Integrated Financial Statement Exercise

Balance Sheet Income Statement 1/1/13-12/31/13 Cash Flow Statement 1/1/13-12/31/13

12/31/12 12/31/13
ASSETS Net Revenues 1,340.30 Net Income 422.70
Cash and equivalents 34.60 Cost of Goods Sold (COGS) 432.40 Depreciation and amortization
Accounts Receivable 74.80 82.40 Selling, general, & Administrative 123.40 Changes in working capital
Inventories 132.60 145.70 Research and development 56.30 Accounts Receivable
Total Current Assets 242.00 Depreciation & Amortization
1
20.00 Inventories
Other operating expenses 12.30 Accounts payable
PP&E 212.70 259.30 Net Interest expense 45.60 Deferred taxes
Goodwill & Intangibles 34.20 42.50 Pretax income 650.30 Cash from operations
Deferred Taxes 12.60 34.60 Income tax expense (35%) 227.61
Other Long Term Assets 123.90 145.30 Net income 422.70 Capital expenditures
Total Assets 625.40 709.80 Dividends
2
31.40 Increases in all other long-term assets
1
Amortization expense equals $5m Cash from investing
LIABILITIES
2
Assume all dividends were cash dividends
Accounts payable 120.50 130.50 Increase in bank loan
Notes payable 23.50 34.20 Increase in long term debt
Current portion of LTD 49.60 68.40 Increase in preferred stock
Current Liabilities 193.60 233.10 Increase in common stock
Increase in APIC
Long-term debt 214.00 214.00 Increase in Treasury stock
Deferred taxes 43.50 52.30 Dividends
Total Liabilities 451.10 499.40 Cash from financing
Shareholder's equity Beginning cash balance (12/2012)
Preferred Stock 12.40 13.50 Total change in cash
Common Stock par value 5.60 7.40 Ending cash balance (12/2013)
Additional paid-in-capital 146.40 163.50
Treasury Stock (112.30) (123.20)
Retained Earnings 122.20 513.50
Total liabilities and SE 625.40 1,074.10
PP&E (BOP) 212.70
Less: Depreciation (15.00)
Plus: Capx ?
PPE (EOP) 259.30
Intangibles and GW (BOP) 34.20
Amortization 5.00
New purchases ?
Intangibles and GW (EOP) 42.50