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As of FY2023Q1, why did Pepsico raise full year guidance for FY2023?

We are very pleased with our performance and business momentum as our categories and geographies remained resilient during the first quarter. Given our strong start to the year, we now expect our full-year 2023 organic revenue to increase 8 percent (previously 6 percent) and core constant currency EPS to increase 9 percent (previously 8 percent), said Chairman and CEO Ramon Laguarta.

From FY21 to FY22, excluding Embedded, in which AMD reporting segment did sales proportionally increase the most?

Year Ended December 31, 2022 December 25, 2021 (In millions) Net revenue: Data Center $ 6,043 $ 3,694 Client 6,201 6,887 Gaming 6,805 5,607 Embedded 4,552 246 Total net revenue $ 23,601 $ 16,434 Operating income (loss): Data Center $ 1,848 $ 991 Client 1,190 2,088 Gaming 953 934 Embedded 2,252 44 All Other (4,979) (409) Total operating income (loss) $ 1,264 $ 3,648

Did Ulta Beauty's wages expense as a percent of net sales increase or decrease in FY2023?

For the Full Year of Fiscal 2022 Net sales increased 18.3% to $10.2 billion compared to $8.6 billion in fiscal 2021, primarily due to the favorable impact from the continued resilience of the beauty category, retail price increases, the impact of new brands and product innovation, increased social occasions, and fewer COVID-19 limitations compared to fiscal 2021. Comparable sales increased 15.6% compared to an increase of 37.9% in fiscal 2021, driven by a 10.8% increase in transactions and a 4.3% increase in average ticket. Gross profit increased 20.1% to $4.0 billion compared to $3.4 billion in fiscal 2021. As a percentage of net sales, gross profit increased to 39.6% compared to 39.0% in fiscal 2021, primarily due to leverage of fixed costs, strong growth in other revenue, and favorable channel mix shifts, partially offset by higher inventory shrink and lower merchandise margin. SG&A expenses increased 16.2% to $2.4 billion compared to $2.1 billion in fiscal 2021. As a percentage of net sales, SG&A expenses decreased to 23.5% compared to 23.9% in fiscal 2021, primarily due to lower marketing expenses and leverage of incentive compensation due to higher sales, partially offset by deleverage of corporate overhead due to strategic investments and deleverage of store payroll and benefits due to wage investments.

Which debt securities are registered to trade on a national securities exchange under American Express' name as of 2022?

Registrants telephone number, including area code: (212) 640-2000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares (par value $0.20 per Share) AXP New York Stock Exchange Securities registered pursuant to section 12(g) of the Act: None

What drove gross margin change as of the FY2022 for American Express? If gross margin is not a useful metric for a company like this, then please state that and explain why.

CONSOLIDATED STATEMENTS OF INCOME Year Ended December 31 (Millions, except per share amounts) 2022 2021 2020 Revenues Non-interest revenues Discount revenue $ 30,739 $ 24,563 $ 19,435 Net card fees 6,070 5,195 4,664 Service fees and other revenue 4,521 3,316 2,702 Processed revenue 1,637 1,556 1,301 Total non-interest revenues 42,967 34,630 28,102 Interest income Interest on loans 11,967 8,850 9,779 Interest and dividends on investment securities 96 83 127 Deposits with banks and other 595 100 177 Total interest income 12,658 9,033 10,083 Interest expense Deposits 1,527 458 943 Long-term debt and other 1,236 825 1,155 Total interest expense 2,763 1,283 2,098 Net interest income 9,895 7,750 7,985 Total revenues net of interest expense 52,862 42,380 36,087 Provisions for credit losses Card Member receivables 627 (73) 1,015 Card Member loans 1,514 (1,155) 3,453 Other 41 (191) 262 Total provisions for credit losses 2,182 (1,419) 4,730 Total revenues net of interest expense after provisions for credit losses 50,680 43,799 31,357 Expenses Card Member rewards 14,002 11,007 8,041 Business development 4,943 3,762 3,051 Card Member services 2,959 1,993 1,230 Marketing 5,458 5,291 3,696 Salaries and employee benefits 7,252 6,240 5,718 Other, net 6,481 4,817 5,325 Total expenses 41,095 33,110 27,061 Pretax income 9,585 10,689 4,296 Income tax provision 2,071 2,629 1,161 Net income $ 7,514 $ 8,060 $ 3,135 Earnings per Common Share (Note 21) Basic $ 9.86 $ 10.04 $ 3.77 Diluted $ 9.85 $ 10.02 $ 3.77 Average common shares outstanding for earnings per common share: Basic 751 789 805 Diluted 752 790 806

Did Pfizer grow its PPNE between FY20 and FY21?

As of December 31, (MILLIONS, EXCEPT PER COMMON SHARE DATA) 2021 2020 Assets Cash and cash equivalents $ 1,944 $ 1,786 Short-term investments 29,125 10,437 Trade accounts receivable, less allowance for doubtful accounts: 2021$492; 2020$508 11,479 7,913 Inventories 9,059 8,020 Current tax assets 4,266 3,264 Other current assets 3,820 3,646 Total current assets 59,693 35,067 Equity-method investments 16,472 16,856 Long-term investments 5,054 3,406 Property, plant and equipment 14,882 13,745

Are there any product categories / service categories that represent more than 20% of Boeing's revenue for FY2022?

The Boeing Company and Subsidiaries Notes to the Consolidated Financial Statements Summary of Business Segment Data (Dollars in millions) Years ended December 31, 2022 2021 2020 Revenues: Commercial Airplanes $25,867 $19,493 $16,162 Defense, Space & Security 23,162 26,540 26,257 Global Services 17,611 16,328 15,543 Boeing Capital 199 272 261 Unallocated items, eliminations and other (231) (347) (65) Total revenues $66,608 $62,286 $58,158

Who are the primary customers of Boeing as of FY2022?

We derive a significant portion of our revenues from a limited number of commercial airlines.

Has CVS Health paid dividends to common shareholders in Q2 of FY2022?

Dividends During 2022, 2021 and 2020, the quarterly cash dividend was $0.55, $0.50 and $0.50 per share, respectively.

Has Microsoft increased its debt on balance sheet between FY2023 and the FY2022 period?

BALANCE SHEETS (In millions) June 30, 2023 2022 Assets Current assets: Cash and cash equivalents $ 34,704 $ 13,931 Short-term investments 76,558 90,826 Total cash, cash equivalents, and short-term investments 111,262 104,757 Accounts receivable, net of allowance for doubtful accounts of $650 and $633 48,688 44,261 Inventories 2,500 3,742 Other current assets 21,807 16,924 Total current assets 184,257 169,684 Property and equipment, net of accumulated depreciation of $68,251 and $59,660 95,641 74,398 Operating lease right-of-use assets 14,346 13,148 Equity investments 9,879 6,891 Goodwill 67,886 67,524 Intangible assets, net 9,366 11,298 Other long-term assets 30,601 21,897 Total assets $ 411,976 $ 364,840 Liabilities and stockholders equity Current liabilities: Accounts payable $ 18,095 $ 19,000 Current portion of long-term debt 5,247 2,749 Accrued compensation 11,009 10,661 Short-term income taxes 4,152 4,067 Short-term unearned revenue 50,901 45,538 Other current liabilities 14,745 13,067 Total current liabilities 104,149 95,082 Long-term debt 41,990 47,032 Long-term income taxes 25,560 26,069 Long-term unearned revenue 2,912 2,870 Deferred income taxes 433 230 Operating lease liabilities 12,728 11,489 Other long-term liabilities 17,981 15,526 Total liabilities 205,753 198,298 Commitments and contingencies Stockholders equity: Common stock and paid-in capital shares authorized 24,000; outstanding 7,432 and 7,464 93,718 86,939 Retained earnings 118,848 84,281 Accumulated other comprehensive loss (6,343) (4,678) Total stockholders equity 206,223 166,542 Total liabilities and stockholders equity $ 411,976 $ 364,8

In agreement with the information outlined in the income statement, what is the FY2015 - FY2017 3 year average net profit margin (as a %) for Best Buy? Answer in units of percents and round to one decimal place.

Table of Contents Consolidated Statements of Earnings $ and shares in millions, except per share amounts Fiscal Years Ended January 28, 2017 January 30, 2016 January 31, 2015 Revenue $ 39,403 $ 39,528 $ 40,339 Costofgoodssold 29,963 30,334 31,292 Restructuringchargescostofgoodssold 3 Grossprofit 9,440 9,191 9,047 Selling,generalandadministrativeexpenses 7,547 7,618 7,592 Restructuringcharges 39 198 5 Operatingincome 1,854 1,375 1,450 Otherincome(expense) Gainonsaleofinvestments 3 2 13 Investmentincomeandother 31 13 14 Interestexpense (72) (80) (90) Earningsfromcontinuingoperationsbeforeincometaxexpense 1,816 1,310 1,387 Incometaxexpense 609 503 141 Netearningsfromcontinuingoperations 1,207 807 1,246 Gain(loss)fromdiscontinuedoperations(Note2),netoftaxexpenseof$7,$1and$0 21 90 (11) Netearningsincludingnoncontrollinginterests 1,228 897 1,235 Netearningsfromdiscontinuedoperationsattributabletononcontrollinginterests (2) NetearningsattributabletoBestBuyCo.,Inc.shareholders $ 1,228 $ 897 $ 1,233 Basicearnings(loss)pershareattributabletoBestBuyCo.,Inc.shareholders Continuingoperations $ 3.79 $ 2.33 $ 3.57 Discontinuedoperations 0.07 0.26 (0.04) Basicearningspershare $ 3.86 $ 2.59 $ 3.53 Dilutedearnings(loss)pershareattributabletoBestBuyCo.,Inc.shareholders Continuingoperations $ 3.74 $ 2.30 $ 3.53 Discontinuedoperations 0.07 0.26 (0.04) Dilutedearningspershare $ 3.81 $ 2.56 $ 3.49 Weighted-averagecommonsharesoutstanding Basic 318.5 346.5 349.5 Diluted 322.6 350.7 353.6 SeeNotestoConsolidatedFinancialStatements. 54

Was there any change in the number of Best Buy stores between Q2 of FY2024 and FY2023?

iscal 2024 was primarily driven by comparable sales declines in appliances, home theater, computing 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 first 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 described above and within the Consolidated Results section, above. Domestic segment stores open at the beginning and end of the second quarters of fiscal 2024 and fiscal 2023 were as follows: Fiscal 2024 Fiscal 2023 Total Stores at Beginning of Second Quarter Stores Opened Stores Closed Total Stores at End of Second Quarter Total Stores at Beginning of Second Quarter Stores Opened Stores Closed Total Stores at End of Second Quarter Best Buy 908 - (1) 907 931 1 (2) 930 Outlet Centers 20 1 (1) 20 16 2 - 18 Pacific Sales 20 - - 20 21 - - 21 Yardbird 18 4 - 22 9 4 - 13 Total 966 5 (2) 969 977 7 (2) 982

Does 3M have a reasonably healthy liquidity profile based on its quick ratio for Q2 of FY2023? If the quick ratio is not relevant to measure liquidity, please state that and explain why.

3M Company and Subsidiaries Consolidated Balance Sheet (Unaudited) (Dollars in millions, except per share amount) June 30, 2023 December 31, 2022 Assets Current assets Cash and cash equivalents $ 4,258 $ 3,655 Marketable securities current 56 238 Accounts receivable net of allowances of $160 and $174 4,947 4,532 Inventories Finished goods 2,526 2,497 Work in process 1,527 1,606 Raw materials and supplies 1,227 1,269 Total inventories 5,280 5,372 Prepaids 674 435 Other current assets 539 456 Total current assets 15,754 14,688 Property, plant and equipment 26,459 25,998 Less: Accumulated depreciation (17,248) (16,820) Property, plant and equipment net 9,211 9,178 Operating lease right of use assets 812 829 Goodwill 12,869 12,790 Intangible assets net 4,470 4,699 Other assets 5,764 4,271 Total assets $ 48,880 $ 46,455 Liabilities Current liabilities Short-term borrowings and current portion of long-term debt $ 3,033 $ 1,938 Accounts payable 3,231 3,183 Accrued payroll 785 692 Accrued income taxes 172 259 Operating lease liabilities current 244 261 Other current liabilities 3,471 3,190 Total current liabilities 10,936 9,523

As of Q2'2023, is Pfizer spinning off any large business segments?

We expect to incur costs of approximately $700 million in connection with separating Upjohn, of which approximately 90% has been incurred since inception and through the second quarter of 2023. These charges include costs and expenses related to separation of legal entities and transaction costs.

What is the FY2018 - FY2020 3 year average unadjusted EBITDA % margin for Walmart? Define unadjusted EBITDA as unadjusted operating income + depreciation and amortization from the cash flow statement. Answer in units of percents and round to one decimal place. Calculate what was asked by utilizing the line items clearly shown in the P&L statement and the cash flow statement.

Walmart Inc. Consolidated Statements of Income Fiscal Years Ended January 31, (Amounts in millions, except per share data) 2020 2019 2018 Revenues: Net sales $ 519,926 $ 510,329 $ 495,761 Membership and other income 4,038 4,076 4,582 Total revenues 523,964 514,405 500,343 Costs and expenses: Cost of sales 394,605 385,301 373,396 Operating, selling, general and administrative expenses 108,791 107,147 106,510 Operating income 20,568 21,957 20,437 Interest: Debt 2,262 1,975 1,978 Finance, capital lease and financing obligations 337 371 352 Interest income (189) (217) (152) Interest, net 2,410 2,129 2,178 Loss on extinguishment of debt 3,136 Other (gains) and losses (1,958) 8,368 Income before income taxes 20,116 11,460 15,123 Provision for income taxes 4,915 4,281 4,600 Consolidated net income 15,201 7,179 10,523 Consolidated net income attributable to noncontrolling interest (320) (509) (661) Consolidated net income attributable to Walmart $ 14,881 $ 6,670 $ 9,862 Net income per common share: Basic net income per common share attributable to Walmart $ 5.22 $ 2.28 $ 3.29 Diluted net income per common share attributable to Walmart 5.19 2.26 3.28 Weighted-average common shares outstanding: Basic 2,850 2,929 2,995 Diluted 2,868 2,945 3,010 Dividends declared per common share $ 2.12 $ 2.08 $ 2.04 See accompanying notes. 50

What is Lockheed Martin's FY2021 net working capital? Define net working capital as total current assets less total current liabilities. Answer in USD millions. Respond to the question by assuming the perspective of an investment analyst who can only use the details shown within the balance sheet.

Table of Contents Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2021 2020 Assets Current assets Cash and cash equivalents $ 3,604 $ 3,160 Receivables, net 1,963 1,978 Contract assets 10,579 9,545 Inventories 2,981 3,545 Other current assets 688 1,150 Total current assets 19,815 19,378 Property, plant and equipment, net 7,597 7,213 Goodwill 10,813 10,806 Intangible assets, net 2,706 3,012 Deferred income taxes 2,290 3,475 Other noncurrent assets 7,652 6,826 Total assets $ 50,873 $ 50,710 Liabilities and equity Current liabilities Accounts payable $ 780 $ 880 Salaries, benefits and payroll taxes 3,108 3,163 Contract liabilities 8,107 7,545 Current maturities of long-term debt 6 500 Other current liabilities 1,996 1,845 Total current liabilities 13,997 13,933 Long-term debt, net 11,670 11,669 Accrued pension liabilities 8,319 12,874 Other noncurrent liabilities 5,928 6,196 Total liabilities 39,914 44,672 Stockholders equity Common stock, $1 par value per share 271 279 Additional paid-in capital 94 221 Retained earnings 21,600 21,636 Accumulated other comprehensive loss (11,006) (16,121) Total stockholders equity 10,959 6,015 Noncontrolling interests in subsidiary 23 Total equity 10,959 6,038 Total liabilities and equity $ 50,873 $ 50,710 The accompanying notes are an integral part of these consolidated financial statements. 68

We need to calculate a reasonable approximation (or exact number if possible) of a financial metric. Basing your judgment by information plainly provided in the balance sheet and the P&L statement, what is Lockheed Martin's FY2020 asset turnover ratio? Asset turnover ratio is defined as: FY2020 revenue / (average total assets between FY2019 and FY2020). Round your answer to two decimal places.

