Period Ending 2014 2013 2012 Total Revenue $90,762,000 $86,623,000 $81,698,000 Cost of Revenue $76,752,000 $73,268,000 $68,665,000 Gross Profit $14,010,000 $13,355,000 $13,033,000 Operating Expenses $3,047,000 $3,071,000 $3,298,000 $3,480,000 $3,742,000 $3,449,000 Operating Income $7,473,000 $6,562,000 $6,290,000 Add'l income/expense items ($13,000) $76,000 $66,000 $7,470,000 $6,618,000 $6,352,000 Interest Expense $333,000 $386,000 $442,000 Earnings Before Tax $7,137,000 $6,232,000 $5,910,000 Income Tax $1,691,000 $1,646,000 $2,007,000 Net Income $5,446,000 $4,586,000 $3,903,000 $5,446,000 $4,585,000 $3,900,000 1. Research and Development 2. Sales, General and Admin. Earnings Before Interest and Tax Net Income Applicable to Common Shareholders
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Comparative Income Statement
Period Ending 2014 2013 2012
Total Revenue $90,762,000 $86,623,000 $81,698,000 Cost of Revenue $76,752,000 $73,268,000 $68,665,000
From the balance sheet we can find cash and cash equivalent has been increased from 2011 to 2012 then it further decreases in 2013 and increases in 2014. So company has maximum cash compared with other years. So company can pay its liability
easily. In terms of Inventory it is decreased slowly. So sales
are reduced.In terms of Fixed asset we can find changes is
positive (increased manner) and highest at 2014.If we see current liability, it is increased in between
and then decreased but overall figure in 2014 is higher than 2011. Means they paid their liability due
to increase in sales. If we look into Loan fund it is decreased initially and then increases finally. This means owners has more
share than its creditor and after that loan fund increases, so there is a rise in Loan fund.
Owners fund initially increases due to decrease in Loan Fund and Owner’s fund is further reduced due
to increase in Total Loan Fund.
Common Size Income Statement
Period Ending YEAR1PARTICULARS 12/31/2014 12/31/2013 12/31/2012 12/31/2011 2014
If we saw Gross Profit, it is increases because cost of revenue decreases. Cost of revenue decreases means expenses decreases due to this Gross Profit increaes. Operating Income increases because operating expenses decreases. Net income increases it happened becauses company reduced their expenses.
If we saw Gross Profit, it is increases because cost of revenue decreases. Cost of revenue decreases means expenses decreases due to this Gross Profit increaes. Operating Income increases because operating expenses decreases. Net income increases it happened becauses company reduced their expenses.
From the above balance sheet we clearly see that cash and cash equivalents is -8% in 2012-2011. It is further decreases -18.61% in 2013-2012 and after that it is increased to 17.08% in 2014-2013. It shows that company have highest cash in 2014 year it means they have paid their liabilities very easily. And they got short term loans very easily. If we
inventory row then it is 5.09% in 2012-11 year and it is increses to 8.30 % in 2013-12 years it shows that it sales increases and in 2014-13 it is dip
into 1.75% which shows that it sales decreases. If we see the fixed assets then it is increases in 2013-12 from 2012-11. It means company may bought lands or plant & machinery. But in 2014-13 years it is decrease from 1.51% to 0.56%. It means in this year company
sold his fixed assets i.e. land or plant & machines. In Account Payable it is increases from 0.66%(2012-11) to 9.08%(2013-12), it means they paid their liabilities more. But in 2014-13 year it is decreases
which may shows that it bought goods on credit less compare to other year. Due to this total Current Liability increases previously and after that
it is decreases, means they paid their liabilities more because their net sales also increases.
Total Loan Funds initially decreases which means owners have more share in the company compare to creditors (if we see total owners fund from
2012-11 to 2013-12 then we came to know it happened because total loan fund decfreases) , after that loan fund increases it means it take more raw
material from credits and treasury stock also increases .If we see the total owner's fund it is decreases (from 2013-12 to 2014-13)
because loan fund increases.Now finally if we saw working capital then it is decreases initially because current assets is not increases exponentially and in 2014-13 current assets is decreases therefore percentage change in working capital is negative.
Trend Analysis of Income Statement of BoeingPeriod Ending 2014 2013 2012PARTICULARS AMOUNT PERCENTAGE AMOUNT PERCENTAGE AMOUNTTotal Revenue $90,762,000 132% $86,623,000 126% $81,698,000
As we can see gross profit is increasing as operating expenses are decreasing. So the company is more stable. Operating Income increases because operating expenses decreases. Net income increases it happened becauses company reduced their expenses.
Total
Reven
ue
Cost of R
even
ue
Gross
Profit
Researc
h and Dev
elopmen
t
Sales
, Gen
eral a
nd Admin.
Operating I
ncome
Add'l inco
me/exp
ense
items
Earn
ings Befo
re Inter
est an
d Tax
Interest
Expen
se
Earn
ings Befo
re Ta
x
Income T
ax
Net Inco
me
Net Inco
me Applica
ble to Common Sh
areholders-40%
-20%0%
20%40%60%80%
100%120%140%160%
2014201320122011
As we can see gross profit is increasing as operating expenses are decreasing. So the company is more stable. Operating Income increases because operating expenses decreases. Net income increases it happened becauses company reduced their expenses.
Trend Analysis of Balance Sheet of BoeingPeriod Ending 2014 2013 2012PARTICULARS AMOUNT PERCENTAGE AMOUNT PERCENTAGE AMOUNT
As per data available, Current asset have been increasing continiously since 2011 to 2014, which
represents Company's current asset are increasing at higher ratio as compared to current liablity except
for the year 2014. As per percentage derived for long term asset, we see there is a
increase in every year except 2013. So company is increasing its long term asset and it could be derived that company is in a good health and it's expanding.
If we look into Loan fund it is increased initially and then decreases. This means owners has less share than its creditor and after that loan fund
decreases, there is a fall in Loan fund. Owners fund is increased rapidly for two years, means
owners has more rights over the company than the creditors and later it decreases in 2014 which shows
opposite scenario of this.
144% $8,536,000 100%
Total Current Assets Total Current Liabilities WORKING CAPITAL Total Long-Term Assets Total Loan Fund Total Owners' Fund0%
50%
100%
150%
200%
250%
300%
350%
400%
450%
2014201320122011
As per data available, Current asset have been increasing continiously since 2011 to 2014, which
represents Company's current asset are increasing at higher ratio as compared to current liablity except
for the year 2014. As per percentage derived for long term asset, we see there is a
increase in every year except 2013. So company is increasing its long term asset and it could be derived that company is in a good health and it's expanding.
If we look into Loan fund it is increased initially and then decreases. This means owners has less share than its creditor and after that loan fund
decreases, there is a fall in Loan fund. Owners fund is increased rapidly for two years, means
owners has more rights over the company than the creditors and later it decreases in 2014 which shows
opposite scenario of this.
Total Revenue 2014 2013 2012
Cost of Revenue AMOUNT PERCENTAGE AMOUNT PERCENTAGE AMOUNT PERCENTAGE