,\n2020\n2019\n2018\nRevenue:\nTransaction-basedrevenue\n$\n3,294,978\n$\n3,081,074\n$\n2,471,451\nSubscriptionandservices-basedrevenue\n1,539,403\n1,031,456\n591,706\nHardwarerevenue\n91,654\n84,505\n68,503\nBitcoinrevenue\n4,571,543\n516,465\n166,517\nTotalnetrevenue\n9,497,578\n4,713,500\n3,298,177\nCostofrevenue:\nTransaction-basedcosts\n1,911,848\n1,937,971\n1,558,562\nSubscriptionandservices-basedcosts\n222,712\n234,270\n169,884\nHardwarecosts\n143,901\n136,385\n94,114\nBitcoincosts\n4,474,534\n508,239\n164,827\nAmortizationofacquiredtechnology\n11,174\n6,950\n7,090\nTotalcostofrevenue\n6,764,169\n2,823,815\n1,994,477\nGrossprofit\n2,733,409\n1,889,685\n1,303,700\nOperatingexpenses:\nProductdevelopment\n881,826\n670,606\n497,479\nSalesandmarketing\n1,109,670\n624,832\n411,151\nGeneralandadministrative\n579,203\n436,250\n339,245\nTransactionandloanlosses\n177,670\n126,959\n88,077\nAmortizationofacquiredcustomerassets\n3,855\n4,481\n4,362\nTotaloperatingexpenses\n2,752,224\n1,863,128\n1,340,314\nOperatingincome(loss)\n(18,815)\n26,557\n(36,614)\nGainonsaleofassetgroup\n\n(373,445)\n\nInterestexpense,net\n56,943\n21,516\n17,982\nOtherexpense(income),net\n(291,725)\n273\n(18,469)\nIncome(loss)beforeincometax\n215,967\n378,213\n(36,127)\nProvisionforincometaxes\n2,862\n2,767\n2,326\nNetincome(loss)\n$\n213,105\n$\n375,446\n$\n(38,453)\nNetincome(loss)pershare:\nBasic\n$\n0.48\n$\n0.88\n$\n(0.09)\nDiluted\n$\n0.44\n$\n0.81\n$\n(0.09)\nWeighted-averagesharesusedtocomputenetincome(loss)pershare:\nBasic\n443,126\n424,999\n405,731\nDiluted\n482,167\n466,076\n405,731\nSeeaccompanyingnotestoconsolidatedfinancialstatements.\n85\n\n.\n CONSOLIDATED STATEMENTS OPERATIONS\n share\n December 31,\n Transaction-basedrevenue\n 3,294,978\n 3,081,074\n 2,471,451\n Subscriptionandservices-basedrevenue\n 1,539,403\n 1,031,456\n 591,706\n Hardwarerevenue\n 91,654\n 84,505\n 68,503\n Bitcoinrevenue\n 4,571,543\n 516,465\n 166,517\n Totalnetrevenue\n 9,497,578\n,500\n 3,298,177\n Costofrevenue\n Transaction-basedcosts\n 1,911,848\n 1,937,971\n 1,558,562\n Subscriptionandservices-basedcosts\n 222,712\n 234,270\n 169,884\n Hardwarecosts 143,901\n 136,385\n 94,114\n Bitcoincosts\n 4,474,534\n 508,239\n 164,827\n Amortizationofacquiredtechnology\n 11,174 6,950\n 7,090\n Totalcostofrevenue\n 6,764,169\n 2,823,815\n 1,994,477\n Grossprofit\n 2,733,409\n 1,889,685\n 1,303,700\n Operatingexpenses\n Productdevelopment\n 881,826\n 670,606\n,479\n 1,109,670\n 624,832\n 411,151\n,203\n,250\n,245\n Transactionandloanlosses 177,670\n 126,959\n 88,077\n Amortizationofacquiredcustomerassets\n 3,855\n 4,481\n 4,362\n Totaloperatingexpenses\n 2,752,224\n 1,863,128\n 1,340,314\n Operatingincome(loss\n (18 26,557 (373,445) 56,943\n 21,516 17,982\n Otherexpense (291,725)\n273\n (18,469)\n Income(loss)beforeincometax\n 215,967\n,213\n (36,127)\n Provisionforincometaxes\n 2,862\n 2,767\n 2,326\n Netincome(loss)\n 213,105\n 375,446\n $ (38,453)\n Netincome(loss)pershare:\n. 48\n. 88\n (0. 09)\n Diluted\n. 44\n. 81\n (0. 09)\n Weighted-averagesharesusedtocomputenetincome(loss)pershare:\n,126\n 424,999\n 405,731\n Diluted 482,167\n 466,076\n 405,731\n Seeaccompanyingnotestoconsolidatedfinancialstatements.\n 85"}
{"_id": "dd2ae6e5a", "title": "", "text": "Las Vegas Strip Resorts \n \n \nNet revenues of $8.4 billion in the current year compared to $4.7 billion in the prior year, an \nincrease of 77%;\n\nLas Vegas Strip Resorts\n Net revenues $8. 4 billion current year compared to $4. 7 billion prior year,\n increase of 77%;"}
{"_id": "dd2ac147a", "title": "", "text": "Amcor plc and Subsidiaries\nConsolidated Statements of Income\n($ in millions, except per share data)\nFor the years ended June 30,\n2023\n2022\n2021\nNet sales\n$\n14,694 \n$\n14,544 \n$\n12,861 \nCost of sales\n(11,969)\n(11,724)\n(10,129)\nGross profit\n2,725 \n2,820 \n2,732\n\nAmcor plc Subsidiaries\n Consolidated Statements Income\n$ millions share data\n ended June 30\n 2023\n 2022\n 2021\n sales\n $\n 14,694\n $\n 14,544\n $\n 12,861\n Cost sales\n (11,969)\n (11,724)\n (10,129)\n profit\n 2,725\n 2,820\n 2,732"}
{"_id": "dd2b08bc2", "title": "", "text": "Pension and postretirement health care and life insurance benefits earned during the year, as well as interest on projected benefit obligations, \nare accrued.\n\nPension postretirement health care life insurance benefits earned during year, interest on projected benefit obligations,\n are accrued."}
{"_id": "dd2b0b110", "title": "", "text": "Consolidated Balance Sheets \nVerizon Communications Inc. and Subsidiaries \n(dollars in millions, except per share amounts) \nAt December 31,\n2022\n2021 \nAssets \nCurrent assets \nCash and cash equivalents\n$ \n2,605 \n$ \n2,921 \nAccounts receivable\n \n25,332 \n \n24,742 \nLess Allowance for credit losses\n \n826 \n \n896 \nAccounts receivable, net \n \n24,506 \n \n23,846 \nInventories\n \n2,388 \n \n3,055 \nPrepaid expenses and other\n \n8,358 \n \n6,906 \nTotal current assets\n \n37,857 \n \n36,728 \nProperty, plant and equipment\n \n307,689 \n \n289,897 \nLess Accumulated depreciation\n \n200,255 \n \n190,201 \nProperty, plant and equipment, net\n \n107,434 \n \n99,696 \nInvestments in unconsolidated businesses\n \n1,071 \n \n1,061 \nWireless licenses\n \n149,796 \n \n147,619 \nGoodwill\n \n28,671 \n \n28,603 \nOther intangible assets, net\n \n11,461 \n \n11,677 \nOperating lease right-of-use assets\n \n26,130 \n \n27,883 \nOther assets\n \n17,260 \n \n13,329 \nTotal assets\n$ \n379,680 \n$ \n366,596 \nLiabilities and Equity \nCurrent liabilities \nDebt maturing within one year\n$ \n9,963 \n$ \n7,443 \nAccounts payable and accrued liabilities\n \n23,977 \n \n24,833 \nCurrent operating lease liabilities\n \n4,134 \n \n3,859 \nOther current liabilities\n \n12,097 \n \n11,025 \nTotal current liabilities\n \n \n \n \n \n \n50,171 \n \n \n \n \n \n \n \n47,160\n\nConsolidated Balance Sheets\n Verizon Communications Inc. Subsidiaries\n (dollars millions except share amounts\n December 31,\n 2022\n 2021 Assets Current assets Cash cash equivalents\n $ 2,605\n $ 2,921\n Accounts receivable\n 25,332\n 24,742\n Allowance credit losses\n 826 896 Accounts receivable\n 24,506\n 23,846\n Inventories\n 2,388\n 3,055\n Prepaid expenses other\n 8,358\n Total current assets\n 37,857\n 36,728\n Property plant equipment\n 307,689\n 289,897\n Accumulated depreciation\n 200,255\n 190,201\n Property plant equipment net\n 107,434\n 99,696\n Investments unconsolidated businesses\n 1,071 1,061 Wireless licenses\n 149,796\n 147,619\n Goodwill\n 28,671\n 28,603\n Other intangible assets\n 11,461\n 11,677 Operating lease right-of-use assets\n 26,130\n 27,883\n Other assets\n 17,260\n 13,329\n Total assets\n,680\n 366,596\n Liabilities Equity\n Current liabilities Debt maturing within one year\n 7,443\n Accounts payable accrued liabilities\n 23,977\n 24,833\n Current operating lease liabilities\n 4,134\n 3,859\n Other current liabilities\n 12,097\n 11,025\n Total current liabilities\n 50,171\n 47,160"}
{"_id": "dd2abca56", "title": "", "text": "Title of each class\nTrading Symbol(s)\nName of each exchange on which registered\nCommon Stock, Par Value $.01 Per Share\nMMM\nNew York Stock Exchange\nMMM\nChicago Stock Exchange, Inc.\n1.500% Notes due 2026\nMMM26\nNew York Stock Exchange\n1.750% Notes due 2030\nMMM30\nNew York Stock Exchange\n1.500% Notes due 2031\nMMM31\nNew York Stock Exchange\n\nTitle class\n Trading Symbol(s\n Name exchange registered\n Common Stock Value $. 01 Per Share\n MMM\n New York Stock Exchange\n Chicago Stock Exchange.\n. 500% Notes due 2026\n MMM26\n New York Stock Exchange\n. 750% Notes 2030\n MMM30\n New York Stock Exchange\n. 500% Notes 2031\n MMM31\n New York Stock Exchange"}