Table of Contents Lockheed Martin Corporation Consolidated Statements of Earnings (in millions, except per share data) Years Ended December 31, 2020 2019 2018 Net sales Products $ 54,928 $ 50,053 $ 45,005 Services 10,470 9,759 8,757 Total net sales 65,398 59,812 53,762 Cost of sales Products (48,996) (44,589) (40,293) Services (9,371) (8,731) (7,738) Severance charges (27) (96) Other unallocated, net 1,650 1,875 1,639 Total cost of sales (56,744) (51,445) (46,488) Gross profit 8,654 8,367 7,274 Other (expense) income, net (10) 178 60 Operating profit 8,644 8,545 7,334 Interest expense (591) (653) (668) Other non-operating income (expense), net 182 (651) (828) Earnings from continuing operations before income taxes 8,235 7,241 5,838 Income tax expense (1,347) (1,011) (792) Net earnings from continuing operations 6,888 6,230 5,046 Net loss from discontinued operations (55) Net earnings $ 6,833 $ 6,230 $ 5,046 Earnings (loss) per common share Basic Continuing operations $ 24.60 $ 22.09 $ 17.74 Discontinued operations (0.20) Basic earnings per common share $ 24.40 $ 22.09 $ 17.74 Diluted Continuing operations $ 24.50 $ 21.95 $ 17.59 Discontinued operations (0.20) Diluted earnings per common share $ 24.30 $ 21.95 $ 17.59 The accompanying notes are an integral part of these consolidated financial statements. 67

As of FY2023Q1, by how many percentage points did Pepsico raise full year guidance in respect of core constant currency EPS growth?

We are very pleased with our performance and business momentum as our categories and geographies remained resilient during the first quarter. Given our strong start to the year, we now expect our full-year 2023 organic revenue to increase 8 percent (previously 6 percent) and core constant currency EPS to increase 9 percent (previously 8 percent), said Chairman and CEO Ramon Laguarta.

What is the FY2019 cash conversion cycle (CCC) for General Mills? CCC is defined as: DIO + DSO - DPO. DIO is defined as: 365 * (average inventory between FY2018 and FY2019) / (FY2019 COGS). DSO is defined as: 365 * (average accounts receivable between FY2018 and FY2019) / (FY2019 Revenue). DPO is defined as: 365 * (average accounts payable between FY2018 and FY2019) / (FY2019 COGS + change in inventory between FY2018 and FY2019). Round your answer to two decimal places. Address the question by using the line items and information shown within the income statement and the balance sheet.

Table of Contents Consolidated Statements of Earnings GENERAL MILLS, INC. AND SUBSIDIARIES (In Millions, Except per Share Data) Fiscal Year 2019 2018 2017 Net sales $ 16,865.2 $ 15,740.4 $ 15,619.8 Cost of sales 11,108.4 10,304.8 10,052.0 Selling, general, and administrative expenses 2,935.8 2,850.1 2,888.8 Divestitures loss 30.0 - 6.5 Restructuring, impairment, and other exit costs 275.1 165.6 180.4 Operating profit 2,515.9 2,419.9 2,492.1 Benefit plan non-service income (87.9) (89.4) (74.3) Interest, net 521.8 373.7 295.1 Earnings before income taxes and after-tax earnings from joint ventures 2,082.0 2,135.6 2,271.3 Income taxes 367.8 57.3 655.2 After-tax earnings from joint ventures 72.0 84.7 85.0 Net earnings, including earnings attributable to redeemable and noncontrolling interests 1,786.2 2,163.0 1,701.1 Net earnings attributable to redeemable and noncontrolling interests 33.5 32.0 43.6 Net earnings attributable to General Mills $ 1,752.7 $ 2,131.0 $ 1,657.5 Earnings per share - basic $ 2.92 $ 3.69 $ 2.82 Earnings per share - diluted $ 2.90 $ 3.64 $ 2.77 Dividends per share $ 1.96 $ 1.96 $ 1.92 See accompanying notes to consolidated financial statements. 53

What is FY2018 days payable outstanding (DPO) for Walmart? DPO is defined as: 365 * (average accounts payable between FY2017 and FY2018) / (FY2018 COGS + change in inventory between FY2017 and FY2018). Round your answer to two decimal places. Please base your judgments on the information provided primarily in the statement of financial position and the P&L statement.

Walmart Inc. Consolidated Statements of Income Fiscal Years Ended January 31, (Amounts in millions, except per share data) 2018 2017 2016 Revenues: Net sales $ 495,761 $ 481,317 $ 478,614 Membership and other income 4,582 4,556 3,516 Total revenues 500,343 485,873 482,130 Costs and expenses: Cost of sales 373,396 361,256 360,984 Operating, selling, general and administrative expenses 106,510 101,853 97,041 Operating income 20,437 22,764 24,105 Interest: Debt 1,978 2,044 2,027 Capital lease and financing obligations 352 323 521 Interest income (152) (100) (81) Interest, net 2,178 2,267 2,467 Loss on extinguishment of debt 3,136 Income before income taxes 15,123 20,497 21,638 Provision for income taxes 4,600 6,204 6,558 Consolidated net income 10,523 14,293 15,080 Consolidated net income attributable to noncontrolling interest (661) (650) (386) Consolidated net income attributable to Walmart $ 9,862 $ 13,643 $ 14,694 Net income per common share: Basic net income per common share attributable to Walmart $ 3.29 $ 4.40 $ 4.58 Diluted net income per common share attributable to Walmart 3.28 4.38 4.57 Weighted-average common shares outstanding: Basic 2,995 3,101 3,207 Diluted 3,010 3,112 3,217 Dividends declared per common share $ 2.04 $ 2.00 $ 1.96 See accompanying notes. 55

Answer the following question as if you are an equity research analyst and have lost internet connection so you do not have access to financial metric providers. According to the details clearly outlined within the P&L statement and the statement of cash flows, what is the FY2015 depreciation and amortization (D&A from cash flow statement) % margin for AMD?

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Advanced Micro Devices, Inc. Consolidated Statements of Operations Year Ended December 26, 2015 December 27, 2014 December 28, 2013 (In millions, except per share amounts) Net revenue $ 3,991 $ 5,506 $ 5,299 Cost of sales 2,911 3,667 3,321 Gross margin 1,080 1,839 1,978 Research and development 947 1,072 1,201 Marketing, general and administrative 482 604 674 Amortization of acquired intangible assets 3 14 18 Restructuring and other special charges, net 129 71 30 Goodwill impairment charge 233 Legal settlements, net (48) Operating income (loss) (481) (155) 103 Interest expense (160) (177) (177) Other expense, net (5) (66) Loss before income taxes (646) (398) (74) Provision for income taxes 14 5 9 Net loss $ (660) $ (403) $ (83) Net loss per share Basic $ (0.84) $ (0.53) $ (0.11) Diluted $ (0.84) $ (0.53) $ (0.11) Shares used in per share calculation Basic 783 768 754 Diluted 783 768 754 See accompanying notes to consolidated financial statements. 54

What is the FY2019 fixed asset turnover ratio for Activision Blizzard? Fixed asset turnover ratio is defined as: FY2019 revenue / (average PP&E between FY2018 and FY2019). Round your answer to two decimal places. Base your judgments on the information provided primarily in the statement of income and the statement of financial position.

Table of Contents ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Amounts in millions, except share data) At December 31, 2019 At December 31, 2018 Assets Current assets: Cash and cash equivalents $ 5,794 $ 4,225 Accounts receivable, net of allowances of $132 and $190, at December 31, 2019 and December 31, 2018, respectively 848 1,035 Inventories, net 32 43 Software development 322 264 Other current assets 296 539 Total current assets 7,292 6,106 Software development 54 65 Property and equipment, net 253 282 Deferred income taxes, net 1,293 458 Other assets 658 482 Intangible assets, net 531 735 Goodwill 9,764 9,762 Total assets $ 19,845 $ 17,890 Liabilities and Shareholders Equity Current liabilities: Accounts payable $ 292 $ 253 Deferred revenues 1,375 1,493 Accrued expenses and other liabilities 1,248 896 Total current liabilities 2,915 2,642 Long-term debt, net 2,675 2,671 Deferred income taxes, net 505 18 Other liabilities 945 1,167 Total liabilities 7,040 6,498 Commitments and contingencies (Note 23) Shareholders equity: Common stock, $0.000001 par value, 2,400,000,000 shares authorized, 1,197,436,644 and 1,192,093,991 shares issued at December 31, 2019 and December 31, 2018, respectively Additional paid-in capital 11,174 10,963 Less: Treasury stock, at cost, 428,676,471 shares at December 31, 2019 and December 31, 2018 (5,563) (5,563) Retained earnings 7,813 6,593 Accumulated other comprehensive loss (619) (601) Total shareholders equity 12,805 11,392 Total liabilities and shareholders equity $ 19,845 $ 17,890 The accompanying notes are an integral part of these Consolidated Financial Statements. F-4

What is Coca Cola's FY2021 COGS % margin? Calculate what was asked by utilizing the line items clearly shown in the income statement.

THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions except per share data) Year Ended December 31, 2021 2020 2019 Net Operating Revenues $ 38,655 $ 33,014 $ 37,266 Cost of goods sold 15,357 13,433 14,619 Gross Profit 23,298 19,581 22,647 Selling, general and administrative expenses 12,144 9,731 12,103 Other operating charges 846 853 458 Operating Income 10,308 8,997 10,086 Interest income 276 370 563 Interest expense 1,597 1,437 946 Equity income (loss) net 1,438 978 1,049 Other income (loss) net 2,000 841 34 Income Before Income Taxes 12,425 9,749 10,786 Income taxes 2,621 1,981 1,801 Consolidated Net Income 9,804 7,768 8,985 Less: Net income (loss) attributable to noncontrolling interests 33 21 65 Net Income Attributable to Shareowners of The Coca-Cola Company $ 9,771 $ 7,747 $ 8,920 Basic Net Income Per Share $ 2.26 $ 1.80 $ 2.09 Diluted Net Income Per Share $ 2.25 $ 1.79 $ 2.07 Average Shares Outstanding Basic 4,315 4,295 4,276 Effect of dilutive securities 25 28 38 Average Shares Outstanding Diluted 4,340 4,323 4,314 Calculated based on net income attributable to shareowners of The Coca-Cola Company. Refer to Notes to Consolidated Financial Statements. 1 1 1 60

What are the geographies that American Express primarily operates in as of 2022?

(Millions) United States EMEA APAC LACC Other Unallocated Consolidated 2022 Total revenues net of interest expense $ 41,396 $ 4,871 $ 3,835 $ 2,917 $ (157) $ 52,862 Pretax income (loss) from continuing operations 10,383 550 376 500 (2,224) 9,585 2021 Total revenues net of interest expense $ 33,103 $ 3,643 $ 3,418 $ 2,238 $ (22) $ 42,380 Pretax income (loss) from continuing operations 10,325 460 420 494 (1,010) 10,689 2020 Total revenues net of interest expense $ 28,263 $ 3,087 $ 3,271 $ 2,019 $ (553) $ 36,087 Pretax income (loss) from continuing operations 5,422 187 328 273 (1,914) 4,296

Are JPM's gross margins historically consistent (not fluctuating more than roughly 2% each year)? If gross margins are not a relevant metric for a company like this, then please state that and explain why.

Overview JPMorgan Chase & Co. (JPMorgan Chase or the Firm, NYSE: JPM), a financial holding company incorporated under Delaware law in 1968, is a leading financial services firm based in the United States of America (U.S.), with operations worldwide. JPMorgan Chase had $3.7 trillion in assets and $292.3 billion in stockholders equity as of December 31, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers, predominantly in the U.S., and many of the worlds most prominent corporate, institutional and government clients globally.

What is the FY2017 operating cash flow ratio for Adobe? Operating cash flow ratio is defined as: cash from operations / total current liabilities. Round your answer to two decimal places. Please utilize information provided primarily within the balance sheet and the cash flow statement.

Table of Contents 57 ADOBE SYSTEMS INCORPORATED CONSOLIDATED BALANCE SHEETS (In thousands, except par value) December 1, 2017 December 2, 2016 ASSETS Current assets: Cash and cash equivalents $ 2,306,072 $ 1,011,315 Short-term investments 3,513,702 3,749,985 Trade receivables, net of allowances for doubtful accounts of $9,151 and $6,214, respectively 1,217,968 833,033 Prepaid expenses and other current assets 210,071 245,441 Total current assets 7,247,813 5,839,774 Property and equipment, net 936,976 816,264 Goodwill 5,821,561 5,406,474 Purchased and other intangibles, net 385,658 414,405 Investment in lease receivable 80,439 Other assets 143,548 139,890 Total assets $ 14,535,556 $ 12,697,246 LIABILITIES AND STOCKHOLDERS EQUITY Current liabilities: Trade payables $ 113,538 $ 88,024 Accrued expenses 993,773 739,630 Income taxes payable 14,196 38,362 Deferred revenue 2,405,950 1,945,619 Total current liabilities 3,527,457 2,811,635 Long-term liabilities: Debt and capital lease obligations 1,881,421 1,892,200 Deferred revenue 88,592 69,131 Income taxes payable 173,088 184,381 Deferred income taxes 279,941 217,660 Other liabilities 125,188 97,404 Total liabilities 6,075,687 5,272,411 Commitments and contingencies Stockholders equity: Preferred stock, $0.0001 par value; 2,000 shares authorized; none issued Common stock, $0.0001 par value; 900,000 shares authorized; 600,834 shares issued; 491,262 and 494,254 shares outstanding, respectively 61 61 Additional paid-in-capital 5,082,195 4,616,331 Retained earnings 9,573,870 8,114,517 Accumulated other comprehensive income (loss) (111,821) (173,602) Treasury stock, at cost (109,572 and 106,580 shares, respectively), net of reissuances (6,084,436) (5,132,472) Total stockholders equity 8,459,869 7,424,835 Total liabilities and stockholders equity $ 14,535,556 $ 12,697,246 See accompanying Notes to Consolidated Financial Statements.

What is the quantity of restructuring costs directly outlined in AES Corporation's income statements for FY2022? If restructuring costs are not explicitly outlined then state 0.

Consolidated Statements of Operations Years ended December 31, 2022, 2021, and 2020 2022 2021 2020 (in millions, except per share amounts) Revenue: Regulated $ 3,538 $ 2,868 $ 2,661 Non-Regulated 9,079 8,273 6,999 Total revenue 12,617 11,141 9,660 Cost of Sales: Regulated (3,162) (2,448) (2,235) Non-Regulated (6,907) (5,982) (4,732) Total cost of sales (10,069) (8,430) (6,967) Operating margin 2,548 2,711 2,693 General and administrative expenses (207) (166) (165) Interest expense (1,117) (911) (1,038) Interest income 389 298 268 Loss on extinguishment of debt (15) (78) (186) Other expense (68) (60) (53) Other income 102 410 75 Loss on disposal and sale of business interests (9) (1,683) (95) Goodwill impairment expense (777) Asset impairment expense (763) (1,575) (864) Foreign currency transaction gains (losses) (77) (10) 55 Other non-operating expense (175) (202) INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES (169) (1,064) 488 Income tax benefit (expense) (265) 133 (216) Net equity in losses of affiliates (71) (24) (123) INCOME (LOSS) FROM CONTINUING OPERATIONS (505) (955) 149 Gain from disposal of discontinued businesses, net of income tax expense of $0, $1, and $0, respectively 4 3 NET INCOME (LOSS) (505) (951) 152 Less: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries (41) 542 (106) NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION $ (546) $ (409) $ 46

How much has the effective tax rate of American Express changed between FY2021 and FY2022?

