P&G 2016 Annual Report
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P&G 2010 Annual Report
Touching & Improving Lives 2010 ANNUAL REPORT Net Sales Contents ($ billions) Letter to Shareholders 1 10 $78.9 Leadership Brands 7 Touching & Improving Lives 11 09 $76.7 More Consumers 12 08 $79.3 More Parts of the World 16 07 $72.4 More Completely 20 06 $64.4 P&G Innovations 24 Making a Difference 26 Financial Contents 27 Global Leadership Council 75 Operating Cash Flow Board of Directors 75 ($ billions) Financial Summary 76 Company and Shareholder Information 78 10 $16.1 09 $14.9 08 $15.0 07 $13.4 06 $11.4 Diluted Net Earnings (per common share) 10 $4.11 09 $4.26 08 $3.64 07 $3.04 06 $2.64 2010 Net Sales By business segment By geographic region By market maturity (% of total business segments) 15% 34% Beauty & Grooming 9% North America 34% Developed Health and Well-Being 42% Western Europe 48% Developing Household Care 13% Central & Eastern Europe, 66% Middle East & Africa 18% These results exclude net sales in Corporate. 21% Latin America Asia Financial Highlights (unaudited) Amounts in millions, except per share amounts 2010 2009 2008 2007 2006 Net Sales $78,938 $76,694 $79,257 $72,441 $64,416 Operating Income 16,021 15,374 15,979 14,485 12,551 Net Earnings 12,736 13,436 12,075 10,340 8,684 Net Earnings Margin from Continuing Operations 13.9% 13.9% 14.2% 13.3% 12.7% Diluted Net Earnings per Common Share from Continuing Operations $ 3.53 $ 3.39 $ 3.40 $ 2.84 $ 2.49 Diluted Net Earnings Per Common Share 4.11 4.26 3.64 3.04 2.64 Dividends Per Common Share 1.80 1.64 1.45 1.28 1.15 Dear Shareholders, P&G’s Purpose–to touch and improve lives, now and for generations to come–is inspiring and pervasive. -
1 Federal Register Notice DEPARTMENT of JUSTICE
This document is scheduled to be published in the Federal Register on 015/ 14/2014 and available online at http://federalregister.gov/a/2014-11056, and on FDsys.gov Federal Register Notice DEPARTMENT OF JUSTICE Antitrust Division United States v. Ebay Inc. Proposed Final Judgment and Competitive Impact Statement Notice is hereby given pursuant to the Antitrust Procedures and Penalties Act, 15 U.S.C. 16(b)-(h), that a proposed Final Judgment, Stipulation and Competitive Impact Statement have been filed with the United States District Court for the Northern District of California in United States of America v. eBay Inc., Civil Action No. 12-5869. On November 16, 2012, the United States filed a Complaint alleging that eBay Inc. entered into an agreement with Intuit, Inc., that restrained the recruiting and hiring of high technology workers, in violation of Section 1 of the Sherman Act, 15 U.S.C. 1. The proposed Final Judgment prevents eBay from maintaining or entering into similar agreements. Copies of the Complaint, as amended, Stipulation, proposed Final Judgment and Competitive Impact Statement are available for inspection at the Department of Justice, Antitrust Division, Antitrust Documents Group, 450 Fifth Street, NW, Suite 1010, Washington, DC 20530 (telephone: 202-514-2481), on the Department of Justice’s Web site at http://www.usdoj.gov/atr, and at the Office of the Clerk of the United States District Court for the Northern District of California. Copies of these materials may be obtained from the Antitrust Division upon request and payment of the copying fee set by Department of Justice regulations. -
Bloomsburg Investment Group
Bloomsburg Investment Group Equity Analysis The Procter & Gamble Company (PG) Analyst: Gerrick Hardy, Class of 2021 Trevor Luzi, Mackenzie Gross, Class of 2022 Bloomsburg Investment Group Opinion: After our group's thorough analysis, we believe it is in the best interest of the group if our holding in Procter & Gamble (PG) is partially liquidated. Although our group remains bullish about the company, we think taking some profits from PG's recent run-up and allocating funds elsewhere in the sector would be most beneficial. While the company has provided strong organic growth in each of the two previous quarters, a number of headwinds remain in the way which will likely restrict future growth. A stronger U.S. Dollar has essentially offset the organic revenue growth, and the rise in transportation costs and commodity prices has and will likely continue to squeeze the margins of PG. With consumer tastes trending towards less expensive generic brands, customers may not respond favorably to recent