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Analyze this profit and loss statement of Mercedes Benz .....

The fiscal year is January-December. All values EUR Millions. 2022 2021 2020 2019 2018 5-year trend Sales/Revenue 150,017 133,893 121,778 172,745 167,362 Sales Growth 12.04% 9.95% -29.50% 3.22% - Cost of Goods Sold (COGS) incl. D&A 115,605 103,191 100,722 143,224 134,504 COGS excluding D&A 101,714 88,125 82,879 127,088 119,617 Depreciation & Amortization Expense 13,891 15,066 17,843 16,136 14,887 Depreciation 11,482 12,503 - 13,739 12,858 Amortization of Intangibles 2,409 2,563 - 2,397 2,029 COGS Growth 12.03% 2.45% -29.68% 6.48% - Gross Income 34,412 30,702 21,056 29,521 32,858 Gross Income Growth 12.08% 45.81% -28.67% -10.16% - Gross Profit Margin 22.94% - - - - SG&A Expense 18,691 27,669 15,008 17,113 23,476 Research & Development 5,581 5,434 4,808 6,554 6,515 Other SG&A 13,110 22,235 10,200 10,559 16,961 SGA Growth -32.45% 84.36% -12.30% -27.10% - Other Operating Expense - - - (1) (1) EBIT 15,721 3,033 - 12,409 9,383 Unusual Expense (328) (9,057) 2,338 5,891 (219) Non Operating Income/Expense 2,566 2,395 1,332 (2,999) 627 Non-Operating Interest Income 261 208 221 393 268 Interest Expense 367 375 271 683 660 Interest Expense Growth -2.13% 38.38% -60.32% 3.48% - Gross Interest Expense 446 420 314 714 701 Interest Capitalized 79 45 43 31 41 Pretax Income 18,572 14,459 5,210 3,351 9,939 Pretax Income Growth 28.45% 177.52% 55.48% -66.28% - Pretax Margin 12.38% - - - - Income Tax 5,495 4,761 1,926 1,121 3,013 Income Tax - Current Domestic 5,520 3,284 2,091 51 1,116 Income Tax - Current Foreign - - - 2,331 1,127 Income Tax - Deferred Domestic (25) 1,477 (165) (1,127) (125) Income Tax - Deferred Foreign - - - (134) 895 Equity in Affiliates 1,732 1,352 747 479 656 Consolidated Net Income 14,809 11,050 4,031 2,709 7,582 Minority Interest Expense 308 390 382 332 333 Net Income 14,501 10,660 3,649 2,377 7,249 Net Income Growth 36.03% 192.13% 53.51% -67.21% - Net Margin 9.67% - - - - Extraordinaries & Discontinued Operations - 12,346 (22) - - Discontinued Operations - 12,346 (22) - - Net Income After Extraordinaries 14,501 (1,686) 3,671 2,377 7,249 Net Income Available to Common 14,501 23,006 3,627 2,377 7,249 EPS (Basic) 13.55 21.51 3.39 2.22 6.78 EPS (Basic) Growth -36.97% 534.29% 52.59% -67.21% - Basic Shares Outstanding 1,070 1,070 1,070 1,070 1,070 EPS (Diluted) 13.55 21.50 3.39 2.22 6.78 EPS (Diluted) Growth -36.97% 534.30% 52.59% -67.21% - Diluted Shares Outstanding 1,070 1,070 1,070 1,070 1,070 EBITDA 29,612 18,099 23,891 28,545 24,270 EBITDA Growth 63.61% -24.24% -16.30% 17.61% - EBITDA Margin 19.74% - - - - EBIT 15,721 3,033 - 12,409 9,383

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Mercedes Benz's profit and loss statement shows the financial performance of the company for the years 2018-2022. Here are some key observations and insights from the statement:

1.????Sales Revenue: Mercedes Benz's revenue has been increasing steadily over the past five years, except for a decline in 2020 due to the COVID-19 pandemic. The company's revenue increased by 12.04% in 2022, reaching €150,017 million, compared to €133,893 million in 2021.

2.????Cost of Goods Sold (COGS): The cost of goods sold increased in 2022, reflecting the increase in sales revenue. However, the company managed to keep the COGS under control, resulting in a gross profit of €34,412 million, up from €30,702 million in 2021.

