Lecture 3 - L ecturer 3 Accounting for Corporate Finance: W...

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Lecturer 3 Accounting for Corporate Finance: Working With Financial Statements (Ch.3) McGraw-Hill/Irwin
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Sources and Uses of Cash Sources Cash inflow – activities that generate cash Uses Cash outflow – activities that involve spending cash 3-2
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Sample Balance Sheet 2009 2008 2009 2008 Cash 696 58 Accounts Payable 307 303 Accounts Receivable 956 992 Notes Payable 26 119 Inventory 301 361 Other CL 1,662 1,353 Other CA 303 264 Total CL 1,995 1,775 Total CA 2,256 1,675 LT Debt 843 1,091 Net FA 3,138 3,358 Common Stock 2,556 2,167 Total Assets 5,394 5,033 Total Liab. 5,394 5,033 Numbers in millions of dollars 3-3
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Sample Income Statement Revenues 5,000 Cost of Goods Sold (2,006) Expenses (1,740) Depreciation (116) EBIT 1,138 Interest Expense (7) Taxable Income 1,131 Taxes (442) Net Income 689 Earnings per share 3.61 Dividends per share 1.08 There are 190.9 million shares outstanding 3-4
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Statement that summarizes the sources and uses of cash
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Lecture 3 - L ecturer 3 Accounting for Corporate Finance: W...

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