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[Company Name]© Corporate Finance Institute
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Profit and Loss (P&L) Statement
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[USD $ millions]
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20182019202020212022
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Revenue stream 1 7,692.6 7,814.6 7,938.7 8,064.6 8,192.6
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Revenue stream 2 1,907.8 1,938.0 1,968.8 2,000.0 2,031.8
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Returns, Refunds, Discounts (275.3) (279.7) (284.1) (288.6) (293.2)
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Total Net Revenue 9,325.0 9,473.0 9,623.3 9,776.0 9,931.2
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Cost of Goods Sold 3,533.2 3,589.3 3,646.3 3,704.1 3,762.9
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Gross Profit 5,791.8 5,883.7 5,977.0 6,071.9 6,168.3
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Expenses
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Advertising & Promotion 250.6 255.6 260.7 265.9 271.1
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Depreciation & Amortization 1,456.8 1,485.8 1,515.3 1,545.4 1,576.1
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Insurance 14.7 15.0 15.3 15.6 15.9
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Maintenance 76.4 77.9 79.5 81.0 82.6
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Office Supplies 37.5 38.3 39.0 39.8 40.6
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Rent 77.7 79.3 80.9 82.5 84.1
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Salaries, Benefits & Wages 3,366.7 3,433.6 3,501.8 3,571.4 3,642.3
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Telecommunication 20.1 20.5 20.9 21.3 21.7
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Travel 30.8 31.4 32.1 32.7 33.3
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Utilities 18.8 19.1 19.5 19.9 20.3
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Other Expense 1 50.9 51.9 53.0 54.0 55.1
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Other Expense 2 - - - - -
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Total Expenses 5,401.1 5,508.4 5,617.9 5,729.5 5,843.4
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Earnings Before Interest & Taxes 390.6 375.2 359.1 342.4 324.9
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Interest Expense 30.0 2.5 2.5 2.5 2.5
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Earnings Before Taxes 360.6 372.7 356.6 339.9 322.4
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Income Taxes 108.2 111.8 107.0 102.0 96.7
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Net Earnings 252.4 260.9 249.7 237.9 225.7
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