PEPSICO_2022_10K

6) Africa, Middle East and South Asia (AMESA), which includes all of our beverage and convenient food businesses in
Africa, the Middle East and South Asia; and
7) Asia Pacific, Australia and New Zealand and China Region (APAC), which includes all of our beverage and convenient
food businesses in Asia Pacific, Australia and New Zealand, and China region.


BOEING_2022_10K

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


COCACOLA_2022_10K

THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
Year Ended December 31,
2022
2021
2020
Operating Activities

Consolidated net income
$
9,571 $
9,804 $
7,768
Depreciation and amortization
1,260
1,452
1,536
Stock-based compensation expense
356
337
126
Deferred income taxes
(122)
894
(18)
Equity (income) loss net of dividends
(838)
(615)
(511)
Foreign currency adjustments
203
86
(88)
Significant (gains) losses net
(129)
(1,365)
(914)
Other operating charges
1,086
506
556
Other items
236
201
699
Net change in operating assets and liabilities
(605)
1,325
690
Net Cash Provided by Operating Activities
11,018
12,625
9,844
Investing Activities

Purchases of investments
(3,751)
(6,030)
(13,583)
Proceeds from disposals of investments
4,771
7,059
13,835
Acquisitions of businesses, equity method investments and nonmarketable securities
(73)
(4,766)
(1,052)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities
458
2,180
189
Purchases of property, plant and equipment
(1,484)
(1,367)
(1,177)
Proceeds from disposals of property, plant and equipment
75
108
189
Collateral (paid) received associated with hedging activities net
(1,465)

Other investing activities
706
51
122
Net Cash Provided by (Used in) Investing Activities
(763)
(2,765)
(1,477)
Financing Activities

Issuances of debt
3,972
13,094
26,934
Payments of debt
(4,930)
(12,866)
(28,796)
Issuances of stock
837
702
647
Purchases of stock for treasury
(1,418)
(111)
(118)
Dividends
(7,616)
(7,252)
(7,047)
Other financing activities
(1,095)
(353)
310
Net Cash Provided by (Used in) Financing Activities
(10,250)
(6,786)
(8,070)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and
 Restricted Cash Equivalents
(205)
(159)
76
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash
 equivalents during the year
(200)
2,915
373
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year
10,025
7,110
6,737
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at End of Year
9,825
10,025
7,110
Less: Restricted cash and restricted cash equivalents at end of year
306
341
315
Cash and Cash Equivalents at End of Year
$
9,519 $
9,684 $
6,795
Refer to Notes to Consolidated Financial Statements.
64


PEPSICO_2022_10K

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


LOCKHEEDMARTIN_2020_10K

Table of Contents
Lockheed Martin Corporation
Consolidated Balance Sheets
(in millions, except par value)

December 31,
2020
2019
Assets
Current assets
Cash and cash equivalents
$
3,160
$
1,514
Receivables, net
1,978
2,337
Contract assets
9,545
9,094
Inventories
3,545
3,619
Other current assets
1,150
531
Total current assets
19,378
17,095
Property, plant and equipment, net
7,213
6,591
Goodwill
10,806
10,604
Intangible assets, net
3,012
3,213
Deferred income taxes
3,475
3,319
Other noncurrent assets
6,826
6,706
Total assets
$
50,710
$
47,528
Liabilities and equity
Current liabilities
Accounts payable
$
880
$
1,281
Contract liabilities
7,545
7,054
Salaries, benefits and payroll taxes
3,163
2,466
Current maturities of long-term debt
500
1,250
Other current liabilities
1,845
1,921
Total current liabilities
13,933
13,972
Long-term debt, net
11,669
11,404
Accrued pension liabilities
12,874
13,234
Other noncurrent liabilities
6,196
5,747
Total liabilities
44,672
44,357
Stockholders equity
Common stock, $1 par value per share
279
280
Additional paid-in capital
221

Retained earnings
21,636
18,401
Accumulated other comprehensive loss
(16,121)
(15,554)
Total stockholders equity
6,015
3,127
Noncontrolling interests in subsidiary
23
44
Total equity
6,038
3,171
Total liabilities and equity
$
50,710
$
47,528
The accompanying notes are an integral part of these consolidated financial statements.
69


ULTABEAUTY_2023_10K

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)


NETFLIX_2015_10K

Table of Contents
NETFLIX, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

Year Ended December 31,

2015

2014

2013
Cash flows from operating activities:

Net income
 $
122,641 $
266,799 $
112,403
Adjustments to reconcile net income to net cash (used in) provided by operating activities:

Additions to streaming content assets

(5,771,652)
(3,773,019)
(3,030,701)
Change in streaming content liabilities

1,162,413
593,125
673,785
Amortization of streaming content assets

3,405,382
2,656,279
2,121,981
Amortization of DVD content assets

79,380
71,491
71,325
Depreciation and amortization of property, equipment and intangibles

62,283
54,028
48,374
Stock-based compensation expense

124,725
115,239
73,100
Excess tax benefits from stock-based compensation

(80,471)
(89,341)
(81,663)
Other non-cash items

31,628
15,282
5,332
Loss on extinguishment of debt

25,129
Deferred taxes

(58,655)
(30,063)
(22,044)
Changes in operating assets and liabilities:

Other current assets

18,693
(9,198)
43,177
Accounts payable

51,615
83,812
18,374
Accrued expenses

48,810
55,636
1,941
Deferred revenue

72,135
58,819
46,295
Other non-current assets and liabilities

(18,366)
(52,406)
(8,977)
Net cash (used in) provided by operating activities

(749,439)
16,483
97,831
Cash flows from investing activities:

Acquisition of DVD content assets

(77,958)
(74,790)
(65,927)
Purchases of property and equipment

(91,248)
(69,726)
(54,143)
Other assets

(1,912)
1,334
5,939
Purchases of short-term investments

(371,915)
(426,934)
(550,264)
Proceeds from sale of short-term investments

259,079
385,300
347,502
Proceeds from maturities of short-term investments

104,762
141,950
60,925
Net cash used in investing activities

(179,192)
(42,866)
(255,968)
Cash flows from financing activities:

Proceeds from issuance of common stock

77,980
60,544
124,557
Proceeds from issuance of debt

1,500,000
400,000
500,000
Issuance costs

(17,629)
(7,080)
(9,414)
Redemption of debt

(219,362)
Excess tax benefits from stock-based compensation

80,471
89,341
81,663
Principal payments of lease financing obligations

(545)
(1,093)
(1,180)
Net cash provided by financing activities

1,640,277
541,712
476,264
Effect of exchange rate changes on cash and cash equivalents

