Analyze the financial statements of the company to you in terms of: 5) Profitability Ratio 2020 Analysis BUT also compare with 2018 - 2019. Please show your solution on computation.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Analyze the financial statements of the company to you in terms of:

5) Profitability Ratio

2020 Analysis BUT also compare with 2018 - 2019.

Please show your solution on computation. 

Income statement (P&L) ($ in millions)
Annual | Quarterly
12/31/2020
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
TTM
Revenues
23,170
23,518
26,509
24,720
22,387
21,316
19,163
Revenue, net
22,387
21,316
19,163
Cost of revenue
(18,317)
(18,459)
(19,021)
(17,368)
(15,532)
(14,575)
(12,580)
Cost of goods and services sold
(1,998)
(8,527)
(10,175)
(9,038)
(8,511)
(7,788)
Gross profit:
4,853
5,059
7,488
7,352
6,855
6,741
6,582
Operating expenses
(3,929)
(3,820)
(3,708)
(3,770)
(3,112)
(2,887)
(3,231)
Other undisclosed operating income
331
323
298
301
391
318
250
Operating income:
1,255
1,562
4,078
3,883
4,135
4,172
3,601
Nonoperating expense
(5)
(Investment Income, Nonoperating)
Interest and debt expense
(466)
(437)
(331)
(170)
(93)
(81)
(132)
Income from continuing operations
790
1,125
3,747
3,713
4,042
4,091
3,465
before equity method investments,
income taxes:
Income from equity method investments
250
Other undisclosed income from continuing
39
40
719
2,067
275
108
188
operations before income taxes
Income from continuing operations
829
1,164
4,466
5,780
4,318
4,199
3,903
before income taxes:
Income tax expense
(167)
(240)
(872)
(1,262)
(1,433)
(1,380)
(1,144)
Net income:
662
925
3,595
4,518
2,885
2,819
2,759
Net income (loss) attributable to
noncontrolling interest
3
4
(0)
(1)
(2)
Net income available to common
665
928
3,599
4,518
2,885
2,818
2,757
stockholders, diluted:
Comprehensive Income ($ in millions)
Annual | Quarterly
12/31/2020
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
TTM
Net income:
662
925
3,595
4,518
2,885
2,819
2,759
Other comprehensive income (loss)
242
134
(173)
(175)
(47)
91
(225)
Comprehensive income:
903
1,059
3,422
4,343
2,838
2,910
2,535
Comprehensive income (loss), net of tax,
attributable to noncontrolling interest
4
(0)
(1)
29
2,838
Comprehensive income, net of tax,
attributable to parent:
906
1,062
3,426
4,344
2,909
2,564
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data
Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible
Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed
information.
Transcribed Image Text:Income statement (P&L) ($ in millions) Annual | Quarterly 12/31/2020 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015 TTM Revenues 23,170 23,518 26,509 24,720 22,387 21,316 19,163 Revenue, net 22,387 21,316 19,163 Cost of revenue (18,317) (18,459) (19,021) (17,368) (15,532) (14,575) (12,580) Cost of goods and services sold (1,998) (8,527) (10,175) (9,038) (8,511) (7,788) Gross profit: 4,853 5,059 7,488 7,352 6,855 6,741 6,582 Operating expenses (3,929) (3,820) (3,708) (3,770) (3,112) (2,887) (3,231) Other undisclosed operating income 331 323 298 301 391 318 250 Operating income: 1,255 1,562 4,078 3,883 4,135 4,172 3,601 Nonoperating expense (5) (Investment Income, Nonoperating) Interest and debt expense (466) (437) (331) (170) (93) (81) (132) Income from continuing operations 790 1,125 3,747 3,713 4,042 4,091 3,465 before equity method investments, income taxes: Income from equity method investments 250 Other undisclosed income from continuing 39 40 719 2,067 275 108 188 operations before income taxes Income from continuing operations 829 1,164 4,466 5,780 4,318 4,199 3,903 before income taxes: Income tax expense (167) (240) (872) (1,262) (1,433) (1,380) (1,144) Net income: 662 925 3,595 4,518 2,885 2,819 2,759 Net income (loss) attributable to noncontrolling interest 3 4 (0) (1) (2) Net income available to common 665 928 3,599 4,518 2,885 2,818 2,757 stockholders, diluted: Comprehensive Income ($ in millions) Annual | Quarterly 12/31/2020 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015 TTM Net income: 662 925 3,595 4,518 2,885 2,819 2,759 Other comprehensive income (loss) 242 134 (173) (175) (47) 91 (225) Comprehensive income: 903 1,059 3,422 4,343 2,838 2,910 2,535 Comprehensive income (loss), net of tax, attributable to noncontrolling interest 4 (0) (1) 29 2,838 Comprehensive income, net of tax, attributable to parent: 906 1,062 3,426 4,344 2,909 2,564 Statements sources The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.
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