TABLE 1: SUMMARY OF FINANCIAL PERFORMANCE Years Ended December 31, Change Change (Millions, except percentages, per share amounts and where indicated) 2022 2021 2020 2022 vs. 2021 2021 vs. 2020 Selected Income Statement Data Total revenues net of interest expense $ 52,862 $ 42,380 $ 36,087 $ 10,482 25 % $ 6,293 17 % Provisions for credit losses 2,182 (1,419) 4,730 3,601 # (6,149) # Expenses 41,095 33,110 27,061 7,985 24 6,049 22 Pretax income 9,585 10,689 4,296 (1,104) (10) 6,393 # Income tax provision 2,071 2,629 1,161 (558) (21) 1,468 # Net income 7,514 8,060 3,135 (546) (7) 4,925 # Earnings per common share diluted $ 9.85 $ 10.02 $ 3.77 $ (0.17) (2)% $ 6.25 # % Common Share Statistics Cash dividends declared per common share $ 2.08 $ 1.72 $ 1.72 $ 0.36 21 % $ % Average common shares outstanding: Basic 751 789 805 (38) (5)% (16) (2)% Diluted 752 790 806 (38) (5)% (16) (2)% Selected Metrics and Ratios Network volumes (Billions) $ 1,552.8 $ 1,284.2 $ 1,037.8 $ 269 21 % $ 246 24 % Return on average equity 32.3 % 33.7 % 14.2 % Net interest income divided by average Card Member loans 10.4 % 10.2 % 10.7 % Net interest yield on average Card Member loans 10.6 % 10.7 % 11.5 % Effective tax rate 21.6 % 24.6 % 27.0 % Common Equity Tier 1 10.3 % 10.5 % 13.5 % Selected Balance Sheet Data Cash and cash equivalents $ 33,914 $ 22,028 $ 32,965 $ 11,886 54 % $ (10,937) (33)% Card Member receivables 57,613 53,645 43,701 3,968 7 9,944 23 Card Member loans 107,964 88,562 73,373 19,402 22 15,189 21 Customer deposits 110,239 84,382 86,875 25,857 31 (2,493) (3) Long-term debt $ 42,573 $ 38,675 $ 42,952 $ 3,898 10 % $ (4,277) (10)%

Among all of the derivative instruments that Verizon used to manage the exposure to fluctuations of foreign currencies exchange rates or interest rates, which one had the highest notional value in FY 2021?

Derivative Instruments We enter into derivative transactions primarily to manage our exposure to fluctuations in foreign currency exchange rates and interest rates. We employ risk management strategies, which may include the use of a variety of derivatives including interest rate swaps, cross currency swaps, forward starting interest rate swaps, treasury rate locks, interest rate caps, swaptions and foreign exchange forwards. We do not hold derivatives for trading purposes. The following table sets forth the notional amounts of our outstanding derivative instruments: (dollars in millions) At December 31, 2021 2020 Interest rate swaps $ 19,779 $ 17,768 Cross currency swaps 32,502 26,288 Forward starting interest rate swaps 1,000 2,000 Foreign exchange forwards 932 1,405

What is the FY2022 unadjusted EBITDA % margin for PepsiCo? Calculate unadjusted EBITDA using unadjusted operating income and D&A (from cash flow statement). Give a response to the question by relying on the details shown in the statement of cash flows and the P&L statement.

Table of Contents Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 31, 2022, December 25, 2021 and December 26, 2020 (in millions except per share amounts) 2022 2021 2020 Net Revenue $ 86,392 $ 79,474 $ 70,372 Cost of sales 40,576 37,075 31,797 Gross profit 45,816 42,399 38,575 Selling, general and administrative expenses 34,459 31,237 28,453 Gain associated with the Juice Transaction (see Note 13) (3,321) Impairment of intangible assets (see Notes 1 and 4) 3,166 42 Operating Profit 11,512 11,162 10,080 Other pension and retiree medical benefits income 132 522 117 Net interest expense and other (939) (1,863) (1,128) Income before income taxes 10,705 9,821 9,069 Provision for income taxes 1,727 2,142 1,894 Net income 8,978 7,679 7,175 Less: Net income attributable to noncontrolling interests 68 61 55 Net Income Attributable to PepsiCo $ 8,910 $ 7,618 $ 7,120 Net Income Attributable to PepsiCo per Common Share Basic $ 6.45 $ 5.51 $ 5.14 Diluted $ 6.42 $ 5.49 $ 5.12 Weighted-average common shares outstanding Basic 1,380 1,382 1,385 Diluted 1,387 1,389 1,392 See accompanying notes to the consolidated financial statements. 60

What are major acquisitions that Ulta Beauty has done in FY2023 and FY2022?

Ulta Beauty, Inc. Consolidated Statements of Cash Flows Fiscal year ended January 28, January 29, January 30, (In thousands) 2023 2022 2021 Operating activities Net income $ 1,242,408 $ 985,837 $ 175,835 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 241,372 268,460 297,772 Non-cash lease expense 301,912 276,229 268,071 Long-lived asset impairment charge 72,533 Deferred income taxes 15,653 (25,666) (24,008) Stock-based compensation expense 43,044 47,259 27,583 Loss on disposal of property and equipment 6,688 5,358 6,827 Change in operating assets and liabilities: Receivables 34,260 (40,573) (53,772) Merchandise inventories (104,233) (331,003) 125,486 Prepaid expenses and other current assets (19,432) (3,412) (4,363) Income taxes (45,182) (35,652) 58,916 Accounts payable 8,309 66,156 62,324 Accrued liabilities 48,249 58,598 58,599 Deferred revenue 41,098 79,196 36,848 Operating lease liabilities (324,500) (303,914) (297,513) Other assets and liabilities (7,731) 12,392 (783) Net cash provided by operating activities 1,481,915 1,059,265 810,355 Investing activities Proceeds from short-term investments 110,000 Capital expenditures (312,126) (172,187) (151,866) Acquisitions, net of cash acquired (1,220)

What are major acquisitions that AMCOR has done in FY2023, FY2022 and FY2021?

On August 1, 2022, the Company completed the acquisition of 100% equity interest in a Czech Republic company that operates a world-class flexible packaging manufacturing plant. The purchase consideration of $59 million included a deferred portion of $5 million that was paid in the first quarter of fiscal year 2024. The acquisition is part of the Company's Flexibles reportable segment and resulted in the recognition of acquired identifiable net assets of $36 million and goodwill of $23 million. Goodwill is not deductible for tax purposes. The fair values of the identifiable net assets acquired and goodwill are based on the Company's best estimate as of June 30, 2023. On March 17, 2023, the Company completed the acquisition of 100% equity interest in a medical device packaging manufacturing site in Shanghai, China. The purchase consideration of $60 million is subject to customary post-closing adjustments. The consideration includes contingent consideration of $20 million, to be earned and paid in cash over the three years following the acquisition date, subject to meeting certain performance targets. The acquisition is part of the Company's Flexibles reportable segment and resulted in the recognition of acquired identifiable net assets of $21 million and goodwill of $39 million. Goodwill is not deductible for tax purposes. The fair values of the contingent consideration, identifiable net assets acquired, and goodwill are based on the Company's best estimate as of June 30, 2023, and are considered preliminary. The Company aims to complete the purchase price allocation as soon as practicable but no later than one year from the date of the acquisition. On May 31, 2023, the Company completed the acquisition of a New Zealand based leading manufacturer of state-of-the-art, automated protein packaging machines. The purchase consideration of $45 million is subject to customary post-closing adjustments. The consideration includes contingent consideration of $13 million, to be earned and paid in cash over the two years following the acquisition date, subject to meeting certain performance targets. The acquisition is part of the Company's Flexibles reportable segment and resulted in the recognition of acquired identifiable net assets of $9 million and goodwill of $36 million. Goodwill is deductible for tax purposes. The fair values of the contingent consideration, identifiable net assets acquired, and goodwill are based on the Company's best estimate as of June 30, 2023, and are considered preliminary. The Company aims to complete the purchase price allocation as soon as practicable but no later than one year from the date of the acquisition.

Assume that you are a public equities analyst. Answer the following question by primarily using information that is shown in the balance sheet: what is the year end FY2018 net PPNE for 3M? Answer in USD billions.

Table of Contents 3M Company and Subsidiaries Consolidated Balance Shee t At December 31 December 31, December 31, (Dollars in millions, except per share amount) 2018 2017 Assets Current assets Cash and cash equivalents $ 2,853 $ 3,053 Marketable securities current 380 1,076 Accounts receivable net of allowances of $95 and $103 5,020 4,911 Inventories Finished goods 2,120 1,915 Work in process 1,292 1,218 Raw materials and supplies 954 901 Total inventories 4,366 4,034 Prepaids 741 937 Other current assets 349 266 Total current assets 13,709 14,277 Property, plant and equipment 24,873 24,914 Less: Accumulated depreciation (16,135) (16,048) Property, plant and equipment net 8,738 8,866 Goodwill 10,051 10,513 Intangible assets net 2,657 2,936 Other assets 1,345 1,395 Total assets $ 36,500 $ 37,987 Liabilities Current liabilities Short-term borrowings and current portion of long-term debt $ 1,211 $ 1,853 Accounts payable 2,266 1,945 Accrued payroll 749 870 Accrued income taxes 243 310 Other current liabilities 2,775 2,709 Total current liabilities 7,244 7,687 Long-term debt 13,411 12,096 Pension and postretirement benefits 2,987 3,620 Other liabilities 3,010 2,962 Total liabilities $ 26,652 $ 26,365 Commitments and contingencies (Note 16) Equity 3M Company shareholders equity: Common stock par value, $.01 par value $ 9 $ 9 Shares outstanding - 2018: 576,575,168 Shares outstanding - 2017: 594,884,237 Additional paid-in capital 5,643 5,352 Retained earnings 40,636 39,115 Treasury stock (29,626) (25,887) Accumulated other comprehensive income (loss) (6,866) (7,026) Total 3M Company shareholders equity 9,796 11,563 Noncontrolling interest 52 59 Total equity $ 9,848 $ 11,622 Total liabilities and equity $ 36,500 $ 37,987 The accompanying Notes to Consolidated Financial Statements are an integral part of this statement. 58

What is Adobe's year-over-year change in unadjusted operating income from FY2015 to FY2016 (in units of percents and round to one decimal place)? Give a solution to the question by using the income statement.

Table of Contents 62 ADOBE SYSTEMS INCORPORATED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) Years Ended December 2, 2016 November 27, 2015 November 28, 2014 Revenue: Subscription $ 4,584,833 $ 3,223,904 $ 2,076,584 Product 800,498 1,125,146 1,627,803 Services and support 469,099 446,461 442,678 Total revenue 5,854,430 4,795,511 4,147,065 Cost of revenue: Subscription 461,860 409,194 335,432 Product 68,917 90,035 97,099 Services and support 289,131 245,088 189,549 Total cost of revenue 819,908 744,317 622,080 Gross profit 5,034,522 4,051,194 3,524,985 Operating expenses: Research and development 975,987 862,730 844,353 Sales and marketing 1,910,197 1,683,242 1,652,308 General and administrative 577,710 531,919 543,332 Restructuring and other charges (1,508) 1,559 19,883 Amortization of purchased intangibles 78,534 68,649 52,424 Total operating expenses 3,540,920 3,148,099 3,112,300 Operating income 1,493,602 903,095 412,685 Non-operating income (expense): Interest and other income (expense), net 13,548 33,909 7,267 Interest expense (70,442) (64,184) (59,732) Investment gains (losses), net (1,570) 961 1,156 Total non-operating income (expense), net (58,464) (29,314) (51,309) Income before income taxes 1,435,138 873,781 361,376 Provision for income taxes 266,356 244,230 92,981 Net income $ 1,168,782 $ 629,551 $ 268,395 Basic net income per share $ 2.35 $ 1.26 $ 0.54 Shares used to compute basic net income per share 498,345 498,764 497,867 Diluted net income per share $ 2.32 $ 1.24 $ 0.53 Shares used to compute diluted net income per share 504,299 507,164 508,480 See accompanying Notes to Consolidated Financial Statements.

Does AMCOR have an improving gross margin profile as of FY2023? If gross margin is not a useful metric for a company like this, then state that and explain why.

Amcor plc and Subsidiaries Consolidated Statements of Income ($ in millions, except per share data) For the years ended June 30, 2023 2022 2021 Net sales $ 14,694 $ 14,544 $ 12,861 Cost of sales (11,969) (11,724) (10,129) Gross profit 2,725 2,820 2,732

What is the FY2017 return on assets (ROA) for Coca Cola? ROA is defined as: FY2017 net income / (average total assets between FY2016 and FY2017). Round your answer to two decimal places. Give a response to the question by relying on the details shown in the balance sheet and the P&L statement.

THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME Year Ended December 31, 2017 2016 2015 (In millions except per share data) NET OPERATING REVENUES $ 35,410 $ 41,863 $ 44,294 Cost of goods sold 13,256 16,465 17,482 GROSS PROFIT 22,154 25,398 26,812 Selling, general and administrative expenses 12,496 15,262 16,427 Other operating charges 2,157 1,510 1,657 OPERATING INCOME 7,501 8,626 8,728 Interest income 677 642 613 Interest expense 841 733 856 Equity income (loss) net 1,071 835 489 Other income (loss) net (1,666) (1,234) 631 INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 6,742 8,136 9,605 Income taxes from continuing operations 5,560 1,586 2,239 NET INCOME FROM CONTINUING OPERATIONS 1,182 6,550 7,366 Income from discontinued operations (net of income taxes of $47, $0 and $0, respectively) 101 CONSOLIDATED NET INCOME 1,283 6,550 7,366 Less: Net income attributable to noncontrolling interests 35 23 15 NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 1,248 $ 6,527 $ 7,351 Basic net income per share from continuing operations1 $ 0.28 $ 1.51 $ 1.69 Basic net income per share from discontinued operations2 0.02 BASIC NET INCOME PER SHARE $ 0.29 3 $ 1.51 $ 1.69 Diluted net income per share from continuing operations1 $ 0.27 $ 1.49 $ 1.67 Diluted net income per share from discontinued operations2 0.02 DILUTED NET INCOME PER SHARE $ 0.29 $ 1.49 $ 1.67 AVERAGE SHARES OUTSTANDING BASIC 4,272 4,317 4,352 Effect of dilutive securities 52 50 53 AVERAGE SHARES OUTSTANDING DILUTED 4,324 4,367 4,405 1 Calculated based on net income from continuing operations less net income from continuing operations attributable to noncontrolling interests. 2 Calculated based on net income from discontinued operations less net income from discontinued operations attributable to noncontrolling interests. 3 Per share amounts do not add due to rounding. Refer to Notes to Consolidated Financial Statements. 72

What was the largest liability in American Express's Balance Sheet in 2022?

CONSOLIDATED BALANCE SHEETS December 31 (Millions, except share data) 2022 2021 Assets Cash and cash equivalents Cash and due from banks (includes restricted cash of consolidated variable interest entities: 2022, $5; 2021, $11) $ 5,510 $ 1,292 Interest-bearing deposits in other banks (includes securities purchased under resale agreements: 2022, $318; 2021, $463) 28,097 20,548 Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2022, $54; 2021, $32) 307 188 Total cash and cash equivalents 33,914 22,028 Card Member receivables (includes gross receivables available to settle obligations of a consolidated variable interest entity: 2022, $5,193; 2021, $5,175), less reserves for credit losses: 2022, $229; 2021, $64 57,384 53,581 Card Member loans (includes gross loans available to settle obligations of a consolidated variable interest entity: 2022, $28,461; 2021, $26,587), less reserves for credit losses: 2022, $3,747; 2021, $3,305 104,217 85,257 Other loans, less reserves for credit losses: 2022, $59; 2021, $52 5,357 2,859 Investment securities 4,578 2,591 Premises and equipment, less accumulated depreciation and amortization: 2022, $9,850; 2021, $8,602 5,215 4,988 Other assets, less reserves for credit losses: 2022, $22; 2021, $25 17,689 17,244 Total assets $ 228,354 $ 188,548 Liabilities and Shareholders Equity Liabilities Customer deposits $ 110,239 $ 84,382 Accounts payable 12,133 10,574 Short-term borrowings 1,348 2,243 Long-term debt (includes debt issued by consolidated variable interest entities: 2022, $12,662; 2021, $13,803) 42,573 38,675 Other liabilities 37,350 30,497 Total liabilities $ 203,643 $ 166,371 Contingencies and Commitments (Note 12) Shareholders Equity Preferred shares, $1.66 par value, authorized 20 million shares; issued and outstanding 1,600 shares as of December 31, 2022 and 2021 (Note 16) Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 743 million shares as of December 31, 2022 and 761 million shares as of December 31, 2021 149 153 Additional paid-in capital 11,493 11,495 Retained earnings 16,279 13,474 Accumulated other comprehensive income (loss) (3,210) (2,945) Total shareholders equity 24,711 22,177 Total liabilities and shareholders equity $ 228,354 $ 188,548

How much does Pfizer expect to pay to spin off Upjohn in the future in USD million?

We expect to incur costs of approximately $700 million in connection with separating Upjohn, of which approximately 90% has been incurred since inception and through the second quarter of 2023. These charges include costs and expenses related to separation of legal entities and transaction costs.