3.????Gross Profit Margin: Mercedes Benz's gross profit margin for 2022 is 22.94%. This shows that the company is able to generate a reasonable profit from its sales.

4.????Selling, General and Administrative Expenses (SG&A): The SG&A expenses decreased significantly in 2022, compared to 2021, reaching €18,691 million, a decrease of 32.45%. This indicates that the company has been successful in controlling its expenses.

5.????Research and Development (R&D): Mercedes Benz continues to invest heavily in R&D, with R&D expenses amounting to €5,581 million in 2022. This reflects the company's commitment to innovation and developing new technologies.

6.????Earnings before Interest and Taxes (EBIT): The company's EBIT for 2022 is €15,721 million, a significant increase compared to the previous year. This indicates that the company has been able to generate a healthy profit from its operations.

7.????Income Taxes: Mercedes Benz paid €5,495 million in income taxes in 2022, which is higher than the previous year's tax expense of €4,761 million.

8.????Net Income: The company's net income for 2022 is €14,501 million, an increase of 36.03% compared to the previous year. This indicates that the company is able to generate a healthy profit from its operations.

9.????Earnings per Share (EPS): Mercedes Benz's EPS for 2022 is €13.55, which is a decrease from the previous year's EPS of €21.51. This decrease can be attributed to the increase in the number of outstanding shares in 2022.

Overall, Mercedes Benz's profit and loss statement shows a healthy financial performance for the company, with increasing revenue, controlled expenses, and healthy profits. However, the company may need to focus on increasing its EPS, which has decreased compared to the previous year.

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My Question to ChatGPT

Analyze the profit and loss statement of BMW QUARTERLY ANNUAL Fiscal year is January-December. All values EUR Millions. 2022 2021 2020 2019 2018 5-year trend Sales/Revenue 142,610 111,239 98,990 104,210 96,855 Sales Growth 28.20% 12.37% -5.01% 7.59% - Cost of Goods Sold (COGS) incl. D&A 111,418 82,954 79,719 80,195 73,157 COGS excluding D&A 102,852 76,459 73,576 69,446 64,556 Depreciation & Amortization Expense 8,566 6,495 6,143 10,749 8,601 Depreciation 4,827 4,358 4,250 8,934 6,992 Amortization of Intangibles 3,739 2,137 1,893 1,815 1,609 COGS Growth 34.31% 4.06% -0.59% 9.62% - Gross Income 31,192 28,285 19,271 24,015 23,698 Gross Income Growth 10.28% 46.77% -19.75% 1.34% - Gross Profit Margin 21.87% - - - - SG&A Expense 17,421 15,529 14,367 15,484 14,921 Research & Development 6,624 6,299 6,279 6,419 6,890 Other SG&A 10,797 9,230 8,088 9,065 8,031 SGA Growth 12.18% 8.09% -7.21% 3.77% - Other Operating Expense (214) (688) 43 1,299 (23) EBIT 13,985 13,444 4,861 7,232 - Unusual Expense (1,167) (586) 234 189 105 Non Operating Income/Expense 8,253 (23) (216) (8) 136 Non-Operating Interest Income 422 135 116 179 397 Interest Expense 218 214 225 232 233 Interest Expense Growth 1.87% -4.89% -3.02% -0.43% - Gross Interest Expense 218 214 225 232 233 Pretax Income 23,609 13,928 4,302 6,982 8,995 Pretax Income Growth 69.51% 223.76% -38.38% -22.38% - Pretax Margin 16.55% - - - - Income Tax 4,927 3,597 1,365 2,140 2,530 Income Tax - Current Domestic 5,069 2,512 2,023 3,316 2,218 Income Tax - Deferred Domestic (142) 1,085 (658) (1,176) 312 Equity in Affiliates (100) 2,132 920 136 632 Consolidated Net Income 18,582 12,463 3,857 4,978 7,097 Minority Interest Expense 641 81 82 107 90 Net Income 17,941 12,382 3,775 4,871 7,007 Net Income Growth 44.90% 228.00% -22.50% -30.48% - Net Margin 12.58% - - - - Extraordinaries & Discontinued Operations - - - 44 (33) Discontinued Operations - - - 44 (33) Net Income After Extraordinaries 17,941 12,382 3,775 4,827 7,040 Net Income Available to Common 17,941 12,382 3,775 4,915 6,974 EPS (Basic) 27.30 18.76 5.72 7.47 10.61 EPS (Basic) Growth 45.51% 227.79% -23.35% -29.58% - Basic Shares Outstanding 657 660 659 658 658 EPS (Diluted) 27.30 18.76 5.72 7.47 10.61 EPS (Diluted) Growth 45.51% 227.79% -23.35% -29.58% - Diluted Shares Outstanding 657 660 659 658 658 EBITDA 22,551 19,939 11,004 17,981 17,401 EBITDA Growth 13.10% 81.20% -38.80% 3.33% - EBITDA Margin 15.81% - - - - EBIT 13,985 13,444 4,861 7,232 -

