The document provides the quarterly and annual financial results for a company. Some key highlights include:
- Several consumer brands posted sales growth for the quarter including Banquet, Blue Bonnet, and Chef Boyardee, while others like ACT II and Eckrich saw declines.
- Total depreciation and amortization was around $93 million for the quarter and $352 million for the fiscal year.
- Capital expenditures were around $106 million for the quarter and $352 million for the fiscal year.
- Net interest expense was $80 million for the quarter and $275 million for the fiscal year.
- Corporate expenses were around $95 million for the quarter and $342 million
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the what'sapp contact of my personal pi merchant to trade with
+12349014282
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
1. Q4 FY04 Question & Answer
July 1, 2004
1. What were some examples of consumer brands, on a comparable basis, posting sales growth
for the quarter?
Banquet
Blue Bonnet
Chef Boyardee
DAVID
Egg Beaters
Hebrew National
Hunt’s
Kid Cuisine
La Choy
Manwich
Marie Callender’s
PAM
Peter Pan
Reddi-wip
Slim Jim
Snack Pack
Wesson
2. What were some examples of consumer brands, on a comparable basis, posting sales declines
for the quarter?
ACT II
Armour
Butterball
Cook’s
Eckrich
Healthy Choice
Orville Redenbacher
Parkay
Swiss Miss
Q&A Page 1
2. 3. How much was total Depreciation and Amortization (all types) from continuing operations for
the quarter?
Approximately $93 million (vs. $93 million in Q4 2003).
$92 million of depreciation (vs. $92 million in Q4 2003)
$1 million of other amort. (vs. $1 million in Q4 2003)
4. How much was total Depreciation and Amortization (all types) from continuing operations for
the fiscal year?
Approximately $352 million (vs. $375 million for fiscal 2003).
$348 million of depreciation (vs. $368 million for fiscal 2003)
$4 million of other amort. (vs. $7 million for fiscal 2003)
5. How much were Capital Expenditures from continuing operations for the quarter?
Approximately $106 million (vs. $120 million in Q4 2003).
6. How much were Capital Expenditures from continuing operations for the fiscal year?
Approximately $352 million (vs. $376 million last year).
7. What was the net interest expense for the quarter?
$80 million.
8. What was the net interest expense for the fiscal year?
$275 million.
9. What is included in the company’s net debt at the end of the quarter (in millions)?
Q4 FY04 Q4 FY03
Total Debt* $5,694 $6,080
Less: Cash On Hand $ 589 $ 629
Total $5,105 $5,451
* Total debt = short-term debt, long-term debt, and subordinated debt
10. What was Corporate Expense for the quarter?
Approximately $95 million (vs. approximately $133 million in Q4 2003). Included in
corporate expense is a gain on the sale of the company’s minority interest in a joint venture;
the gain is classified as a $21 million reduction of corporate expense.
Q&A Page 2
3. 11. What was Corporate Expense for the fiscal year?
Approximately $342 million (vs. approximately $407 million last year).
12. How much did you pay in dividends during the quarter?
$137 million.
13. How much did you pay in dividends for the fiscal year?
$537 million.
14. What was the weighted average number of diluted shares outstanding for the quarter?
527 million shares.
15. What was the approximate effective tax rate for the fourth quarter (rounded)?
35%.
16. What were the gross margins and operating margins this quarter ($ amounts in millions,
rounded)?
Gross Margin = Gross Profit* divided by Net Sales
Gross Margin = $818/$3,962 = 20.7%
Operating Margin = Segment Operating Profit** divided by Net Sales
Operating Margin = $465/$3,962 = 11.7%
* Gross Profit equals Net Sales – Costs of Goods Sold ($3,962 – $3,144 = $818)
**See fourth quarter segment operating results for a reconciliation of operating profit to
income from continuing operations. Income from Continuing Operations divided by Net
Sales = $305/$3,962 = 7.7%.
17. Why are accounts receivable higher than last year?
Last year the company sold through securitization programs approximately $500 million of
accounts receivable. With the company’s strong cash position, the company has elected not to
draw from its asset securitization program, and as a result the accounts receivable balance is
higher at fiscal 2004 year-end.
Q&A Page 3
4. 18. What was the trade working capital position at quarter end, excluding amounts for
discontinued operations?
Trade working capital is defined as the net position of Accounts Receivable plus Inventory
less Current Operating Liabilities (Accounts Payable, Accrued Expenses, and Advances on
Sales).
Q4 FY04 Q4 FY03
Accounts Receivable* $1,324 $ 801
Inventory $2,626 $2,456
Less: Accounts Payable $ 941 $ 788
Less: Accrued Expenses $1,349 $1,397
Less: Advances on Sales $ 178 $ 112
Net Position $1,482 $ 960
* Please note question 17 regarding higher accounts receivable balance.
19. What is the preliminary estimate of the effective tax rate for fiscal 2005?
Approximately 38%.
20. What are projected Capital Expenditures for fiscal 2005?
Approximately $475 million, reflecting increased investment in information systems and the
logistics network.
21. What is the expected net interest expense for fiscal 2005?
Approximately $315 million.
22. The company stated that fiscal 2004 reflected $0.07 per share of expense related to
implementing cost savings initiatives, including a reduction in headcount and facilities. Fiscal
2005 EPS is expected to include $0.03 per share of expense as these initiatives continue that
year. Does the company have any additional comments on the initiatives?
• As part of efforts to improve the company’s cost structure, margins, and competitive
position, the company is currently implementing a series of initiatives that will better align
and utilize the company’s collective resources.