price increases of some of Procter & Gamble’s largest brands. Our sector believes PG is currently trading at a premium that will not be satisfied with future growth. Despite all of this, we are still bullish because of the high dividend yield that the company has increased for 62 consecutive years, wide array of brand offerings, and brand loyalty and recognition, among other factors. Considering cross-current risks that exist in the macroeconomic environment and the potential of an upcoming recession or economic downturn, Procter & Gamble will continue to provide stable growth and hedge our portfolio. Corporate Summary: Corporate Details: Name Procter & Gamble Co The Procter & Gamble Company, founded in 1837, is Ticker PG a global manufacturer and distributor of household Domicile United States goods. -
Procter & Gamble Co (Pg)
PROCTER & GAMBLE CO (PG) 10-K Annual report pursuant to section 13 and 15(d) Filed on 08/08/2012 Filed Period 06/30/2012 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark one) [x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended June 30, 2012 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-434 THE PROCTER & GAMBLE COMPANY One Procter & Gamble Plaza, Cincinnati, Ohio 45202 Telephone (513) 983-1100 IRS Employer Identification No. 31-0411980 State of Incorporation: Ohio Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, without Par Value New York Stock Exchange, NYSE Euronext-Paris Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes þ No o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes o No þ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
Sustainability Report Contents Introduction 2020 Goals Progress P&G Profile Environmental Sustainability Social Responsibility GRI Index 2 of 75
Contents Introduction 2020 Goals Progress P&G Profile Environmental Sustainability Social Responsibility GRI Index 1 of 75 2015 Sustainability Report Contents Introduction 2020 Goals Progress P&G Profile Environmental Sustainability Social Responsibility GRI Index 2 of 75 Environmental and social responsibility are part of everyone’s job at P&G. They are integrated into our daily work and business operations. DAVID S. TAYLOR President and Chief Executive Officer NOTE TO PDF USER This PDF utilizes interactive elements. Click on contents and hyperlinks for easy navigation. ABOUT OUR 17TH ANNUAL SUSTAINABILITY REPORT This is the 17th Sustainability Report for Procter & Gamble’s worldwide operations. Data in this report cover the period from July 1, 2014, through June 30, 2015. Financial information is given in U.S. dollars. This report was prepared using the Global Reporting Initiative’s (GRI’s) G3 Reporting Guidelines. The mission of the GRI is to promote international harmonization in the reporting of relevant and credible corporate economic, environmental and social performance information to enhance responsible decision making. The GRI has not verified the contents of this report, nor does it take a position on the reliability of information reported herein. For further information about the GRI, For the latest P&G news, in-depth information on P&G’s brands, and please visit: www.globalreporting.org shareholder and career information, please visit: www.pg.com Contents Contents Introduction 2020 Goals Progress P&G Profile Environmental -
Front-Back Model
THE FRONT-BACK MODEL: HOW DOES IT WORK? JAY GALBRAITH November 2005 The front-back structure, when it works, rests on three strong legs. First, there is a strong front-end focused on customer relationships, shopper insights and mastery of channels. Second, there is a strong global back-end based on products and brands, user insights and a global product development process. Less obvious and equally essential is strong leadership – the third leg linking the front and the back. Hewlett-Packard lags IBM because the company has not had the strong leadership to make the front-end an equal partner to the product lines. Carly Fiorina tried to be the link by herself, despite Board requests for a COO. Similarly when Procter & Gamble went to its Organization 2005, Jager tried to bridge the GBU-MDO gap by himself. He failed. He supported the GBUs, increased R&D spending and the MDOs were overwhelmed with new product launches. When Lafley took over, he immediately expanded top management capacity by adding a Vice-Chairman in charge of the MDOs. Driven in part by succession issues, Lafley has created four Vice-Chairmen in charge of clusters of GBUs (15 in total) and MDOs (7 in total). Jim Kilts, who is leading the P&G-Gillette integration, is the fifth Vice-Chairman. The result is sufficient enterprise management capacity to link the front and the back. The means by which this leadership is exercised is through the management processes and personal networks. The management processes are necessary because the front-back model is an interdependent system of profit centers. -