(15,924)
(6,686)
(3,453)
Net increase in cash and cash equivalents

695,722
508,643
314,674
Cash and cash equivalents, beginning of year

1,113,608
604,965
290,291
Cash and cash equivalents, end of year
 $
1,809,330 $
1,113,608 $
604,965
Supplemental disclosure:

Income taxes paid
 $
27,658 $
50,573 $
7,465
Interest paid

111,761
41,085
19,114
Investing activities included in liabilities

18,824
23,802
11,508
See accompanying notes to consolidated financial statements.
40


PFIZER_2021_10K

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


LOCKHEEDMARTIN_2021_10K

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


GENERALMILLS_2020_10K

50

Consolidated Balance Sheets
GENERAL MILLS, INC. AND SUBSIDIARIES
(In Millions, Except Par Value)

May 31, 2020
May 26, 2019
ASSETS

Current assets:

Cash and cash equivalents
$
1,677.8 $
450.0
Receivables

1,615.1
1,679.7
Inventories

1,426.3
1,559.3
Prepaid expenses and other current assets

402.1
497.5
Total current assets

5,121.3
4,186.5
Land, buildings, and equipment

3,580.6
3,787.2
Goodwill

13,923.2
13,995.8
Other intangible assets

7,095.8
7,166.8
Other assets

1,085.8
974.9
Total assets
$
30,806.7 $
30,111.2

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable
$
3,247.7 $
2,854.1
Current portion of long-term debt

2,331.5
1,396.5
Notes payable

279.0
1,468.7
Other current liabilities

1,633.3
1,367.8
Total current liabilities

7,491.5
7,087.1
Long-term debt

10,929.0
11,624.8
Deferred income taxes

1,947.1
2,031.0
Other liabilities

1,545.0
1,448.9
Total liabilities

21,912.6
22,191.8
Redeemable interest

544.6
551.7
Stockholders' equity:

Common stock, 754.6 shares issued, $0.10 par value

75.5
75.5
Additional paid-in capital

1,348.6
1,386.7
Retained earnings

15,982.1
14,996.7
Common stock in treasury, at cost, shares of 144.8 and 152.7

(6,433.3)
(6,779.0)
Accumulated other comprehensive loss

(2,914.4)
(2,625.4)
Total stockholders' equity

8,058.5
7,054.5
Noncontrolling interests

291.0
313.2
Total equity

8,349.5
7,367.7
Total liabilities and equity
$
30,806.7 $
30,111.2
See accompanying notes to consolidated financial statements.


AMAZON_2019_10K

Table of Contents
AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)

Year Ended December 31,

2017

2018

2019
Net product sales
$
118,573 $
141,915 $
160,408
Net service sales
59,293
90,972
120,114
Total net sales
177,866
232,887
280,522
Operating expenses:

Cost of sales
111,934
139,156
165,536
Fulfillment
25,249
34,027
40,232
Technology and content
22,620
28,837
35,931
Marketing
10,069
13,814
18,878
General and administrative
3,674
4,336
5,203
Other operating expense (income), net
214
296
201
Total operating expenses
173,760
220,466
265,981
Operating income
4,106
12,421
14,541
Interest income
202
440
832
Interest expense
(848)
(1,417)
(1,600)
Other income (expense), net
346
(183)
203
Total non-operating income (expense)
(300)
(1,160)
(565)
Income before income taxes
3,806
11,261
13,976
Provision for income taxes
(769)
(1,197)
(2,374)
Equity-method investment activity, net of tax
(4)
9
(14)
Net income
$
3,033 $
10,073 $
11,588
Basic earnings per share
$
6.32 $
20.68 $
23.46
Diluted earnings per share
$
6.15 $
20.14 $
23.01
Weighted-average shares used in computation of earnings per share:

Basic
480
487
494
Diluted
493
500
504
See accompanying notes to consolidated financial statements.
38


BESTBUY_2024Q2_10Q

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


AMERICANWATERWORKS_2022_10K

American Water Works Company, Inc. and Subsidiary Companies
Consolidated Balance Sheets
(In millions, except share and per share data)
December 31, 2022
December 31, 2021
CAPITALIZATION AND LIABILITIES
Capitalization:

Common stock ($0.01 par value; 500,000,000 shares authorized; 187,200,539 and 186,880,413 shares
issued, respectively)
$
2
$
2
Paid-in-capital
6,824
6,781
Retained earnings
1,267
925
Accumulated other comprehensive loss
(23)
(45)
Treasury stock, at cost (5,342,477 and 5,269,324 shares, respectively)
(377)
(365)
Total common shareholders' equity
7,693
7,298
Long-term debt
10,926
10,341
Redeemable preferred stock at redemption value
3
3
Total long-term debt
10,929
10,344
Total capitalization
18,622
17,642
Current liabilities:

Short-term debt
1,175
584
Current portion of long-term debt
281
57
Accounts payable
254
235
Accrued liabilities
706
701
Accrued taxes
49
176
Accrued interest
91
88
Liabilities related to assets held for sale

83
Other
255
217
Total current liabilities
2,811
2,141


AES_2022_10K

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)


3M_2022_10K

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


JPMORGAN_2021Q1_10Q

The Firm grew TBVPS, ending the first quarter of 2021 at
$66.56, up 10% versus the prior year.


AMERICANEXPRESS_2022_10K

(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


MGMRESORTS_2022Q4_EARNINGS

MGM China

Net revenues of $674 million in the current year compared to $1.2 billion in the prior year, a
decrease of 44%;


JPMORGAN_2022_10K

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.


JOHNSON_JOHNSON_2022_10K

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


PEPSICO_2023_8K_dated-2023-05-30

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.


MICROSOFT_2023_10K

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


AMD_2022_10K

Net
revenue for 2022 was $23.6 billion, an increase of 44% compared to 2021 net revenue of $16.4 billion. The increase in net revenue was driven by a 64%
increase in Data Center segment revenue primarily due to higher sales of our EPYC server processors, a 21% increase in Gaming segment revenue
primarily due to higher semi-custom product sales, and a significant increase in Embedded segment revenue from the prior year period driven by the inclusion
of Xilinx embedded product sales.


