Chapter_03_04 - Chapter3 FinancialStatements,Cash...

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Financial Statements, Cash  Flow, and Taxes § Key Financial Statements §    Balance Sheet  §   Income Statement §   Statement of Stockholders’ Equity §   Statement of Cash Flows § Free Cash Flow Chapter 3 13-1
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Financial Statements A c c r u a l - b a s e d Revenues are recorded at the point of sale and costs when they are incurred, not necessarily when a firm receives or pays out cash. C a s h f l o w Used by financial professionals to focus attention on current and prospective inflows and outflows of cash. 23-2
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33 Financial Statements Statement of Retained Earnings Balance Sheet Income Statement Statement of Cash Flows Notes to Financial Financial  Statements
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The Annual Report § Balance sheet – provides a snapshot of a  firm’s financial position at one point in time. § Income statement – summarizes a firm’s  revenues and expenses over a given period  of time. § Statement of stockholders’ equity – shows  how much of the firm’s earnings were  retained, rather than paid out as dividends. 43-4
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Balance Sheet: Assets    Cash A/R Inventories Total CA Gross FA Less: Dep. 53-5       2008 7,282   632,160 1,287,360 1,926,802 1,202,950     263,160     939,790 2,866,592     2007 57,600 351,200     715,200 1,124,000 491,000     146,200     344,800 1,468,800
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Balance Sheet: Liabilities and  Accts payable Notes payable Accruals Total CL Long-term debt Common stock 63-6       2008 524,160   636,808     489,600 1,650,568 723,432 460,000       32,592     492,592     2007 145,600 200,000     136,000 481,600 323,432 460,000     203,768     663,768
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Income Statement 73-7   2008  2007  Sales      $6,034,000      $3,432,000  COGS      5,528,000      2,864,000  Other expenses      519,988       358,672   Total oper.costs excl.        $6,047,988        $3,222,672  Depreciation and amortization      116,960       18,900   EBIT    ($  130,948)    $  190,428  Interest expense      136,012       43,828   EBT    ($  266,960)    $  146,600  Taxes      (106,784 )      58,640   Net income    ($  160,176 )    87,960  
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Other Data No. of shares EPS DPS Stock price Lease pmts 83-8      2008 100,000 -$1.602 $0.11 $2.25 $40,000      2007 100,000 $0.88 $0.22 $8.50 $40,000
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This note was uploaded on 04/19/2011 for the course BUSFIN 1030 taught by Professor Zutter during the Summer '08 term at Pittsburgh.

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Chapter_03_04 - Chapter3 FinancialStatements,Cash...

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