DCF - Integrated Financial Statements Company Name(000s...

Integrated Financial Statements
Company Name
(000s)
Historical Historical Projected Projected Projected Projected Projected
INCOME STATEMENT 20X1 20X2 20X3 20X4 20X5 20X6 20X7
Revenue 74,452 83,492 91,841 101,025 111,128 122,241 134,465
Growth (%) NA 12.1% 10.0% 10.0% 10.0% 10.0% 10.0%
Cost of Goods Sold 64,440 72,524 79,634 87,597 96,357 105,992 116,592
% of Sales 86.6% 86.9% 86.7% 86.7% 86.7% 86.7% 86.7%
Gross Profit 10,012 10,968 12,208 13,428 14,771 16,248 17,873
% of Sales 13.4% 13.1% 13.3% 13.3% 13.3% 13.3% 13.3%
Operating Expenses (SG&A) 6,389 6,545 7,540 8,294 9,124 10,036 11,040
% of Sales 8.6% 7.8% 8.2% 8.2% 8.2% 8.2% 8.2%
Operating Income (EBIT) 3,623 4,423 4,667 5,134 5,647 6,212 6,833
Interest Expense 1,600 1,600 800 800 800 800 800
Pretax Income 2,023 2,823 3,867 4,334 4,847 5,412 6,033
Income Tax Expense 708 988 1,354 1,517 1,697 1,894 2,112
Tax Rate NM NM 35.0% 35.0% 35.0% 35.0% 35.0%
Net Income 1,315 1,835 2,514 2,817 3,151 3,518 3,922
Operating Income (EBIT) 3,623 4,423 4,667 5,134 5,647 6,212 6,833
Depreciation 662 745 818 900 990 1,089 1,198
Amortization 0 0 0 0 0 0 0
EBITDA 4,285 5,168 5,485 6,034 6,637 7,301 8,031
BALANCE SHEET 20X1 20X2 20X3 20X4 20X5 20X6 20X7
Current Assets
Cash 6,773 7,000 8,739 10,622 12,768 15,210 17,987
Accounts Receivable 7,750 8,852 9,649 10,614 11,675 12,842 14,127
Inventory 4,800 5,700 6,095 6,705 7,375 8,113 8,924
Prepaid Expenses 456 1,849 1,849 1,849 1,849 1,849 1,849
Total Current Assets 19,779 23,401 26,331 29,789 33,667 38,014 42,886
Fixed Assets
PP&E, Net of Accum. Depreciation 5,457 5,466 5,548 5,623 5,683 5,719 5,721
TOTAL ASSETS 25,236 28,867 31,879 35,412 39,350 43,733 48,607
Current Liabilities
Accounts Payable 5,665 6,656 7,155 7,870 8,657 9,523 10,475
Line of Credit 0 0 0 0 0 0 0
Current Maturities of Long Term Debt 0 0 0 0 0 0 0
Total Current Liabilities 5,665 6,656 7,155 7,870 8,657 9,523 10,475
Long Term Liabilities
Long Term Debt, Net of Current Maturities 10,000 10,000 10,000 10,000 10,000 10,000 10,000
TOTAL LIABILITIES 15,665 16,656 17,155 17,870 18,657 19,523 20,475
Common Stock 15 15 15 15 15 15 15
Additional Paid In Capital 5,000 5,000 5,000 5,000 5,000 5,000 5,000
Retained Earnings 4,556 7,196 9,710 12,527 15,678 19,195 23,117
TOTAL EQUITY 9,571 12,211 14,725 17,542 20,693 24,210 28,132
TOTAL LIABILITIES & EQUITY 25,236 28,867 31,879 35,412 39,350 43,733 48,607
Check 0.0 0.0 0.0 0.0 0.0 0.0 0.0
BALANCE SHEET ASSUMPTIONS
AR Days 38 39 38 38 38 38 38
Inventory Days 27 29 28 28 28 28 28
AP Days 32 33 33 33 33 33 33
CASH FLOW STATEMENT 20X1 20X2 20X3 20X4 20X5 20X6 20X7
CASH FLOW FROM OPERATING ACTIVITIES
Net Income 2,514 2,817 3,151 3,518 3,922
Add Back Non-Cash Items
Depreciation 818 900 990 1,089 1,198
Amortization 0 0 0 0 0
Changes in Working Capital
Accounts Receivable (797) (965) (1,061) (1,167) (1,284)
Inventory (395) (610) (670) (738) (811)
Accounts Payable 499 715 787 866 952
Net Cash Provided by Operating Activities 2,639 2,858 3,196 3,568 3,976
CASH FLOW FROM INVESTING ACTIVITIES
Capital Expenditures - Purchase of PP&E (900) (975) (1,050) (1,125) (1,200)
Net Cash Used in Investing Activities (900) (975) (1,050) (1,125) (1,200)
CASH FLOW FROM FINANCING ACTIVITIES
Revolving Credit Facility (Line of Credit) 0 0 0 0 0
Long Term Debt 0 0 0 0 0
Net Cash Provided by (Used in) Fnce Activities 0 0 0 0 0
Net Cash Flow 1,739 1,883 2,146 2,443 2,776
Beginning Cash Balance 7,000 8,739 10,622 12,768 15,210
Ending Cash Balance 8,739 10,622 12,768 15,210 17,987
Supporting Schedules
Company Name
(000s)
DEBT SCHEDULE