JOHNSON_JOHNSON_2022Q4_EARNINGS

REGIONAL SALES RESULTS

Q4

% Change
($ in Millions)
2022
2021
Reported
Operational1,2
Currency
Adjusted
Operational1,3
U.S.
$12,516
$12,163
2.9%
2.9
-
2.7
International
11,190
12,641
(11.5)
(1.1)
(10.4)
(1.0)
Worldwide
$23,706
$24,804
(4.4)%
0.9
(5.3)
0.8

Full Year

% Change
($ in Millions)
2022
2021
Reported
Operational1,2
Currency
Adjusted
Operational1,3
U.S.
$48,580
$47,156
3.0%
3.0
-
3.0
International
46,363
46,619
(0.6)%
9.1
(9.7)
9.3
Worldwide
$94,943
$93,775
1.3%
6.1
(4.8)
6.2


COSTCO_2021_10K

Table of Contents
COSTCO WHOLESALE CORPORATION
CONSOLIDATED BALANCE SHEETS
(amounts in millions, except par value and share data)
August 29,
2021
August 30,
2020
ASSETS
CURRENT ASSETS
Cash and cash equivalents
$
11,258
$
12,277
Short-term investments
917
1,028
Receivables, net
1,803
1,550
Merchandise inventories
14,215
12,242
Other current assets
1,312
1,023
Total current assets
29,505
28,120
OTHER ASSETS
Property and equipment, net
23,492
21,807
Operating lease right-of-use assets
2,890
2,788
Other long-term assets
3,381
2,841
TOTAL ASSETS
$
59,268
$
55,556
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable
$
16,278
$
14,172
Accrued salaries and benefits
4,090
3,605
Accrued member rewards
1,671
1,393
Deferred membership fees
2,042
1,851
Current portion of long-term debt
799
95
Other current liabilities
4,561
3,728
Total current liabilities
29,441
24,844
OTHER LIABILITIES
Long-term debt, excluding current portion
6,692
7,514
Long-term operating lease liabilities
2,642
2,558
Other long-term liabilities
2,415
1,935
TOTAL LIABILITIES
41,190
36,851
COMMITMENTS AND CONTINGENCIES
EQUITY
Preferred stock $0.01 par value; 100,000,000 shares authorized; no shares issued and
outstanding

Common stock $0.01 par value; 900,000,000 shares authorized; 441,825,000 and
441,255,000 shares issued and outstanding
4
4
Additional paid-in capital
7,031
6,698
Accumulated other comprehensive loss
(1,137)
(1,297)
Retained earnings
11,666
12,879
Total Costco stockholders equity
17,564
18,284
Noncontrolling interests
514
421
TOTAL EQUITY
18,078
18,705
TOTAL LIABILITIES AND EQUITY
$
59,268
$
55,556
The accompanying notes are an integral part of these consolidated financial statements.
38


Pfizer_2023Q2_10Q

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)


3M_2018_10K

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


VERIZON_2021_10K

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


ADOBE_2022_10K

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)


ACTIVISIONBLIZZARD_2019_10K

Table of Contents
ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in millions, except per share data)

For the Years Ended December 31,

2019

2018

2017
Net revenues

Product sales
$
1,975
 $
2,255 $
2,110
Subscription, licensing, and other revenues
4,514

5,245
4,907
Total net revenues
6,489

7,500
7,017

Costs and expenses

Cost of revenuesproduct sales:

Product costs
656

719
733
Software royalties, amortization, and intellectual property licenses
240

371
300
Cost of revenuessubscription, licensing, and other revenues:

Game operations and distribution costs
965

1,028
984
Software royalties, amortization, and intellectual property licenses
233

399
484
Product development
998

1,101
1,069
Sales and marketing
926

1,062
1,378
General and administrative
732

822
745
Restructuring and related costs
132

10
15
Total costs and expenses
4,882

5,512
5,708

Operating income
1,607

1,988
1,309
Interest and other expense (income), net (Note 18)
(26)
71
146
Loss on extinguishment of debt

40
12
Income before income tax expense
1,633

1,877
1,151
Income tax expense
130

29
878
Net income
$
1,503
 $
1,848 $
273

Earnings per common share

Basic
$
1.96
 $
2.43 $
0.36
Diluted
$
1.95
 $
2.40 $
0.36

Weighted-average number of shares outstanding

Basic
767

762
754
Diluted
771

771
766
The accompanying notes are an integral part of these Consolidated Financial Statements.
F-5


AMAZON_2017_10K

Table of Contents
AMAZON.COM, INC.
CONSOLIDATED BALANCE SHEETS
(in millions, except per share data)

December 31,

2016

2017
ASSETS

Current assets:

Cash and cash equivalents
$
19,334 $
20,522
Marketable securities
6,647
10,464
Inventories
11,461
16,047
Accounts receivable, net and other
8,339
13,164
Total current assets
45,781
60,197
Property and equipment, net
29,114
48,866
Goodwill
3,784
13,350
Other assets
4,723
8,897
Total assets
$
83,402 $
131,310
LIABILITIES AND STOCKHOLDERS EQUITY

Current liabilities:

Accounts payable
$
25,309 $
34,616
Accrued expenses and other
13,739
18,170
Unearned revenue
4,768
5,097
Total current liabilities
43,816
57,883
Long-term debt
7,694
24,743
Other long-term liabilities
12,607
20,975
Commitments and contingencies (Note 7)

Stockholders equity:

Preferred stock, $0.01 par value:

Authorized shares 500

Issued and outstanding shares none

Common stock, $0.01 par value:

Authorized shares 5,000

Issued shares 500 and 507

Outstanding shares 477 and 484
5
5
Treasury stock, at cost
(1,837)
(1,837)
Additional paid-in capital
17,186
21,389
Accumulated other comprehensive loss
(985)
(484)
Retained earnings
4,916
8,636
Total stockholders equity
19,285
27,709
Total liabilities and stockholders equity
$
83,402 $
131,310
See accompanying notes to consolidated financial statements.
40


VERIZON_2022_10K

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


3M_2018_10K

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


AMERICANEXPRESS_2022_10K

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)%


PEPSICO_2023Q1_EARNINGS

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.


