instruction stringlengths 46 592 | context stringlengths 67 5.76k | response dict |
|---|---|---|
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 ... | {
"answer": "Pepsico experienced a strong start to FY2023.",
"justification": null
} |
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 ... | {
"answer": "Data Center",
"justification": "Data center: \nFY22: 6,043\nFY21: 3,694 \n6,043/3,694-1 = 63,59%\n\nClient: \nFY22: 6,201\nFY21: 6,887 \n6,201/6,887-1 = -9,96%\n\n\nGaming: \nFY22: 6,805\nFY21: 5,607 \n6,805/5,607-1 = 21,37%"
} |
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 ... | {
"answer": "Wages expense as a percent of net sales increased in FY2023. The answer here assumes FY2023 refers to the 12 months ended on January 28, 2023 (although the company refers to this period as its fiscal 2022.",
"justification": "Fiscal 2022 = FY2023. Fiscal 2021 = FY2022. Store payroll and benefits = wage... |
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... | {
"answer": "There are none",
"justification": "No debt securities are listed under the securities registered pursuant to Section 12(b) of the Act, which implies there are 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 n... | {
"answer": "Performance is not measured through gross margin",
"justification": "It's a financial services company and performance is measured through the Net Interest Margin."
} |
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
Ot... | {
"answer": "Yes, change in PPNE was positive year over year",
"justification": "14882 - 13745 > 0"
} |
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
... | {
"answer": "Yes. Boeing has product and service categories that represent more than 20% of Boeing's revenue for FY2022. These categories are Commercial Airplanes which comprises 39% of total revenue, Defence which comprises 35% of total revenue and Services which comprises 26% of total revenue.",
"justification": ... |
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. | {
"answer": "Boeing's primary customers as of FY2022 are a limited number of commercial airlines and the US government. The US government accounted for 40% of Boeing's total revenues in FY2022.",
"justification": null
} |
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. | {
"answer": "Yes, CVS paid a $ 0.55 dividend per share every quarter in FY2022",
"justification": null
} |
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 rec... | {
"answer": "No. Microsoft decreased its debt by $2.5bn in FY 2023 vs FY 2022.",
"justification": "Current portion of long-term debt+Long-term debt\n5247+41990\n2749+47032"
} |
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... | {
"answer": "2.8%",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Total revenue. This metric was located in the 10K as a single line item named: Revenue.\n\nMetric ... |
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 comparabl... | {
"answer": "Yes, there is decline in number stores by 1.32% from 982 stores in Q2 FY 2023 to 969 by the end of Q2 FY2024.",
"justification": "969/982-1"
} |
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
... | {
"answer": "No. The quick ratio for 3M was 0.96 by Jun'23 close, which needs a bit of an improvement to touch the 1x mark",
"justification": "Quick Ratio= (Total current assets-Total inventories)/Total current liabilities\n(15,754-5,280)/10,936"
} |
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. | {
"answer": "Yes, it's spinning off Upjohn.",
"justification": null
} |
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 clearl... | 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:... | {
"answer": "6.2%",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Depreciation and amortization. This metric was located in the 10K as a single line item named: Dep... |
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
... | {
"answer": "$5818.00",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Total current liabilities. This metric was located in the 10K as a single line item named: Tot... |
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... | 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)
(44,5... | {
"answer": "1.33",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Total revenue. This metric was located in the 10K as a single line item named: Total net sales.\n\... |
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 ... | {
"answer": "Pepsico raised full year guidance in respect of core constant currency EPS growth by 1 percentage point.",
"justification": null
} |
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 * (ave... | 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 expense... | {
"answer": "-3.7",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Accounts payable. This metric was located in the 10K as a single line item named: Accounts payable... |
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 state... | 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:... | {
"answer": "42.69",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Accounts payable. This metric was located in the 10K as a single line item named: Accounts payabl... |
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... | 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 ... | {
"answer": "4.2%",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Depreciation and amortization. This metric was located in the 10K as a single line item named: Dep... |
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 f... | 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 3... | {
