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[answered] MACY'S, INC. CONSOLIDATED STATEMENTS OF INCOME (millio


i need help with this annalist project for financial accounting.


MACY?S, INC.

 

CONSOLIDATED STATEMENTS OF INCOME

 

(millions, except per share data) 2015 Net sales ...................................................................................................

 

Cost of sales .............................................................................................

 

Gross margin ............................................................................................

 

Selling, general and administrative expenses...........................................

 

Impairments, store closing and other costs ..............................................

 

Operating income .....................................................................................

 

Interest expense ........................................................................................

 

Premium on early retirement of debt........................................................

 

Interest income .........................................................................................

 

Income before income taxes.....................................................................

 

Federal, state and local income tax expense ............................................

 

Net income ...............................................................................................

 

Net loss attributable to noncontrolling interest ........................................

 

Net income attributable to Macy's, Inc. shareholders ..............................

 

Basic earnings per share attributable to

 

Macy's, Inc. shareholders......................................................................

 

Diluted earnings per share attributable to

 

Macy's, Inc. shareholders...................................................................... $ 2014 27,079 $

 

(16,496) 2013 28,105 $

 

(16,863) 10,583

 

(8,256)

 

(288) 11,242

 

(8,355)

 

(87) 11,206

 

(8,440)

 

(88) 2,039

 

(363) 2,800

 

(395)

 

(17) 2,678

 

(390) ?

 

2

 

1,678

 

(608) 2

 

2,390

 

(864) ?

 

2

 

2,290

 

(804) $ 1,486

 

?

 

1,486 $ 1,070

 

2

 

1,072 $ 1,526

 

?

 

1,526 $ 3.26 $ 4.30 $ 3.93 $ 3.22 $ 4.22 $ 3.86 The accompanying notes are an integral part of these Consolidated Financial Statements. F-4 27,931

 

(16,725) MACY?S, INC.

 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

 

(millions) 2015 Net income ............................................................................................... $

 

Other comprehensive income (loss), net of taxes:

 

Actuarial gain (loss) and prior service cost on post employment

 

and postretirement benefit plans, net of tax effect of

 

$269 million and $108 million..........................................................

 

Reclassifications to net income:

 

Net actuarial loss on post employment and postretirement

 

benefit plans, net of tax effect of $19 million, $10 million

 

and $61 million..............................................................................

 

Total other comprehensive income (loss).................................................

 

Comprehensive income ............................................................................

 

Comprehensive loss attributable to noncontrolling interest .....................

 

Comprehensive income attributable to

 

Macy's, Inc. shareholders...................................................................... $ 2014 1,070 $ 2013 1,526 1,486 ? (422) 170 29

 

29

 

1,099

 

2 15

 

(407) 96

 

266

 

1,752

 

? 1,101 1,119

 

?

 

$ 1,119 The accompanying notes are an integral part of these Consolidated Financial Statements. F-5 $ $ 1,752 MACY?S, INC.

 

CONSOLIDATED BALANCE SHEETS

 

(millions) ASSETS

 

Current Assets:

 

Cash and cash equivalents ............................................................................................

 

Receivables ...................................................................................................................

 

Merchandise inventories...............................................................................................

 

Prepaid expenses and other current assets ....................................................................

 

Total Current Assets ..............................................................................................

 

Property and Equipment ? net..............................................................................................

 

Goodwill ..............................................................................................................................

 

Other Intangible Assets ? net...............................................................................................

 

Other Assets .........................................................................................................................

 

Total Assets............................................................................................................

 

LIABILITIES AND SHAREHOLDERS? EQUITY

 

Current Liabilities:

 

Short-term debt .............................................................................................................

 

Merchandise accounts payable .....................................................................................

 

Accounts payable and accrued liabilities......................................................................

 

Income taxes .................................................................................................................

 

Total Current Liabilities.........................................................................................

 

Long-Term Debt...................................................................................................................

 

Deferred Income Taxes........................................................................................................

 

Other Liabilities ...................................................................................................................

 

Shareholders? Equity:

 

Common stock (310.3 and 340.6 shares outstanding)..................................................