WALMART_2018_10K

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


AMCOR_2023Q4_EARNINGS

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


CVSHEALTH_2018_10K

ConsolidatedStatementsofOperations

FortheYearsEndedDecember31,
In millions, except per share amounts
2018

2017

2016
Revenues:

Products
$
183,910 $
180,063 $
173,377
Premiums
8,184
3,558
3,069
Services
1,825
1,144
1,080
Netinvestmentincome
660
21
20
Totalrevenues
194,579
184,786
177,546
Operatingcosts:

Costofproductssold
156,447
153,448
146,533
Benefitcosts
6,594
2,810
2,179
Goodwillimpairments
6,149
181

Operatingexpenses
21,368
18,809
18,448
Totaloperatingcosts
190,558
175,248
167,160
Operatingincome
4,021
9,538
10,386
Interestexpense
2,619
1,062
1,078
Lossonearlyextinguishmentofdebt

643
Otherexpense(income)
(4)
208
28
Incomebeforeincometaxprovision
1,406
8,268
8,637
Incometaxprovision
2,002
1,637
3,317
Income(loss)fromcontinuingoperations
(596)
6,631
5,320
Lossfromdiscontinuedoperations,netoftax

(8)
(1)
Netincome(loss)
(596)
6,623
5,319
Net(income)lossattributabletononcontrollinginterests
2
(1)
(2)
Netincome(loss)attributabletoCVSHealth
$
(594) $
6,622 $
5,317

Basicearnings(loss)pershare:

Income(loss)fromcontinuingoperationsattributabletoCVSHealth
$
(0.57) $
6.48 $
4.93
LossfromdiscontinuedoperationsattributabletoCVSHealth
$
 $
(0.01) $

Netincome(loss)attributabletoCVSHealth
$
(0.57) $
6.47 $
4.93
Weightedaveragebasicsharesoutstanding
1,044
1,020
1,073
Dilutedearnings(loss)pershare:

Income(loss)fromcontinuingoperationsattributabletoCVSHealth
$
(0.57) $
6.45 $
4.91
LossfromdiscontinuedoperationsattributabletoCVSHealth
$
 $
(0.01) $

Netincome(loss)attributabletoCVSHealth
$
(0.57) $
6.44 $
4.90
Weightedaveragedilutedsharesoutstanding
1,044
1,024
1,079
Dividendsdeclaredpershare
$
2.00 $
2.00 $
1.70

Seeaccompanyingnotestoconsolidatedfinancialstatements.
Page38


JPMORGAN_2023Q2_10Q

Average total VaR decreased by $7 million for the three
months ended June 30, 2023, compared with the same
period in the prior year predominantly driven by risk
reductions impacting Credit Portfolio VaR as well as fixed
income


AMERICANWATERWORKS_2021_10K

Table of Contents
American Water Works Company, Inc. and Subsidiary Companies
Consolidated Statements of Cash Flows
(In millions)

For the Years Ended December 31,

2021
2020
2019
CASH FLOWS FROM OPERATING ACTIVITIES

Net income
$
1,263
$
709
$
621
Adjustments to reconcile to net cash flows provided by operating activities:

Depreciation and amortization
636
604
582
Deferred income taxes and amortization of investment tax credits
230
207
208
Provision for losses on accounts receivable
37
34
28
(Gain) or loss on sale of businesses
(747)

34
Pension and non-pension postretirement benefits
(41)
(14)
17
Other non-cash, net
(23)
(20)
(41)
Changes in assets and liabilities:

Receivables and unbilled revenues
(74)
(97)
(25)
Pension and non-pension postretirement benefit contributions
(40)
(39)
(31)
Accounts payable and accrued liabilities
66
(2)
66
Other assets and liabilities, net
134
44
(76)
Net cash provided by operating activities
1,441
1,426
1,383
CASH FLOWS FROM INVESTING ACTIVITIES

Capital expenditures
(1,764)
(1,822)
(1,654)
Acquisitions, net of cash acquired
(135)
(135)
(235)
Proceeds from sale of assets, net of cash on hand
472
2
48
Removal costs from property, plant and equipment retirements, net
(109)
(106)
(104)
Net cash used in investing activities
(1,536)
(2,061)
(1,945)
CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from long-term debt
1,118
1,334
1,530
Repayments of long-term debt
(372)
(342)
(495)
(Repayments of) proceeds from term loan
(500)
500

Net short-term borrowings with maturities less than three months
(198)
(5)
(178)
(Remittances) proceeds from issuances of employee stock plans and direct stock purchase plan, net of taxes paid of $18, $17 and $11 in
2021, 2020 and 2019, respectively
(1)
9
15
Advances and contributions in aid of construction, net of refunds of $25, $24 and $30 in 2021, 2020 and 2019, respectively
62
28
26
Debt issuance costs and make-whole premium on early debt redemption
(26)
(15)
(15)
Dividends paid
(428)
(389)
(353)
Anti-dilutive share repurchases

(36)
Net cash (used in) provided by financing activities
(345)
1,120
494
Net (decrease) increase in cash, cash equivalents and restricted funds
(440)
485
(68)
Cash, cash equivalents and restricted funds at beginning of period
576
91
159
Cash, cash equivalents and restricted funds at end of period
$
136
$
576
$
91
Cash paid during the year for:

Interest, net of capitalized amount
$
389
$
382
$
383
Income taxes, net of refunds of $6, $2 and $4 in 2021, 2020 and 2019, respectively
$
1
$
7
$
12
Non-cash investing activity:

Capital expenditures acquired on account but unpaid as of year end
$
292
$
221
$
235
Seller promissory note from the sale of the Homeowner Services Group
$
720
$

$

Contingent cash payment from the sale of the Homeowner Services Group
$
75
$

$

The accompanying notes are an integral part of these Consolidated Financial Statements.
86


BOEING_2022_10K

We must minimize disruption caused by production changes, achieve operational stability and implement productivity improvements in order to
meet customer demand and maintain our profitability. We have previously announced plans to adjust production rates on several of our
commercial aircraft programs. The 787 program is currently producing at low rates and we expect to gradually increase to 5 per month in 2023.
Production of the 777X is currently paused and is expected to resume in 2023. The 737 program has experienced operational and supply chain
challenges stabilizing production at 31 per month. We plan to gradually increase 737 production rates based on market demand and supply
chain capacity.