"answer": "24.26",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Total revenue. This metric was located in the 10K as a single line item named: Total net revenues... |
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 expen... | {
"answer": "39.7%",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Cost of goods sold. This metric was located in the 10K as a single line item named: Cost of goods... |
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
$... | {
"answer": "United States, EMEA, APAC, and LACC",
"justification": null
} |
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 ... | {
"answer": "Since JPM is a financial institution, gross margin is not a relevant metric.",
"justification": null
} |
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 acc... | {
"answer": "0.83",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Cash from operations. This metric was located in the 10K as a single line item named: Net cash pro... |
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
... | {
"answer": "0",
"justification": null
} |
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 %
... | {
"answer": "The effective tax rate for American Express has changed/dropped from 24.6% in FY 2021 to 21.6% in FY 2022.",
"justification": null
} |
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... | {
"answer": "Cross currency swaps. Its notional value was $32,502 million.",
"justification": "The derivative instruments used to mangae the exposure were interest rate swaps, cross currency swaps, forward starting interest rate swaps, and foreign exchange forwards. 32502 > 19779 > 1000 > 932"
} |
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 ... | {
"answer": "16.5%",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Depreciation and amortization. This metric was located in the 10K as a single line item named: De... |
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
... | {
"answer": "Ulta Beauty did not make any acquisitions in FY2023 and FY2022.",
"justification": "Consolidated statement of cash flows reflects - for Acquisitions, net of cash acquired in FY2023 and FY2022."
} |
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... | {
"answer": "Amcor completed these acquisitions during FY2023:\n-100% equity interest of a flexibles manufacturing company in the Czech Republic\n- 100% equity interest in a medical device packaging manufacturing site in\nShanghai, China.\n-acquisition of a New Zealand-based leading manufacturer of state-of-the-art, ... |
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,... | {
"answer": "$8.70",
"justification": "The metric ppne, net was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Property, plant and equipment â net."
} |
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
446,46... | {
"answer": "65.4%",
"justification": "The metric unadjusted operating income was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Operating income. The final step was to execute the desired percent change calculation on unadjusted operating income."
} |
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 | {
"answer": "No. For AMCOR there has been a slight decline in gross margins by 0.8%.",
"justification": "Gross Profit/Net Sales\n2725/14694\n2820/14544"
} |
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 administr... | {
"answer": "0.01",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Net income. This metric was located in the 10K as a single line item named: NET INCOME ATTRIBUTABL... |
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 un... | {
"answer": "Customer deposits",
"justification": null
} |
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. | {
"answer": "77.78",
"justification": "10% cost is remaining amount in the future. Calculation: 700/9 is 10% of the cost remaining"
} |
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, amortizat... | {
"answer": "Yes, the FCF conversion (using net income as the denominator) for Adobe has improved by ~13% from 143% in 2021 to 156% in 2022",
"justification": "FCF Conversion: (Net cash provided by operating activities - Purchases of property and equipment)/Net income\n(7838-442)/4756\n(7230-348)/4822"
} |
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... | {
"answer": "Following debt securities registered under 3M's name are listed to trade on the New York Stock Exchange:\n-1.500% Notes due 2026 (Trading Symbol: MMM26)\n-1.750% Notes due 2030 (Trading Symbol: MMM30)\n-1.500% Notes due 2031 (Trading Symbol: MMM31)",
"justification": null
} |
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)
... | {
"answer": "Among the three, cash flow from operations was the highest for Nike in FY2023.",
"justification": null
} |
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 reconc... | {
"answer": "$3215.00",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Cash from operations. This metric was located in the 10K as a single line item named: Net cash... |
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 | {
"answer": "Yes",
"justification": null
} |
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,... | {
"answer": "Yes, CVS Health requires an extensive asset base to operate, which is evident from its ROA of only 1.82% in 2022 and 3.39% in 2021, though it should be noted that a significant portion of this asset base is goodwill, and CVS's fixed assets/total assets ratio is on the lower side of 5.6%.",
"justificati... |
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... | {
"answer": "Yes, net earnings as a percent of sales increased from 20% in Q2 of FY2022 to 20.1% in Q2 of FY2023.",