The Procter & Gamble Company
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act Of 1934 November 15, 2017 Date of Report (Date of Earliest Event Reported) THE PROCTER & GAMBLE COMPANY (Exact name of registrant as specified in its charter) Ohio 1-434 31-0411980 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification Number) One Procter & Gamble Plaza, Cincinnati, Ohio 45202 (Address of principal executive offices) Zip Code (513) 983-1100 45202 (Registrant’s telephone number, including area code) Zip Code ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ITEM 7.01 REGULATION FD DISCLOSURE On November 15, 2017, The Procter & Gamble Company (the “Company”) issued a press release announcing the preliminary voting results received from IVS Associates, Inc., the independent inspector of elections, for the Company’s 2017 Annual Meeting of Stockholders held on October 10, 2017. -
2006 Annual Report Financial Highlights
2006 Annual Report Financial Highlights FINANCIAL SUMMARY (UNAUDITED) Amounts in millions, except per share amounts; Years ended June 30 2006 2005 2004 2003 2002 Net Sales $68,222 $56,741 $51,407 $43,377 $40,238 Operating Income 13,249 10,469 9,382 7,312 6,073 Net Earnings 8,684 6,923 6,156 4,788 3,910 Net Earnings Margin 12.7% 12.2% 12.0% 11.0% 9.7% Basic Net Earnings Per Common Share $2.79 $ 2.70 $ 2.34 $ 1.80 $ 1.46 Diluted Net Earnings Per Common Share 2.64 2.53 2.20 1.70 1.39 Dividends Per Common Share 1.15 1.03 0.93 0.82 0.76 NET SALES OPERATING CASH FLOW DILUTED NET EARNINGS (in billions of dollars) (in billions of dollars) (per common share) 68.2 11.4 2.64 4 0 4 0 4 4 40 0 0 04 0 06 0 0 04 0 06 0 0 04 0 06 Contents Letter to Shareholders 2 Capability & Opportunity 7 P&G’s Billion-Dollar Brands 16 Financial Contents 21 Corporate Officers 64 Board of Directors 65 Shareholder Information 66 11-Year Financial Summary 67 P&GataGlance 68 P&G has built a strong foundation for consistent sustainable growth, with clear strategies and room to grow in each strategic focus area, core strengths in the competencies that matter most in our industry, and a unique organizational structure that leverages P&G strengths. We are focused on delivering a full decade of industry-leading top- and bottom-line growth. -
The Cancer and the Cure: Security, State and Power in Mexico De Rosa, F
The Cancer and the Cure: Security, State and Power in Mexico De Rosa, F. & Godeghesi, C1. Abstract This paper aims to understand the role of the Mexican state in a drug war context and the impact of Mexican drug policies to its institutional legitimacy. In this sense, we will discuss how the institution adopted security policies as counter measures concerning the narco-traffic. Such militarized action adopted by the Mexican government, in addition to the support offered by its neighbor United States, echoes how society imagines the use of force within public policies. In this sense, the main question is how the use of violence becomes central in the public policies’ formulation and why it represents an attempt to re-claim power and legitimacy. We will assess how this conception of public policy formulation does not encompass the dynamics in which violence emerges. This effort regards ultimately the final manifestation through which actors conduct violence, focusing in a unilateral conception of monopoly ownership. The paper will offer a critical discussion focused on violence and its role as an instrument of power and as a main part of the monopoly of state control. Our central argument is that the, Mexican government takes for granted other power relations implementing those policies. Such concerns should embody policy formulation in order to understand violence and its manifestations inside Mexican society regarding narco-traffic. “Sé que México enfrenta un gran problema de seguridad. Éste es un cáncer que se ha venido incubando durante años y al que no se le dio la debida atención, pero es un cáncer que vamos a erradicar” Felipe Calderón Hijinosa Introduction From 2006 to 2012, violence in Mexico has skyrocketed. -
