Both BP and ExxonMobil are giant, integrated organizations with exposure to oil, natural gas, refining, and downstream products. Net incomes of these oil companies generally follow the behavior of oil prices, focusing on their Net Income between 2007 and 2011 were record profit years for the industry. BP’s 2010 net income was affected by the costs to the company of the Macondo oil spill in the Gulf of Mexico. BP’s adjusted income in 2010 was $14.2 billion,while ExxonMobil profit were $30.5 billion, up 57% from 2009. BP's total debt has increased over the past five years.
ACG6175 – Final Examination Name ___________________________________________________ Panther ID ______________________________________________ Score: Question: 1 / 4 2 / 4 3 / 4 4 / 4 5 / 4 Total / 20 NEW YORK--(BUSINESS WIRE)—01/09/2008 Alcoa (NYSE: AA) today announced it achieved record results in revenues, income from continuing operations and cash from operations for the full year 2007. Revenues for 2007 were $30.7 billion, compared to $30.4 billion in 2006. Annual income from continuing operations rose to $2.6 billion, or $2.95 per diluted share, for 2007, a 19 percent increase compared to $2.2 billion, or $2.47, in 2006. And, cash from operations for 2007 increased 21 percent to more than $3.1 billion from $2.6 billion in 2006. “For the second year in a row, Alcoa has achieved company all-time records in revenues, income from continuing operations and cash generation,” said Alain Belda, Alcoa Chairman and CEO.
Today, PPG operates in more than seventy countries around the world. (About PPG, 2013) As of the third quarter 2013, PPG reported their net sales of $4 billion, which was up 17% from the previous year (2112). Their adjusted earnings per share were record breaking at $2.44 per share, up 31% over last year with the recent recovery in the economy. Cash and short-term investments were $2.2 billion at the end of the third quarter. PPG anticipated its full-year share repurchases to be at the high end of what they had originally projected.
Geographical Expansion 3.3. Strengthening the "global" association Conclusion Appendix A – Discounted Cash Flow Calculations Appendix B – Results of the Survey Bibliography p. 3 p. 4 p. 4 p. 5 p. 5 p. 6 p. 7 p. 7 p. 8 p. 10 p. 11 p. 11 p. 12 p. 12 p. 12 p. 13 p. 14 p. 18 2 Introduction The Financial Times (hereinafter referred to as FT) was established as a company and as a brand in London in 1888. Currently owned by Pearson Plc, the FT Group is one of the world-leading providers of business and financial information across several platforms and channels. With a daily circulation of 362,000 copies (Financial Times, 2011a), the FT print edition is the world second biggest financial newspaper after the Wall Street Journal. The FT is printed in 24 different locations around the world and has a total daily readership of 2.1 million people split between the print and the digital channels.
The bonds mature in 10 years. The firm’s average tax rate is 30% and its marginal tax rate is 34%. b. A new common stock issue that paid a $1.75 dividend last year. The par value of the stock is $15, and earnings per share have grown at a rate of 8% per year.
Iryna Hrynyuk Short Case Fin 165 J. Crew and the Man who Dressed America Mickey Drexler took over as CEO of J. Crew in 2003, and ever since he took that position the company’s revenues have risen 170 percent to $1.9 billion in 2011. Each year around 40 million of the J. Crew catalog are printed and sold.
Sustaining Growth A key issue facing ECP is sustaining its growth. From a turnover of £50,000 in 1978 ECP has shown rapid growth particularly in recent years defying the downward trend of the UK economy. In 2011 alone ECP increased its revenue by 25% whilst adding 12 new branches and over a thousand new employees to the team. This was a direct result of ECP’s heavy investment in people, infrastructure, technology and marketing. The growth was also aided by a shift in the market of service, maintenance and repair work away from manufacturer’s franchised dealer networks to independent repairers who constitute the bulk of ECP’s customer base.
These independent bottlers buy their product exclusively from CCL. In the past, CCL has recognized revenue at the point when the water is shipped to these bottlers. On November 29, 2000, one month prior to the fiscal year end, CCL announced that the price of its water would increase commencing in the new year. As a result, the bottlers made very heavy purchases of water in the month of December 2000. Historically, December sales represented only 3% of yearly sales, but this year they mushroomed to over 25% of yearly sales.
Market size According to the exhibit provided by John Gamble, the sales of the global beverage industry in 2009 were $1,581.7 billion and projected to grow to nearly $1,775.3 billion in 2014. The volume of sales was 458.3 billions of liters in 2009 and projected to 542.5 billion liters in 2014. According to Exhibit 2, 48.2percent of the U.S. beverage industry volume sales by segment went to carbonated drinks, 1.2percent to energy drinks, 4percent to sports drinks and 1.6percent to flavored or enhanced water. The dollar value and volume sales of the global market for alternative beverages between 2005 to 2009 ranged from $27.7billion to $40.2 billion respectively. Likewise the volume of liters ranged from 9.4 billions of liters to 12.7 billions of liters respectively (Gamble, C-76-77).
Moreover, under strong cost control, its full-year 2010 net profit attributable to shareholders increased 24% y-o-y to RMB1.55bn, compared to Li Ning’s RMB1.11bn. Table. Comparison of Anta and Lining RMB in BN | Company | 2010 | 2011 | 2012 | 2013E | 2014E | 2015E | Revenue | Li Ning | 9.48 | 8.93 | 6.74 | 5.44 | 5.85 | 6.75 | | Anta | 7.41 | 8.91 | 7.62 | 6.66 | 7.33 | 8.06 | %Change Y/Y | Li Ning | 13% | (6%) | (25%) | (19%) | 7% | 15% | | Anta | 26% | 20% | (14%) | (13%) | 10% | 10% | Gross Margin | Li Ning | 47.3% | 46.1% | 37.8% | 44.1% | 44.5% | 44.5% | | Anta | 42.8% | 42.3% | 38% | 40.6% | 41.5% | 42% | Operating Margin | Li Ning | 15.3% | 7.1% | (24.6%) | (2.8%) | 3.6% | 10.8% | | Anta | (0.3%) | 22.6% | 20.5% | 22.1% | 22.0% | 22.1% | EPS growth | Li Ning | 16.6% | (65.0%) | (614.1%) | (88.7%) | (114.3%) | 807.5% | | Anta | 23.9% | 11.5% | (21.4%) | (8.5%) | 8.4% | 9.9% | Source: Company data, Bloomberg, J.P. Morgan estimates. According to 1H10 reported data, ANTA had already become No. 1 in terms of sales volume of both footwear (18.0 mn pairs sold) and apparel (32.5 mn pieces sold) among all domestic brands by