"justification": null
} |
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... | {
"answer": "In 2022, AMD brought in the most cashflow from Operations",
"justification": null
} |
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
... | {
"answer": "Yes, there was a decline of ~42% between FY2023 and Q2 of FY 2024.",
"justification": "1093/1874-1"
} |
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 Va... | {
"answer": "JnJ realised $13.2 billion in cash proceeds from the separation of Kenvue.",
"justification": null
} |
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,... | {
"answer": "The effective tax rate of Corning has changed from 20% in FY2021 to 23% in FY 2022.",
"justification": null
} |
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, exclu... | {
"answer": "6.25",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Cost of goods sold. This metric was located in the 10K as a single line item named: Cost of produc... |
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
9... | {
"answer": "No. Verizon's debt decreased by $229 million.",
"justification": "debt change = debt in 2022 - debt in 2021 = 150639 - 150868 = -229"
} |
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, respec... | {
"answer": "-0.02",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Net income. This metric was located in the 10K as a single line item named: NET INCOME (LOSS) ATT... |
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
... | {
"answer": "Yes, the margins have been consistent, there has been a minor decline of 1.1% in gross margins between FY2022 and FY2023.",
"justification": "Gross Profit/Revenue\n9912/46298\n11640/51761"
} |
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 rec... | {
"answer": "Yes. Verizon's capital intensity ratio was approximately 2.774729. This means that it took approximately $2.77 of assets to generate $1 of revenue and thus, Verizon can be considered capital intensive.",
"justification": "capital intensity ratio = total asset / revenue = 379680/ 136835 = 2.774729, whic... |
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 adjudicat... | {
"answer": "Yes, CVS Health has been involved in multiple ongoing legal battles. Some notable legal dispute areas for CVS are: (1) usual and customary pricing litigation: where it's claimed that CVSâs retail pharmacies overcharged for prescription drugs; (2) PBM litigation and investigations: where it's claimed th... |
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-cashinte... | {
"answer": "$382.00",
"justification": "The metric cash from operations was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Net cash provided by operating activities."
} |
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 rig... | {
"answer": "$4.60",
"justification": "The metric capital expenditures was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Capital spending."
} |
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
Acc... | {
"answer": "JnJ sold its inventory 2.7 times in FY2022.",
"justification": "Inventory turnover ratio = Cost of products sold/average inventories = 31,089/((12,483+10,387)/2) = 2.7"
} |
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 operatin... | {
"answer": "$0.40",
"justification": "The metric total cash dividends paid out was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Dividends paid."
} |
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... | {
"answer": "Effective tax rate in FY2022 was 0.62%, compared to -14.76% in FY2021.",
"justification": "Effective tax rate=Income tax (expense) benefit/ Loss before income taxes*100=(31)/(5,022)*100=0.62% in 2022 and 743/(5,033)*100=-14.76%."
} |
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)
(14,92... | {
"answer": "As adjusted EBIT is negative, coverage ratio is zero",
"justification": null
} |
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... | {
"answer": "$400,000,000 increase.",
"justification": "Increase in five year unsecured revolving credit agreement = May 26, 2023, five year unsecured revolving credit agreement amount of $4,200,000,000 - May 27, 2022, five year unsecured revolving credit agreement amount of $3,800,000,000 = $400,000,000"
} |
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... | {
"answer": "0.4%",
"justification": "The metric total revenue was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Total net sales. The final step was to execute the desired CAGR calculation on total revenue."
} |
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 ... | {
"answer": "Lower marketing expenses and leverage of incentive compensation due to higher sales. The answer here assumes FY2023 refers to the 12 months ended on January 28, 2023 (although the company refers to this period as its fiscal 2022.",
"justification": "Fiscal 2022 = FY2023. Fiscal 2021 = FY2022."
} |
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 Off... | {
"answer": "Yes. She was previous CEO of Ulta Beauty which means she had to manage a large retail company that has brick and mortar + online business. So yes she was a CEO in a similar company to Foot Locker before this.",
"justification": null
} |
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 primari... | {
"answer": "Increase in Merchandise inventories balance was driven by the opening of 47 new stores. The answer here assumes FY2023 refers to the 12 months ended on January 28, 2023 (although the company refers to this period as its fiscal 2022.",
"justification": "Fiscal 2022 = FY2023. Fiscal 2021 = FY2022."