• The initiatives were started in the second quarter of fiscal 2004, and are expected to
continue into fiscal 2005. These initiatives include:
Elimination of duplicative costs and overhead;
Consolidation of selected plants and support functions;
Efforts to streamline and improve our ability to do business with our
customers, distributors and brokers; and
Realignment of business organizations.
• These initiatives are expected to be more than offset by cost savings in the future.
Q&A Page 4
5. 23. As reported in this release and prior releases, what are the main items in fiscal 2004 EPS that
will affect comparability with fiscal 2005 EPS?
Summary of major items in fiscal 2004 EPS that
will affect comparability with fiscal 2005 EPS First Second Third Fourth
Quarter Quarter Quarter Quarter
Contribution from discontinued operations $0.07 $0.06 $0.02 $0.03
Benefit of lower tax rate $0.12 $0.02
Litigation expense -$0.03 -$0.05
Accounting change (SFAS 143 Adopted) -$0.02
Costs to implement efficiency initiatives -$0.01 -$0.03 -$0.03
Liquidation of minority interest investment $0.02
Estimated benefit of extra week in fiscal 2004 $0.03
24. What are the revisions to historical segment results as a result of the classification change
that took place this quarter?
Please see the following tables - one shows segment information, the other shows the entire
P/L information.
Q&A Page 5
6. CONAGRA FOODS, INC.
Income Statement for FY04, FY03 - To Be Reported at the end of Q4 FY04
($USD, in millions)
FY 2003 FY 2004
Q1 FY03 Q2 FY03 Q3 FY03 Q4 FY03 Total FY 03 Q1 FY04 Q2 FY04 Q3 FY04
Net sales $5,381.3 $4,384.8 $3,547.7 $3,625.3 $16,939.1 $3,229.4 $3,804.8 $3,525.5
Costs and expenses
Costs of goods sold 4,548.7 3,473.2 2,716.1 2,831.9 13,569.9 2,545.2 2,908.5 2,728.4
SG&A expenses 463.4 528.4 477.2 440.0 1,909.0 464.0 477.7 423.1
Interest expenses, net 82.8 69.8 63.4 58.7 274.7 65.4 68.2 61.8
5,094.9 4,071.4 3,256.7 3,330.6 15,753.6 3,074.6 3,454.4 3,213.3
Equity method investment earnings 7.9 7.4 11.8 10.0 37.1 11.2 16.3 1.9
Income from continuing operations before
income taxes and cumulative effect of
changes in accounting 294.3 320.8 302.8 304.7 1,222.6 166.0 366.7 314.1
Income tax expense (benefit) 107.7 114.8 104.2 88.9 415.6 (1.3) 128.8 122.3
Income from continuing operations before 186.6 206.0 198.6 215.8 807.0 167.3 237.9 191.8
cumulative effect of changes in accounting
Income (loss) from discontinued operations 37.1 29.8 (37.6) (65.4) (36.1) 39.3 32.2 12.9
Income before cumulative effect of
changes in accounting 223.7 235.8 161.0 150.4 770.9 206.6 270.1 204.7
Cumulative effect of changes in accounting 3.9 - - - 3.9 (11.7) - (1.4)
Net income $227.6 $235.8 $161.0 $150.4 $774.8 $194.9 $270.1 $203.3
Q&A Page 6
7. ConAgra Foods, Inc.
Segment Operating Results: Q4 FY04
($USD, in Millions)
FY 2003 FY 2004
Q1 FY03 Q2 FY03 Q3 FY03 Q4 FY03 Total Q1 FY04 Q2 FY04 Q3 FY04
Segment Sales
Retail Products $ 1,994.0 $ 2,364.4 $ 2,152.5 $ 2,157.2 $ 8,668.1 $ 1,841.0 $ 2,271.6 $2,091.4
Foodservice Products 895.0 930.5 856.8 915.6 3,597.9 880.3 956.2 876.1
Food Ingredients 530.0 583.5 538.4 552.5 2,204.4 508.1 577.0 558.0
Meat Processing 1,962.3 506.4 - - 2,468.7 - - -
Agricultural Products - - - - - - - -
Total 5,381.3 4,384.8 3,547.7 3,625.3 16,939.1 3,229.4 3,804.8 3,525.5
Segment Operating Profit
Retail Products 263.3 357.4 337.5 339.8 1,298.0 208.0 357.8 326.4
Foodservice Products 89.9 98.6 78.0 78.0 344.5 76.0 85.8 69.8
Food Ingredients 36.4 43.0 27.0 18.7 125.1 27.9 54.1 54.2
Meat Processing 46.1 2.9 0.7 49.7 99.4 - - -
Agricultural Products - - - - - - - -
Total 435.7 501.9 443.2 486.2 1,867.0 311.9 497.7 450.4
Reconciliation of total operating profit to income
from continuing operations before income tax
and cumulative effect of changes in accounting
Items excluded from segment operating profit:
General and corporate expense 66.5 118.7 88.8 132.8 406.8 91.7 79.1 76.4
Interest expense, net 82.8 69.8 63.4 58.7 274.7 65.4 68.2 61.8
Equity method investment earnings 7.9 7.4 11.8 10.0 37.1 11.2 16.3 1.9
Goodwill Amortization - - - - - - - -
Income from continuing operations before income
tax and cumulative effect of changes in accounting $ 294.3 $ 320.8 $ 302.8 $ 304.7 $ 1,222.6 $ 166.0 $ 366.7 $ 314.1
Segment operating profit excludes general corporate expense, equity method investment earnings, goodwill and net interest expense. Management
believes such expenses are not directly associated with segment performance results for the period. Management believes the presentation of total
operating profit for segments facilitates period-to-period comparison of results of segment operations.
Q&A Page 7