AMD_2022_10K

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


BESTBUY_2019_10K

Table of Contents
Consolidated Balance Sheets
$ in millions, except per share and share amounts

February 2, 2019

February 3, 2018
Assets

Current assets

Cashandcashequivalents
 $
1,980 $
1,101
Short-terminvestments

2,032
Receivables,net

1,015
1,049
Merchandiseinventories

5,409
5,209
Othercurrentassets

466
438
Totalcurrentassets

8,870
9,829
Property and equipment

Landandbuildings

637
623
Leaseholdimprovements

2,119
2,327
Fixturesandequipment

5,865
5,410
Propertyundercapitalandfinancingleases

579
340
Grosspropertyandequipment

9,200
8,700
Lessaccumulateddepreciation

6,690
6,279
Netpropertyandequipment

2,510
2,421
Goodwill

915
425
Other assets

606
374
Total assets
 $
12,901 $
13,049

Liabilities and equity

Current liabilities

Accountspayable
 $
5,257 $
4,873
Unredeemedgiftcardliabilities

290
385
Deferredrevenue

446
453
Accruedcompensationandrelatedexpenses

482
561
Accruedliabilities

982
1,001
Currentportionoflong-termdebt

56
544
Totalcurrentliabilities

7,513
7,817
Long-term liabilities

750
809
Long-term debt

1,332
811
Contingencies and commitments (Note 13)

Equity

BestBuyCo.,Inc.Shareholders'Equity

Preferredstock,$1.00parvalue:Authorized400,000shares;Issuedandoutstandingnone

Commonstock,$0.10parvalue:Authorized1.0billionshares;Issuedandoutstanding265,703,000and
282,988,000shares,respectively

27
28
Additionalpaid-incapital

Retainedearnings

2,985
3,270
Accumulatedothercomprehensiveincome

294
314
Totalequity

3,306
3,612
Total liabilities and equity
 $
12,901 $
13,049
SeeNotestoConsolidatedFinancialStatements.
50


ADOBE_2022_10K

ADOBE INC.
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)

Years Ended

December 2,
2022
December 3,
2021
November 27,
2020
Revenue:

Subscription
$
16,388 $
14,573 $
11,626
Product

532
555
507
Services and other

686
657
735
Total revenue

17,606
15,785
12,868

Cost of revenue:
Subscription

1,646
1,374
1,108
Product

35
41
36
Services and other

484
450
578
Total cost of revenue

2,165
1,865
1,722

Gross profit

15,441
13,920
11,146

Operating expenses:
Research and development

2,987
2,540
2,188
Sales and marketing

4,968
4,321
3,591
General and administrative

1,219
1,085
968
Amortization of intangibles

169
172
162
Total operating expenses

9,343
8,118
6,909

Operating income

6,098
5,802
4,237


AMCOR_2023_10K

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.


MGMRESORTS_2018_10K

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


JPMORGAN_2022Q2_10Q

Segment results managed basis
The following tables summarize the Firms results by segment for the periods indicated.
Three months ended June 30,
Consumer & Community Banking
Corporate & Investment Bank
Commercial Banking
(in millions, except ratios)
2022
2021
Change
2022
2021
Change
2022
2021
Change
Total net revenue
$
12,614 $
12,760
 (1) %
$ 11,947
$
13,214
 (10) %
$
2,683
$
2,483
 8 %
Total noninterest expense

7,723
7,062
 9

6,745

6,523
 3

1,156

981
 18
Pre-provision profit/(loss)

4,891
5,698
 (14)

5,202

6,691
 (22)

1,527

1,502
 2
Provision for credit losses

761
(1,868)
NM

59

(79)
NM

209

(377)
NM
Net income/(loss)

3,100
5,645
(a)
 (45)

3,725

5,020
(a)
 (26)

994

1,422
(a)
 (30)
Return on equity (ROE)
 24 %
 44 %
 14 %
 23 %
 15 %
 23 %
Three months ended June 30,
Asset & Wealth Management
Corporate
Total
(in millions, except ratios)
2022
2021
Change
2022
2021
Change
2022
2021
Change
Total net revenue
$
4,306
$
4,107
 5 %
$
80 $ (1,169)
NM
$ 31,630
$
31,395
 1 %
Total noninterest expense

2,919

2,586
 13

206
515
 (60)

18,749

17,667
 6
Pre-provision profit/(loss)

1,387

1,521
 (9)

(126)
(1,684)
 93

12,881

13,728
 (6)
Provision for credit losses

44

(10)
NM

28
49
 (43)

1,101

(2,285)
NM
Net income/(loss)

1,004

1,156
(a)
 (13)

(174)
(1,295)
(a)
 87

8,649

11,948
 (28)
ROE

23 %
32 %
NM
NM
 13 %
 18 %


BESTBUY_2023_10K

Consolidated Statements of Cash Flows
$ in millions

Fiscal Years Ended
January 28, 2023

January 29, 2022

January 30, 2021
Operating activities

Net earnings
$
 1,419

$
 2,454

$
 1,798

Adjustments to reconcile net earnings to total cash provided by operating activities:

Depreciation and amortization

 918

 869

 839
Restructuring charges

 147

 (34)

 254
Stock-based compensation

 138

 141

 135
Deferred income taxes

 51

 14

 (36)
Other, net

 12

 11

 3
Changes in operating assets and liabilities, net of acquired assets and liabilities:

Receivables

 (103)

 17

 73
Merchandise inventories

 809

 (328)

 (435)
Other assets

 (21)

 (14)

 (51)
Accounts payable

 (1,099)

 (201)

 1,676
Income taxes

 36

 (156)

 173
Other liabilities

 (483)

 479

 498
Total cash provided by operating activities

 1,824

 3,252

 4,927
Investing activities

Additions to property and equipment, net of $35, $46 and $32, respectively, of non-cash
capital expenditures

 (930)

 (737)

 (713)
Purchases of investments

 (46)

 (233)

 (620)
Sales of investments

 7

 66

 546
Acquisitions, net of cash acquired

 -

 (468)

 -
Other, net

 7

 -

 (1)
Total cash used in investing activities

 (962)

 (1,372)

 (788)
Financing activities

Repurchase of common stock

 (1,014)

 (3,502)

 (312)
Issuance of common stock

 16

 29

 28
Dividends paid

 (789)

 (688)

 (568)
Borrowings of debt

 -

 -

 1,892
Repayments of debt

 (19)

 (133)

 (1,916)
Other, net

 -

 (3)

 -
Total cash used in financing activities

 (1,806)

 (4,297)

 (876)

Effect of exchange rate changes on cash

 (8)

 (3)

 7
Increase (decrease) in cash, cash equivalents and restricted cash

 (952)

 (2,420)

 3,270
Cash, cash equivalents and restricted cash at beginning of period

 3,205

 5,625

 2,355
Cash, cash equivalents and restricted cash at end of period
$
 2,253

$
 3,205

$
 5,625


AMERICANWATERWORKS_2022_10K

American Water Works Company, Inc. and Subsidiary Companies
Consolidated Balance Sheets
(In millions, except share and per share data)
December 31, 2022
December 31, 2021
ASSETS
Property, plant and equipment
$
29,736
$
27,413
Accumulated depreciation
(6,513)
(6,329)
Property, plant and equipment, net
23,223
21,084
Current assets:

Cash and cash equivalents
85
116
Restricted funds
32
20
Accounts receivable, net of allowance for uncollectible accounts of $60 and $75, respectively
334
271
Income tax receivable
114
4
Unbilled revenues
275
248
Materials and supplies
98
57
Assets held for sale

683
Other
312
155
Total current assets
1,250
1,554


CORNING_2020_10K

Index

Consolidated Balance Sheets
Corning Incorporated and Subsidiary Companies

December31,
(Inmillions,exceptshareandpershareamounts)
2020

2019

Assets

Currentassets:

Cashandcashequivalents
$
 2,672 $
2,434
Tradeaccountsreceivable,netofdoubtfulaccounts-$46and$41

 2,133
1,836
Inventories,net(Note6)

 2,438
2,320
Othercurrentassets(Note11and15)

 761
873
Totalcurrentassets

 8,004
7,463

Property,plantandequipment,netofaccumulateddepreciation-
$13,663and$12,995(Note9)

 15,742
15,337
Goodwill,net(Note10)

 2,460
1,935
Otherintangibleassets,net(Note10)

 1,308
1,185
Deferredincometaxes(Note8)

 1,121
1,157
Otherassets(Note11and15)

 2,140
1,821

Total Assets
$
 30,775 $
28,898

Liabilities and Equity

Currentliabilities:

Currentportionoflong-termdebtandshort-termborrowings(Note12)
$
 156 $
11
Accountspayable

 1,174
1,587
Otheraccruedliabilities(Note11and14)

 2,437
1,923
Totalcurrentliabilities

 3,767
3,521

Long-termdebt(Note12)

 7,816
7,729
Postretirementbenefitsotherthanpensions(Note13)

 727
671
Otherliabilities(Note11and14)

 5,017
3,980
Totalliabilities

 17,327
15,901

Commitments,contingenciesandguarantees(Note14)

Shareholdersequity(Note17):

Convertiblepreferredstock,SeriesAParvalue$100pershare;
Sharesauthorized3,100;Sharesissued:2,300

 2,300
2,300
CommonstockParvalue$0.50pershare;Sharesauthorized:3.8billion;
Sharesissued:1,726millionand1,718million

 863
859
Additionalpaid-incapitalcommonstock

 14,642
14,323
Retainedearnings

 16,120
16,408
Treasurystock,atcost;sharesheld:961millionand956million

 (19,928)
(19,812)
Accumulatedothercomprehensiveloss

 (740)
(1,171)
TotalCorningIncorporatedshareholdersequity

 13,257
12,907
Noncontrollinginterests

 191
90
Totalequity

 13,448
12,997

Total Liabilities and Equity
$
 30,775 $
28,898

Theaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.
72


GENERALMILLS_2019_10K

Table of Contents
Consolidated Balance Sheets
GENERAL MILLS, INC. AND SUBSIDIARIES
(In Millions, Except Par Value)

May 26,
 2019
May 27,
 2018

ASSETS

Current assets:

Cash and cash equivalents

$
450.0
$
399.0
Receivables

1,679.7

1,684.2
Inventories

1,559.3

1,642.2
Prepaid expenses and other current assets

497.5

398.3

Total current assets

4,186.5

4,123.7
Land, buildings, and equipment

3,787.2

4,047.2
Goodwill

13,995.8

14,065.0
Other intangible assets

7,166.8

7,445.1
Other assets

974.9

943.0

Total assets

$
 30,111.2
$
 30,624.0

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable

$
2,854.1
$
2,746.2
Current portion of long-term debt

1,396.5

1,600.1
Notes payable

1,468.7

1,549.8
Other current liabilities

1,367.8

1,445.8

Total current liabilities

7,087.1

7,341.9
Long-term debt

11,624.8

12,668.7
Deferred income taxes

2,031.0

2,003.8
Other liabilities

1,448.9

1,341.0

Total liabilities

22,191.8

23,355.4

Redeemable interest

551.7

776.2
Stockholders equity:

Common stock, 754.6 shares issued, $0.10 par value

75.5

75.5
Additional paid-in capital

1,386.7

1,202.5
Retained earnings

14,996.7

14,459.6
Common stock in treasury, at cost, shares of 152.7 and 161.5

(6,779.0)

(7,167.5)
Accumulated other comprehensive loss

(2,625.4)

(2,429.0)

Total stockholders equity

7,054.5

6,141.1
Noncontrolling interests

313.2

351.3

Total equity

7,367.7

6,492.4

Total liabilities and equity

$
 30,111.2
$
 30,624.0

See accompanying notes to consolidated financial statements.

55


BOEING_2022_10K

Historically, the
airline industry has been cyclical and very competitive and has experienced significant profit swings and constant challenges to be more cost
competitive.


ULTABEAUTY_2023Q4_EARNINGS

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.


AMD_2022_10K

Operating income for 2022 was $1.3 billion compared to operating income of $3.6 billion for 2021. The decrease in operating income was primarily driven by
amortization of intangible assets associated with the Xilinx acquisition.


JOHNSON_JOHNSON_2022_10K

Results of Operations
Analysis of Consolidated Sales
For discussion on results of operations and financial condition pertaining to the fiscal years 2021 and 2020 see the Companys Annual Report on Form 10-
K for the fiscal year ended January 2, 2022, Item 7. Management's Discussion and Analysis of Results of Operations and Financial Condition.
In 2022, worldwide sales increased 1.3% to $94.9 billion as compared to an increase of 13.6% in 2021. These sales changes consisted of the following:
Sales increase/(decrease) due to:
2022
2021
Volume
6.9 %
12.9 %
Price
(0.8)
(0.7)
Currency
(4.8)
1.4
Total
1.3 %
13.6 %


BESTBUY_2017_10K

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


AMERICANEXPRESS_2022_10K

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


FOOTLOCKER_2022_8K_dated-2022-05-20

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.


