ch02_v2.1_090705 - 2-1Financial Statements, Cash Flow, and...

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Unformatted text preview: 2-1Financial Statements, Cash Flow, and TaxesBalance sheet Income statementStatement of cash flowsAccounting income vs. cash flowMVA and EVAFederal tax system2-2The Annual ReportBalance sheet provides a snapshot of a firms financial position at one point in time.Income statement summarizes a firms revenues and expenses over a given period of time.Statement of retained earnings shows how much of the firms earnings were retained, rather than paid out as dividends.Statement of cash flows reports the impact of a firms activities on cash flows over a given period of time.2-3AssetsLiabilities and Shareholders EquityItem20022001Item20022001Cash & Equivalents$10$80Accounts Payable$60$30Accounts Receivables 375315Notes Payable11060Inventories615415Accrued Wages & Taxes140130Total Current Assets1000810Total Current Liabilities310220Fixed Assets, net1000870Long Term debt754580Preferred Stock (400,000)4040Common Stock (50,000,000)130130Retained Earnings766710Total Assets$2000$168Total Liabilities and $2000$1680Balance Sheet2-4Income StatementItem20022001Net Sales$3000.0$2850.0Operating Costs excl. DA2616.22497.0EBITDA 383.8353.0Depreciation and Amortization100.090.0EBIT$283.8$263.0 Interest88.060.0EBT$195.8$203.0Taxes (40%)78.381.2Earnings before Preferred Dividends $117.5$121.8Preferred Dividends4.04.0Net Income$113.5$117.8Common Dividends57.553.0Addition in Retained Earnings56.0 64.82-5Per share DataPer Share Data:20022001Common Stock PriceEPSDPSBVPSCFPS2-6...
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ch02_v2.1_090705 - 2-1Financial Statements, Cash Flow, and...

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