} |
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
Prep... | {
"answer": "Yes. The quick ratio is 1.57, calculated as (cash and cash equivalents+Short term investments+Accounts receivable, net+receivables from related parties)/ (current liabilities).",
"justification": null
} |
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 ... | {
"answer": "Yes. Paypal has a positive working capital of $ 1.6Bn as of FY2022 end.",
"justification": "Accounts receivable, net+Loans and interest receivable, net of allowances +Funds receivable and customer accounts+Prepaid expenses and other current assets-Accounts payable-Funds payable and amounts due to custo... |
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,... | {
"answer": "$303.00",
"justification": "The metric accounts payable was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Accounts payable."
} |
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 ... | 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 developme... | {
"answer": "5.4%",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Depreciation and amortization. This metric was located in the 10K as a single line item named: Dep... |
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 ... | 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 ... | {
"answer": "$9068.00",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Depreciation and amortization. This metric was located in the 10K as a single line item named:... |
If we exclude the impact of M&A, which segment has dragged down 3M's overall growth in 2022? | Worldwide Sales Change
By Business Segment
Organic sales
Acquisitions
Divestitures
Translation
Total sales change
Safety and Industrial
1.0 %
%
%
(4.2) %
(3.2) %
Transportation and Electronics
1.2
(0.5)
(4.6)
(3.9)
Health Care
3.2
(1.4)
(3.8)
(2.0)
Consumer
(0.9)
(0.4)
(2.6)
(3.9)
Total Company
1.2
(0.5... | {
"answer": "The consumer segment shrunk by 0.9% organically.",
"justification": null
} |
Has AMCOR's quick ratio improved or declined between FY2023 and FY2022? If the quick ratio is not something that a financial analyst would ask about a company like this, then state that and explain why. | Amcor plc and Subsidiaries
Consolidated Balance Sheets
($ 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 ... | {
"answer": "The quick ratio has slightly improved from 0.67 times to 0.69 times between FY 2023 and FY 2022.(3.4% jump)",
"justification": "Quick Ratio= (Total current assets-(Raw materials and supplies+Work in process and finished goods))/Total current liabilities\n(5308-992-1221)/4476\n(5853-1114-1325)/5103"
} |
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
... | {
"answer": "$32780.00",
"justification": "The metric cost of goods sold was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Total cost of revenue."
} |
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... | {
"answer": "$1616.00",
"justification": "The metric accounts receivable, net was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Trade receivables, net."
} |
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
Amortizati... | {
"answer": "Yes, the gain on completion of Consumer Healthcare JV Transaction",
"justification": "Income statement shows the gain on completion of Consumer Healthcare JV transaction occured in FY19. In FY21, this event did not affect the net income at all due to the seemingly one time nature of the line item"
} |
Has MGM Resorts paid dividends to common shareholders in FY2022? | . We maintained an annual
dividend of $0.01 per share throughout 2022. | {
"answer": "Yes. MGM maintained 0.01$ per share annual dividend through out FY 2022.",
"justification": null
} |
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 Bes... | {
"answer": "Best Buy closed two acquisitions, both these companies were already partially owned by Best Buy, but Best Buy acquired all outstanding shares of these two companies during FY 2022: (1) Current Health Ltd and (2) Two Peaks, LLC d/b/a Yardbird Furniture",
"justification": null
} |
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 ... | {
"answer": "For FY22, JnJ had changes in gross margin due to: 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.",
"jus... |
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... | {
"answer": "101.5%",
"justification": "The metric total revenue was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Total net revenue. The final step was to execute the desired percent change calculation on total revenue."