Does Adobe have an improving Free cashflow conversion as of FY2022?

ADOBE INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Years Ended December 2, 2022 December 3, 2021 November 27, 2020 Cash flows from operating activities: Net income $ 4,756 $ 4,822 $ 5,260 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, amortization and accretion 856 788 757 Stock-based compensation 1,440 1,069 909 Reduction of operating lease right-of-use assets 83 73 87 Deferred income taxes 328 183 (1,501) Unrealized losses (gains) on investments, net 29 (4) (11) Other non-cash items 10 7 40 Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: Trade receivables, net (198) (430) 106 Prepaid expenses and other assets (94) (475) (288) Trade payables 66 (20) 96 Accrued expenses and other liabilities 7 162 86 Income taxes payable 19 2 (72) Deferred revenue 536 1,053 258 Net cash provided by operating activities 7,838 7,230 5,727 Cash flows from investing activities: Purchases of short-term investments (909) (1,533) (1,071) Maturities of short-term investments 683 877 915 Proceeds from sales of short-term investments 270 191 167 Acquisitions, net of cash acquired (126) (2,682) Purchases of property and equipment (442) (348) (419) Purchases of long-term investments, intangibles and other assets (46) (42) (15) Proceeds from sales of long-term investments and other assets 9 Net cash used for investing activities (570) (3,537) (414)

Which debt securities are registered to trade on a national securities exchange under 3M's name as of Q2 of 2023?

Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, Par Value $.01 Per Share MMM New York Stock Exchange MMM Chicago Stock Exchange, Inc. 1.500% Notes due 2026 MMM26 New York Stock Exchange 1.750% Notes due 2030 MMM30 New York Stock Exchange 1.500% Notes due 2031 MMM31 New York Stock Exchange

Among operations, investing, and financing activities, which brought in the most (or lost the least) cash flow for Nike in FY2023?

NIKE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS YEAR ENDED MAY 31, (Dollars in millions) 2023 2022 2021 Cash provided (used) by operations: Net income $ 5,070 $ 6,046 $ 5,727 Adjustments to reconcile net income to net cash provided (used) by operations: Depreciation 703 717 744 Deferred income taxes (117) (650) (385) Stock-based compensation 755 638 611 Amortization, impairment and other 156 123 53 Net foreign currency adjustments (213) (26) (138) Changes in certain working capital components and other assets and liabilities: (Increase) decrease in accounts receivable 489 (504) (1,606) (Increase) decrease in inventories (133) (1,676) 507 (Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets (644) (845) (182) Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities (225) 1,365 1,326 Cash provided (used) by operations 5,841 5,188 6,657 Cash provided (used) by investing activities: Purchases of short-term investments (6,059) (12,913) (9,961) Maturities of short-term investments 3,356 8,199 4,236 Sales of short-term investments 4,184 3,967 2,449 Additions to property, plant and equipment (969) (758) (695) Other investing activities 52 (19) 171 Cash provided (used) by investing activities 564 (1,524) (3,800) Cash provided (used) by financing activities: Increase (decrease) in notes payable, net (4) 15 (52) Repayment of borrowings (500) (197) Proceeds from exercise of stock options and other stock issuances 651 1,151 1,172 Repurchase of common stock (5,480) (4,014) (608) Dividends common and preferred (2,012) (1,837) (1,638) Other financing activities (102) (151) (136) Cash provided (used) by financing activities (7,447) (4,836) (1,459) Effect of exchange rate changes on cash and equivalents (91) (143) 143 Net increase (decrease) in cash and equivalents (1,133) (1,315) 1,541 Cash and equivalents, beginning of year 8,574 9,889 8,348 CASH AND EQUIVALENTS, END OF YEAR $ 7,441 $ 8,574 $ 9,889

According to the information provided in the statement of cash flows, what is the FY2020 free cash flow (FCF) for General Mills? FCF here is defined as: (cash from operations - capex). Answer in USD millions.

52 Consolidated Statements of Cash Flows GENERAL MILLS, INC. AND SUBSIDIARIES (In Millions) Fiscal Year 2020 2019 2018 Cash Flows - Operating Activities Net earnings, including earnings attributable to redeemable and noncontrolling interests $ 2,210.8 $ 1,786.2 $ 2,163.0 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 594.7 620.1 618.8 After-tax earnings from joint ventures (91.1) (72.0) (84.7) Distributions of earnings from joint ventures 76.5 86.7 113.2 Stock-based compensation 94.9 84.9 77.0 Deferred income taxes (29.6) 93.5 (504.3) Pension and other postretirement benefit plan contributions (31.1) (28.8) (31.8) Pension and other postretirement benefit plan costs (32.3) 6.1 4.6 Divestitures loss - 30.0 - Restructuring, impairment, and other exit costs 43.6 235.7 126.0 Changes in current assets and liabilities, excluding the effects of acquisitions and divestitures 793.9 (7.5) 542.1 Other, net 45.9 (27.9) (182.9) Net cash provided by operating activities 3,676.2 2,807.0 2,841.0 Cash Flows - Investing Activities Purchases of land, buildings, and equipment (460.8) (537.6) (622.7) Acquisition, net of cash acquired - - (8,035.8) Investments in affiliates, net (48.0) 0.1 (17.3) Proceeds from disposal of land, buildings, and equipment 1.7 14.3 1.4 Proceeds from divestitures - 26.4 - Other, net 20.9 (59.7) (11.0) Net cash used by investing activities (486.2) (556.5) (8,685.4) Cash Flows - Financing Activities Change in notes payable (1,158.6) (66.3) 327.5 Issuance of long-term debt 1,638.1 339.1 6,550.0 Payment of long-term debt (1,396.7) (1,493.8) (600.1) Proceeds from common stock issued on exercised options 263.4 241.4 99.3 Proceeds from common stock issued - - 969.9 Purchases of common stock for treasury (3.4) (1.1) (601.6) Dividends paid (1,195.8) (1,181.7) (1,139.7) Investments in redeemable interest - 55.7 - Distributions to noncontrolling and redeemable interest holders (72.5) (38.5) (51.8) Other, net (16.0) (31.2) (108.0) Net cash (used) provided by financing activities (1,941.5) (2,176.4) 5,445.5 Effect of exchange rate changes on cash and cash equivalents (20.7) (23.1) 31.8 Increase (decrease) in cash and cash equivalents 1,227.8 51.0 (367.1) Cash and cash equivalents - beginning of year 450.0 399.0 766.1 Cash and cash equivalents - end of year $ 1,677.8 $ 450.0 $ 399.0 Cash flow from changes in current assets and liabilities, excluding the effects of acquisitions and divestitures: Receivables $ 37.9 $ (42.7) $ (122.7) Inventories 103.1 53.7 15.6 Prepaid expenses and other current assets 94.2 (114.3) (10.7) Accounts payable 392.5 162.4 575.3 Other current liabilities 166.2 (66.6) 84.6 Changes in current assets and liabilities $ 793.9 $ (7.5) $ 542.1 See accompanying notes to consolidated financial statements.

Was American Express able to retain card members during 2022?

Net card fees increased 17 percent year over-year, as new card acquisitions reached record levels in 2022 and Card Member retention remained high, demonstrating the impact of investments we have made in our premium value propositions

Is CVS Health a capital-intensive business based on FY2022 data?

Consolidated Statements of Operations For the Years Ended December 31, In millions, except per share amounts 2022 2021 2020 Revenues: Products $ 226,616 $ 203,738 $ 190,688 Premiums 85,330 76,132 69,364 Services 9,683 11,042 7,856 Net investment income 838 1,199 798 Total revenues 322,467 292,111 268,706 Operating costs: Cost of products sold 196,892 175,803 163,981 Benefit costs 71,281 64,260 55,679 Opioid litigation charges 5,803 Loss on assets held for sale 2,533 Store impairments 1,358 Goodwill impairment 431 Operating expenses 38,212 37,066 35,135 Total operating costs 314,721 278,918 254,795 Operating income 7,746 13,193 13,911 Interest expense 2,287 2,503 2,907 Loss on early extinguishment of debt 452 1,440 Other income (169) (182) (206) Income before income tax provision 5,628 10,420 9,770 Income tax provision 1,463 2,522 2,569 Income from continuing operations 4,165 7,898 7,201 Loss from discontinued operations, net of tax (9) Net income 4,165 7,898 7,192

Did JnJ's net earnings as a percent of sales increase in Q2 of FY2023 compared to Q2 of FY2022?

Johnson & Johnson and Subsidiaries Condensed Consolidated Statement of Earnings (Unaudited; in Millions Except Per Share Figures) Percent Percent Percent Increase Amount to Sales Amount to Sales (Decrease) Sales to customers 25,530 $ 100.0 24,020 $ 100.0 6.3 Cost of products sold 8,212 32.2 7,919 33.0 3.7 Gross Profit 17,318 67.8 16,101 67.0 7.6 Selling, marketing and administrative expenses 6,665 26.1 6,226 25.9 7.1 Research and development expense 3,829 15.0 3,703 15.4 3.4 Interest (income) expense, net (23) (0.1) (26) (0.1) Other (income) expense, net* (60) (0.2) 273 1.1 Restructuring 145 0.5 85 0.4 Earnings before provision for taxes on income 6,762 26.5 5,840 24.3 15.8 Provision for taxes on income 1,618 6.4 1,026 4.3 57.7 Net earnings 5,144 $ 20.1 4,814 $ 20.0 6.9

Among operations, investing, and financing activities, which brought in the most (or lost the least) cash flow for AMD in FY22?

Advanced Micro Devices, Inc. Consolidated Statements of Cash Flows Year Ended December 31, 2022 December 25, 2021 December 26, 2020 (In millions) Cash flows from operating activities: Net income $ 1,320 $ 3,162 $ 2,490 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 4,174 407 312 Stock-based compensation 1,081 379 274 Amortization of debt discount and issuance costs 5 14 Amortization of operating lease right-of-use assets 88 56 42 Amortization of inventory fair value adjustment 189 Loss on debt redemption, repurchase and conversion 7 54 Loss on sale or disposal of property and equipment 16 34 33 Deferred income taxes (1,505) 308 (1,223) (Gains) losses on equity investments, net 62 (56) (2) Other (14) (7) 8 Changes in operating assets and liabilities: Accounts receivable, net (1,091) (640) (219) Inventories (1,401) (556) (417) Receivables from related parties (13) 8 10 Prepaid expenses and other assets (1,197) (920) (231) Payables to related parties 379 7 (135) Accounts payable 931 801 (513) Accrued liabilities and other 546 526 574 Net cash provided by operating activities 3,565 3,521 1,071 Cash flows from investing activities: Purchases of property and equipment (450) (301) (294) Purchases of short-term investments (2,667) (2,056) (850) Proceeds from maturity of short-term investments 4,310 1,678 192 Cash received from acquisition of Xilinx 2,366 Acquisition of Pensando, net of cash acquired (1,544) Other (16) (7) Net cash provided by (used in) investing activities 1,999 (686) (952) Cash flows from financing activities: Proceeds from debt, net of issuance costs 991 200 Repayment of debt (312) (200) Proceeds from sales of common stock through employee equity plans 167 104 85 Repurchases of common stock (3,702) (1,762) Common stock repurchases for tax withholding on employee equity plans (406) (237) (78) Other (2) (1) Net cash (used in) provided by financing activities (3,264) (1,895) 6 Net increase in cash and cash equivalents 2,300 940 125 Cash and cash equivalents at beginning of year 2,535 1,595 1,470 Cash and cash equivalents at end of year $ 4,835 $ 2,535 $ 1,595

Was there any drop in Cash & Cash equivalents between FY 2023 and Q2 of FY2024?

July 29, 2023 July 30, 2022 July 29, 2023 July 30, 2022 Operating income $ 348 $ 371 $ 659 $ 833 % of revenue 3.6 % 3.6 % 3.5 % 4.0 % Intangible asset amortization(1) 21 22 41 44 Restructuring charges(2) (7) 34 (16) 35 Non-GAAP operating income $ 362 $ 427 $ 684 $ 912 % of revenue 3.8 % 4.1 % 3.6 % 4.3 % Effective tax rate 26.1 % 15.6 % 24.8 % 20.5 % Intangible asset amortization(1) (0.4)% 0.4 % 0.4 % 0.2 % Restructuring charges(2) 0.4 % 0.7 % (0.1)% 0.1 % Loss on investments 0.5 % -% -% -% Non-GAAP effective tax rate 26.6 % 16.7 % 25.1 % 20.8 % Diluted EPS $ 1.25 $ 1.35 $ 2.36 $ 2.85 Intangible asset amortization(1) 0.10 0.10 0.18 0.19 Restructuring charges(2) (0.03) 0.15 (0.07) 0.15 Loss on investments - - 0.02 - Gain on sale of subsidiary, net(3) (0.10) - (0.10) - Income tax impact of non-GAAP adjustments(4) - (0.06) (0.02) (0.08) Non-GAAP diluted EPS $ 1.22 $ 1.54 $ 2.37 $ 3.11 For 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 Condensed Consolidated Financial Statements, included in this Quarterly Report on Form 10-Q. (1) Represents the non-cash amortization of definite-lived intangible assets associated with acquisitions, including customer relationships, tradenames and developed technology assets. (2) Represents charges related to employee termination benefits and subsequent adjustments from higher-than-expected employee retention related to previously planned organizational changes. (3) Represents the gain on sale of a Mexico subsidiary subsequent to our exit from operations in Mexico. (4) The 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 24.5%. 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. Our 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 offset by favorable gross profit rates. Our 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- GAAP 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 benefits from stock-based compensation, partially offset by the impact of lower pre-tax earnings. Our 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. Liquidity and Capital Resources We closely manage our liquidity and capital resources. Our liquidity requirements depend on key variables, including the level of investment required to support our business strategies, the performance of our business, capital expenditures, dividends, credit facilities, short-term borrowing arrangements and working capital management. We modify our approach to managing these variables as changes in our operating environment arise. For example, capital expenditures and share repurchases 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 changes in our business environment. We have a disciplined approach to capital allocation, which focuses on investing in key priorities that support our strategy. Cash and cash equivalents were as follows ($ in millions): July 29, 2023 January 28, 2023 July 30, 2022 Cash and cash equivalents $ 1,093 $ 1,874 $ 840

What is the amount of the cash proceeds that JnJ realised from the separation of Kenvue (formerly Consumer Health business segment), as of August 30, 2023?

Exhibit 99.1 Johnson & Johnson Announces Updated Financials and 2023 Guidance Following Completion of the Kenvue Separation Company expects increased 2023 Reported Sales Growth of 7.0% - 8.0%, Operational Sales Growth of 7.5% - 8.5%, and Adjusted Operational Sales Growth of 6.2% - 7.2%; Figures exclude the COVID-19 Vaccine Company expects 2023 Adjusted Reported Earnings Per Share (EPS) of $10.00 - $10.10, reflecting increased growth of 12.5% at the mid-point and Adjusted Operational EPS of $9.90 - $10.00, reflecting increased growth of 11.5% at the mid- point Company reduced outstanding share count by approximately 191 million; 2023 guidance reflects only a partial-year benefit of approximately 73.5 million shares or $0.28 benefit to EPS Company secured $13.2 billion in cash proceeds from the Kenvue debt offering and initial public offering and maintains 9.5% of equity stake in Kenvue Company maintains its quarterly dividend of $1.19 per share New Brunswick, N.J. (August 30, 2023) Johnson & Johnson (NYSE: JNJ) (the Company) today announced updates to its financials and 2023 guidance which reflect its operations as a company focused on transformational innovation in Pharmaceutical and MedTech. The Company has published a recorded webinar for investors to provide additional context behind the updated financials and 2023 guidance found in this release, which may be accessed by visiting the Investors section of the Company's website at webcasts & presentations. The completion of this transaction uniquely positions Johnson & Johnson as a Pharmaceutical and MedTech company focused on delivering transformative healthcare solutions to patients, said Joaquin Duato, Chairman of the Board and Chief Executive Officer. We are incredibly proud of the focus and dedication of our employees worldwide to achieve this milestone, which we are confident will unlock near- and long- term value for all of our stakeholders. As previously announced, the Company recently completed an exchange offer to finalize the separation of Kenvue Inc., formerly Johnson & Johnsons Consumer Health business. As a result of the completion of the exchange offer, Johnson & Johnson will now present its Consumer Health business financial results as discontinued operations, including a gain of approximately $20 billion in the third quarter of 2023.

