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Page 1 Front PagePage 2 Stocks & BondsPage 3 Financial SummaryPage 4 Production Analysis
Cash Flow Statement Survey Andrews Baldwin Chester DigbyCash flows from operating activities Net Income (Loss) $4,740 $3,733 $13,022 $4,582Adjustment for non-cash items: Depreciation $9,042 $9,887 $6,264 $11,837 Extraordinary gains/losses/writeoffs $0 $0 $0 $0Changes in current assets and liabilities: Accounts payable ($1,546) $596 $1,437 $1,628 Inventory $6,948 ($3,891) $4,720 ($2,107) Accounts receivable $1,347 $132 ($2,832) ($1,636)Net cash from operations $20,531 $10,456 $22,611 $14,304
Cash flows from investing activities Plant improvements (net) ($38,804) ($40,900) ($9,580) ($34,660)Cash flows from financing activities Dividends paid $0 $0 ($6,494) $0Sales of common stock $0 $4,365 $0 $2,840Purchase of common stock $0 $0 ($1,609) $0Cash from long term debt issued $12,000 $17,789 $1,378 $14,263Early retirement of long term debt $0 $0 $0 $0Retirement of current debt ($15,717) ($25,523) ($18,445) ($29,281)Cash from current debt borrowing $0 $21,710 $13,971 $25,277Cash from emergency loan $0 $0 $0 $0
Net cash from financing activities ($3,717) $18,341 ($11,198) $13,098 Net change in cash position ($21,990) ($12,103) $1,833 ($7,259)
Balance SheetDEFINITIONS: Common Size: The common size columnsimply represents each item as a percentage of total assetsfor that year. Cash: Your end-of-year cash position.Accounts Receivable: Reflects the lag between deliveryand payment of your products. Inventories: The currentvalue of your inventory across all products. A zero indicatesyour company stocked out. Unmet demand would, ofcourse, fall to your competitors. Plant & Equipment: Thecurrent value of your plant. Accum Deprec: The totalaccumulated depreciation from your plant. Accts Payable:What the company currently owes suppliers for materialsand services. Current Debt: The debt the company isobligated to pay during the next year of operations. Itincludes emergency loans used to keep your companysolvent should you run out of cash during the year. LongTerm Debt: The company's long term debt is in the form ofbonds, and this represents the total value of your bonds.Common Stock: The amount of capital invested byshareholders in the company. Retained Earnings: Theprofits that the company chose to keep instead of paying toshareholders as dividends.
Total Liabilities $47,179 38.3% $52,442 Common Stock $12,081 9.8% $12,081Retained Earnings $64,060 51.9% $59,320
Total Equity $76,141 61.7% $71,401
Total Liab. & O. Equity $123,321 100.0% $123,844
Cash Flow StatementThe Cash Flow Statement examines what happened in the Cash Account during theyear. Cash injections appear as positive numbers and cash withdrawals as negativenumbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans.When negative cash flows exceed positives, you are forced to seek emergency funding.For example, if sales are bad and you find yourself carrying an abundance of excessinventory, the report would show the increase in inventory as a huge negative cash flow.Too much unexpected inventory could outstrip your inflows, exhaust your starting cash andforce you to beg for money to keep your company afloat.