{"_id": "dd2ac1222", "title": "", "text": "Today, we are a global leader in developing and producing responsible\npackaging for food, beverage, pharmaceutical, medical, home and personal-care, and other products\n\nToday, we are global leader in developing producing responsible\n packaging for food beverage pharmaceutical medical home personal-care other products"}
{"_id": "dd2abfada", "title": "", "text": "128 \nConsolidated Balance Sheets\nDecember 31, 2022 and 2021\n2022\n2021\n(in millions, except share and per share data)\nASSETS\nCURRENT ASSETS\nCash and cash equivalents\n$\n1,374 \n$\n943 \nRestricted cash\n536 \n304 \nShort-term investments\n730 \n232 \nAccounts receivable, net of allowance for doubtful accounts of $5 and $5, respectively\n1,799 \n1,418 \nInventory\n1,055 \n604 \nPrepaid expenses\n98 \n142 \nOther current assets, net of CECL allowance of $2 and $0, respectively\n1,533 \n897 \nCurrent held-for-sale assets\n518 \n816 \nTotal current assets\n7,643 \n5,356 \nNONCURRENT ASSETS\nProperty, Plant and Equipment:\nLand\n470 \n426 \nElectric generation, distribution assets and other\n26,599 \n25,552 \nAccumulated depreciation\n(8,651)\n(8,486)\nConstruction in progress\n4,621 \n2,414 \nProperty, plant and equipment, net\n23,039 \n19,906 \nOther Assets:\nInvestments in and advances to affiliates\n952 \n1,080 \nDebt service reserves and other deposits\n177 \n237 \nGoodwill\n362 \n1,177 \nOther intangible assets, net of accumulated amortization of $434 and $385, respectively\n1,841 \n1,450 \nDeferred income taxes\n319 \n409 \nLoan receivable, net of allowance of $26\n1,051 \n \nOther noncurrent assets, net of allowance of $51 and $23, respectively\n2,979 \n2,188 \nNoncurrent held-for-sale assets\n \n1,160 \nTotal other assets\n7,681 \n7,701 \nTOTAL ASSETS\n$\n38,363 \n$\n32,963 \nLIABILITIES AND EQUITY\nCURRENT LIABILITIES\nAccounts payable\n$\n1,730 \n$\n1,153 \nAccrued interest\n249 \n182 \nAccrued non-income taxes\n249 \n266 \nAccrued and other liabilities\n2,151 \n1,205 \nNon-recourse debt, including $416 and $302, respectively, related to variable interest entities\n1,758 \n1,367 \nCurrent held-for-sale liabilities\n354 \n559 \nTotal current liabilities\n6,491 \n4,732 \nNONCURRENT LIABILITIES\nRecourse debt\n3,894 \n3,729 \nNon-recourse debt, including $2,295 and $2,223, respectively, related to variable interest entities\n17,846 \n13,603 \nDeferred income taxes\n1,139 \n977 \nOther noncurrent liabilities\n3,168 \n3,358 \nNoncurrent held-for-sale liabilities\n \n740 \nTotal noncurrent liabilities\n26,047 \n22,407 \nCommitments and Contingencies (see Notes 12 and 13)\nRedeemable stock of subsidiaries\n1,321 \n1,257 \nEQUITY\nTHE AES CORPORATION STOCKHOLDERS EQUITY\nPreferred stock (without par value, 50,000,000 shares authorized; 1,043,050 issued and outstanding at December 31, 2022 and\nDecember 31, 2021)\n838 \n838 \nCommon stock ($0.01 par value, 1,200,000,000 shares authorized; 818,790,001 issued and 668,743,464 outstanding at December\n31, 2022 and 818,717,043 issued and 666,793,625 outstanding at December 31, 2021)\n8 \n8 \nAdditional paid-in capital\n6,688 \n7,106 \nAccumulated deficit\n(1,635)\n(1,089)\nAccumulated other comprehensive loss\n(1,640)\n(2,220)\nTreasury stock, at cost (150,046,537 and 151,923,418 shares at December 31, 2022 and December 31, 2021, respectively)\n(1,822)\n(1,845)\nTotal AES Corporation stockholders equity\n2,437 \n2,798 \nNONCONTROLLING INTERESTS\n2,067 \n1,769 \nTotal equity\n4,504 \n4,567 \nTOTAL LIABILITIES AND EQUITY\n$\n38,363 \n$\n32,963 \nSee Accompanying Notes to Consolidated Financial Statements.\n\n128\n Consolidated Balance Sheets\n December 31, 2022 2021\n millions except share share data\n CURRENT ASSETS\n Cash cash equivalents\n $\n 1,374\n 943\n Restricted cash\n 536\n 304\n Short-term investments\n 730\n 232\n Accounts receivable allowance doubtful accounts $5 $5\n 1,799\n 1,418\n Inventory\n 1,055\n 604\n Prepaid expenses\n 98\n 142\n Other current assets CECL allowance $2 $0\n 1,533\n 897\n Current held-for-sale assets\n 518\n 816\n Total current assets\n 5,356\n NONCURRENT\n Property Plant Equipment\n Land\n 470\n 426\n Electric generation distribution assets\n 26,599\n 25,552\n Accumulated depreciation\n (8,651)\n (8,486)\n Construction progress\n 4,621 2,414\n Property plant equipment net\n 23,039\n 19,906\n Other Assets\n Investments advances affiliates\n 952\n 1,080\n Debt service reserves deposits\n 177\n 237\n Goodwill\n 362\n 1,177\n Other intangible assets accumulated amortization $434 $385\n 1,841\n 1,450\n Deferred income taxes\n 319\n 409\n Loan receivable allowance $26\n 1,051\n Other noncurrent assets net allowance $51 $23\n 2,979\n 2,188\n Noncurrent held-for-sale assets\n 1,160\n Total other assets\n 7,681\n 7,701\n TOTAL\n $\n 38,363\n 32,963\n LIABILITIES EQUITY\n CURRENT LIABILITIES\n Accounts payable\n $\n 1,730\n 1,153\n Accrued interest\n 249\n 182\n Accrued non-income taxes\n 249\n 266\n Accrued other liabilities\n 2,151\n 1,205\nNon debt $416 $302 variable interest entities\n 1,758\n 1,367\n Current held-for-sale liabilities\n 354\n 559\n Total current liabilities\n 6,491\n 4,732\n NONCURRENT LIABILITIES\n Recourse debt\n 3,894\n 3,729\n Non-recourse debt $2,295 $2,223 variable interest entities\n 17,846\n 13,603\n Deferred income taxes\n 1,139\n 977\n Other noncurrent liabilities\n 3,168\n 3,358\n Noncurrent held-for-sale liabilities\n 740\n Total noncurrent liabilities\n 26,047\n 22,407\n Commitments Contingencies Notes 12 13\n Redeemable stock subsidiaries\n 1,321\n 1,257\n AES CORPORATION EQUITY\n Preferred stock 50,000,000 authorized 1,043,050 issued outstanding December 31, 2022\n 31, 2021\n 838\n Common stock ($0. 01 par value 1,200,000,000 shares authorized 818,790,001 issued 668,743,464 outstanding December\n 31, 2022 818,717,043 666,793,625 December 31, 2021\n 8\n Additional paid-in capital\n 6,688\n 7,106\n Accumulated deficit\n (1,635)\n (1,089)\n comprehensive loss\n (1,640)\n (2,220)\n Treasury stock (150,046,537 151,923,418 shares December 31, 2022 31, 2021\n (1,822)\n (1,845)\n Total AES Corporation stockholders equity\n 2,437\n 2,798\n NONCONTROLLING INTERESTS\n 2,067\n 1,769\n Total equity\n 4,504\n 4,567\n TOTAL LIABILITIES EQUITY\n 38,363\n 32,963\n Accompanying Notes Consolidated Financial Statements."}
{"_id": "dd2ad4e6c", "title": "", "text": "The Company is facing multiple lawsuits, including by state Attorneys General, governmental subdivisions and several putative class actions, regarding drug\npricing and its rebate arrangements with drug manufacturers. These complaints, brought by a number of different types of plaintiffs under a variety of legal\ntheories, generally allege that rebate agreements between the drug manufacturers and PBMs caused inflated prices for certain drug products.\n\nCompany facing multiple lawsuits including by state Attorneys General, governmental subdivisions putative class actions, regarding drug\n pricing rebate arrangements with drug manufacturers. complaints, brought by different types plaintiffs under variety of legal\n theories, allege rebate agreements between drug manufacturers and PBMs caused inflated prices for certain drug products."}