How much has the effective tax rate of Corning changed between FY2021 and FY2022?

RESULTS OF OPERATIONS The following table presents selected highlights from our operations (in millions): Year ended December 31, % change 2022 2021 22 vs. 21 Net sales $ 14,189 $ 14,082 1% Gross margin $ 4,506 $ 5,063 (11%) (gross margin %) 32% 36% Selling, general and administrative expenses $ 1,898 $ 1,827 4% (as a % of net sales) 13% 13% Research, development and engineering expenses $ 1,047 $ 995 5% (as a % of net sales) 7% 7% Translated earnings contract gain, net $ 351 $ 354 (1%) (as a % of net sales) 2% 3% Income before income taxes $ 1,797 $ 2,426 (26%) (as a % of net sales) 13% 17% Provision for income taxes $ (411) $ (491) 16% Effective tax rate 23% 20% Net income attributable to Corning Incorporated $ 1,316 $ 1,906 (31%) (as a % of net sales) 9% 14% Comprehensive income attributable to Corning Incorporated $ 661 $ 1,471 (55%)

What is Kraft Heinz's FY2019 inventory turnover ratio? Inventory turnover ratio is defined as: (FY2019 COGS) / (average inventory between FY2018 and FY2019). Round your answer to two decimal places. Please base your judgments on the information provided primarily in the balance sheet and the P&L statement.

The Kraft Heinz Company Consolidated Statements of Income (in millions, except per share data) December 28, 2019 December 29, 2018 December 30, 2017 Net sales $ 24,977 $ 26,268 $ 26,076 Cost of products sold 16,830 17,347 17,043 Gross profit 8,147 8,921 9,033 Selling, general and administrative expenses, excluding impairment losses 3,178 3,190 2,927 Goodwill impairment losses 1,197 7,008 Intangible asset impairment losses 702 8,928 49 Selling, general and administrative expenses 5,077 19,126 2,976 Operating income/(loss) 3,070 (10,205) 6,057 Interest expense 1,361 1,284 1,234 Other expense/(income) (952) (168) (627) Income/(loss) before income taxes 2,661 (11,321) 5,450 Provision for/(benefit from) income taxes 728 (1,067) (5,482) Net income/(loss) 1,933 (10,254) 10,932 Net income/(loss) attributable to noncontrolling interest (2) (62) (9) Net income/(loss) attributable to common shareholders $ 1,935 $ (10,192) $ 10,941 Per share data applicable to common shareholders: Basic earnings/(loss) $ 1.59 $ (8.36) $ 8.98 Diluted earnings/(loss) 1.58 (8.36) 8.91 See accompanying notes to the consolidated financial statements. 45

Has Verizon increased its debt on balance sheet between 2022 and the 2021 fiscal period?

At December 31, Maturities Interest Rates % 2022 2021 Verizon Communications < 5 Years 0.75 - 5.82 $ 23,929 $ 18,406 5-10 Years 1.50 - 7.88 42,637 43,225 > 10 Years 1.13 - 8.95 60,134 73,520 < 5 Years Floating (1) 2,992 4,086 5-10 Years Floating (1) 3,029 824 Alltel Corporation 5-10 Years 6.80 - 7.88 94 38 > 10 Years N/A N/A 58 Operating telephone company subsidiariesdebentures < 5 Years N/A N/A 141 5-10 Years 6.00 - 8.75 475 375 > 10 Years 5.13 - 7.38 139 250 Other subsidiariesasset-backed debt < 5 Years 0.41 - 5.72 9,767 9,620 < 5 Years Floating (2) 10,271 4,610 Finance lease obligations (average rate of 2.5% and 2.2% in 2022 and 2021, respectively) 1,732 1,325 Unamortized discount, net of premium (4,039) (4,922) Unamortized debt issuance costs (671) (688) Total long-term debt, including current maturities 150,489 150,868 Less long-term debt maturing within one year 9,813 7,443 Total long-term debt $ 140,676 $ 143,425 Long-term debt maturing within one year $ 9,813 $ 7,443 Add commercial paper 150 Debt maturing within one year 9,963 7,443 Add long-term debt 140,676 143,425 Total debt $ 150,639 $ 150,868

Based on the information provided primarily in the statement of financial position and the statement of income, what is AES's FY2022 return on assets (ROA)? ROA is defined as: FY2022 net income / (average total assets between FY2021 and FY2022). Round your answer to two decimal places.

128 Consolidated Balance Sheets December 31, 2022 and 2021 2022 2021 (in millions, except share and per share data) ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,374 $ 943 Restricted cash 536 304 Short-term investments 730 232 Accounts receivable, net of allowance for doubtful accounts of $5 and $5, respectively 1,799 1,418 Inventory 1,055 604 Prepaid expenses 98 142 Other current assets, net of CECL allowance of $2 and $0, respectively 1,533 897 Current held-for-sale assets 518 816 Total current assets 7,643 5,356 NONCURRENT ASSETS Property, Plant and Equipment: Land 470 426 Electric generation, distribution assets and other 26,599 25,552 Accumulated depreciation (8,651) (8,486) Construction in progress 4,621 2,414 Property, plant and equipment, net 23,039 19,906 Other Assets: Investments in and advances to affiliates 952 1,080 Debt service reserves and other deposits 177 237 Goodwill 362 1,177 Other intangible assets, net of accumulated amortization of $434 and $385, respectively 1,841 1,450 Deferred income taxes 319 409 Loan receivable, net of allowance of $26 1,051 Other noncurrent assets, net of allowance of $51 and $23, respectively 2,979 2,188 Noncurrent held-for-sale assets 1,160 Total other assets 7,681 7,701 TOTAL ASSETS $ 38,363 $ 32,963 LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable $ 1,730 $ 1,153 Accrued interest 249 182 Accrued non-income taxes 249 266 Accrued and other liabilities 2,151 1,205 Non-recourse debt, including $416 and $302, respectively, related to variable interest entities 1,758 1,367 Current held-for-sale liabilities 354 559 Total current liabilities 6,491 4,732 NONCURRENT LIABILITIES Recourse debt 3,894 3,729 Non-recourse debt, including $2,295 and $2,223, respectively, related to variable interest entities 17,846 13,603 Deferred income taxes 1,139 977 Other noncurrent liabilities 3,168 3,358 Noncurrent held-for-sale liabilities 740 Total noncurrent liabilities 26,047 22,407 Commitments and Contingencies (see Notes 12 and 13) Redeemable stock of subsidiaries 1,321 1,257 EQUITY THE AES CORPORATION STOCKHOLDERS EQUITY Preferred stock (without par value, 50,000,000 shares authorized; 1,043,050 issued and outstanding at December 31, 2022 and December 31, 2021) 838 838 Common stock ($0.01 par value, 1,200,000,000 shares authorized; 818,790,001 issued and 668,743,464 outstanding at December 31, 2022 and 818,717,043 issued and 666,793,625 outstanding at December 31, 2021) 8 8 Additional paid-in capital 6,688 7,106 Accumulated deficit (1,635) (1,089) Accumulated other comprehensive loss (1,640) (2,220) Treasury stock, at cost (150,046,537 and 151,923,418 shares at December 31, 2022 and December 31, 2021, respectively) (1,822) (1,845) Total AES Corporation stockholders equity 2,437 2,798 NONCONTROLLING INTERESTS 2,067 1,769 Total equity 4,504 4,567 TOTAL LIABILITIES AND EQUITY $ 38,363 $ 32,963 See Accompanying Notes to Consolidated Financial Statements.

Are Best Buy's gross margins historically consistent (not fluctuating more than roughly 2% each year)? If gross margins are not a relevant metric for a company like this, then please state that and explain why.

Consolidated Statements of Earnings $ and shares in millions, except per share amounts Fiscal Years Ended January 28, 2023 January 29, 2022 January 30, 2021 Revenue $ 46,298 $ 51,761 $ 47,262 Cost of sales 36,386 40,121 36,689 Gross profit 9,912 11,640 10,573 Selling, general and administrative expenses 7,970 8,635 7,928 Restructuring charges 147 (34) 254 Operating income 1,795 3,039 2,391 Other income (expense): Investment income and other 28 10 38 Interest expense (35) (25) (52) Earnings before income tax expense and equity in income of affiliates 1,788 3,024 2,377 Income tax expense 370 574 579 Equity in income of affiliates 1 4 - Net earnings $ 1,419 $ 2,454 $ 1,798

Is Verizon a capital intensive business based on FY 2022 data?

Consolidated Balance Sheets Verizon Communications Inc. and Subsidiaries (dollars in millions, except per share amounts) At December 31, 2022 2021 Assets Current assets Cash and cash equivalents $ 2,605 $ 2,921 Accounts receivable 25,332 24,742 Less Allowance for credit losses 826 896 Accounts receivable, net 24,506 23,846 Inventories 2,388 3,055 Prepaid expenses and other 8,358 6,906 Total current assets 37,857 36,728 Property, plant and equipment 307,689 289,897 Less Accumulated depreciation 200,255 190,201 Property, plant and equipment, net 107,434 99,696 Investments in unconsolidated businesses 1,071 1,061 Wireless licenses 149,796 147,619 Goodwill 28,671 28,603 Other intangible assets, net 11,461 11,677 Operating lease right-of-use assets 26,130 27,883 Other assets 17,260 13,329 Total assets $ 379,680 $ 366,596

Has CVS Health reported any materially important ongoing legal battles from 2022, 2021 and 2020?

Usual and Customary Pricing Litigation The 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 pharmacies overcharged for prescription drugs by not submitting the correct usual and customary price during the claims adjudication process.

Using the cash flow statement, answer the following question to the best of your abilities: how much did Block (formerly known as Square) generate in cash flow from operating activities in FY2020? Answer in USD millions.

SQUARE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Year Ended December 31, 2020 2019 2018 Cash flows from operating activities: Netincome(loss) $ 213,105 $ 375,446 $ (38,453) Adjustmentstoreconcilenetlosstonetcashprovidedbyoperatingactivities: Depreciationandamortization 84,212 75,598 60,961 Non-cashinterestandother 76,129 33,478 28,512 Lossonextinguishmentoflong-termdebt 6,651 5,047 Non-cashleaseexpense 70,253 29,696 Share-basedcompensation 397,800 297,863 216,881 Replacementstockawardsissuedinconnectionwithacquisition 899 Gainonsaleofassetgroup (373,445) Loss(gain)onrevaluationofequityinvestment (295,297) 12,326 (20,342) Transactionandloanlosses 177,670 126,959 88,077 Changeindeferredincometaxes (8,016) (1,376) (646) Changesinoperatingassetsandliabilities: Settlementsreceivable (473,871) (248,271) 245,795 Customerfunds (1,151,536) (204,208) (131,004) Purchaseofloansheldforsale (1,837,137) (2,266,738) (1,609,611) Salesandprincipalpaymentsofloansheldforsale 1,505,406 2,168,682 1,579,834 Customerspayable 1,733,138 523,795 15,597 Settlementspayable 143,528 41,697 (60,651) Charge-offstoaccruedtransactionlosses (73,613) (78,325) (58,192) Otherassetsandliabilities (186,819) (47,478) (27,624) Netcashprovidedbyoperatingactivities 381,603 465,699 295,080 Cash flows from investing activities: Purchaseofmarketabledebtsecurities (1,322,362) (992,583) (1,000,346) Proceedsfrommaturitiesofmarketabledebtsecurities 607,134 430,888 197,454 Proceedsfromsaleofmarketabledebtsecurities 585,427 548,619 171,992 Purchaseofmarketabledebtsecuritiesfromcustomerfunds (642,252) (311,499) (148,096) Proceedsfrommaturitiesofmarketabledebtsecuritiesfromcustomerfunds 382,887 158,055 Proceedsfromsaleofmarketabledebtsecuritiesfromcustomerfunds 51,430 17,493 48,334 Purchaseofpropertyandequipment (138,402) (62,498) (61,203) Purchaseofotherinvestments (51,277) (15,250) Proceedsfromsaleofequityinvestment 33,016 Purchaseofintangibleassets (1,584) Proceedsfromsaleofassetgroup 309,324 Businesscombinations,netofcashacquired (79,221) (20,372) (112,399) Netcashprovidedby(usedin)investingactivities: (606,636) 95,193 (905,848) Cash flows from financing activities: Proceedsfromissuanceofconvertibleseniornotes,net 2,116,544 855,663 Purchaseofconvertibleseniornotehedges (338,145) (172,586) Proceedsfromissuanceofwarrants 232,095 112,125 Principalpaymentonconversionofseniornotes (219,384) ProceedsfromPPPLiquidityFacilityadvances 464,094 Proceedsfromtheexerciseofstockoptionsandpurchasesundertheemployeestockpurchaseplan,net 161,985 118,514 133,850 Paymentsfortaxwithholdingrelatedtovestingofrestrictedstockunits (314,019) (212,264) (189,124) Otherfinancingactivities (7,359) (5,124) (4,789) Netcashprovidedby(usedin)financingactivities 2,315,195 (98,874) 515,755 Effectofforeignexchangerateoncashandcashequivalents 12,995 3,841 (7,221) Netincrease(decrease)incash,cashequivalentsandrestrictedcash 2,103,157 465,859 (102,234) Cash,cashequivalentsandrestrictedcash,beginningoftheyear 1,098,706 632,847 735,081 Cash,cashequivalentsandrestrictedcash,endoftheyear $ 3,201,863 $ 1,098,706 $ 632,847 Seeaccompanyingnotestoconsolidatedfinancialstatements. 89

What is the FY2021 capital expenditure amount (in USD billions) for PepsiCo? Respond to the question by assuming the perspective of an investment analyst who can only use the details shown within the statement of cash flows.

Table of Contents Consolidated Statement of Cash Flows PepsiCo, Inc. and Subsidiaries Fiscal years ended December 25, 2021, December 26, 2020 and December 28, 2019 (in millions) 2021 2020 2019 Operating Activities Net income $ 7,679 $ 7,175 $ 7,353 Depreciation and amortization 2,710 2,548 2,432 Operating lease right-of-use asset amortization 505 478 412 Share-based compensation expense 301 264 237 Restructuring and impairment charges 247 289 370 Cash payments for restructuring charges (256) (255) (350) Acquisition and divestiture-related charges (4) 255 55 Cash payments for acquisition and divestiture-related charges (176) (131) (10) Pension and retiree medical plan expenses 123 408 519 Pension and retiree medical plan contributions (785) (562) (716) Deferred income taxes and other tax charges and credits 298 361 453 Tax expense/(benefit) related to the TCJ Act 190 (8) Tax payments related to the TCJ Act (309) (78) (423) Change in assets and liabilities: Accounts and notes receivable (651) (420) (650) Inventories (582) (516) (190) Prepaid expenses and other current assets 159 26 (87) Accounts payable and other current liabilities 1,762 766 735 Income taxes payable 30 (159) (287) Other, net 375 164 (196) Net Cash Provided by Operating Activities 11,616 10,613 9,649 Investing Activities Capital spending (4,625) (4,240) (4,232) Sales of property, plant and equipment 166 55 170 Acquisitions, net of cash acquired, and investments in noncontrolled affiliates (61) (6,372) (2,717) Divestitures and sales of investments in noncontrolled affiliates 169 6 253 Short-term investments, by original maturity: More than three months - purchases (1,135) More than three months - maturities 1,135 16 More than three months - sales 62 Three months or less, net (58) 27 19 Other investing, net 5 40 (8) Net Cash Used for Investing Activities (3,269) (11,619) (6,437) (Continued on following page) 61

Roughly how many times has JnJ sold its inventory in FY2022? Calculate inventory turnover ratio for FY2022; if conventional inventory management is not meaningful for the company then state that and explain why.

JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS At January 1, 2023 and January 2, 2022 (Dollars in Millions Except Share and Per Share Amounts) (Note 1) 2022 2021 Assets Current assets Cash and cash equivalents (Notes 1 and 2) $ 14,127 14,487 Marketable securities (Notes 1 and 2) 9,392 17,121 Accounts receivable trade, less allowances for doubtful accounts $203 (2021, $230) 16,160 15,283 Inventories (Notes 1 and 3) 12,483 10,387

How much (in USD billions) did American Water Works pay out in cash dividends for FY2020? Compute or extract the answer by primarily using the details outlined in the statement of cash flows.