 

Additional paid-in capital .............................................................................................

 

Accumulated equity ......................................................................................................

 

Treasury stock...............................................................................................................

 

Accumulated other comprehensive loss .......................................................................

 

Total Macy's, Inc. Shareholders? Equity................................................................

 

Noncontrolling interest .................................................................................................

 

Total Shareholders' Equity.....................................................................................

 

Total Liabilities and Shareholders? Equity............................................................ January 30, 2016 January 31, 2015 $ 1,109

 

558

 

5,506

 

479

 

7,652

 

7,616

 

3,897

 

514

 

897

 

20,576 $ 642

 

1,526

 

3,333

 

227

 

5,728

 

6,995

 

1,477

 

2,123 $ $ $ $ 3

 

621

 

6,334

 

(1,665)

 

(1,043)

 

4,250

 

3

 

4,253

 

20,576 $ The accompanying notes are an integral part of these Consolidated Financial Statements. F-6 $ 2,246

 

424

 

5,417

 

493

 

8,580

 

7,800

 

3,743

 

496

 

711

 

21,330 76

 

1,594

 

3,109

 

296

 

5,075

 

7,233

 

1,443

 

2,201

 

4

 

1,048

 

7,340

 

(1,942)

 

(1,072)

 

5,378

 

?

 

5,378

 

21,330 MACY?S, INC.

 

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS? EQUITY

 

(millions) Common

 

Stock Balance at February 2, 2013 .............. $ 4 Accumulated

 

Other

 

Comprehensive

 

Income (Loss) Additional

 

Paid-In

 

Capital Accumulated

 

Equity Treasury

 

Stock $ $ $ (2,002) $ 3,872 Net income .........................................

 

Other comprehensive income ............ 5,108

 

1,486 Total

 

Macy's, Inc.

 

Shareholders?

 

Equity (931) $

 

266 Common stock dividends

 

($.95 per share) ................................ (359) Stock repurchases............................... (1,571) 6,051

 

1,486

 

266 Noncontrolling

 

Interest Total

 

Shareholders'

 

Equity $ $ ? 6,051

 

1,486

 

266 (359) (359) (1,571) (1,571) Stock-based compensation

 

expense............................................. 60 60 60 Stock issued under stock plans .......... (84) 399 315 315 Retirement of common stock ............. (1,326) 1,326 ? ? Deferred compensation

 

plan distributions .............................

 

Balance at February 1, 2014 .............. 1

 

4 2,522 6,235 Net income ......................................... (1,847) 1

 

(665) 1,526

 

(407)

 

(421) Stock repurchases............................... (1,901) Stock-based compensation

 

expense .......................................... ? 6,249 1,526 Other comprehensive loss ..................

 

Common stock dividends ($1.1875

 

per share) ......................................... 1 6,249 72 1,526 (407) (407) (421) (421) (1,901) (1,901) 72 72 Stock issued under stock plans .......... (66) 324 258 258 Retirement of common stock ............. (1,480) 1,480 ? ? Deferred compensation

 

plan distributions .............................

 

Balance at January 31, 2015 .............. 2

 

4 1,048 7,340

 

1,072 Net income (loss) ............................... (1,942) 29 Other comprehensive income ............

 

Common stock dividends ($1.3925

 

per share) ......................................... (456) Stock repurchases............................... (2,001) Stock-based compensation

 

expense .......................................... 64 Stock issued under stock plans .......... (64) Retirement of common stock ............. 2

 

(1,072) (1) (427) (1,622) Deferred compensation

 

plan distributions ............................. ?

 

(2) (456) (456) (2,001) (2,001) 64 64 162 162 2,050 ? ? 2 2 2 ?

 

3 $ 621 $ 6,334 $ (1,665) $ (1,043) $ 4,250 5

 

$ The accompanying notes are an integral part of these Consolidated Financial Statements. F-7 5,378

 

1,070

 

29 226 Macy's China Limited........................

 

Balance at January 30, 2016 .............. $ 2 5,378

 

1,072

 

29 3 5

 

$ 4,253

 


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