AMERICANEXPRESS_2022_10K

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


AMCOR_2022_8K_dated-2022-07-01

On June 30, 2022, Amcor Finance (USA), Inc. (the Former Issuer) and Amcor Flexibles North America, Inc. (the Substitute Issuer),
each a wholly-owned subsidiary of Amcor plc (the Company), entered into a (i) Second Supplemental Indenture (the Second Supplemental
Indenture) with the Trustee (as defined below) with respect to the Indenture, dated as of April 28, 2016 (as amended and/or supplemented to
date, the 2016 Indenture and, together with the Second Supplemental Indenture, the 2016 Indenture), among the Former Issuer, the
guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee (the Trustee), governing the Former Issuers (a) 3.625%
Guaranteed Senior Notes due 2026 (the 2026 Notes) and (b) 4.500% Guaranteed Senior Notes due 2028 (the 2028 Notes and, together with
the 2026 Notes, the Existing Notes) and (ii) First Supplemental Indenture (the First Supplemental Indenture and, together with the Second
Supplemental Indenture, the Supplemental Indentures) with the Trustee with respect to the Indenture, dated as of June 13, 2019 (as amended
and/or supplemented to date, the 2019 Indenture and, together with the First Supplemental Indenture, the 2019 Indenture and, together with
the 2016 Indenture, the Indentures), among the Former Issuer, the guarantors party thereto and the Trustee, governing the Former Issuers
(a) 3.625% Guaranteed Senior Notes due 2026 (the New 2026 Notes) and (b) 4.500% Guaranteed Senior Notes due 2028 (the New 2028
Notes and, together with the New 2026 Notes, the New Notes), in each case, relating to the substitution of the Substitute Issuer for the Former
Issuer and the assumption by the Substitute Issuer of the covenants of the Former Issuer under the Indentures. As disclosed in the Companys
Current Report on Form 8-K, filed with the Securities and Exchange Commission (the SEC) on June 17, 2019, the New Notes were issued in
June 2019 following the completion of the Former Issuers exchange offer to certain eligible holders of the Existing Notes.


NIKE_2021_10K

Table of Contents
NIKE, INC.
CONSOLIDATED STATEMENTS OF INCOME
YEAR ENDED MAY 31,
(In millions, except per share data)
2021
2020
2019
Revenues
$
44,538 $
37,403 $
39,117
Cost of sales
24,576
21,162
21,643
Gross profit
19,962
16,241
17,474
Demand creation expense
3,114
3,592
3,753
Operating overhead expense
9,911
9,534
8,949
Total selling and administrative expense
13,025
13,126
12,702
Interest expense (income), net
262
89
49
Other (income) expense, net
14
139
(78)
Income before income taxes
6,661
2,887
4,801
Income tax expense
934
348
772
NET INCOME
$
5,727 $
2,539 $
4,029
Earnings per common share:
Basic
$
3.64 $
1.63 $
2.55
Diluted
$
3.56 $
1.60 $
2.49
Weighted average common shares outstanding:
Basic
1,573.0
1,558.8
1,579.7
Diluted
1,609.4
1,591.6
1,618.4
The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.
2021 FORM 10-K 57


PEPSICO_2023_8K_dated-2023-05-05

(8) The shareholder proposal regarding a congruency report on net-zero emissions policies was defeated:
For
19,718,780
Against
977,228,788


PEPSICO_2021_10K

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


VERIZON_2022_10K

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


BOEING_2022_10K

In 2022, 40% of our revenues were earned pursuant to U.S. government contracts


AMD_2015_10K

Advanced Micro Devices, Inc.
Consolidated Statements of Cash Flows

Year Ended

December 26,

2015

December 27,

2014

December 28,

2013

(In millions)
Cash flows from operating activities:

Net loss
$
(660) $
(403) $
(83)
Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization
167
203
236
Net loss on disposal of property, plant and equipment

31
Stock-based compensation expense
63
81
91
Non-cash interest expense
11
17
25
Goodwill impairment charge

233

Restructuring and other special charges, net
83
14

Net loss on debt redemptions

61
1
Other
(3)
(13)
(1)
Changes in operating assets and liabilities:

Accounts receivable
280
7
(200)
Inventories
(11)
199
(322)
Prepayments and other - GLOBALFOUNDRIES
84
(113)

Prepaid expenses and other assets
(111)
(7)
(103)
Accounts payables, accrued liabilities and other
(156)
(231)
266
Payable to GLOBALFOUNDRIES
27
(146)
(89)
Net cash used in operating activities
(226)
(98)
(148)
Cash flows from investing activities:

Purchases of available-for-sale securities
(227)
(790)
(1,043)
Purchases of property, plant and equipment
(96)
(95)
(84)
Proceeds from sales and maturities of available-for-sale securities
462
873
1,344
Proceeds from sale of property, plant and equipment
8

238
Net cash provided by (used in) investing activities
147
(12)
455
Cash flows from financing activities:

Proceeds from borrowings, net
100
1,155
55
Proceeds from issuance of common stock
5
4
3
Repayments of long-term debt and capital lease obligations
(44)
(1,115)
(55)
Other
(2)
2
10
Net cash provided by financing activities
59
46
13
Net increase (decrease) in cash and cash equivalents
(20)
(64)
320
Cash and cash equivalents at beginning of year
805
869
549
Cash and cash equivalents at end of year
$
785 $
805 $
869
Supplemental disclosures of cash flow information:

Cash paid during the year for:

Interest
$
149 $
138 $
152
Income taxes
$
3 $
7 $
9
See accompanying notes to consolidated financial statements.

58


3M_2022_10K

3M Company and Subsidiaries
Consolidated Statement of Cash Flows
Years ended December 31
(Millions)
2022
2021
2020
Cash Flows from Operating Activities
Net income including noncontrolling interest
$
5,791 $
5,929 $
5,453
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating
activities
Depreciation and amortization
1,831
1,915
1,911
Long-lived and indefinite-lived asset impairment expense
618

6
Goodwill impairment expense
271

Company pension and postretirement contributions
(158)
(180)
(156)
Company pension and postretirement expense
178
206
322
Stock-based compensation expense
263
274
262
Gain on business divestitures
(2,724)

(389)
Deferred income taxes
(663)
(166)
(165)
Changes in assets and liabilities
Accounts receivable
(105)
(122)
165
Inventories
(629)
(903)
(91)
Accounts payable
111
518
252
Accrued income taxes (current and long-term)
(47)
(244)
132
Other net
854
227
411
Net cash provided by (used in) operating activities
5,591
7,454
8,113
Cash Flows from Investing Activities
Purchases of property, plant and equipment (PP&E)
(1,749)
(1,603)
(1,501)


JOHNSON_JOHNSON_2022Q4_EARNINGS

2022 Fourth-Quarter reported sales decline of 4.4% to $23.7 Billion primarily driven by unfavorable
foreign exchange and reduced COVID-19 Vaccine sales vs. prior year. Operational growth excluding
COVID-19 Vaccine of 4.6%*
 2022 Fourth-Quarter earnings per share (EPS) of $1.33 decreasing 24.9% and adjusted EPS of $2.35
increasing by 10.3%*
__________________________________________________________________________________________
 2022 Full-Year reported sales growth of 1.3% to $94.9 Billion primarily driven by strong commercial
execution partially offset by unfavorable foreign exchange. Operational growth of 6.1%*
 2022 Full-Year earnings per share (EPS) of $6.73 decreasing 13.8% and adjusted EPS of $10.15
increasing by 3.6%*
__________________________________________________________________________________________
 Company guides 2023 adjusted operational sales growth excluding COVID-19 Vaccine of 4.0%* and
adjusted operational EPS of $10.50, reflecting growth of 3.5%*


3M_2023Q2_10Q

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


Pfizer_2023Q2_10Q

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.