Table of Contents American Water Works Company, Inc. and Subsidiary Companies Consolidated Statements of Cash Flows (In millions) For the Years Ended December 31, 2020 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 709 $ 621 $ 565 Adjustments to reconcile to net cash flows provided by operating activities: Depreciation and amortization 604 582 545 Deferred income taxes and amortization of investment tax credits 207 208 195 Provision for losses on accounts receivable 34 28 33 Loss (gain) on asset dispositions and purchases 34 (20) Impairment charge 57 Pension and non-pension postretirement benefits (14) 17 23 Other non-cash, net (20) (41) 20 Changes in assets and liabilities: Receivables and unbilled revenues (97) (25) (17) Pension and non-pension postretirement benefit contributions (39) (31) (22) Accounts payable and accrued liabilities (2) 66 25 Other assets and liabilities, net 44 (72) 22 Impact of Freedom Industries settlement activities (4) (40) Net cash provided by operating activities 1,426 1,383 1,386 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (1,822) (1,654) (1,586) Acquisitions, net of cash acquired (135) (235) (398) Proceeds from sale of assets 2 48 35 Removal costs from property, plant and equipment retirements, net (106) (104) (87) Net cash used in investing activities (2,061) (1,945) (2,036) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from long-term debt 1,334 1,530 1,358 Repayments of long-term debt (342) (495) (526) Proceeds from term loan 500 Net short-term borrowings with maturities less than three months (5) (178) 60 Issuance of common stock 183 Proceeds from issuances of employee stock plans and direct stock purchase plan, net of taxes paid of $17, $11 and $8 in 2020, 2019 and 2018, respectively 9 15 16 Advances and contributions in aid of construction, net of refunds of $24, $30 and $22 in 2020, 2019 and 2018, respectively 28 26 21 Debt issuance costs and make-whole premium on early debt redemption (15) (15) (22) Dividends paid (389) (353) (319) Anti-dilutive share repurchases (36) (45) Net cash provided by financing activities 1,120 494 726 Net increase (decrease) in cash, cash equivalents and restricted funds 485 (68) 76 Cash, cash equivalents and restricted funds at beginning of period 91 159 83 Cash, cash equivalents and restricted funds at end of period $ 576 $ 91 $ 159 Cash paid during the year for: Interest, net of capitalized amount $ 382 $ 383 $ 332 Income taxes, net of refunds of $2, $4 and $0 in 2020, 2019 and 2018, respectively $ 7 $ 12 $ 38 Non-cash investing activity: Capital expenditures acquired on account but unpaid as of year end $ 221 $ 235 $ 181 The accompanying notes are an integral part of these Consolidated Financial Statements. 84

How does Boeing's effective tax rate in FY2022 compare to FY2021?

The Boeing Company and Subsidiaries Consolidated Statements of Operations (Dollars in millions, except per share data) Years ended December 31, 2022 2021 2020 Sales of products $55,893 $51,386 $47,142 Sales of services 10,715 10,900 11,016 Total revenues 66,608 62,286 58,158 Cost of products (53,969) (49,954) (54,568) Cost of services (9,109) (9,283) (9,232) Boeing Capital interest expense (28) (32) (43) Total costs and expenses (63,106) (59,269) (63,843) 3,502 3,017 (5,685) (Loss)/income from operating investments, net (16) 210 9 General and administrative expense (4,187) (4,157) (4,817) Research and development expense, net (2,852) (2,249) (2,476) Gain on dispositions, net 6 277 202 Loss from operations (3,547) (2,902) (12,767) Other income, net 1,058 551 447 Interest and debt expense (2,533) (2,682) (2,156) Loss before income taxes (5,022) (5,033) (14,476) Income tax (expense)/benefit (31) 743 2,535

What was MGM's interest coverage ratio using FY2022 Adjusted EBIT as the numerator and annual Interest Expense as the denominator?

dited) Three months ended Twelve months ended December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Net income attributable to MGM Resorts International $ 284,002 $ 131,013 $ 1,473,093 $ 1,254,370 Plus: Net loss attributable to noncontrolling interests (604,016) (14,926) (1,266,362) (45,981) Net income (loss) (320,014) 116,087 206,731 1,208,389 Provision for income taxes 285,937 31,152 697,068 253,415 Income (loss) before income taxes (34,077) 147,239 903,799 1,461,804 Non-operating (income) expense Interest expense, net of amounts capitalized 137,132 201,477 594,954 799,593 Other, net (104,951) 20,131 (59,381) 17,302 32,181 221,608 535,573 816,895 Operating income (loss) (1,896) 368,847 1,439,372 2,278,699 Preopening and start-up expenses 504 3,452 1,876 5,094 Property transactions, net (1,060,701) (68,578) (1,036,997) (67,736) Depreciation and amortization 1,421,637 297,031 3,482,050 1,150,610 Gain on REIT transactions, net (2,277,747) Gain on consolidation of CityCenter, net (1,562,329) Triple-net operating lease and ground lease rent expense 600,467 262,307 1,950,566 833,158 Gain related to sale of Harmon land - unconsolidated affiliate (49,755) Income from unconsolidated affiliates related to real estate ventures (2,704) (41,651) (61,866) (166,658) Adjusted EBITDAR $ 957,307 $ 3,497,254

By how much did Pepsico increase its unsecured five year revolving credit agreement on May 26, 2023?

Effective May 26, 2023, PepsiCo terminated the $3,800,000,000 five year unsecured revolving credit agreement, dated as of May 27, 2022, among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent (the 2022 Five Year Credit Agreement). There were no outstanding borrowings under the 2022 Five Year Credit Agreement at the time of its termination. On May 26, 2023, PepsiCo entered into a new $4,200,000,000 five year unsecured revolving credit agreement (the 2023 Five Year Credit Agreement) among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent. The 2023 Five Year Credit Agreement enables 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 subfacility for Euro-denominated borrowings permitted to be borrowed on a same day basis, subject to customary terms and conditions, and expires on May 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 Credit 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 may, 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 Five Year Credit Agreement, PepsiCo and its borrowing subsidiaries may borrow, prepay and reborrow amounts under the 2023 Five Year Credit Agreement 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 for general corporate purposes of PepsiCo and its subsidiaries. The 2023 Five Year Credit Agreement contains customary representations and warranties and events of default. In the ordinary course of their respective businesses, the lenders under the 2023 Five Year Credit Agreement and their affiliates have engaged, and may in the future engage, in commercial banking and/or investment banking transactions with PepsiCo and its affiliates.

What is Lockheed Martin's 2 year total revenue CAGR from FY2020 to FY2022 (in units of percents and round to one decimal place)? Provide a response to the question by primarily using the statement of income.

Lockheed Martin Corporation Consolidated Statements of Earnings (in millions, except per share data) Years Ended December 31, 2022 2021 2020 Net sales Products $ 55,466 $ 56,435 $ 54,928 Services 10,518 10,609 10,470 Total net sales 65,984 67,044 65,398 Cost of sales Products (49,577) (50,273) (48,996) Services (9,280) (9,463) (9,371) Severance and other charges (100) (36) (27) Other unallocated, net 1,260 1,789 1,650 Total cost of sales (57,697) (57,983) (56,744) Gross profit 8,287 9,061 8,654 Other income (expense), net 61 62 (10) Operating profit 8,348 9,123 8,644 Interest expense (623) (569) (591) Non-service FAS pension (expense) income (971) (1,292) 219 Other non-operating (expense) income, net (74) 288 (37) Earnings from continuing operations before income taxes 6,680 7,550 8,235 Income tax expense (948) (1,235) (1,347) Net earnings from continuing operations 5,732 6,315 6,888 Net loss from discontinued operations (55) Net earnings $ 5,732 $ 6,315 $ 6,833 Earnings (loss) per common share Basic Continuing operations $ 21.74 $ 22.85 $ 24.60 Discontinued operations (0.20) Basic earnings per common share $ 21.74 $ 22.85 $ 24.40 Diluted Continuing operations $ 21.66 $ 22.76 $ 24.50 Discontinued operations (0.20) Diluted earnings per common share $ 21.66 $ 22.76 $ 24.30 The accompanying notes are an integral part of these consolidated financial statements. Table of Contents 63

What drove the reduction in SG&A expense as a percent of net sales in FY2023?

For the Full Year of Fiscal 2022 Net sales increased 18.3% to $10.2 billion compared to $8.6 billion in fiscal 2021, primarily due to the favorable impact from the continued resilience of the beauty category, retail price increases, the impact of new brands and product innovation, increased social occasions, and fewer COVID-19 limitations compared to fiscal 2021. Comparable sales increased 15.6% compared to an increase of 37.9% in fiscal 2021, driven by a 10.8% increase in transactions and a 4.3% increase in average ticket. Gross profit increased 20.1% to $4.0 billion compared to $3.4 billion in fiscal 2021. As a percentage of net sales, gross profit increased to 39.6% compared to 39.0% in fiscal 2021, primarily due to leverage of fixed costs, strong growth in other revenue, and favorable channel mix shifts, partially offset by higher inventory shrink and lower merchandise margin. SG&A expenses increased 16.2% to $2.4 billion compared to $2.1 billion in fiscal 2021. As a percentage of net sales, SG&A expenses decreased to 23.5% compared to 23.9% in fiscal 2021, primarily due to lower marketing expenses and leverage of incentive compensation due to higher sales, partially offset by deleverage of corporate overhead due to strategic investments and deleverage of store payroll and benefits due to wage investments.

Does Foot Locker's new CEO have previous CEO experience in a similar company to Footlocker?

On August 19, 2022, Foot Locker, Inc. (the Company), issued a press release announcing that, as part of a planned succession process, Richard A. Johnson will step down as President and Chief Executive Officer of the Company, effective September 1, 2022. Mary N. Dillon, 61, former Executive Chair and Chief Executive Officer of Ulta Beauty, Inc., has been appointed President and Chief Executive Officer and a member of the Companys Board of 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 99.1, which is incorporated herein by reference.

What drove the increase in Ulta Beauty's merchandise inventories balance at end of FY2023?

Balance Sheet Cash and cash equivalents at the end of the fourth quarter of fiscal 2022 were $737.9 million. Merchandise inventories, net at the end of the fourth quarter of fiscal 2022 totaled $1.6 billion compared to $1.5 billion at the end of the fourth quarter of fiscal 2021. The $104.2 million increase was primarily due to the opening of 47 new stores since January 29, 2022, inventory to support new brand launches and brand expansions, and inventory cost increases.

Does AMD have a reasonably healthy liquidity profile based on its quick ratio for FY22? If the quick ratio is not relevant to measure liquidity, please state that and explain why.

Consolidated Balance Sheets December 31, 2022 December 25, 2021 (In millions, except par value amounts) ASSETS Current assets: Cash and cash equivalents $ 4,835 $ 2,535 Short-term investments 1,020 1,073 Accounts receivable, net 4,126 2,706 Inventories 3,771 1,955 Receivables from related parties 2 2 Prepaid expenses and other current assets 1,265 312 Total current assets 15,019 8,583 Property and equipment, net 1,513 702 Operating lease right-of-use assets 460 367 Goodwill 24,177 289 Acquisition-related intangibles 24,118 Investment: equity method 83 69 Deferred tax assets 58 931 Other non-current assets 2,152 1,478 Total assets $ 67,580 $ 12,419 LIABILITIES AND STOCKHOLDERS EQUITY Current liabilities: Accounts payable $ 2,493 $ 1,321 Payables to related parties 463 85 Accrued liabilities 3,077 2,424 Current portion of long-term debt, net 312 Other current liabilities 336 98 Total current liabilities 6,369 4,240 Long-term debt, net of current portion 2,467 1 Long-term operating lease liabilities 396 348 Deferred tax liabilities 1,934 12 Other long-term liabilities 1,664 321 Commitments and Contingencies (see Notes 16 and 17) Stockholders equity: Capital stock: Common stock, par value $0.01; shares authorized: 2,250; shares issued: 1,645 and 1,232; shares outstanding: 1,612 and 1,207 16 12 Additional paid-in capital 58,005 11,069 Treasury stock, at cost (shares held: 33 and 25) (3,099) (2,130) Accumulated deficit (131) (1,451) Accumulated other comprehensive loss (41) (3) Total stockholders equity 54,750 7,497 Total liabilities and stockholders equity $ 67,580 $ 12,419

Does Paypal have positive working capital based on FY2022 data? If working capital is not a useful or relevant metric for this company, then please state that and explain why.

PayPal Holdings, Inc. CONSOLIDATED BALANCE SHEETS As of December 31, 2022 2021 (In millions, except par value) ASSETS Current assets: Cash and cash equivalents $ 7,776 $ 5,197 Short-term investments 3,092 4,303 Accounts receivable, net 963 800 Loans and interest receivable, net of allowances of $598 and $491 as of December 31, 2022 and 2021, respectively 7,431 4,846 Funds receivable and customer accounts 36,357 36,141 Prepaid expenses and other current assets 1,898 1,287 Total current assets 57,517 52,574 Long-term investments 5,018 6,797 Property and equipment, net 1,730 1,909 Goodwill 11,209 11,454 Intangible assets, net 788 1,332 Other assets 2,455 1,737 Total assets $ 78,717 $ 75,803 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 126 $ 197 Funds payable and amounts due to customers 40,107 38,841 Accrued expenses and other current liabilities 4,055 3,755 Income taxes payable 813 236 Total current liabilities 45,101 43,029 Deferred tax liability and other long-term liabilities 2,925 2,998 Long-term debt 10,417 8,049 Total liabilities 58,443 54,076 Commitments and contingencies (Note 13) Equity: Common stock, $0.0001 par value; 4,000 shares authorized; 1,136 and 1,168 shares outstanding as of December 31, 2022 and 2021, respectively Preferred stock, $0.0001 par value; 100 shares authorized, unissued Treasury stock at cost, 173 and 132 shares as of December 31, 2022 and 2021, respectively (16,079) (11,880) Additional paid-in-capital 18,327 17,208 Retained earnings 18,954 16,535 Accumulated other comprehensive income (loss) (928) (136) Total equity 20,274 21,727 Total liabilities and equity $ 78,717 $ 75,803 The accompanying notes are an integral part of these consolidated financial statements. 6

Basing your judgments off of the balance sheet, what is the year end FY2018 amount of accounts payable for MGM Resorts? Answer in USD millions.

MGMRESORTSINTERNATIONALANDSUBSIDIARIES CONSOLIDATEDBALANCESHEETS (Inthousands,exceptsharedata) December31, 2018 2017 ASSETS Currentassets Cash and cash equivalents $ 1,526,762 $ 1,499,995 Accounts receivable, net 657,206 542,273 Inventories 110,831 102,292 Income tax receivable 28,431 42,551 Prepaid expenses and other 203,548 189,244 Total current assets 2,526,778 2,376,355 Propertyandequipment,net 20,729,888 19,635,459 Otherassets Investments in and advances to unconsolidated affiliates 732,867 1,033,297 Goodwill 1,821,392 1,806,531 Other intangible assets, net 3,944,463 3,877,960 Other long-term assets, net 455,318 430,440 Total other assets 6,954,040 7,148,228 $ 30,210,706 $ 29,160,042 LIABILITIESANDSTOCKHOLDERS'EQUITY Currentliabilities Accounts payable $ 302,578 $ 255,028 Construction payable 311,793 474,807 Current portion of long-term debt 43,411 158,042 Accrued interest on long-term debt 140,046 135,785 Other accrued liabilities 2,151,054 2,114,635 Total current liabilities 2,948,882 3,138,297 Deferredincometaxes,net 1,342,538 1,295,375 Long-termdebt,net 15,088,005 12,751,052 Otherlong-termobligations 259,240 284,416 Commitmentsandcontingencies(Note11) Redeemablenoncontrollinginterests 102,250 79,778 Stockholders'equity Common stock, $.01 par value: authorized 1,000,000,000 shares, issued and outstanding 527,479,528 and 566,275,789 shares 5,275 5,663 Capital in excess of par value 4,092,085 5,357,709 Retained earnings 2,423,479 2,217,299 Accumulated other comprehensive loss (8,556) (3,610) Total MGM Resorts International stockholders' equity 6,512,283 7,577,061 Noncontrolling interests 3,957,508 4,034,063 Total stockholders' equity 10,469,791 11,611,124 $ 30,210,706 $ 29,160,042 Theaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements. 55

We want to calculate a financial metric. Please help us compute it by basing your answers off of the statement of income and the statement of cash flows. Here's the question: what is the FY2015 unadjusted EBITDA % margin for Netflix? Calculate unadjusted EBITDA using unadjusted operating income and D&A (from cash flow statement).