{"_id": "dd2aec936", "title": "", "text": "Table of Contents\nNIKE, Inc. Consolidated Statements of Income\n \n \n \nYear Ended May 31,\n(In millions, except per share data)\n \n2018\n \n2017\n \n2016\nRevenues\n $\n36,397\n $\n34,350 $\n32,376\nCost of sales\n \n20,441\n \n19,038 \n17,405\nGross profit\n \n15,956\n \n15,312 \n14,971\nDemand creation expense\n \n3,577\n \n3,341 \n3,278\nOperating overhead expense\n \n7,934\n \n7,222 \n7,191\nTotal selling and administrative expense\n \n11,511\n \n10,563 \n10,469\nInterest expense (income), net\n \n54\n \n59 \n19\nOther expense (income), net\n \n66\n \n(196) \n(140)\nIncome before income taxes\n \n4,325\n \n4,886 \n4,623\nIncome tax expense\n \n2,392\n \n646 \n863\nNET INCOME\n $\n1,933\n $\n4,240 $\n3,760\n \n \n \n \nEarnings per common share:\n \n \n \nBasic\n $\n1.19\n $\n2.56 $\n2.21\nDiluted\n $\n1.17\n $\n2.51 $\n2.16\n \n \n \n \nDividends declared per common share\n $\n0.78\n $\n0.70 $\n0.62\nThe accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.\n44\n\nTable Contents\n NIKE Inc. Consolidated Statements Income\n Year Ended May 31,\n millions share data\n 2018\n 2017\n 2016\n Revenues\n $\n 36,397\n $ 34,350 $\n 32,376\n Cost sales\n 20,441\n 19,038\n 17,405\n Gross profit\n 15,956\n 15,312\n 14,971\n Demand creation expense\n 3,577\n 3,341\n 3,278\n Operating overhead expense\n 7,222\n 7,191\n Total selling administrative expense\n 11,511\n 10,563\n 10,469\n Interest expense (income),\n 54\n 59\n 19\n Other expense (income),\n 66\n (196)\n (140)\n Income income taxes\n 4,325\n 4,886\n Income tax expense\n 2,392\n INCOME\n $ 1,933\n $ 4,240 $\n 3,760\n Earnings common share\n Basic $ 1. 19\n $\n 2. 56 $\n 2. 21\n Diluted\n $ 1. 17\n $ 2. 51 $\n 2. 16\n Dividends declared common share\n $ 0. 78\n $\n 0. 70 $\n. 62\n accompanying Notes Consolidated Financial Statements integral part statement.\n 44"}
{"_id": "dd2addc24", "title": "", "text": "The Kraft Heinz Company\nConsolidated Statements of Income\n(in millions, except per share data)\n \nDecember 28, 2019 December 29, 2018 December 30, 2017\nNet sales\n$\n24,977\n $\n26,268 $\n26,076\nCost of products sold\n16,830\n \n17,347 \n17,043\nGross profit\n8,147\n \n8,921 \n9,033\nSelling, general and administrative expenses, excluding impairment losses\n3,178\n \n3,190 \n2,927\nGoodwill impairment losses\n1,197\n \n7,008 \n\nIntangible asset impairment losses\n702\n \n8,928 \n49\nSelling, general and administrative expenses\n5,077\n \n19,126 \n2,976\nOperating income/(loss)\n3,070\n \n(10,205) \n6,057\nInterest expense\n1,361\n \n1,284 \n1,234\nOther expense/(income)\n(952) \n(168) \n(627)\nIncome/(loss) before income taxes\n2,661\n \n(11,321) \n5,450\nProvision for/(benefit from) income taxes\n728\n \n(1,067) \n(5,482)\nNet income/(loss)\n1,933\n \n(10,254) \n10,932\nNet income/(loss) attributable to noncontrolling interest\n(2) \n(62) \n(9)\nNet income/(loss) attributable to common shareholders\n$\n1,935\n $\n(10,192) $\n10,941\nPer share data applicable to common shareholders:\n \n \n \nBasic earnings/(loss)\n$\n1.59\n $\n(8.36) $\n8.98\nDiluted earnings/(loss)\n1.58\n \n(8.36) \n8.91\nSee accompanying notes to the consolidated financial statements.\n45\n\nKraft Heinz Company\n Consolidated Statements Income\n millions except share data\n December 28, 2019 29, 2018 30, 2017\n Net sales\n $\n 24,977\n 26,268 $\n 26,076\n Cost products sold\n 16,830\n 17,347\n 17,043\n Gross profit\n 8,147\n 9,033\n Selling general administrative expenses excluding impairment losses\n 3,178\n 3,190\n 2,927\n Goodwill impairment losses\n 1,197\n 7,008\n Intangible impairment losses\n 702\n 49\n Selling general administrative expenses\n 5,077\n 19,126\n 2,976\n Operating income/(loss)\n 3,070\n (10,205)\n Interest expense\n 1,361\n 1,284\n 1,234\n Other expense/(income\n (952)\n (168)\n (627)\n Income/(loss) before income taxes\n 2,661\n (11,321)\n 5,450\n Provision(benefit income taxes\n 728\n (1,067)\n (5,482)\n Net income/(loss\n 1,933\n (10,254)\n 10,932\n Net income(loss noncontrolling interest\n (62) Net income common shareholders\n $\n 1,935\n (10,192)\n 10,941\n share data common shareholders\n Basic earnings/(loss)\n $ 1. 59\n $ (8. 36)\n 8. 98\n Diluted earnings/(loss)\n 1. 58\n (8. 36\n.\n accompanying notes consolidated financial statements.\n 45"}
{"_id": "dd2ad9520", "title": "", "text": "Analysis of Consolidated Earnings Before Provision for Taxes on Income\nConsolidated earnings before provision for taxes on income was $21.7 billion and $22.8 billion for the years 2022 and 2021, respectively. As a percent to\nsales, consolidated earnings before provision for taxes on income was 22.9% and 24.3%, in 2022 and 2021, respectively.\n(Dollars in billions. Percentages in chart are as a percent to total sales)\nCost of Products Sold and Selling, Marketing and Administrative Expenses:\n(Dollars in billions. Percentages in chart are as a percent to total sales)\nCost of products sold increased as a percent to sales driven by:\n\nOne-time COVID-19 vaccine manufacturing exit related costs\n\nCurrency impacts in the Pharmaceutical segment\n\nCommodity inflation in the MedTech and Consumer Health segments\npartially offset by\n\nSupply chain benefits in the Consumer Health segment\nThe intangible asset amortization expense included in cost of products sold was $4.3 billion and $4.7 billion for the fiscal years 2022 and 2021,\nrespectively.\n\nAnalysis Consolidated Earnings Before Provision Taxes on Income\n Consolidated earnings before provision taxes was $21. 7 billion and $22. 8 billion years 2022 2021 respectively. percent to\n sales consolidated earnings before provision taxes was 22. 9% and 24. 3%, in 2022 2021 respectively.\n (Dollars in billions. Percentages chart percent to total sales)\n Cost of Products Sold Selling, Marketing Administrative Expenses:\n (Dollars billions. Percentages chart percent to total sales\n Cost of products sold increased percent to sales driven by\n One-time COVID-19 vaccine manufacturing exit related costs\n Currency impacts in Pharmaceutical segment\n Commodity inflation MedTech Consumer Health segments\n partially offset by\n Supply chain benefits in Consumer Health segment\n intangible asset amortization expense in cost of products sold was $4. 3 billion and $4. 7 billion for fiscal years 2022 2021\n."}
{"_id": "dd2af0432", "title": "", "text": "PayPal Holdings, Inc.\nCONSOLIDATED BALANCE SHEETS\n \nAs of December 31,\n2022\n2021\n \n(In millions, except par value)\nASSETS\nCurrent assets:\nCash and cash equivalents\n$\n7,776 \n$\n5,197 \nShort-term investments\n3,092 \n4,303 \nAccounts receivable, net\n963 \n800 \nLoans and interest receivable, net of allowances of $598 and $491 as of December 31, 2022 and 2021,\nrespectively\n7,431 \n4,846 \nFunds receivable and customer accounts\n36,357 \n36,141 \nPrepaid expenses and other current assets\n1,898 \n1,287 \nTotal current assets\n57,517 \n52,574 \nLong-term investments\n5,018 \n6,797 \nProperty and equipment, net\n1,730 \n1,909 \nGoodwill\n11,209 \n11,454 \nIntangible assets, net\n788 \n1,332 \nOther assets\n2,455 \n1,737 \nTotal assets\n$\n78,717 \n$\n75,803 \nLIABILITIES AND EQUITY\nCurrent liabilities:\nAccounts payable\n$\n126 \n$\n197 \nFunds payable and amounts due to customers\n40,107 \n38,841 \nAccrued expenses and other current liabilities\n4,055 \n3,755 \nIncome taxes payable\n813 \n236 \nTotal current liabilities\n45,101 \n43,029 \nDeferred tax liability and other long-term liabilities\n2,925 \n2,998 \nLong-term debt\n10,417 \n8,049 \nTotal liabilities\n58,443 \n54,076 \nCommitments and contingencies (Note 13)\nEquity:\nCommon stock, $0.0001 par value; 4,000 shares authorized; 1,136 and 1,168 shares outstanding as of\nDecember 31, 2022 and 2021, respectively\n \n \nPreferred stock, $0.0001 par value; 100 shares authorized, unissued\n \n \nTreasury stock at cost, 173 and 132 shares as of December 31, 2022 and 2021, respectively\n(16,079)\n(11,880)\nAdditional paid-in-capital\n18,327 \n17,208 \nRetained earnings\n18,954 \n16,535 \nAccumulated other comprehensive income (loss)\n(928)\n(136)\nTotal equity\n20,274 \n21,727 \nTotal liabilities and equity\n$\n78,717 \n$\n75,803 \nThe accompanying notes are an integral part of these consolidated financial statements.