Value2020202120222023TTMSelling/general/admin expenses8.05 B8.32 B8.38 B8.33 B8.26 BResearch & development—————Operating income2.35 B1.73 B382 M909 M783 MNon-Operating Income, Total97 M52 M134 M46 M—Interest expense, net of interest capitalized256 M175 M170 M158 M—Non-Operating Income, excl. Interest Expenses-159 M-123 M-36 M-112 M—Unusual income/expense—————Pretax income1.87 B1.52 B124 M763 M623 MEquity in earnings—————Taxes436 M341 M19 M181 M157 MNon-controlling/minority interest—————After tax other income/expense—————Net income before discontinued operations1.43 B1.18 B105 M582 M476 MDiscontinued operations—————Net income1.43 B1.18 B105 M582 M476 MDilution adjustment—————Preferred dividends—————Diluted net income available to common stockholders1.43 B1.18 B105 M582 M478 MBasic earnings per share (Basic EPS)4.664.280.382.11.73Diluted earnings per share (Diluted EPS)4.554.190.382.071.7Average basic shares outstanding306.8 M274.7 M274.2 M277.7 M1.1 BDiluted shares outstanding314 M281.1 M278.2 M281.6 M1.12 BEBITDA8.78 B8.29 B8.37 B8.83 B10.02 BEBIT7.91 B7.44 B7.48 B7.95 B9.12 BCost of revenue15.23 B15.5 B14.34 B13.93 B13.54 BOther cost of goods sold—————Depreciation & amortization (cash flow)874 M857 M897 M881 M896 M
Macy's Inc
Macy's, Inc. is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over Macy's, the old department store chain originally founded in 1858 by American entrepreneur Rowland Hussey Macy. Despite Federated's long history of preserving regional nameplates, its acquisition of the May Department Stores Company in 2005 marked the end of those nameplates. By the following year, both the Macy's and Bloomingdale's brands had replaced them nationwide. Ultimately, Federated itself was renamed Macy's, Inc. in 2007, an acknowledgment of the old store's venerable name; the company bought Bluemercury in 2015 from Berry J. Beck and Marla Malcolm Beck, allowing the company to expand into beauty stores.