How do I calculate the NOPAT FOR 2016 AND 2015 - TAX RATE IS 37%? Consolidated Statements of Income Fiscal year ended (in thousands) Dec. 29, 2016 Dec. 30, 2015 Revenues Circulation $880,543 $851,790 Advertising 580,732 638,709 Other 94,067 88,716 Total revenues 1,555,342 1,579,215 Production costs Wages and benefits 363,051 354,516 Raw materials 72,325 77,176 Other 192,728 186,120 Total production costs 628,104 617,812 Selling, general and administrative costs 721,083 713,837 Depreciation and amortization 61,723 61,597 Total operating costs 1,410,910 1,393,246 Restructuring charge 14,804 0 Multiemployer pension plan withdrawal expense 6,730 9,055 Pension settlement charges 21,294 40,329 Early termination charge 0 0 Operating profit 101,604 136,585 Loss from joint ventures -36,273 -783 Interest expense, net 34,805 39,050 Income from continuing operations before income taxes 30,526 96,752 Income tax expense/(benefit) 4,421 33,910 Income from continuing operations 26,105 62,842 Loss from discontinued operations, net of income taxes -2,273 0 Net income 23,832 62,842 Net loss attributable to the noncontrolling interest 5,236 404 Net income attributable to The New York Times Company common stockholders $29,068 $63,246

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How do I calculate the NOPAT FOR 2016 AND 2015 - TAX RATE IS 37%?



Consolidated Statements of Income
	Fiscal year ended
(in thousands)	Dec. 29, 2016	Dec. 30, 2015
Revenues
Circulation	$880,543	$851,790
Advertising	580,732	638,709
Other	94,067	88,716
Total revenues	1,555,342	1,579,215
Production costs
Wages and benefits	363,051	354,516
Raw materials	72,325	77,176
Other	192,728	186,120
Total production costs	628,104	617,812
Selling, general and administrative costs	721,083	713,837
Depreciation and amortization	61,723	61,597
Total operating costs	1,410,910	1,393,246
Restructuring charge	14,804	0
Multiemployer pension plan withdrawal expense	6,730	9,055
Pension settlement charges	21,294	40,329
Early termination charge	0	0
Operating profit	101,604	136,585
Loss from joint ventures	-36,273	-783
Interest expense, net	34,805	39,050
Income from continuing operations before income taxes	30,526	96,752
Income tax expense/(benefit)	4,421	33,910
Income from continuing operations	26,105	62,842
Loss from discontinued operations, net of income taxes	-2,273	0
Net income	23,832	62,842
Net loss attributable to the noncontrolling interest	5,236	404
Net income attributable to The New York Times Company common stockholders	$29,068	$63,246

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