\n6\n\nPayPal Holdings Inc.\n CONSOLIDATED BALANCE\n December 31,\n 2022\n 2021\n millions except par value\n Current assets\n Cash equivalents\n $\n 7,776\n 5,197\n Short-term investments\n 3,092\n 4,303\n Accounts receivable net\n 963\n 800\n Loans interest receivable $598 $491 December 31, 2022 2021\n 7,431\n Funds receivable customer accounts\n 36,357\n 36,141\n Prepaid expenses current assets\n 1,898\n 1,287\n Total current assets\n 57,517\n 52,574\n Long-term investments\n 5,018\n Property equipment net\n 1,730\n 1,909\n Goodwill\n 11,209\n 11,454\n Intangible assets net\n 788\n 1,332\n Other assets\n 2,455\n 1,737\n Total assets\n $\n 78,717\n 75,803\n LIABILITIES EQUITY\n Current liabilities\n Accounts payable\n $\n 126\n $\n 197\n Funds payable amounts due customers\n 40,107\n 38,841\n Accrued expenses current liabilities\n 4,055\n 3,755\n Income taxes payable\n 813\n 236\n Total current liabilities\n 45,101\n 43,029\n Deferred tax liability long-term liabilities\n 2,925\n 2,998\n Long-term debt\n 10,417\n Total liabilities\n 58,443\n 54,076\n Commitments contingencies (Note 13\n Equity\n Common stock $0. 0001 par value shares authorized 1,136 1,168 shares outstanding\n December 31, 2022 2021\n Preferred stock $0. 0001 par value 100 shares authorized unissued\n Treasury stock cost 173 132 shares December 31, 2022 2021\n (16,079)\n (11,880)\nAdditional paid-in-capital\n 18,327\n 17,208\n Retained earnings\n 18,954\n 16,535\n Accumulated comprehensive income (loss\n (928)\n Total equity\n 20,274\n 21,727\n liabilities equity\n $\n 78,717\n $\n 75,803\n accompanying notes consolidated financial statements.\n 6"}
{"_id": "dd2ad469c", "title": "", "text": "Consolidated Balance Sheets\nAt December 31,\nIn millions, except per share amounts\n2022\n2021\nAssets:\n \nCash and cash equivalents\n$\n12,945 $\n9,408 \nInvestments\n2,778 \n3,117 \nAccounts receivable, net\n27,276 \n24,431 \nInventories\n19,090 \n17,760 \nAssets held for sale\n908 \n \nOther current assets\n2,685 \n5,292 \nTotal current assets\n65,682 \n60,008 \nLong-term investments\n21,096 \n23,025 \nProperty and equipment, net\n12,873 \n12,896 \nOperating lease right-of-use assets\n17,872 \n19,122 \nGoodwill\n78,150 \n79,121 \nIntangible assets, net\n24,754 \n29,026 \nSeparate accounts assets\n3,228 \n5,087 \nOther assets\n4,620 \n4,714 \nTotal assets\n$\n228,275 $\n232,999\n\nConsolidated Balance Sheets\n December 31,\n millions share amounts\n 2022\n 2021\n Assets\n Cash equivalents\n 12,945\n 9,408\n Investments\n 2,778\n 3,117\n Accounts receivable\n 27,276\n 24,431\n Inventories\n 19,090\n 17,760\n Assets sale\n 908\n current assets\n 2,685\n 5,292\n Total assets\n 65,682\n 60,008\n Long-term investments\n 21,096\n 23,025\n Property equipment\n 12,873\n 12,896\n Operating lease right-of-use assets\n 17,872\n 19,122\n Goodwill\n 78,150\n 79,121\n Intangible assets\n 24,754\n 29,026\n Separate accounts\n 3,228\n 5,087\n Other assets\n Total assets\n 228,275\n,999"}
{"_id": "dd2ad061e", "title": "", "text": "THE COCA-COLA COMPANY AND SUBSIDIARIES\nCONSOLIDATED BALANCE SHEETS\nDecember 31,\n2017\n \n2016\n(In millions except par value)\n \n \nASSETS\n \n \nCURRENT ASSETS\n \n \nCash and cash equivalents\n$\n6,006\n $\n8,555\nShort-term investments\n9,352\n \n9,595\nTOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS\n15,358\n \n18,150\nMarketable securities\n5,317\n \n4,051\nTrade accounts receivable, less allowances of $477 and $466, respectively\n3,667\n \n3,856\nInventories\n2,655\n \n2,675\nPrepaid expenses and other assets\n2,000\n \n2,481\nAssets held for sale\n219\n \n2,797\nAssets held for sale discontinued operations\n7,329\n \n\nTOTAL CURRENT ASSETS\n36,545\n \n34,010\nEQUITY METHOD INVESTMENTS\n20,856\n \n16,260\nOTHER INVESTMENTS\n1,096\n \n989\nOTHER ASSETS\n4,560\n \n4,248\nPROPERTY, PLANT AND EQUIPMENT net\n8,203\n \n10,635\nTRADEMARKS WITH INDEFINITE LIVES\n6,729\n \n6,097\nBOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES\n138\n \n3,676\nGOODWILL\n9,401\n \n10,629\nOTHER INTANGIBLE ASSETS\n368\n \n726\nTOTAL ASSETS\n$\n87,896\n $\n87,270\nLIABILITIES AND EQUITY\n \n \nCURRENT LIABILITIES\n \n \nAccounts payable and accrued expenses\n$\n8,748\n $\n9,490\nLoans and notes payable\n13,205\n \n12,498\nCurrent maturities of long-term debt\n3,298\n \n3,527\nAccrued income taxes\n410\n \n307\nLiabilities held for sale\n37\n \n710\n Liabilities held for sale discontinued operations\n1,496\n \n\nTOTAL CURRENT LIABILITIES\n27,194\n \n26,532\nLONG-TERM DEBT\n31,182\n \n29,684\nOTHER LIABILITIES\n8,021\n \n4,081\nDEFERRED INCOME TAXES\n2,522\n \n3,753\nTHE COCA-COLA COMPANY SHAREOWNERS' EQUITY\n \n \n Common stock, $0.25 par value; Authorized 11,200 shares;\n Issued 7,040 and 7,040 shares, respectively\n1,760\n \n1,760\nCapital surplus\n15,864\n \n14,993\nReinvested earnings\n60,430\n \n65,502\nAccumulated other comprehensive income (loss)\n(10,305) \n(11,205)\nTreasury stock, at cost 2,781 and 2,752 shares, respectively\n(50,677) \n(47,988)\nEQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY\n17,072\n \n23,062\nEQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS\n1,905\n \n158\nTOTAL EQUITY\n18,977\n \n23,220\nTOTAL LIABILITIES AND EQUITY\n$\n87,896\n $\n87,270\nRefer to Notes to Consolidated Financial Statements.\n74\n\nCOCA-COLA COMPANY SUBSIDIARIES\n CONSOLIDATED BALANCE SHEETS\n December 31,\n 2017\n 2016 millions value ASSETS CURRENT ASSETS\n Cash cash equivalents\n 6,006\n 8,555\n Short-term investments\n 9,352\n 9,595\n TOTAL CASH CASH EQUIVALENTS SHORT-TERM INVESTMENTS\n 15,358\n 18,150\n Marketable securities\n 5,317\n 4,051\n Trade accounts receivable allowances $477 $466\n 3,667\n 3,856\n Inventories\n 2,655\n 2,675\n Prepaid expenses assets\n 2,000 2,481\n Assets held sale\n 219 2,797\n Assets held sale discontinued operations\n 7,329\n TOTAL CURRENT\n 36,545\n 34,010\n EQUITY INVESTMENTS\n 20,856\n 16,260\n OTHER INVESTMENTS\n 1,096\n 989 OTHER ASSETS\n 4,560\n 4,248\n PROPERTY PLANT EQUIPMENT\n 8,203\n 10,635\n TRADEMARKS INDEFINITE LIVES\n 6,729\n 6,097\n BOTTLERS' FRANCHISE RIGHTS INDEFINITE LIVES\n 138 3,676\n GOODWILL 9,401\n 10,629\n OTHER 368 726\n TOTAL\n 87,896\n $ 87,270\n LIABILITIES EQUITY\n CURRENT LIABILITIES\n Accounts payable accrued expenses\n 8,748\n 9,490\n Loans notes payable\n 13,205\n 12,498\n maturities long-term debt\n 3,298\n 3,527\n Accrued income taxes\n 410 307\n Liabilities held for sale\n 37\n 710\nLiabilities sale discontinued operations\n 1,496\n TOTAL CURRENT LIABILITIES\n 27,194\n 26,532\n-TERM DEBT\n 31,182\n 29,684\n OTHER LIABILITIES\n 4,081\n DEFERRED INCOME TAXES\n 2,522\n 3,753\n COCA COMPANY SHAREOWNERS' EQUITY\n Common stock $0. 25 par value Authorized 11,200 shares\n Issued 7,040 7,040 shares\n 1,760\n Capital surplus\n 15,864\n 14,993\n Reinvested earnings\n 60,430\n 65,502\n Accumulated comprehensive income (loss\n (10,305)\n (11,205)\n Treasury stock 2,781 2,752 shares\n (50,677)\n (47,988)\n EQUITY SHAREOWNERS COCA-COLA COMPANY\n 17,072\n 23,062\n EQUITY ATTRIBUTABLE NONCONTROLLING INTERESTS\n 1,905\n 158 TOTAL EQUITY\n 18,977\n 23,220\n TOTAL LIABILITIES EQUITY\n 87,896\n 87,270\n Notes Consolidated Financial Statements.\n 74"}