Ernesto Zedillo's Economic Proposals
80 Voices of Mexico /October • December, 1994 Ernesto Zedillo's economic proposals n June 6, during his election campaign, investment. It would be financed with resources Ernesto Zedillo —now president-elect- derived from the contingency fund, fed by proceeds presented ten points for economic reactivation from deincorporation of public-sector assets [i.e., O and sustained growth. We present below a privatization], which until now have been used to summary of these points. make payments on the public debt. It would be able to contract long-term resources in international Encouraging investment, the motor of growth markets when favorable conditions exist for doing so, I propose three concrete actions for reactivating public acting prudently, and its resources would be used for investment and encouraging a significant volume of specific projects whose profitability would guarantee private investment: its ability to repay. • In the first year of my administration, increasing direct Foreign investment must continue to provide public investment by one fourth over the current level. complementary support to domestic investment, since it • Promoting a reform allowing for multi-year makes it possible to acquire cutting-edge technology budgeting of public investment. This would and representa a link with international trade and provide certainty for the financing of medium- and production flows. We will promote conditions of long-term projects. juridical security and equality allowing it to play this • Creating a Fund for Encouraging Investment. This complementary role fully. fund would provide investment projects with guarantees for obtaining financing at rates and Investment in education, training and health tempos that would be in line with their performance I make the commitment that during the coming and maturation rates. -
The Annual Report on the World's Most Valuable Cosmetics Brands April 2017
Cosmetics 50 2017 The annual report on the world’s most valuable cosmetics brands April 2017 Foreword Contents steady downward spiral of poor communication, Foreword 2 wasted resources and a negative impact on the bottom line. Definitions 4 Methodology 6 Brand Finance bridges the gap between the marketing and financial worlds. Our teams have Executive Summary 8 experience across a wide range of disciplines from market research and visual identity to tax and Full Table 12 accounting. We understand the importance of design, advertising and marketing, but we also Understand Your Brand’s Value 13 believe that the ultimate and overriding purpose of How We Can Help 14 brands is to make money. That is why we connect brands to the bottom line. Contact Details 15 By valuing brands, we provide a mutually intelligible language for marketers and finance teams. David Haigh, CEO, Brand Finance Marketers then have the ability to communicate the What is the purpose of a strong brand; to attract significance of what they do and boards can use customers, to build loyalty, to motivate staff? All the information to chart a course that maximises true, but for a commercial brand at least, the first profits. answer must always be ‘to make money’. Without knowing the precise, financial value of an asset, how can you know if you are maximising your Huge investments are made in the design, launch returns? If you are intending to license a brand, how and ongoing promotion of brands. Given their can you know you are getting a fair price? If you are potential financial value, this makes sense. -
PG 10-K 6/30/2014 Section 1: 10-K (10-K)
PG 10-K 6/30/2014 Section 1: 10-K (10-K) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark one) [x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended June 30, 2014 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-434 THE PROCTER & GAMBLE COMPANY One Procter & Gamble Plaza, Cincinnati, Ohio 45202 Telephone (513) 983-1100 IRS Employer Identification No. 31-0411980 State of Incorporation: Ohio Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, without Par Value New York Stock Exchange, NYSE Euronext-Paris Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes þ No o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes o No þ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).