Table of Contents NETFLIX, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Year ended December 31, 2015 2014 2013 Revenues $ 6,779,511 $ 5,504,656 $ 4,374,562 Cost of revenues 4,591,476 3,752,760 3,117,203 Marketing 824,092 607,186 469,942 Technology and development 650,788 472,321 378,769 General and administrative 407,329 269,741 180,301 Operating income 305,826 402,648 228,347 Other income (expense): Interest expense (132,716) (50,219) (29,142) Interest and other income (expense) (31,225) (3,060) (3,002) Loss on extinguishment of debt (25,129) Income before income taxes 141,885 349,369 171,074 Provision for income taxes 19,244 82,570 58,671 Net income $ 122,641 $ 266,799 $ 112,403 Earnings per share: Basic $ 0.29 $ 0.63 $ 0.28 Diluted $ 0.28 $ 0.62 $ 0.26 Weighted-average common shares outstanding: Basic 425,889 420,544 407,385 Diluted 436,456 431,894 425,327 See accompanying notes to consolidated financial statements. 38

What is the FY2022 unadjusted EBITDA less capex for PepsiCo? Define unadjusted EBITDA as unadjusted operating income + depreciation and amortization [from cash flow statement]. Answer in USD millions. Respond to the question by assuming the perspective of an investment analyst who can only use the details shown within the statement of cash flows and the income statement.

Table of Contents Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 31, 2022, December 25, 2021 and December 26, 2020 (in millions except per share amounts) 2022 2021 2020 Net Revenue $ 86,392 $ 79,474 $ 70,372 Cost of sales 40,576 37,075 31,797 Gross profit 45,816 42,399 38,575 Selling, general and administrative expenses 34,459 31,237 28,453 Gain associated with the Juice Transaction (see Note 13) (3,321) Impairment of intangible assets (see Notes 1 and 4) 3,166 42 Operating Profit 11,512 11,162 10,080 Other pension and retiree medical benefits income 132 522 117 Net interest expense and other (939) (1,863) (1,128) Income before income taxes 10,705 9,821 9,069 Provision for income taxes 1,727 2,142 1,894 Net income 8,978 7,679 7,175 Less: Net income attributable to noncontrolling interests 68 61 55 Net Income Attributable to PepsiCo $ 8,910 $ 7,618 $ 7,120 Net Income Attributable to PepsiCo per Common Share Basic $ 6.45 $ 5.51 $ 5.14 Diluted $ 6.42 $ 5.49 $ 5.12 Weighted-average common shares outstanding Basic 1,380 1,382 1,385 Diluted 1,387 1,389 1,392 See accompanying notes to the consolidated financial statements. 60

If we exclude the impact of M&A, which segment has dragged down 3M's overall growth in 2022?

Worldwide Sales Change By Business Segment Organic sales Acquisitions Divestitures Translation Total sales change Safety and Industrial 1.0 % % % (4.2) % (3.2) % Transportation and Electronics 1.2 (0.5) (4.6) (3.9) Health Care 3.2 (1.4) (3.8) (2.0) Consumer (0.9) (0.4) (2.6) (3.9) Total Company 1.2 (0.5) (3.9) (3.2)

Has AMCOR's quick ratio improved or declined between FY2023 and FY2022? If the quick ratio is not something that a financial analyst would ask about a company like this, then state that and explain why.

Amcor plc and Subsidiaries Consolidated Balance Sheets ($ in millions, except share and per share data) As of June 30, 2023 2022 Assets Current assets: Cash and cash equivalents $ 689 $ 775 Trade receivables, net of allowance for credit losses of $21 and $25, respectively 1,875 1,935 Inventories, net Raw materials and supplies 992 1,114 Work in process and finished goods 1,221 1,325 Prepaid expenses and other current assets 531 512 Assets held for sale, net 192 Total current assets 5,308 5,853 Non-current assets: Property, plant, and equipment, net 3,762 3,646 Operating lease assets 533 560 Deferred tax assets 134 130 Other intangible assets, net 1,524 1,657 Goodwill 5,366 5,285 Employee benefit assets 67 89 Other non-current assets 309 206 Total non-current assets 11,695 11,573 Total assets $ 17,003 $ 17,426 Liabilities Current liabilities: Current portion of long-term debt $ 13 $ 14 Short-term debt 80 136 Trade payables 2,690 3,073 Accrued employee costs 396 471 Other current liabilities 1,297 1,344 Liabilities held for sale 65 Total current liabilities 4,476 5,103 Non-current liabilities: Long-term debt, less current portion 6,653 6,340 Operating lease liabilities 463 493 Deferred tax liabilities 616 677 Employee benefit obligations 224 201 Other non-current liabilities 481 471 Total non-current liabilities 8,437 8,182 Total liabilities $ 12,913 $ 13,285 Commitments and contingencies (See Note 20) Shareholders' Equity Amcor plc shareholders equity: Ordinary shares ($0.01 par value): Authorized (9,000 million shares) Issued (1,448 and 1,489 million shares, respectively) $ 14 $ 15 Additional paid-in capital 4,021 4,431 Retained earnings 865 534 Accumulated other comprehensive loss (862) (880) Treasury shares (1 and 2 million shares, respectively) (12) (18) Total Amcor plc shareholders' equity 4,026 4,082 Non-controlling interests 64 59 Total shareholders' equity 4,090 4,141 Total liabilities and shareholders' equity $ 17,003 $ 17,426 See accompanying notes to consolidated financial statements. 5

What is the FY2016 COGS for Microsoft? Please state answer in USD millions. Provide a response to the question by primarily using the statement of income.

Table of Contents PART II Item 8 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA INCOME STATEMENTS (In millions, except per share amounts) Year Ended June 30, 2016 2015 2014 Revenue: Product $ 61,502 $ 75,956 $ 72,948 Service and other 23,818 17,624 13,885 Total revenue 85,320 93,580 86,833 Cost of revenue: Product 17,880 21,410 16,681 Service and other 14,900 11,628 10,397 Total cost of revenue 32,780 33,038 27,078 Gross margin 52,540 60,542 59,755 Research and development 11,988 12,046 11,381 Sales and marketing 14,697 15,713 15,811 General and administrative 4,563 4,611 4,677 Impairment, integration, and restructuring 1,110 10,011 127 Operating income 20,182 18,161 27,759 Other income (expense), net (431) 346 61 Income before income taxes 19,751 18,507 27,820 Provision for income taxes 2,953 6,314 5,746 Net income $ 16,798 $ 12,193 $ 22,074 Earnings per share: Basic $ 2.12 $ 1.49 $ 2.66 Diluted $ 2.10 $ 1.48 $ 2.63 Weighted average shares outstanding: Basic 7,925 8,177 8,299 Diluted 8,013 8,254 8,399 Cash dividends declared per common share $ 1.44 $ 1.24 $ 1.12 See accompanying notes. 52

What is Amcor's year end FY2020 net AR (in USD millions)? Address the question by adopting the perspective of a financial analyst who can only use the details shown within the balance sheet.

Amcor plc and Subsidiaries Consolidated Balance Sheet (in millions) As of June 30, 2020 2019 Assets Current assets: Cash and cash equivalents $ 742.6 $ 601.6 Trade receivables, net 1,615.9 1,864.3 Inventories, net 1,831.9 1,953.8 Prepaid expenses and other current assets 344.3 374.3 Assets held for sale 416.1 Total current assets 4,534.7 5,210.1 Non-current assets: Investments in affiliated companies 77.7 98.9 Property, plant and equipment, net 3,614.8 3,975.0 Operating lease assets 525.3 Deferred tax assets 135.4 190.9 Other intangible assets, net 1,994.3 2,306.8 Goodwill 5,339.3 5,156.0 Employee benefit assets 43.4 40.2 Other non-current assets 177.2 187.1 Total non-current assets 11,907.4 11,954.9 Total assets $ 16,442.1 $ 17,165.0 Liabilities Current liabilities: Current portion of long-term debt $ 11.1 $ 5.4 Short-term debt 195.2 788.8 Trade payables 2,170.8 2,303.4 Accrued employee costs 476.5 378.4 Other current liabilities 1,120.0 1,044.9 Liabilities held for sale 20.9 Total current liabilities 3,973.6 4,541.8 Non-current liabilities: Long-term debt, less current portion 6,028.4 5,309.0 Operating lease liabilities 465.7 Deferred tax liabilities 672.4 1,011.7 Employee benefit obligations 391.7 386.8 Other non-current liabilities 223.2 241.0 Total non-current liabilities 7,781.4 6,948.5 Total liabilities 11,755.0 11,490.3 Commitments and contingencies (See Note 19) Shareholders' Equity Amcor plc shareholders equity: Ordinary shares ($0.01 par value): Authorized (9,000.0 shares) Issued (1,568.5 and 1,625.9 shares, respectively) 15.7 16.3 Additional paid-in capital 5,480.0 6,007.5 Retained earnings 246.5 323.7 Accumulated other comprehensive income (loss) (1,049.3) (722.4) Treasury shares (6.7 and 1.4 shares, respectively) (67.0) (16.1) Total Amcor plc shareholders' equity 4,625.9 5,609.0 Non-controlling interest 61.2 65.7 Total shareholders' equity 4,687.1 5,674.7 Total liabilities and shareholders' equity $ 16,442.1 $ 17,165.0 See accompanying notes to consolidated financial statements. 50

Were there any potential events that are not in Pfizer's standard business operations that substantially increased net income in 2019?

Year Ended December 31, (MILLIONS, EXCEPT PER COMMON SHARE DATA) 2021 2020 2019 Revenues $ 81,288 $ 41,651 $ 40,905 Costs and expenses: Cost of sales 30,821 8,484 8,054 Selling, informational and administrative expenses 12,703 11,597 12,726 Research and development expenses 13,829 9,393 8,385 Amortization of intangible assets 3,700 3,348 4,429 Restructuring charges and certain acquisition-related costs 802 579 601 (Gain) on completion of Consumer Healthcare JV transaction (6) (8,107) Other (income)/deductionsnet (4,878) 1,219 3,497 Income from continuing operations before provision/(benefit) for taxes on income 24,311 7,036 11,321 Provision/(benefit) for taxes on income 1,852 370 583 Income from continuing operations 22,459 6,666 10,738 Discontinued operationsnet of tax (434) 2,529 5,318 Net income before allocation to noncontrolling interests 22,025 9,195 16,056 Less: Net income attributable to noncontrolling interests 45 36 29 Net income attributable to Pfizer Inc. common shareholders $ 21,979 $ 9,159 $ 16,026

Has MGM Resorts paid dividends to common shareholders in FY2022?

. We maintained an annual dividend of $0.01 per share throughout 2022.

What are major acquisitions that Best Buy has done in FY2023, FY2022 and FY2021?

Acquisitions Current Health Ltd. In 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 net 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 deductible 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 health care providers and is included in our Domestic reportable segment and Services revenue category. The acquisition was accounted for using the acquisition method of accounting for business combinations and was not material to the results of operations. Two Peaks, LLC d/b/a Yardbird Furniture In 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, on 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 reporting unit and was deductible for income tax purposes. The acquisition expands our assortment in categories like outdoor living, as more and more consumers look to make over or upgrade their outdoor living spaces. The acquisition was accounted for using the acquisition method of accounting for business combinations and was not material to the results of our operations.

What drove gross margin change as of FY2022 for JnJ? If gross margin is not a useful metric for a company like this, then please state that and explain why.

Analysis of Consolidated Earnings Before Provision for Taxes on Income Consolidated 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 sales, consolidated earnings before provision for taxes on income was 22.9% and 24.3%, in 2022 and 2021, respectively. (Dollars in billions. Percentages in chart are as a percent to total sales) Cost of Products Sold and Selling, Marketing and Administrative Expenses: (Dollars in billions. Percentages in chart are as a percent to total sales) Cost of products sold increased as a percent to sales driven by: One-time COVID-19 vaccine manufacturing exit related costs Currency impacts in the Pharmaceutical segment Commodity inflation in the MedTech and Consumer Health segments partially offset by Supply chain benefits in the Consumer Health segment The 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, respectively.

What is the FY2019 - FY2020 total revenue growth rate for Block (formerly known as Square)? Answer in units of percents and round to one decimal place. Approach the question asked by assuming the standpoint of an investment banking analyst who only has access to the statement of income.

SQUARE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Year Ended December 31, 2020 2019 2018 Revenue: Transaction-basedrevenue $ 3,294,978 $ 3,081,074 $ 2,471,451 Subscriptionandservices-basedrevenue 1,539,403 1,031,456 591,706 Hardwarerevenue 91,654 84,505 68,503 Bitcoinrevenue 4,571,543 516,465 166,517 Totalnetrevenue 9,497,578 4,713,500 3,298,177 Costofrevenue: Transaction-basedcosts 1,911,848 1,937,971 1,558,562 Subscriptionandservices-basedcosts 222,712 234,270 169,884 Hardwarecosts 143,901 136,385 94,114 Bitcoincosts 4,474,534 508,239 164,827 Amortizationofacquiredtechnology 11,174 6,950 7,090 Totalcostofrevenue 6,764,169 2,823,815 1,994,477 Grossprofit 2,733,409 1,889,685 1,303,700 Operatingexpenses: Productdevelopment 881,826 670,606 497,479 Salesandmarketing 1,109,670 624,832 411,151 Generalandadministrative 579,203 436,250 339,245 Transactionandloanlosses 177,670 126,959 88,077 Amortizationofacquiredcustomerassets 3,855 4,481 4,362 Totaloperatingexpenses 2,752,224 1,863,128 1,340,314 Operatingincome(loss) (18,815) 26,557 (36,614) Gainonsaleofassetgroup (373,445) Interestexpense,net 56,943 21,516 17,982 Otherexpense(income),net (291,725) 273 (18,469) Income(loss)beforeincometax 215,967 378,213 (36,127) Provisionforincometaxes 2,862 2,767 2,326 Netincome(loss) $ 213,105 $ 375,446 $ (38,453) Netincome(loss)pershare: Basic $ 0.48 $ 0.88 $ (0.09) Diluted $ 0.44 $ 0.81 $ (0.09) Weighted-averagesharesusedtocomputenetincome(loss)pershare: Basic 443,126 424,999 405,731 Diluted 482,167 466,076 405,731 Seeaccompanyingnotestoconsolidatedfinancialstatements. 85

As of FY 2021, how much did Verizon expect to pay for its retirees in 2024?

Pension and postretirement health care and life insurance benefits earned during the year, as well as interest on projected benefit obligations, are accrued.

What drove operating margin change as of FY2022 for 3M? If operating margin is not a useful metric for a company like this, then please state that and explain why.

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 litigation 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 $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 charges (see Note 5), and continued investment in key growth initiatives. These increases were partially offset by restructuring benefits and ongoing general 3M cost management.

What is the FY2018 capital expenditure amount (in USD millions) for 3M? Give a response to the question by relying on the details shown in the cash flow statement.

