COMM 203 - F18 - C02 - Fin St CF Tax.pptx

2145 21710 we are finally able to compute the cash

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$2,145 $21,710 We are finally able to compute the cash flow from assets. We have We reach the last part of the exercise. We need to find the dividends paid . We have We start by calculating the cash flow to bondholders 2016 $18,315 $2,315 $20,630 $52,195 $24,510 $85,060 $182,395 2017 $21,950 $2,190 $24,140 $49,915 $25,890 $96,220 $196,165 TCF CF to Shareholders CF to Bondholders t t t TCF OCF NWC Net Cap Spending t t t t   2017 STC TCF 72,025 ( 6,915) 54,515   2017 STC TCF $24,425
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Financial Statements Cash Flow $12,315 $38,490 $4,335 $24,140 Saskatchefun Toy Co. (STC) Current Assets Cash Accounts Receivable Inventory Total Fixed Assets Intangible Assets Net, Plant and Equipment Total Assets Current Liabilities Accounts Payable Notes Payable Total Long-term Debt Shareholders’ Equity Common Shares Retained Earnings Total Liabilities & Equity 2016 $12,315 $7,490 $4,335 $24,140 $34,710 $123,545 $182,395 2017 $7,485 $10,310 $2,940 $20,735 $34,710 $140,720 $196,165 Depreciation EBIT Interest Paid Taxes $37,340 $56,395 $2,145 $21,710 We have The positive value denotes that STC is managing well its finances. Now we examine the shareholders 2016 $18,315 $2,315 $20,630 $52,195 $24,510 $85,060 $182,395 2017 $21,950 $2,190 $24,140 $49,915 $25,890 $96,220 $196,165 2017 2017 2016 STC STC STC Borrowing Borrowing Borrowing 2017 STC Borrowing 49,915 52,195 2017 STC Borrowing $2,280    CF to Bondholders Interest Paid Borrowing t t t   CF to Bondholders Interest Paid Borrowing t t t   2017 STC CF to Bondholders 2,145 ( 2,280)   2017 STC CF to Bondholders $4,425
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Formula on Cash Flow Identity Financial Statements Cash Flow $12,315 $38,490 $4,335 $24,140 Saskatchefun Toy Co. (STC) Current Assets Cash Accounts Receivable Inventory Total Fixed Assets Intangible Assets Net, Plant and Equipment Total Assets Current Liabilities Accounts Payable Notes Payable Total Long-term Debt Shareholders’ Equity Common Shares Retained Earnings Total Liabilities & Equity 2016 $12,315 $7,490 $4,335 $24,140 $34,710 $123,545 $182,395 2017 $7,485 $10,310 $2,940 $20,735 $34,710 $140,720 $196,165 Depreciation EBIT Interest Paid Taxes $37,340 $56,395 $2,145 $21,710 2016 $18,315 $2,315 $20,630 $52,195 $24,510 $85,060 $182,395 2017 $21,950 $2,190 $24,140 $49,915 $25,890 $96,220 $196,165 With that information in hand, we proceed TCF CF to Shareholders CF to Bondholders t t t 2017 2017 2017 STC STC STC CF to Shareholders TCF CF to Bondholders 2017 STC CF to Shareholders 24,425 4,425 2017 STC CF to Shareholders $20,000 CF to Shareholders Dividends Comm Shrs t t t   2017 2017 2016 STC STC STC Comm Shrs Comm Shrs Comm Shrs 2017 STC Comm Shrs 25,890 24,510 2017 STC Comm Shrs $1,380 
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Financial Statements Cash Flow $12,315 $38,490 $4,335 $24,140 Saskatchefun Toy Co. (STC) Current Assets Cash Accounts Receivable Inventory Total Fixed Assets Intangible Assets Net, Plant and Equipment Total Assets Current Liabilities Accounts Payable Notes Payable Total Long-term Debt
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