{"_id": "dd2aeaa0a", "title": "", "text": "Table of Contents\nNETFLIX, INC.\nCONSOLIDATED STATEMENTS OF OPERATIONS\n(in thousands, except per share data)\n \n \n \nYear ended December 31,\n \n \n2015\n \n2014\n \n2013\nRevenues\n $\n6,779,511 $\n5,504,656 $\n4,374,562\nCost of revenues\n \n4,591,476 \n3,752,760 \n3,117,203\nMarketing\n \n824,092 \n607,186 \n469,942\nTechnology and development\n \n650,788 \n472,321 \n378,769\nGeneral and administrative\n \n407,329 \n269,741 \n180,301\nOperating income\n \n305,826 \n402,648 \n228,347\nOther income (expense):\n \n \n \nInterest expense\n \n(132,716) \n(50,219) \n(29,142)\nInterest and other income (expense)\n \n(31,225) \n(3,060) \n(3,002)\nLoss on extinguishment of debt\n \n \n \n(25,129)\nIncome before income taxes\n \n141,885 \n349,369 \n171,074\nProvision for income taxes\n \n19,244 \n82,570 \n58,671\nNet income\n $\n122,641 $\n266,799 $\n112,403\nEarnings per share:\n \n \n \nBasic\n $\n0.29 $\n0.63 $\n0.28\nDiluted\n $\n0.28 $\n0.62 $\n0.26\nWeighted-average common shares outstanding:\n \n \n \nBasic\n \n425,889 \n420,544 \n407,385\nDiluted\n \n436,456 \n431,894 \n425,327\nSee accompanying notes to consolidated financial statements.\n38\n\nTable Contents\n.\n CONSOLIDATED STATEMENTS OPERATIONS\n thousands share data\n ended December 31,\n 2015\n 2014\n 2013\n Revenues\n $ 6,779,511 $\n 5,504,656 $\n 4,374,562\n Cost revenues\n 4,591,476\n 3,752,760\n 3,117,203\n Marketing 824,092\n 607,186\n 469,942\n Technology development\n 650,788\n,321\n 378,769\n General administrative\n 407,329\n 269,741\n 180,301\n Operating income\n 305,826\n 402,648\n 228,347\n Other income (expense):\n Interest expense\n (132,716)\n (50,219)\n (29,142)\n Interest income (expense\n (31,225)\n (3,060)\n (3,002)\n Loss extinguishment debt\n (25,129)\n Income before income taxes\n 141,885\n,369\n 171,074\n Provision income taxes\n 19,244\n 82,570\n 58,671\n Net income\n $ 122,641 $\n 266,799 $\n 112,403\n Earnings per share\n 0. 29 $\n. 63 $\n. 28\n Diluted\n $. 28 $\n. 62 $\n.\n Weighted-average common shares\n 425,889\n 420,544\n 407,385\n Diluted,456\n 431,894\n 425,327\n accompanying notes consolidated financial statements.\n 38"}
{"_id": "dd2ad2676", "title": "", "text": "Consolidated Balance Sheets\nCorning Incorporated and Subsidiary Companies\n \n \n \nDecember 31,\n \n(in millions, except share and per share amounts)\n \n2022\n \n2021\n \n \n \n \n \nAssets\n \n \n \n \n \n \n \nCurrent assets:\n \n \n \nCash and cash equivalents\n $\n1,671 $\n2,148 \nTrade accounts receivable, net of doubtful accounts - $40 and $42\n \n1,721 \n2,004 \nInventories (Note 5)\n \n2,904 \n2,481 \nOther current assets (Notes 10 and 14)\n \n1,157 \n1,026 \nTotal current assets\n \n7,453 \n7,659 \n \n \n \n \nProperty, plant and equipment, net of accumulated depreciation - $14,147 and $13,969 (Note 8)\n \n15,371 \n15,804 \nGoodwill, net (Note 9)\n \n2,394 \n2,421 \nOther intangible assets, net (Note 9)\n \n1,029 \n1,148 \nDeferred income taxes (Note 7)\n \n1,073 \n1,066 \nOther assets (Notes 10 and 14)\n \n2,179 \n2,056 \n \n \n \n \nTotal Assets\n $\n29,499 $\n30,154 \n \n \n \n \nLiabilities and Equity\n \n \n \n \n \n \n \nCurrent liabilities:\n \n \n \nCurrent portion of long-term debt and short-term borrowings (Note 11)\n $\n224 $\n55 \nAccounts payable\n \n1,804 \n1,612 \nOther accrued liabilities (Notes 10 and 13)\n \n3,147 \n3,139 \nTotal current liabilities\n \n5,175 \n4,806 \n \n \n \n \nLong-term debt (Note 11)\n \n6,687 \n6,989 \nPostretirement benefits other than pensions (Note 12)\n \n407 \n622 \nOther liabilities (Notes 10 and 13)\n \n4,955 \n5,192 \nTotal liabilities\n \n17,224 \n17,609\n\nConsolidated Balance Sheets\n Corning Incorporated Subsidiary Companies\n December 31,\n millions except share share amounts\n 2022\n 2021\n Assets\n Current assets\n Cash cash equivalents\n $ 1,671 $\n 2,148\n Trade accounts receivable doubtful $40 $42\n 1,721\n 2,004\n Inventories (Note 5)\n 2,904\n 2,481\n Other current assets (Notes 10 14)\n 1,157\n 1,026\n Total current assets\n 7,453\n 7,659\n Property plant equipment accumulated depreciation $14,147 $13,969 (Note 8)\n 15,371\n 15,804\n Goodwill net (Note 9)\n 2,394\n 2,421\n Other intangible assets (Note 9)\n 1,029\n 1,148\n Deferred income taxes (Note 7)\n 1,073\n 1,066\n Other assets (Notes 10 14)\n 2,179\n 2,056\n Total Assets\n $ 29,499 $\n 30,154\n Liabilities Equity\n Current liabilities\n Current portion long debt short-term borrowings (Note 11)\n 224 $\n 55 Accounts payable\n 1,804\n 1,612\n Other accrued liabilities (Notes 10 13)\n 3,147\n 3,139\n Total current liabilities\n 5,175\n Long-term debt (Note 11)\n 6,687\n 6,989\n Postretirement benefits pensions (Note 12)\n 407 Other liabilities (Notes 10 13)\n 4,955\n 5,192\n Total liabilities\n 17,224\n 17,609"}
{"_id": "dd2ac1a1a", "title": "", "text": "Twelve Months Ended June 30, 2022\nTwelve Months Ended June 30, 2023\n($ million)\nEBITDA\nEBIT\nNet \nIncome\nEPS \n(Diluted\nUS \ncents)(1)\nEBITDA\nEBIT\nNet \nIncome\nEPS \n(Diluted \nUS \ncents)(1)\nNet income attributable to Amcor\n \n805 \n \n805 \n \n805 \n \n52.9 \n \n1,048 \n \n1,048 \n \n1,048 \n \n70.5 \nNet income attributable to non-controlling \ninterests\n \n10 \n \n10 \n \n10 \n \n10 \nTax expense\n \n300 \n \n300 \n \n193 \n \n193 \nInterest expense, net\n \n135 \n \n135 \n \n259 \n \n259 \nDepreciation and amortization\n \n579 \n \n569 \nEBITDA, EBIT, Net income and EPS\n \n1,829 \n \n1,250 \n \n805 \n \n52.9 \n \n2,080 \n \n1,510 \n \n1,048 \n \n70.5 \n2019 Bemis Integration Plan\n \n37 \n \n37 \n \n37 \n \n2.5 \n \n \n \n \n \n \n \n \nNet loss on disposals(2)\n \n10 \n \n10 \n \n10 \n \n0.7 \n \n \n \n \n \n \n \n \nImpact of hyperinflation\n \n16 \n \n16 \n \n16 \n \n1.0 \n \n24 \n \n24 \n \n24 \n \n1.9 \nProperty and other losses, net(3)\n \n13 \n \n13 \n \n13 \n \n0.8 \n \n2 \n \n2 \n \n2 \n \n0.1 \nRussia-Ukraine conflict impacts(4)\n \n200 \n \n200 \n \n200 \n \n13.2 \n \n(90) \n(90) \n(90) \n(6.0) \nPension settlements\n \n8 \n \n8 \n \n8 \n \n0.5 \n \n5 \n \n5 \n \n5 \n \n0.3 \nOther\n \n4 \n \n4 \n \n4 \n \n0.3 \n \n(3) \n(3) \n(3) \n(0.3) \nAmortization of acquired intangibles (5)\n \n163 \n \n163 \n \n10.7 \n \n160 \n \n160 \n \n10.8 \nTax effect of above items \n \n(32) \n(2.1) \n \n(57) \n(4.0) \nAdjusted EBITDA, EBIT, Net income and EPS \n \n2,117 \n \n1,701 \n \n1,224 \n \n80.5 \n \n2,018 \n \n1,608 \n \n1,089 \n \n73.3\n\nTwelve Months Ended June 30, 2022\n Months Ended June 30, 2023\n ($ million)\n EBITDA\n EBIT Net\n Income\n EPS\n (Diluted\n US\n cents)(1)\n EBITDA\n EBIT Net\n Income\n EPS\n (Diluted US\n cents)(1)\n Net income attributable Amcor\n 52. 9\n 1,048\n 1,048\n 1,048\n 70. 5\n Net income non-controlling\n interests\n 10\n 10\n 10 10 Tax expense\n 300\n 300\n 193\n 193\n Interest expense net\n 135\n 135\n 259\n 259\n Depreciation amortization\n EBITDA, EBIT, Net income EPS\n 1,829\n 1,250\n 805\n 52. 9\n 2,080\n 1,510\n 1,048\n 70. 5\n 2019 Bemis Integration Plan\n 37\n 37\n 37\n 2. 5\n Net loss on disposals(2)\n 10\n 10\n 10 0. 7\n Impact hyperinflation\n 16\n 16 16 1. 0\n 24\n 24 24 1. 9\n Property other losses net(3)\n 13\n 13\n 13 0. 8\n 2 2 2 0. 1\n Russia-Ukraine conflict impacts(4)\n 200\n 200\n 200 13. 2\n (90)\n (90)\n (90) (6. 0)\n Pension settlements\n 8 8 8 0. 5\n 5 5 5 0. 3\n Other 4 4 4 0. 3\n (3) (3) (3). 3)\n Amortization acquired intangibles (5)\n 163\n 163\n 10. 7\n 160\n 160\n 10. 8\nTax effect items\n (32) (2. 1)\n (57)\n (4. 0\n Adjusted EBITDA income EPS\n 2,117\n 1,701\n 1,224\n 80. 5\n 2,018\n 1,608\n 1,089\n 73. 3"}