Net cash from operations $20,531 $16,358Cash Flows from Investing Activities: Plant Improvements ($38,804) ($3,520)Cash Flows from Financing Activities: Dividends Paid $0 ($13,331)Sales of Common Stock $0 $0Purchase of Common Stock $0 ($1,935)Cash from long term debt $12,000 $0Retirement of long term debt $0 ($7,533)
Change in current debt (net)($15,717) $9,992
Net cash from financing activities ($3,717) ($12,807)Net change in cash position ($21,990) $31Closing cash position $10,451 $32,442
2014 Income Statement(Product Name:) Ark Able Acre Awe Na Na Na Na 2014
TotalCommon
SizeSales $32,118 $24,810 $50,233 $40,160 $0 $0 $0 $0 $147,320 100.0% Variable Costs: Direct Labor $7,480 $8,203 $18,386 $11,185 $0 $0 $0 $0 $45,255 30.7%Direct Material $12,671 $9,086 $20,405 $16,503 $0 $0 $0 $0 $58,664 39.8%Inventory Carry $0 $924 $1,073 $233 $0 $0 $0 $0 $2,230 1.5%Total Variable $20,151 $18,213 $39,864 $27,920 $0 $0 $0 $0 $106,149 72.1% Contribution Margin $11,967 $6,597 $10,369 $12,239 $0 $0 $0 $0 $41,172 27.9% Period Costs: Depreciation $1,142 $2,561 $3,853 $1,485 $0 $0 $0 $0 $9,042 6.1%SG&A: R&D $557 $967 $972 $455 $0 $0 $0 $0 $2,950 2.0% Promotions $1,300 $1,400 $1,200 $1,500 $0 $0 $0 $0 $5,400 3.7% Sales $1,200 $2,000 $1,000 $1,100 $0 $0 $0 $0 $5,300 3.6% Admin $496 $383 $775 $620 $0 $0 $0 $0 $2,274 1.5%Total Period $4,695 $7,311 $7,801 $5,159 $0 $0 $0 $0 $24,966 16.9% Net Margin $7,272 ($714) $2,568 $7,080 $0 $0 $0 $0 $16,206 11.0% Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold.Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straight-line 15-yeardepreciation of plant value. R&D Costs: R&D department expenditures for each product. Admin: Administrationoverhead is estimated at 1.5% of sales. Promotions: The promotion budget for each product. Sales: The sales forcebudget for each product. Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The feesinclude money paid to investment bankers and brokerage firms to issue new stocks or bonds plus consulting fees yourinstructor might assess. Write-offs include the loss you might experience when you sell capacity or liquidate inventory asthe result of eliminating a production line. If the amount appears as a negative amount, then you actually made money onthe liquidation of capacity or inventory. EBIT: Earnings Before Interest and Taxes. Short Term Interest: Interest expensebased on last year's current debt, including short term debt, long term notes that have become due, and emergencyloans. Long Term Interest: Interest paid on outstanding bonds. Taxes: Income tax based upon a 35% tax rate. ProfitSharing: Profits shared with employees under the labor contract. Net Profit: EBIT minus interest, taxes, and profitsharing.
Other $4,100 2.8%EBIT $12,106 8.2%Short Term Interest $0 0.0%LongTerm Interest $4,665 3.2%Taxes $2,604 1.8%Profit Sharing $97 0.1%Net Profit $4,740 3.2%
Balance SheetDEFINITIONS: Common Size: The common size columnsimply represents each item as a percentage of total assetsfor that year. Cash: Your end-of-year cash position.Accounts Receivable: Reflects the lag between deliveryand payment of your products. Inventories: The currentvalue of your inventory across all products. A zero indicatesyour company stocked out. Unmet demand would, ofcourse, fall to your competitors. Plant & Equipment: Thecurrent value of your plant. Accum Deprec: The totalaccumulated depreciation from your plant. Accts Payable:What the company currently owes suppliers for materialsand services. Current Debt: The debt the company isobligated to pay during the next year of operations. Itincludes emergency loans used to keep your companysolvent should you run out of cash during the year. LongTerm Debt: The company's long term debt is in the form ofbonds, and this represents the total value of your bonds.Common Stock: The amount of capital invested byshareholders in the company. Retained Earnings: Theprofits that the company chose to keep instead of paying toshareholders as dividends.
Total Liabilities $87,260 58.7% $72,689 Common Stock $18,743 12.6% $14,378Retained Earnings $42,545 28.6% $38,813
Total Equity $61,288 41.3% $53,191
Total Liab. & O. Equity $148,549 100.0% $125,879
Cash Flow StatementThe Cash Flow Statement examines what happened in the Cash Account during theyear. Cash injections appear as positive numbers and cash withdrawals as negativenumbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans.When negative cash flows exceed positives, you are forced to seek emergency funding.For example, if sales are bad and you find yourself carrying an abundance of excessinventory, the report would show the increase in inventory as a huge negative cash flow.Too much unexpected inventory could outstrip your inflows, exhaust your starting cash andforce you to beg for money to keep your company afloat.
