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1、Lecture5FinancialStatements,CashFlow,andTaxesAnalysisofFinancialStatementsAB12011FinancialStatements,CashFlow,andTaxesKeyFinancialStatementsBalanceSheetIncomeStatementStatementofStockholders’EquityStatementofCashFlowsFreeCashFlowBriefnoteontaxesChapter22-2TheAnnualReportBalances
2、heet–providesasnapshotofafirm’sfinancialpositionatonepointintime.Incomestatement–summarizesafirm’srevenuesandexpensesoveragivenperiodoftime.Statementofstockholders’equity–showshowmuchofthefirm’searningswereretained,ratherthanpaidoutasdividends.Statementofcashflows–reportstheimpa
3、ctofafirm’sactivitiesoncashflowsoveragivenperiodoftime.2-3Case:EvereliteTechnologyCo.,LtdCaseisfoundattheendofChapter2EvereliteTechnologyEstablishedin1994OneofthemostsuccessfulITsolutionprovidersofsoftwareandservicesCustomersmainlyfromfinanceindustry,manufacturingindustry,andgov
4、ernmentDuetothefinancialcrisisduring2008,demandandrevenuesufferedTask:Youareinvitedtohelpevaluatethecompany’sfinancialstatus2-4BalanceSheet:Assets2-520082007Cash$208,323$102,024Accountsreceivable690,294824,979Inventories942,374715,414Totalcurrentassets$1,840,991$1,642,417Grossfi
5、xedassets317,503226,674Lessaccumulateddepreciation54,04528,682Netfixedassets$263,458$197,992Totalassets$2,104,449$1,840,409BalanceSheet:LiabilitiesandEquity2-620082007Short-termBorrow$288,798$296,149Accountspayable636,318414,611Accruals106,748103,362Totalcurrentliabilities$1,031
6、,864$814,122Long-termdebt410,769372,931Commonstock(100,000shares)550,000550,000Retainedearnings111,816103,356Totalequity$661,816$653,356Totalliabilitiesandequity$2,104,449$1,840,409IncomeStatement2-720082007Sales$2,325,967$2,220,607Costofgoodssold1,869,3261,655,827Otherexpenses2
7、87,663273,870Totaloperatingcostsexcludingdepreciationandamortization$2,156,989$1,929,697Depreciationandamortization25,36326,341EBIT$143,615$264,569Interestexpense31,42213,802EBT$112,193$250,767Taxes(40%)44,877100,307Netincome$67,316$150,460OtherData2-820082007EPS$0.67$1.50DPS$1.
8、00$1.42Bookvaluepershare$6.62$6.53Stockprice$15