{"_id": "dd2ad4624", "title": "", "text": "Consolidated Statements of Operations\nFor the Years Ended December 31,\nIn millions, except per share amounts\n2022\n2021\n2020\nRevenues:\n \n \n \nProducts\n$\n226,616 $\n203,738 $\n190,688 \nPremiums\n85,330 \n76,132 \n69,364 \nServices\n9,683 \n11,042 \n7,856 \nNet investment income\n838 \n1,199 \n798 \nTotal revenues\n322,467 \n292,111 \n268,706 \nOperating costs:\nCost of products sold\n196,892 \n175,803 \n163,981 \nBenefit costs\n71,281 \n64,260 \n55,679 \nOpioid litigation charges\n5,803 \n \n \nLoss on assets held for sale\n2,533 \n \n \nStore impairments\n \n1,358 \n \nGoodwill impairment\n \n431 \n \nOperating expenses\n38,212 \n37,066 \n35,135 \nTotal operating costs\n314,721 \n278,918 \n254,795 \nOperating income\n7,746 \n13,193 \n13,911 \nInterest expense\n2,287 \n2,503 \n2,907 \nLoss on early extinguishment of debt\n \n452 \n1,440 \nOther income\n(169)\n(182)\n(206)\nIncome before income tax provision\n5,628 \n10,420 \n9,770 \nIncome tax provision\n1,463 \n2,522 \n2,569 \nIncome from continuing operations\n4,165 \n7,898 \n7,201 \nLoss from discontinued operations, net of tax\n \n \n(9)\nNet income\n4,165 \n7,898 \n7,192\n\nConsolidated Statements Operations\n Years Ended December 31,\n millions share amounts\n 2022\n 2021\n 2020\n Revenues\n Products 226,616\n 203,738 $\n 190,688\n Premiums\n 85,330\n 76,132\n 69,364\n Services 9,683\n 11,042\n Net investment income\n 1,199\n Total revenues\n 322,467\n 292,111\n 268,706\n Operating costs\n products sold\n 196,892\n 175,803\n 163,981\n Benefit costs\n 71,281\n 64,260\n 55,679\n charges\n Loss assets sale\n 2,533\n impairments\n 1,358\n Goodwill impairment\n 431 Operating expenses\n 38,212\n 37,066\n 35,135\n Total operating costs\n 314,721\n 278,918\n 254,795\n Operating income\n 7,746\n 13,193\n 13,911\n Interest expense\n 2,287\n 2,503\n 2,907\n Loss early extinguishment debt\n 452 1,440\n Other income\n (169) Income before income tax provision\n 5,628 10,420\n 9,770\n Income tax provision\n 1,463\n 2,522\n 2,569\n Income continuing operations\n 4,165\n 7,898\n 7,201\n Loss discontinued operations tax\n income\n 4,165\n 7,898\n 7,192"}
{"_id": "dd2af432a", "title": "", "text": "Table of Contents\nConsolidated Statement of Cash Flows\nPepsiCo, Inc. and Subsidiaries\nFiscal years ended December 31, 2022, December 25, 2021 and December 26, 2020\n(in millions)\n2022\n2021\n2020\nOperating Activities\nNet income\n$\n8,978 $\n7,679 $\n7,175 \nDepreciation and amortization\n2,763 \n2,710 \n2,548 \nGain associated with the Juice Transaction\n(3,321)\n \n \nImpairment and other charges\n3,618 \n \n \nOperating lease right-of-use asset amortization\n517 \n505 \n478 \nShare-based compensation expense\n343 \n301 \n264 \nRestructuring and impairment charges\n411 \n247 \n289 \nCash payments for restructuring charges\n(224)\n(256)\n(255)\nAcquisition and divestiture-related charges\n80 \n(4)\n255 \nCash payments for acquisition and divestiture-related charges\n(46)\n(176)\n(131)\nPension and retiree medical plan expenses\n419 \n123 \n408 \nPension and retiree medical plan contributions\n(384)\n(785)\n(562)\nDeferred income taxes and other tax charges and credits\n(873)\n298 \n361 \nTax expense related to the TCJ Act\n86 \n190 \n \nTax payments related to the TCJ Act\n(309)\n(309)\n(78)\nChange in assets and liabilities:\nAccounts and notes receivable\n(1,763)\n(651)\n(420)\nInventories\n(1,142)\n(582)\n(516)\nPrepaid expenses and other current assets\n118 \n159 \n26 \nAccounts payable and other current liabilities\n1,842 \n1,762 \n766 \nIncome taxes payable\n57 \n30 \n(159)\nOther, net\n(359)\n375 \n164 \nNet Cash Provided by Operating Activities\n10,811 \n11,616 \n10,613 \nInvesting Activities\nCapital spending\n(5,207)\n(4,625)\n(4,240)\nSales of property, plant and equipment\n251 \n166 \n55 \nAcquisitions, net of cash acquired, investments in noncontrolled affiliates and purchases of\nintangible and other assets\n(873)\n(61)\n(6,372)\nProceeds associated with the Juice Transaction\n3,456 \n \n \nOther divestitures, sales of investments in noncontrolled affiliates and other assets\n49 \n169 \n6 \nShort-term investments, by original maturity:\nMore than three months - purchases\n(291)\n \n(1,135)\nMore than three months - maturities\n150 \n1,135 \n \nThree months or less, net\n24 \n(58)\n27 \nOther investing, net\n11 \n5 \n40 \nNet Cash Used for Investing Activities\n(2,430)\n(3,269)\n(11,619)\n(Continued on following page)\n62\n\nTable Contents\n Consolidated Statement Cash Flows\n PepsiCo. Subsidiaries\n Fiscal years December 31, 2022 25 2021 26, 2020\n millions\n 2021 Operating Activities\n Net income\n $\n 7,679 $\n 7,175\n Depreciation amortization\n 2,763\n 2,710\n 2,548\n Gain Juice Transaction\n (3,321)\n Impairment charges\n 3,618\n Operating lease right-of-use amortization\n 517\n 505\n Share-based compensation expense\n 343\n 301\n 264\n Restructuring impairment charges\n 411\n 247\n 289\n Cash payments restructuring charges\n (224)\n (256)\n (255)\n Acquisition divestiture-related charges\n 80\n 255\n Cash payments divestiture-related charges\n (46)\n (176)\n (131)\n Pension retiree medical plan expenses\n 419\n 123\n 408\n Pension retiree medical plan contributions\n (384)\n (785)\n (562)\n Deferred income taxes tax charges credits\n (873)\n 361\n Tax expense TCJ Act\n 86\n 190\n Tax payments TCJ Act\n (309)\n (309)\n (78)\n Change assets liabilities\n Accounts notes receivable\n (1,763)\n (651)\n (420)\n Inventories\n (1,142)\n (582)\n (516)\n Prepaid expenses current assets\n 118\n 159\n 26 Accounts payable current liabilities\n 1,842\n 1,762\n 766\n Income taxes payable\n 57\n 30\n (159)\n (359)\n 375\n 164 Cash Operating Activities\n 10,811\n 11,616\n 10,613\n Investing Activities\n Capital spending\n (5,207)\n (4,625)\n (4,240)\n Sales property plant equipment\n 251\n 166\n 55\nAcquisitions net cash acquired investments noncontrolled affiliates purchases\n intangible other assets\n (873)\n (61)\n (6,372)\n Proceeds associated Juice Transaction\n 3,456\n Other divestitures sales investments noncontrolled affiliates assets\n 49\n 169\n 6\n Short-term investments original maturity\n three months purchases\n (291)\n (1,135)\n three months maturities\n 150\n 1,135\n Three months less net\n 24\n (58)\n 27\n Other investing net\n 11\n 5\n 40\n Net Cash Used Investing Activities\n (2,430)\n (3,269)\n (11,619)\n (Continued following page)\n 62"}
{"_id": "dd2abf4f4", "title": "", "text": "Consolidated Balance Sheets\nDecember 31, 2022 and 2021\n2022\n2021\n(in millions, except share and per share data)\nASSETS\nCURRENT ASSETS\nCash and cash equivalents\n$\n1,374 \n$\n943 \nRestricted cash\n536 \n304 \nShort-term investments\n730 \n232 \nAccounts receivable, net of allowance for doubtful accounts of $5 and $5, respectively\n1,799 \n1,418 \nInventory\n1,055 \n604\n\nConsolidated Balance Sheets\n December 31, 2022 2021\n 2022\n (in millions except share share data)\n ASSETS\n CURRENT\n Cash equivalents\n $\n 1,374\n $\n 943\n Restricted cash\n 536\n 304\n Short-term investments\n 730\n 232\n Accounts receivable allowance doubtful accounts $5 $5\n 1,799\n 1,418\n Inventory\n 1,055\n"}
{"_id": "dd2b059ae", "title": "", "text": "Share Repurchase Program\nDuring the fourth quarter of fiscal 2022, the Company repurchased 722,457 shares of its\ncommon stock at a cost of $328.1 million. During fiscal 2022, the Company repurchased 2.2\nmillion shares of its common stock at a cost of $900.0 million. As of January 28, 2023, $1.1\nbillion remained available under the $2.0 billion share repurchase program announced in\nMarch 2022.\n\nShare Repurchase Program\n fourth quarter of fiscal 2022 Company repurchased 722,457 shares\n common stock cost $328. 1 million. During fiscal 2022, Company repurchased 2. 2\n million shares common stock cost $900. 0 million. As of January 28, 2023, $1. 1\n billion remained available under $2. 0 billion share repurchase program announced\n March 2022."}