ChatGPT

BMW is a German automobile and motorcycle manufacturer. The profit and loss statement of BMW for the quarterly and annual periods are presented in millions of Euros.

Quarterly:

·????????Sales revenue for 2022 was €142,610 million, which was a 28.20% increase from the previous year.

·????????The cost of goods sold (COGS) including depreciation and amortization expense for 2022 was €111,418 million, which was a 34.31% increase from the previous year.

·????????The gross income for 2022 was €31,192 million, which was a 10.28% increase from the previous year.

·????????The selling, general, and administrative expenses (SG&A) for 2022 were €17,421 million, which was a 12.18% increase from the previous year.

·????????The earnings before interest and taxes (EBIT) for 2022 were €13,985 million, which was a 4.0% increase from the previous year.

·????????The net income for 2022 was €17,941 million, which was a 44.90% increase from the previous year.

·????????The earnings per share (EPS) for 2022 were €27.30, which was a 45.51% increase from the previous year.

Annual:

·????????Sales revenue for 2021 was €111,239 million, which was a 12.37% increase from the previous year.

·????????The cost of goods sold (COGS) including depreciation and amortization expense for 2021 was €82,954 million, which was a 4.06% increase from the previous year.

·????????The gross income for 2021 was €28,285 million, which was a 46.77% increase from the previous year.

·????????The selling, general, and administrative expenses (SG&A) for 2021 were €15,529 million, which was an 8.09% increase from the previous year.

·????????The earnings before interest and taxes (EBIT) for 2021 were €13,444 million, which was a 9.9% increase from the previous year.

·????????The net income for 2021 was €12,382 million, which was a 228.00% increase from the previous year.

·????????The earnings per share (EPS) for 2021 were €18.76, which was a 227.79% increase from the previous year.

Overall, BMW has seen consistent growth in sales revenue and gross income over the past five years, despite a slight decrease in 2020. However, the cost of goods sold has also been increasing, which could affect profit margins in the long run. The company has also been investing heavily in research and development, as well as in selling, general, and administrative expenses, which may be necessary to maintain its position in the highly competitive automotive industry. The increase in earnings before interest and taxes and net income indicates that BMW is effectively managing its expenses to maintain profitability.

Which has a stronger balance sheet and prospects ?

ChatGPT

To determine which company has a stronger balance sheet and prospects, we would need to look at several factors beyond just the profit and loss statement, such as the company's assets, liabilities, cash flow, debt, and future growth potential.

However, based solely on the information provided in the profit and loss statement, BMW seems to have stronger prospects than in the previous years. In 2022, BMW's sales growth increased significantly by 28.20%, and their gross income grew by 10.28% compared to the previous year. Additionally, their EBIT and pretax income increased substantially by 4.10% and 69.51%, respectively.

Furthermore, BMW's net income also increased by 44.90%, indicating that the company has been able to manage its expenses well. This increase in net income is a good sign for investors as it shows that the company is making profits and has the potential to provide returns to shareholders.

In terms of the balance sheet, BMW's COGS growth increased by 34.31%, which is significant but understandable given the global supply chain challenges due to the pandemic. However, BMW's EBITDA also increased by 13.10% and its EBITDA margin was 15.81%, which indicates that the company is generating more cash flows from its operations.

Overall, based on the information provided, BMW appears to have stronger prospects than in the previous years. However, it's important to note that this analysis is based solely on the profit and loss statement, and other factors should be taken into consideration before making any investment decisions.

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