Table of Contents 3M Company and Subsidiaries Consolidated Statement of Cash Flow s Years ended December 31 (Millions) 2018 2017 2016 Cash Flows from Operating Activities Net income including noncontrolling interest $ 5,363 $ 4,869 $ 5,058 Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities Depreciation and amortization 1,488 1,544 1,474 Company pension and postretirement contributions (370) (967) (383) Company pension and postretirement expense 410 334 250 Stock-based compensation expense 302 324 298 Gain on sale of businesses (545) (586) (111) Deferred income taxes (57) 107 7 Changes in assets and liabilities Accounts receivable (305) (245) (313) Inventories (509) (387) 57 Accounts payable 408 24 148 Accrued income taxes (current and long-term) 134 967 101 Other net 120 256 76 Net cash provided by (used in) operating activities 6,439 6,240 6,662 Cash Flows from Investing Activities Purchases of property, plant and equipment (PP&E) (1,577) (1,373) (1,420) Proceeds from sale of PP&E and other assets 262 49 58 Acquisitions, net of cash acquired 13 (2,023) (16) Purchases of marketable securities and investments (1,828) (2,152) (1,410) Proceeds from maturities and sale of marketable securities and investments 2,497 1,354 1,247 Proceeds from sale of businesses, net of cash sold 846 1,065 142 Other net 9 (6) (4) Net cash provided by (used in) investing activities 222 (3,086) (1,403) Cash Flows from Financing Activities Change in short-term debt net (284) 578 (797) Repayment of debt (maturities greater than 90 days) (1,034) (962) (992) Proceeds from debt (maturities greater than 90 days) 2,251 1,987 2,832 Purchases of treasury stock (4,870) (2,068) (3,753) Proceeds from issuance of treasury stock pursuant to stock option and benefit plans 485 734 804 Dividends paid to shareholders (3,193) (2,803) (2,678) Other net (56) (121) (42) Net cash provided by (used in) financing activities (6,701) (2,655) (4,626) Effect of exchange rate changes on cash and cash equivalents (160) 156 (33) Net increase (decrease) in cash and cash equivalents (200) 655 600 Cash and cash equivalents at beginning of year 3,053 2,398 1,798 Cash and cash equivalents at end of period $ 2,853 $ 3,053 $ 2,398 The accompanying Notes to Consolidated Financial Statements are an integral part of this statement. 60

What Was AMCOR's Adjusted Non GAAP EBITDA for FY 2023

Twelve Months Ended June 30, 2022 Twelve Months Ended June 30, 2023 ($ million) EBITDA EBIT Net Income EPS (Diluted US cents)(1) EBITDA EBIT Net Income EPS (Diluted US cents)(1) Net income attributable to Amcor 805 805 805 52.9 1,048 1,048 1,048 70.5 Net income attributable to non-controlling interests 10 10 10 10 Tax expense 300 300 193 193 Interest expense, net 135 135 259 259 Depreciation and amortization 579 569 EBITDA, EBIT, Net income and EPS 1,829 1,250 805 52.9 2,080 1,510 1,048 70.5 2019 Bemis Integration Plan 37 37 37 2.5 Net loss on disposals(2) 10 10 10 0.7 Impact of hyperinflation 16 16 16 1.0 24 24 24 1.9 Property and other losses, net(3) 13 13 13 0.8 2 2 2 0.1 Russia-Ukraine conflict impacts(4) 200 200 200 13.2 (90) (90) (90) (6.0) Pension settlements 8 8 8 0.5 5 5 5 0.3 Other 4 4 4 0.3 (3) (3) (3) (0.3) Amortization of acquired intangibles (5) 163 163 10.7 160 160 10.8 Tax effect of above items (32) (2.1) (57) (4.0) Adjusted EBITDA, EBIT, Net income and EPS 2,117 1,701 1,224 80.5 2,018 1,608 1,089 73.3

For Pfizer, which geographic region had the biggest drop in Q22023 year over year revenues (on a percentage basis)?

The following summarizes revenues by geographic area: Three Months Ended Six Months Ended (MILLIONS) July 2, 2023 July 3, 2022 % Change July 2, 2023 July 3, 2022 % Change United States $ 6,185 $ 11,222 (45) $ 14,692 $ 20,140 (27) Developed Europe 2,415 5,480 (56) 5,236 11,569 (55) Developed Rest of World 1,305 5,034 (74) 3,778 8,320 (55) Emerging Markets 2,828 6,006 (53) 7,308 13,373 (45) Revenues $ 12,734 $ 27,742 (54) $ 31,015 $ 53,402 (42)

Does Boeing have an improving gross margin profile as of FY2022? If gross margin is not a useful metric for a company like this, then state that and explain why.

The Boeing Company and Subsidiaries Consolidated Statements of Operations (Dollars in millions, except per share data) Years ended December 31, 2022 2021 2020 Sales of products $55,893 $51,386 $47,142 Sales of services 10,715 10,900 11,016 Total revenues 66,608 62,286 58,158 Cost of products (53,969) (49,954) (54,568) Cost of services (9,109) (9,283) (9,232) Boeing Capital interest expense (28) (32) (43) Total costs and expenses (63,106) (59,269) (63,843) 3,502 3,017 (5,685)

What is the quantity of restructuring costs directly outlined in Pepsico's income statements for FY2022? If restructuring costs are not explicitly outlined then state 0.

Note 3 Restructuring and Impairment Charges 2019 Multi-Year Productivity Plan We publicly announced a multi-year productivity plan on February 15, 2019 (2019 Productivity Plan) that will leverage new technology and business models to further simplify, harmonize and automate processes; re-engineer our go-to-market and information systems, including deploying the right automation for each market; and simplify our organization and optimize our manufacturing and supply chain footprint. To build on the successful implementation of the 2019 Productivity Plan, in the fourth quarter of 2022, we expanded and extended the plan through the end of 2028 to take advantage of additional opportunities within the initiatives described above. As a result, we expect to incur pre-tax charges of approximately $3.65 billion, including cash expenditures of approximately $2.9 billion. These pre-tax charges are expected to consist of approximately 55% of severance and other employee-related costs, 10% for asset impairments (all non-cash) resulting from plant closures and related actions and 35% for other costs associated with the implementation of our initiatives. The total plan pre-tax charges are expected to be incurred by division approximately as follows: FLNA QFNA PBNA LatAm Europe AMESA APAC Corporate Expected pre-tax charges 15 % 1 % 25 % 10 % 25 % 5 % 4 % 15 % A summary of our 2019 Productivity Plan charges is as follows: 2022 2021 2020 Cost of sales $ 33 $ 29 $ 30 Selling, general and administrative expenses 347 208 239 Other pension and retiree medical benefits expense 31 10 20 Total restructuring and impairment charges $ 411 $ 247 $ 289

How much was the Real change in Sales for AMCOR in FY 2023 vs FY 2022, if we exclude the impact of FX movement, passthrough costs and one-off items?

Three Months Ended June 30 Twelve Months Ended June 30 ($ million) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total Net sales fiscal year 2023 2,777 897 3,673 11,154 3,540 14,694 Net sales fiscal year 2022 2,967 942 3,909 11,151 3,393 14,544 Reported Growth % (6) (5) (6) 4 1 FX % 1 (1) (4) (1) (3) Constant Currency Growth % (7) (4) (6) 4 5 4 Raw Material Pass Through % 1 1 5 8 5 Items affecting comparability % (3) (2) (2) (1) Comparable Constant Currency Growth % (5) (4) (5) 1 (3) Volume % (7) (6) (7) (3) (4) (3) Price/Mix % 2 2 2 4 1 3

Has Boeing reported any materially important ongoing legal battles from FY2022?

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 accident of Ethiopian Airlines Flight 302.

What percent of Ulta Beauty's total spend on stock repurchases for FY 2023 occurred in Q4 of FY2023?

Share Repurchase Program During the fourth quarter of fiscal 2022, the Company repurchased 722,457 shares of its common stock at a cost of $328.1 million. During fiscal 2022, the Company repurchased 2.2 million shares of its common stock at a cost of $900.0 million. As of January 28, 2023, $1.1 billion remained available under the $2.0 billion share repurchase program announced in March 2022.

Which Best Buy product category performed the best (by top line) in the domestic (USA) Market during Q2 of FY2024?

Computing and Mobile Phones: The 6.4% comparable sales decline was driven primarily by computing, mobile phones and tablets. Consumer Electronics: The 5.7% comparable sales decline was driven primarily by home theater, partially offset by comparable sales growth in headphones and portable speakers. Appliances: The 16.1% comparable sales decline was driven primarily by large appliances. Entertainment: The 9.0% comparable sales growth was driven primarily by gaming, partially offset by comparable sales declines in virtual reality and drones. Services: The 7.6% comparable sales growth was driven primarily by the cumulative growth in our paid membership base

What is the amount of the gain accruing to JnJ as a result of the separation of its Consumer Health business segment, as of August 30, 2023?

Exhibit 99.1 Johnson & Johnson Announces Updated Financials and 2023 Guidance Following Completion of the Kenvue Separation Company expects increased 2023 Reported Sales Growth of 7.0% - 8.0%, Operational Sales Growth of 7.5% - 8.5%, and Adjusted Operational Sales Growth of 6.2% - 7.2%; Figures exclude the COVID-19 Vaccine Company expects 2023 Adjusted Reported Earnings Per Share (EPS) of $10.00 - $10.10, reflecting increased growth of 12.5% at the mid-point and Adjusted Operational EPS of $9.90 - $10.00, reflecting increased growth of 11.5% at the mid- point Company reduced outstanding share count by approximately 191 million; 2023 guidance reflects only a partial-year benefit of approximately 73.5 million shares or $0.28 benefit to EPS Company secured $13.2 billion in cash proceeds from the Kenvue debt offering and initial public offering and maintains 9.5% of equity stake in Kenvue Company maintains its quarterly dividend of $1.19 per share New Brunswick, N.J. (August 30, 2023) Johnson & Johnson (NYSE: JNJ) (the Company) today announced updates to its financials and 2023 guidance which reflect its operations as a company focused on transformational innovation in Pharmaceutical and MedTech. The Company has published a recorded webinar for investors to provide additional context behind the updated financials and 2023 guidance found in this release, which may be accessed by visiting the Investors section of the Company's website at webcasts & presentations. The completion of this transaction uniquely positions Johnson & Johnson as a Pharmaceutical and MedTech company focused on delivering transformative healthcare solutions to patients, said Joaquin Duato, Chairman of the Board and Chief Executive Officer. We are incredibly proud of the focus and dedication of our employees worldwide to achieve this milestone, which we are confident will unlock near- and long- term value for all of our stakeholders. As previously announced, the Company recently completed an exchange offer to finalize the separation of Kenvue Inc., formerly Johnson & Johnsons Consumer Health business. As a result of the completion of the exchange offer, Johnson & Johnson will now present its Consumer Health business financial results as discontinued operations, including a gain of approximately $20 billion in the third quarter of 2023.

Which region had the Highest EBITDAR Contribution for MGM during FY2022?

dited) Three months ended Twelve months ended December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Las Vegas Strip Resorts $ 877,052 $ 698,739 $ 3,142,308 $ 1,738,211 Regional Operations 319,517 309,250 1,294,630 1,217,814 MGM China (54,979) 5,015 (203,136) 25,367 Unconsolidated affiliates(1) (43,029) (49,698) (222,079) (131,590) Management and other operations (3,037) 2,087 (11,934) 15,766 Stock compensation (25,159) (26,494) (71,297) (63,984) Corporate(2) (113,058) (117,491) (431,238) (380,501) $ 957,307 $ 3,497,254

Were there any board member nominees who had substantially more votes against joining than the other nominees?

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 annual meeting of shareholders to be held in 2023, the votes were cast for the proposal as set forth below: Name Votes For Votes Against Abstentions Broker Non-Votes Virginia C. Drosos 59,657,810 294,935 10,714,238 6,884,223 Alan D. Feldman 54,760,830 5,184,437 10,721,716 6,884,223 Richard A. Johnson 54,484,293 16,105,005 77,685 6,884,223 Guillermo G. Marmol 54,193,921 5,753,395 10,719,667 6,884,223 Darlene Nicosia 55,123,930 4,827,808 10,715,245 6,884,223 Steven Oakland 55,421,657 4,524,393 10,720,933 6,884,223 Ulice Payne, Jr. 54,993,396 4,950,917 10,722,670 6,884,223 Kimberly Underhill 55,046,260 4,906,500 10,714,223 6,884,223 Tristan Walker 55,528,794 4,419,340 10,718,849 6,884,223 Dona D. Young 53,876,257 6,074,467 10,716,259 6,884,223 Based on the votes set forth above, each of the ten nominees to the Board was duly elected.

What industry does AMCOR primarily operate in?

Today, we are a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home and personal-care, and other products

According to the details clearly outlined within the balance sheet, how much total current assets did Nike have at the end of FY2019? Answer in USD millions.

Table of Contents NIKE, INC. CONSOLIDATED BALANCE SHEETS MAY 31, (Dollars in millions) 2019 2018 ASSETS Current assets: Cash and equivalents $ 4,466 $ 4,249 Short-term investments 197 996 Accounts receivable, net 4,272 3,498 Inventories 5,622 5,261 Prepaid expenses and other current assets 1,968 1,130 Total current assets 16,525 15,134 Property, plant and equipment, net 4,744 4,454 Identifiable intangible assets, net 283 285 Goodwill 154 154 Deferred income taxes and other assets 2,011 2,509 TOTAL ASSETS $ 23,717 $ 22,536 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $ 6 $ 6 Notes payable 9 336 Accounts payable 2,612 2,279 Accrued liabilities 5,010 3,269 Income taxes payable 229 150 Total current liabilities 7,866 6,040 Long-term debt 3,464 3,468 Deferred income taxes and other liabilities 3,347 3,216 Commitments and contingencies (Note 18) Redeemable preferred stock Shareholders' equity: Common stock at stated value: Class A convertible 315 and 329 shares outstanding Class B 1,253 and 1,272 shares outstanding 3 3 Capital in excess of stated value 7,163 6,384 Accumulated other comprehensive income (loss) 231 (92) Retained earnings 1,643 3,517 Total shareholders' equity 9,040 9,812 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 23,717 $ 22,536 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. 52 NIKE, INC.

Basing your judgments off of the cash flow statement and the income statement, what is American Water Works's FY2021 unadjusted operating income + depreciation and amortization from the cash flow statement (unadjusted EBITDA) in USD millions?

Table of Contents American Water Works Company, Inc. and Subsidiary Companies Consolidated Statements of Operations (In millions, except per share data) For the Years Ended December 31, 2021 2020 2019 Operating revenues $ 3,930 $ 3,777 $ 3,610 Operating expenses: Operation and maintenance 1,777 1,622 1,544 Depreciation and amortization 636 604 582 General taxes 321 303 280 Other (10) Total operating expenses, net 2,734 2,529 2,396 Operating income 1,196 1,248 1,214 Other income (expense): Interest expense (403) (397) (386) Interest income 4 2 4 Non-operating benefit costs, net 78 49 16 Gain or (loss) on sale of businesses 747 (44) Other, net 18 22 29 Total other income (expense) 444 (324) (381) Income before income taxes 1,640 924 833 Provision for income taxes 377 215 212 Net income attributable to common shareholders $ 1,263 $ 709 $ 621 Basic earnings per share: (a) Net income attributable to common shareholders $ 6.96 $ 3.91 $ 3.44 Diluted earnings per share: (a) Net income attributable to common shareholders $ 6.95 $ 3.91 $ 3.43 Weighted average common shares outstanding: Basic 182 181 181 Diluted 182 182 181 (a) Amounts may not calculate due to rounding. The accompanying notes are an integral part of these Consolidated Financial Statements. 84

Based on the information provided primarily in the balance sheet and the statement of income, what is FY2020 days payable outstanding (DPO) for Corning? DPO is defined as: 365 * (average accounts payable between FY2019 and FY2020) / (FY2020 COGS + change in inventory between FY2019 and FY2020). Round your answer to two decimal places.

Index Consolidated Statements of Income Corning Incorporated and Subsidiary Companies YearendedDecember31, (Inmillions,exceptpershareamounts) 2020 2019 2018 Netsales $ 11,303 $ 11,503 $ 11,290 Costofsales 7,772 7,468 6,829 Grossmargin 3,531 4,035 4,461 Operatingexpenses: Selling,generalandadministrativeexpenses 1,747 1,585 1,799 Research,developmentandengineeringexpenses 1,154 1,031 993 Amortizationofpurchasedintangibles 121 113 94 Operatingincome 509 1,306 1,575 Equityin(losses)earningsofaffiliatedcompanies(Note3) (25) 17 390 Interestincome 15 21 38 Interestexpense (276) (221) (191) Translatedearningscontract(loss)gain,net(Note15) (38) 248 (93) Transaction-relatedgain,net(Note4) 498 Otherexpense,net (60) (155) (216) Incomebeforeincometaxes 623 1,216 1,503 Provisionforincometaxes(Note8) (111) (256) (437) NetincomeattributabletoCorningIncorporated $ 512 $ 960 $ 1,066 Earningspercommonshareattributableto CorningIncorporated: Basic(Note18) $ 0.54 $ 1.11 $ 1.19 Diluted(Note18) $ 0.54 $ 1.07 $ 1.13 Theaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements. 70

Is 3M a capital-intensive business based on FY2022 data?

3M Company and Subsidiaries Consolidated Statement of Income Years ended December 31 (Millions, except per share amounts) 2022 2021 2020 Net sales $ 34,229 $ 35,355 $ 32,184

Does 3M maintain a stable trend of dividend distribution?

This marked the 65th consecutive year of dividend increases for 3M.