{"_id": "dd2af18f0", "title": "", "text": "Forward-Looking Statements\nThis Annual Report on Form 10-K contains statements reflecting our views about our future performance that constitute\nforward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (Reform Act).\nStatements that constitute forward-looking statements within the meaning of the Reform Act are generally identified through the\ninclusion of words such as aim, anticipate, believe, drive, estimate, expect, expressed confidence, forecast,\nfuture, goal, guidance, intend, may, objective, outlook, plan, position, potential, project, seek,\nshould, strategy, target, will or similar statements or variations of such words and other similar expressions. All\nstatements addressing our future operating performance, and statements addressing events and developments that we expect or\nanticipate will occur in the future, are forward-looking statements within the meaning of the Reform Act. These forward-looking\nstatements are based on currently available information, operating plans and projections about future events and trends. They\ninherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in any such\nforward-looking statement. These risks and uncertainties include, but are not limited to, those described in Item 1A. Risk\nFactors and Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations Our Business\n Our Business Risks. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak\nonly as of the date they are made. We undertake no obligation to update any forward-looking statement, whether as a result of\nnew information, future events or otherwise. The discussion of risks in this report is by no means all-inclusive but is designed to\nhighlight what we believe are important factors to consider when evaluating our future performance.\nPART I\nItem 1. Business.\nWhen used in this report, the terms we, us, our, PepsiCo and the Company mean PepsiCo, Inc. and its consolidated\nsubsidiaries, collectively. Certain terms used in this Annual Report on Form 10-K are defined in the Glossary included in Item 7.\nof this report.\nCompany Overview\nWe were incorporated in Delaware in 1919 and reincorporated in North Carolina in 1986. We are a leading global beverage and\nconvenient food company with a complementary portfolio of brands, including Lays, Doritos, Cheetos, Gatorade, Pepsi-Cola,\nMountain Dew, Quaker and SodaStream. Through our operations, authorized bottlers, contract manufacturers and other third\nparties, we make, market, distribute and sell a wide variety of beverages and convenient foods, serving customers and consumers\nin more than 200 countries and territories.\nOur Operations\nWe are organized into seven reportable segments (also referred to as divisions), as follows:\n1) Frito-Lay North America (FLNA), which includes our branded convenient food businesses in the United States and\nCanada;\n2) Quaker Foods North America (QFNA), which includes our branded convenient food businesses, such as cereal, rice, pasta\nand other branded food, in the United States and Canada;\n3) PepsiCo Beverages North America (PBNA), which includes our beverage businesses in the United States and Canada;\n4) Latin America (LatAm), which includes all of our beverage and convenient food businesses in Latin America;\n5) Europe, which includes all of our beverage and convenient food businesses in Europe;\n\nForward-Looking Statements\n Annual Report on Form 10-K contains statements reflecting views about future performance\n forward-looking statements within meaning Private Securities Litigation Reform Act of 1995 (Reform Act).\n Statements forward-looking statements within Reform Act are identified through\n inclusion of words as aim, anticipate, believe, drive, estimate, expect, expressed confidence, forecast,\n future, goal, guidance, intend, may, objective, outlook, plan, position, potential, project, seek,\n should strategy, target, will or similar statements or variations words expressions. All\n statements addressing future operating performance, and statements addressing events and developments we expect or\n anticipate occur in future, are forward-looking statements within Reform Act. forward-looking\n statements are based on available information, operating plans projections about future events trends.\n involve risks and uncertainties that could cause actual results to differ from predicted in\n forward-looking statement. risks and uncertainties include not limited to those described in Item 1A. Risk\n Factors and Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations Our Business\n Business Risks. Investors cautioned not to place undue reliance on such forward-looking statements, speak\n only as of date they made. We undertake no obligation to update forward-looking statement\n new information future events or. discussion of risks in report is no all-inclusive but designed to\n highlight important factors to consider when evaluating future performance.\n PART I\n Item 1. Business.\n used in report terms we, us, our, PepsiCo and the Company mean PepsiCo, Inc. and its consolidated\n subsidiaries, collectively. Certain terms used in Annual Report on Form 10-K are defined in Glossary in Item 7.\n of this report.\n Company Overview\n incorporated in Delaware 1919 reincorporated North Carolina 1986. leading global beverage and\n convenient food company with complementary portfolio of brands including Lays, Doritos, Cheetos, Gatorade Pepsi-Cola,\n Mountain Dew Quaker SodaStream. Through our operations, authorized bottlers, contract manufacturers third\n parties, we make, market distribute sell wide variety of beverages convenient foods serving customers consumers\n in more than 200 countries and territories.\n Operations\n organized into seven reportable segments (also referred divisions),:\n 1) Frito-Lay North America (FLNA), includes branded convenient food businesses in United States\n Canada;\n 2) Quaker Foods North America (QFNA), includes branded convenient food businesses cereal, rice, pasta\n other branded food in United States Canada;\n 3) PepsiCo Beverages North America (PBNA), includes beverage businesses in United States and Canada;\n 4) Latin America (LatAm), includes all beverage and convenient food businesses in Latin America;\n 5) Europe, includes all beverage and convenient food businesses in Europe;"}