} |
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. | {
"answer": "The estimated pension benefits were $1097 million, and the estimated health care and life insurance benefits were $862 million.",
"justification": null
} |
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 c... | {
"answer": "Operating Margin for 3M in FY2022 has decreased by 1.7% primarily due to: \n-Decrease in gross Margin\n-mostly one-off charges including Combat Arms Earplugs litigation, impairment related to exiting PFAS manufacturing, costs related to exiting Russia and divestiture-related restructuring\ncharges",
"j... |
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 nonc... | {
"answer": "$1577.00",
"justification": "The metric capital expenditures was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Purchases of property, plant and equipment (PP&E)."
} |
What Was AMCOR's Adjusted Non GAAP EBITDA for FY 2023 | Twelve Months Ended June 30, 2022
Twelve Months Ended June 30, 2023
($ 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-control... | {
"answer": "AMCOR's Adj. EBITDA was $2,018mn in FY 2023",
"justification": null
} |
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
1,30... | {
"answer": "Developed Rest of the World",
"justification": "It's plainly stated in table format the year over year revenue changes for each of the regions"
} |
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... | {
"answer": "Yes. Boeing has an improving gross margin profile as of FY2022. Gross profit improved from $3,017 million in FY2021 to $3,502 million in FY2022. Gross margin % improved from 4.8% in FY2021 to 5.3% in FY2022.",
"justification": "Gross margin%=Gross margin/Total revenues*100=3,502/66,608*100=5.3% for 202... |
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
i... | {
"answer": "Pepsico's restructuring costs in FY2022 amounted to $411 million .",
"justification": null
} |
How much was the Real change in Sales for AMCOR in FY 2023 vs FY 2022, if we exclude the impact of FX movement, passthrough costs and one-off items? | Three Months Ended June 30
Twelve Months Ended June 30
($ 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 ... | {
"answer": "The Real Growth was flat in FY 2023 vs FY 2022.",
"justification": null
} |
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. | {
"answer": "Yes. Multiple lawsuits have been filed against Boeing resulting from a 2018 Lion Air crash and a 2019 Ethiopian Airlines crash.",
"justification": null
} |
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 availab... | {
"answer": "36%. The answer here assumes FY2023 refers to the 12 months ended on January 28, 2023 (although the company refers to this period as its fiscal 2022.",
"justification": "Fiscal 2022 = FY2023. Fiscal 2021 = FY2022. Percent spent in Q4 of FY2023 = Amount spent in Q4 of FY2023/Total amount spent in FY2023... |
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 ... | {
"answer": "The entertainment segment experienced the highest growth of 9% during Q2 FY2024, primarily from gaming division.",
"justification": null
} |
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 Va... | {
"answer": "JnJ will make a gain of approximately $20 billion from the separation of its Consumer Health business segment.",
"justification": null
} |
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)
2... | {
"answer": "Las Vegas resorts contributed ~90% of company level EBITDAR during FY2022.",
"justification": "3142308/3497254"
} |
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
Virgini... | {
"answer": "Yes, his name is Richard A. Johnson",
"justification": "Richard A. Johnson had roughly 16.1 million votes against him joining whereas the maximum votes against joining among all other candidates was roughly 6.1 million."
} |
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 | {
"answer": "Amcor is a global leader in packaging production for various use cases.",
"justification": null
} |
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 c... | {
"answer": "$16525.00",
"justification": "The metric total current assets was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Total current assets."
} |
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
1,5... | {
"answer": "$1832.00",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Depreciation and amortization. This metric was located in the 10K as a single line item named:... |
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... | 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
Operatingexp... | {
"answer": "63.86",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Accounts payable. This metric was located in the 10K as a single line item named: Accounts payab... |
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 | {
"answer": "No, the company is managing its CAPEX and Fixed Assets pretty efficiently, which is evident from below key metrics:\nCAPEX/Revenue Ratio: 5.1%\nFixed assets/Total Assets: 20%\nReturn on Assets= 12.4%",
"justification": "CAPEX/Revenue\nFixed Assets/Total Assets\nROA=Net Income/Total Assets"
} |
Does 3M maintain a stable trend of dividend distribution? | This marked the 65th consecutive
year of dividend increases for 3M. | {
"answer": "Yes, not only they distribute the dividends on a routine basis, 3M has also been increasing the per share dividend for consecutive 65 years",
"justification": null
} |
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