AMD_2022_10K

Overview
We are a global semiconductor company primarily offering:

server microprocessors (CPUs) and graphics processing units (GPUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and
Adaptive System-on-Chip (SoC) products for data centers;

CPUs, accelerated processing units (APUs) that integrate CPUs and GPUs, and chipsets for desktop and notebook personal computers;

discrete GPUs, and semi-custom SoC products and development services; and

embedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC products.
From time to time, we may also sell or license portions of our intellectual property (IP) portfolio.


GENERALMILLS_2020_10K

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.


ADOBE_2017_10K

Table of Contents
61
ADOBE SYSTEMS INCORPORATED
 CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)

Years Ended

December 1,
2017
December 2,
2016
November 27,
2015
Cash flows from operating activities:

Net income
$
1,693,954
$
1,168,782
$
629,551
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion
325,997
331,535
339,473
Stock-based compensation
451,451
349,912
335,859
Deferred income taxes
51,605
24,222
(69,657)
Gain on the sale of property

(21,415)
Unrealized (gains) losses on investments
(5,494)
3,145
(9,210)
Excess tax benefits from stock-based compensation

(75,105)
(68,153)
Other non-cash items
4,625
2,022
1,216
Changes in operating assets and liabilities, net of acquired assets and
 assumed liabilities:
Trade receivables, net
(187,173)
(160,416)
(79,502)
Prepaid expenses and other current assets
28,040
(71,021)
(7,701)
Trade payables
(45,186)
(6,281)
22,870
Accrued expenses
154,125
64,978
(22,564)
Income taxes payable
(34,493)
43,115
97,934
Deferred revenue
475,402
524,840
320,801
Net cash provided by operating activities
2,912,853
2,199,728
1,469,502
Cash flows from investing activities:

Purchases of short-term investments
(1,931,011)
(2,285,222)
(2,064,833)
Maturities of short-term investments
759,737
769,228
371,790
Proceeds from sales of short-term investments
1,393,929
860,849
1,176,476
Acquisitions, net of cash acquired
(459,626)
(48,427)
(826,004)
Purchases of property and equipment
(178,122)
(203,805)
(184,936)
Proceeds from sale of property

57,779
Purchases of long-term investments, intangibles and other assets
(29,918)
(58,433)
(22,779)
Proceeds from sale of long-term investments
2,134
5,777
4,149
Net cash used for investing activities
(442,877)
(960,033)
(1,488,358)
Cash flows from financing activities:

Purchases of treasury stock
(1,100,000)
(1,075,000)
(625,000)
Proceeds from issuance of treasury stock
158,351
145,697
164,270
Taxes paid related to net share settlement of equity awards
(240,126)
(236,400)
(186,373)
Excess tax benefits from stock-based compensation

75,105
68,153
Proceeds from debt issuance

989,280
Repayment of debt and capital lease obligations
(1,960)
(108)
(602,189)
Debt issuance costs

(8,828)
Net cash used for financing activities
(1,183,735)
(1,090,706)
(200,687)
Effect of foreign currency exchange rates on cash and cash equivalents
8,516
(14,234)
(21,297)
Net increase (decrease) in cash and cash equivalents
1,294,757
134,755
(240,840)
Cash and cash equivalents at beginning of year
1,011,315
876,560
1,117,400
Cash and cash equivalents at end of year
$
2,306,072
$
1,011,315
$
876,560
Supplemental disclosures:

Cash paid for income taxes, net of refunds
$
396,668
$
249,884
$
203,010
Cash paid for interest
$
69,430
$
66,193
$
56,014
Non-cash investing activities:
Investment in lease receivable applied to building purchase
$
80,439
$

$

Issuance of common stock and stock awards assumed in business acquisitions
$
10,348
$

$
677
See accompanying Notes to Consolidated Financial Statements.


AES_2022_10K

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


AMERICANEXPRESS_2022_10K

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


NIKE_2023_10K

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


NIKE_2021_10K

Table of Contents
NIKE, INC.
CONSOLIDATED BALANCE SHEETS
MAY 31,
(In millions)
2021
2020
ASSETS
Current assets:
Cash and equivalents
$
9,889 $
8,348
Short-term investments
3,587
439
Accounts receivable, net
4,463
2,749
Inventories
6,854
7,367
Prepaid expenses and other current assets
1,498
1,653
Total current assets
26,291
20,556
Property, plant and equipment, net
4,904
4,866
Operating lease right-of-use assets, net
3,113
3,097
Identifiable intangible assets, net
269
274
Goodwill
242
223
Deferred income taxes and other assets
2,921
2,326
TOTAL ASSETS
$
37,740 $
31,342
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt
$
 $
3
Notes payable
2
248
Accounts payable
2,836
2,248
Current portion of operating lease liabilities
467
445
Accrued liabilities
6,063
5,184
Income taxes payable
306
156
Total current liabilities
9,674
8,284
Long-term debt
9,413
9,406
Operating lease liabilities
2,931
2,913
Deferred income taxes and other liabilities
2,955
2,684
Commitments and contingencies (Note 18)
Redeemable preferred stock

Shareholders' equity:
Common stock at stated value:
Class A convertible 305 and 315 shares outstanding

Class B 1,273 and 1,243 shares outstanding
3
3
Capital in excess of stated value
9,965
8,299
Accumulated other comprehensive income (loss)
(380)
(56)
Retained earnings (deficit)
3,179
(191)
Total shareholders' equity
12,767
8,055
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$
37,740 $
31,342
The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.
2021 FORM 10-K 59


BOEING_2022_10K

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


ADOBE_2017_10K

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.