{"_id": "dd2ae3dfe", "title": "", "text": "MGM RESORTS INTERNATIONAL AND SUBSIDIARIES\nCONSOLIDATED STATEMENTS OF OPERATIONS\n(In thousands, except per share data)\n\n\n \nYear Ended December 31,\n \n \n \n2020\n \n \n2019\n \n \n2018\n \nRevenues\n\n\n\n\n\n\nCasino\n$\n2,871,720\n$\n6,517,759\n$\n5,753,150\nRooms\n\n830,382\n\n2,322,579\n\n2,212,573\nFoodandbeverage\n\n696,040\n\n2,145,247\n\n1,959,021\nEntertainment,retailandother\n\n518,991\n\n1,477,200\n\n1,412,860\nReimbursedcosts\n\n244,949\n\n436,887\n\n425,492\n\n\n5,162,082\n\n12,899,672\n\n11,763,096\nExpenses\n\n\n\n\n\n\nCasino\n\n1,701,783\n\n3,623,899\n\n3,199,775\nRooms\n\n419,156\n\n829,677\n\n791,761\nFoodandbeverage\n\n674,118\n\n1,661,626\n\n1,501,868\nEntertainment,retailandother\n\n412,705\n\n1,051,400\n\n999,979\nReimbursedcosts\n\n244,949\n\n436,887\n\n425,492\nGeneralandadministrative\n\n2,122,333\n\n2,101,217\n\n1,764,638\nCorporateexpense\n\n460,148\n\n464,642\n\n419,204\nPreopeningandstart-upexpenses\n\n84\n\n7,175\n\n151,392\nPropertytransactions,net\n\n93,567\n\n275,802\n\n9,147\nGainonREITtransactions,net\n\n(1,491,945)\n\n(2,677,996)\n\n\nDepreciationandamortization\n\n1,210,556\n\n1,304,649\n\n1,178,044\n\n\n5,847,454\n\n9,078,978\n\n10,441,300\nIncome from unconsolidated affiliates\n\n42,938\n\n119,521\n\n147,690\nOperating income (loss)\n\n(642,434)\n\n3,940,215\n\n1,469,486\nNon-operating income (expense)\n\n\n\n\n\n\nInterestexpense,netofamountscapitalized\n\n(676,380)\n\n(847,932)\n\n(769,513)\nNon-operatingitemsfromunconsolidatedaffiliates\n\n(103,304)\n\n(62,296)\n\n(47,827)\nOther,net\n\n(89,361)\n\n(183,262)\n\n(18,140)\n\n\n(869,045)\n\n(1,093,490)\n\n(835,480)\nIncome (loss) before income taxes\n\n(1,511,479)\n\n2,846,725\n\n634,006\nBenefit(provision)forincometaxes\n\n191,572\n\n(632,345)\n\n(50,112)\nNet income (loss)\n\n(1,319,907)\n\n2,214,380\n\n583,894\nLess:Net(income)lossattributabletononcontrollinginterests\n\n287,183\n\n(165,234)\n\n(117,122)\nNet income (loss) attributable to MGM Resorts International\n$\n(1,032,724)\n$\n2,049,146\n$\n466,772\n \n\n\n\n\n\n\nEarnings (loss) per share\n\n\n\n\n\n\nBasic\n$\n(2.02)\n$\n3.90\n$\n0.82\nDiluted\n$\n(2.02)\n$\n3.88\n$\n0.81\nWeighted average common shares outstanding\n\n\n\n\n\n\nBasic\n\n494,152\n\n524,173\n\n544,253\nDiluted\n\n494,152\n\n527,645\n\n549,536\n\n\nThe accompanying notes are an integral part of these consolidated financial statements.\n\n63\n\nMGM RESORTS INTERNATIONAL SUBSIDIARIES\n CONSOLIDATED STATEMENTS OPERATIONS\n thousands except share data) Year Ended December 31, 2020 2019 2018 Revenues Casino $ 2,871,720\n $ 6,517,759\n $,150\n Rooms 830,382\n 2,322,579\n 2,212,573\n Foodandbeverage 696,040\n 2,145,247\n 1,959,021\n Entertainment,retailandother 518,991\n 1,477,200\n 1,412,860\n Reimbursedcosts 244,949\n,887\n 425,492\n 5,162,082\n 12,899,672\n 11,763,096\n Expenses Casino 1,701,783\n 3,623,899\n 3,199,775\n Rooms 419,156\n 829,677\n 791,761\n Foodandbeverage 674,118\n 1,661,626\n 1,501,868\n Entertainment,retailandother 412,705\n 1,051,400\n 999,979\n Reimbursedcosts 244,949\n,887\n 425,492\n Generalandadministrative 2,122,333\n 2,101,217\n 1,764,638\n Corporateexpense 460,148\n,642\n 419,204\n Preopeningandstart-upexpenses 84 7,175 151,392\n Propertytransactions,net\n 93,567\n 275,802\n 9,147\n GainonREITtransactions,net (1,491,945)\n (2,677,996)\n Depreciationandamortization 1,210,556\n 1,304,649\n 1,178,044\n,454\n 9,078,978\n 10,441,300\n Income unconsolidated affiliates\n 42,938\n119,521\n 147,690\n Operating income (loss)\n (642,434)\n,215\n 1,469,486\n Non-operating income (expense)\n Interestexpense,netofamountscapitalized (676,380)\n (847,932)\n (769,513)\n Non-operatingitemsfromunconsolidatedaffiliates\n (103,304)\n (62,296)\n (47,827)\n (89,361)\n (183,262)\n (18,140)\n (869,045)\n (1,093,490)\n (835,480)\n Income (loss) before income taxes\n (1,511,479)\n 2,846,725\n,006\n Benefit(provision)forincometaxes\n 191,572\n (632,345)\n (50,112)\n Net income (loss)\n (1,319,907)\n 2,214,380\n 583,894\n Less:Net(income)lossattributabletononcontrollinginterests\n 287,183\n (165,234)\n (117,122)\n Net income (loss) attributable MGM Resorts International\n (1,032,724)\n 2,049,146\n 466,772\n Earnings (loss) per share\n $ (2. 02)\n 3. 90\n $ 0. 82\n Diluted\n $ (2. 02)\n 3. 88\n $. 81\n Weighted average common shares\n 494,152\n 524,173\n 544,253\n Diluted,152\n 527,645\n,536\n accompanying notes integral part of consolidated financial statements.\n 63"}
{"_id": "dd2b01854", "title": "", "text": "UNITED STATES\nSECURITIES AND EXCHANGE COMMISSION\nWashington, DC 20549\nFORM 10-K\n Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934\nFor the fiscal year ended January 28, 2023\nor\n Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934\nFor the transition period from _____________ to _____________\nCommission File Number: 001-33764\nULTA BEAUTY, INC.\n(Exact name of registrant as specified in its charter)\nDelaware\n(State or other jurisdiction of\nincorporation or organization)\n38-4022268\n(I.R.S. Employer\nIdentification No.)\n1000 Remington Blvd., Suite 120\nBolingbrook, Illinois\n(Address of principal executive offices)\n60440\n(Zip code)\nRegistrants telephone number, including area code: (630) 410-4800\nSecurities registered pursuant to Section 12(b) of the Act:\nTitle of each class\nTrading symbol\nName of each exchange on which registered\nCommon stock, par value $0.01 per share\nULTA\nThe NASDAQ Global Select Market\nSecurities registered pursuant to Section 12(g) of the Act: None\n\nUNITED STATES\n SECURITIES EXCHANGE COMMISSION\n Washington, DC 20549\n FORM 10-K\n Annual Report Section 13 or 15(d) Securities Exchange Act of 1934\n fiscal year ended January 28, 2023\n Transition Report Section 13 or 15(d) Securities Exchange Act 1934\n transition period from _____________ to _____________\n Commission File Number: 001-33764\n ULTA BEAUTY, INC.\n (Exact name registrant specified charter)\n Delaware\n (State or jurisdiction\n incorporation organization)\n 38-4022268\n (I. R. S. Employer\n Identification No. )\n 1000 Remington Blvd. Suite 120\n Bolingbrook, Illinois\n (Address principal executive offices)\n 60440\n (Zip code)\n Registrants telephone number area code: (630) 410-4800\n Securities registered Section 12(b) Act:\n Title each class\n Trading symbol\n Name of each exchange registered\n Common stock par value $0. 01 per share\n ULTA\n NASDAQ Global Select Market\n Securities registered Section 12(g) Act: None"}
{"_id": "dd2acffb6", "title": "", "text": "The Boeing Company and Subsidiaries\nConsolidated Statements of Operations\n(Dollars in millions, except per share data)\n \n \n \nYears ended December 31,\n2022\n2021\n2020\nSales of products\n$55,893 \n$51,386 \n$47,142 \nSales of services\n10,715 \n10,900 \n11,016 \nTotal revenues\n66,608 \n62,286 \n58,158 \nCost of products\n(53,969)\n(49,954)\n(54,568)\nCost of services\n(9,109)\n(9,283)\n(9,232)\nBoeing Capital interest expense\n(28)\n(32)\n(43)\nTotal costs and expenses\n(63,106)\n(59,269)\n(63,843)\n3,502 \n3,017 \n(5,685)\n(Loss)/income from operating investments, net\n(16)\n210 \n9 \nGeneral and administrative expense\n(4,187)\n(4,157)\n(4,817)\nResearch and development expense, net\n(2,852)\n(2,249)\n(2,476)\nGain on dispositions, net\n6 \n277 \n202 \nLoss from operations\n(3,547)\n(2,902)\n(12,767)\nOther income, net\n1,058 \n551 \n447 \nInterest and debt expense\n(2,533)\n(2,682)\n(2,156)\nLoss before income taxes\n(5,022)\n(5,033)\n(14,476)\nIncome tax (expense)/benefit\n(31)\n743 \n2,535\n\nBoeing Company Subsidiaries\n Consolidated Statements Operations\n millions share data\n ended December 31,\n 2022\n 2021\n Sales products\n $55,893\n $51,386\n $47,142\n Sales services\n 10,715\n 10,900\n 11,016\n Total revenues\n 66,608\n 62,286\n 58,158\n Cost products\n (53,969)\n (49,954)\n (54,568)\n services\n (9,109)\n (9,283)\n (9,232)\n Boeing Capital interest expense\n (28) Total costs expenses\n (63,106)\n (59,269)\n (63,843)\n 3,502\n (5,685)\n (Loss)/income operating investments\n General administrative expense\n (4,187)\n (4,157)\n (4,817)\n Research development expense\n (2,852)\n (2,249)\n (2,476)\n Gain dispositions\n 6 277\n Loss operations\n (3,547)\n (2,902)\n (12,767)\n Other income net\n 1,058\n 447 Interest debt expense\n (2,533)\n (2,682)\n (2,156)\n Loss before income taxes\n (5,022)\n (5,033)\n (14,476)\n Income tax (expense/benefit\n (31) 743\n 2,535"}