Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Talu stores in central and western Canada. It also operates Circle K shops in the United States. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per-share amounts) 2019 2018 2017 $27,310.0 22,798.4 Revenues $31,000.0 26,232.2 4,767.8 $30,590.0 26,182.0 4,408.0 3,462.8 62.9 Cost of sales Gross profit Operating, selling, administrative, and general expenses Restructuring costs (Gain) loss on disposal of property and equipment and other 4,511.6 3,633.2 15.3 3,416.5 14.1 assets (2.6) (18.9) 9.1 Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets Total operating expenses Operating income Share of earnings of joint ventures and associated companies accounted for using the equity method Net financial expenses 334.8 318.1 281.3 3,980.7 787.1 3,824.9 3,721.0 583.1 790.6 68.2 101.2 110.1 13.2 109.2 694.6 111.2 754.1 582.0 Earnings before income taxes Income taxes 220.1 128.5 71.1 24 534.0 24 453.5 623.5 Net earnings Required: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers shou' ndicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to roundins CONSOLIDATED STATEMENTS OF EARNINGS
Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Talu stores in central and western Canada. It also operates Circle K shops in the United States. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per-share amounts) 2019 2018 2017 $27,310.0 22,798.4 Revenues $31,000.0 26,232.2 4,767.8 $30,590.0 26,182.0 4,408.0 3,462.8 62.9 Cost of sales Gross profit Operating, selling, administrative, and general expenses Restructuring costs (Gain) loss on disposal of property and equipment and other 4,511.6 3,633.2 15.3 3,416.5 14.1 assets (2.6) (18.9) 9.1 Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets Total operating expenses Operating income Share of earnings of joint ventures and associated companies accounted for using the equity method Net financial expenses 334.8 318.1 281.3 3,980.7 787.1 3,824.9 3,721.0 583.1 790.6 68.2 101.2 110.1 13.2 109.2 694.6 111.2 754.1 582.0 Earnings before income taxes Income taxes 220.1 128.5 71.1 24 534.0 24 453.5 623.5 Net earnings Required: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers shou' ndicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to roundins CONSOLIDATED STATEMENTS OF EARNINGS
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 103.4C
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Transcribed Image Text:Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's
stores in central and western Canada. It also operates Circle K shops in the United States.
CONSOLIDATED STATEMENTS OF EARNINGS
For the years ended April 28, 2019, April 29, 2018, and April 30, 2017
(in millions of U.S. dollars, except per-share amounts)
2019
2018
$30,590.0
26,182.0
4,408.0
3,462.8
2017
$27,310.0
22,798.4
Revenues
$31,000.0
Cost of sales
26,232.2
Gross profit
Operating, selling, administrative, and general expenses
Restructuring costs
(Gain) loss on disposal of property and equipment and other
4,767.8
3,633.2
4,511.6
3,416.5
15.3
62.9
14.1
assets
(2.6)
(18.9)
9.1
Depreciation, amortization, and impairment of property and
equipment, intangible assets and other assets
Total operating expenses
Operating income
Share of earnings of joint ventures and associated companies
accounted for using the equity method
Net financial expenses
Earnings before income taxes
Income taxes
334.8
318.1
281.3
3,721.0
790.6
3,980.7
3,824.9
583.1
787.1
110.1
111.2
13.2
109.2
68.2
101.2
754.1
582.0
694.6
220.1
534.0
128.5
71.1
453.5
$4
623.5
Net earnings
Required:
Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers shoul
indicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to rounding
CONSOLIDATED STATEMENTS OF EARNINGS
uD0 2010 April 29, 2018. and April 30, 2017
Transcribed Image Text:indicated by a minus sign. Round the final ansWers to
CONSOLIDATED STATEMENTS OF EARNINGS
For the years ended April 28, 2019, April 29, 2018, and April 30, 2017
(in millions ofU.S. dollars, except per-share amounts)
2019
2018
2017
2019
2018
2017
Revenues
$ 27,310.0
22,798.4
$ 31,000.0 $
30,590.0
Cost of sales
26,232.2
26, 182.0
%
Gross profit
4,767.8
4,408.0
4,511.6
%
Operating, selling, administrative, and general expenses
3,633.2
3,462.8
3,416.5
%
Restructuring costs
15.3
62.9
14.1
%
%
(2.6)
(18.9)
(9.1)
%
%
(Gain) loss on disposal of property and equipment and other assets
Depreciation, amortization, and impairment of property and equipment,
intangible assets and other assets
Total operating expenses
334.8
318.1
281.3
%
3,980.7
3,824.9
3,721.0
%
787.1
583.1
790.6
Operating income
Share of earnings of joint ventures and associated companies accounted
for using the equity method
Net financial expenses
68.2
110.1
13.2
%
101.2
111.2
109.2
%
754.1
582.0
694.6
%
Earnings before income taxes
220.1
128.5
71.1
Income taxes
$
534.0
24
453.5
2$
623.5
Net earnings
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