In: Finance
Select a large U.S. public corporation you are familiar with or which interests you. It should be on the Fortune 500 list. Using the company's most recent annual report (or Form 10-K) from the company's Investor Relations web page and other credible internet sources, develop a short profile of the corporation. Obtain and attach a PDF version of the most recent annual report (or Form 10-K) from the company's web site. Include the following information:
Name of the corporation and location of corporate headquarters.
State of incorporation.
The stock exchange on which the company's stock is traded.
Type |
Public |
---|---|
Traded as |
|
Industry | Consumer goods |
Founded | October 31, 1837; 180 years
ago Cincinnati, Ohio, U.S. |
Founders |
|
Headquarters | Cincinnati, Ohio, U.S. |
Area served |
Worldwide (except Cuba and North Korea) |
Key people |
David S. Taylor Chairman of the Board, President and CEO |
Products | Cleaning agents Personal care products Beauty Care Products Personal Healthcare Products Diagnostics (through SPDJoint Venture) |
Brands | See list of brands |
Revenue | US$65.29 billion (2016) |
Operating income |
US$13.44 billion (2016) |
Net income |
US$10.50 billion (2016) |
Total assets | US$127.1 billion (2016) |
Total equity | US$57.34 billion (2016) |
Number of employees |
95,000 (2017) |
Website | www.pg.com |
Procter & Gamble Co. (P&G) is an American multi-national consumer goods corporationheadquartered in downtown Cincinnati, Ohio, founded in 1837 by British American William Procter and Irish American James Gamble. It primarily specializes in a wide range of cleaning agents and personal care and hygienics products. Before the sale of Pringles to the Kellogg Company, its product portfolio also included foods, snacks and beverages.
In 2014, P&G recorded $83.1 billion in sales. On August 1, 2014, P&G announced it was streamlining the company, dropping and selling off around 100 brands from its product portfolio in order to focus on the remaining 65 brands, which produced 95% of the company's profits. A.G. Lafley—the company's chairman, president, and CEO until October 31, 2015—said the future P&G would be "a much simpler, much less complex company of leading brands that's easier to manage and operate".
David Taylor is the current president and CEO of Procter & Gamble.
Financial report can be accessed at https://us.pg.com/annualreport2017/annual-report.html#/Financial