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Construct Financial Statements & Analysis: Balance Sheet, Cashflow, & Income Statement Format
The following information is based on the Balance sheet, Cashflow, & Income statement of Smith Novelty
Company, Inc. a US company, which is planning for an IPO in the very near future, for the year ended December
31, 2018. Smith Novelty Company, Inc. applies U.S. GAAP and reports its results in thousands of dollars.
Line Item Title
31-Dec-18
86,235
Accounts payable
Accounts receivable
63,130
11,560
Accrued bonus
Accrued expenses and other current liabilities
11,955
Accumulated Deficit
(648,360)
Additional paid-in capital
439,605
Capital lease obligations and other long-term liabilities
2,020
Cash and cash equivalents
271,355
Cash and cash equivalents at the beginning of the period
195,175
Cash and cash equivalents at the end of the period
271,355
Cash paid for interest
4,620
Cash paid for taxes
20
Common stock, par value $0.0001 per share-293,348,000 shares authorized
5
and 34,756,750 shares issued and outstanding at December 31, 2018
Convertible preferred stock
997,700
Cost of goods sold
351,800
Depreciation and amortization
24,605
Equipment loan
25,000
Income tax expense
5
Interest expense
(5,640)
Inventory
151,285
Long-term portion of bank term loan
96,940
Net change in operating assets and liabilities
(81,510)
Net revenues
439,670
Non-cash investing and financing activities
11,120
Operating expenses not requiring cash
17,730
Other expenses, net
(3,840)
Other non-current assets, net
1,980
Prepaid expenses and other current assets
28,360
Proceeds and payments from stock transactions
265,770
Proceeds, repayments, and payments of debt (including issuance costs)
115,225
Property, plant, and equipment, net
152,635
Purchases (including security deposits) and sales of PPE
(116,210)
Research and development expenses
47,935
Restructuring expenses
Revolving credit line
7,575
30,000
Selling, general and administrative expenses
Short-term capital lease liabilities
172,305
Stock warrant liability
220
Wages payable
9,590
6,275

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