Net cash from operations $10,456 $19,262Cash Flows from Investing Activities: Plant Improvements ($40,900) ($26,642)Cash Flows from Financing Activities: Dividends Paid $0 ($5,966)Sales of Common Stock $4,365 $0Purchase of Common Stock $0 $0Cash from long term debt $17,789 $15,610Retirement of long term debt $0 ($5,880)
Change in current debt (net)($3,812) $9,642
Net cash from financing activities $18,341 $13,406Net change in cash position ($12,103) $6,026Closing cash position $19,535 $31,638
2014 Income Statement(Product Name:) Buzz Brat Baker Bead Bid Na Na Na 2014
TotalCommon
SizeSales $25,597 $41,957 $25,632 $23,827 $0 $0 $0 $0 $117,012 100.0% Variable Costs: Direct Labor $3,679 $11,273 $5,216 $4,880 $0 $0 $0 $0 $25,048 21.4%Direct Material $9,170 $18,958 $11,088 $9,623 $0 $0 $0 $0 $48,839 41.7%Inventory Carry $353 $353 $336 $310 $0 $0 $0 $0 $1,353 1.2%Total Variable $13,202 $30,584 $16,640 $14,814 $0 $0 $0 $0 $75,240 64.3% Contribution Margin $12,395 $11,373 $8,992 $9,013 $0 $0 $0 $0 $41,772 35.7% Period Costs: Depreciation $3,500 $3,400 $1,600 $1,387 $0 $0 $0 $0 $9,887 8.4%SG&A: R&D $496 $947 $973 $977 $1,000 $0 $0 $0 $4,393 3.8% Promotions $1,000 $1,000 $1,000 $1,000 $0 $0 $0 $0 $4,000 3.4% Sales $1,000 $1,800 $900 $1,200 $0 $0 $0 $0 $4,900 4.2% Admin $408 $669 $408 $380 $0 $0 $0 $0 $1,865 1.6%Total Period $6,404 $7,816 $4,882 $4,943 $1,000 $0 $0 $0 $25,044 21.4% Net Margin $5,991 $3,557 $4,111 $4,070 ($1,000) $0 $0 $0 $16,728 14.3% Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold.Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straight-line 15-yeardepreciation of plant value. R&D Costs: R&D department expenditures for each product. Admin: Administrationoverhead is estimated at 1.5% of sales. Promotions: The promotion budget for each product. Sales: The sales forcebudget for each product. Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The feesinclude money paid to investment bankers and brokerage firms to issue new stocks or bonds plus consulting fees yourinstructor might assess. Write-offs include the loss you might experience when you sell capacity or liquidate inventory asthe result of eliminating a production line. If the amount appears as a negative amount, then you actually made money onthe liquidation of capacity or inventory. EBIT: Earnings Before Interest and Taxes. Short Term Interest: Interest expensebased on last year's current debt, including short term debt, long term notes that have become due, and emergencyloans. Long Term Interest: Interest paid on outstanding bonds. Taxes: Income tax based upon a 35% tax rate. ProfitSharing: Profits shared with employees under the labor contract. Net Profit: EBIT minus interest, taxes, and profitsharing.
Other $1,108 0.9%EBIT $15,621 13.3%Short Term Interest $2,432 2.1%LongTerm Interest $7,329 6.3%Taxes $2,051 1.8%Profit Sharing $76 0.1%Net Profit $3,733 3.2%
Balance SheetDEFINITIONS: Common Size: The common size columnsimply represents each item as a percentage of total assetsfor that year. Cash: Your end-of-year cash position.Accounts Receivable: Reflects the lag between deliveryand payment of your products. Inventories: The currentvalue of your inventory across all products. A zero indicatesyour company stocked out. Unmet demand would, ofcourse, fall to your competitors. Plant & Equipment: Thecurrent value of your plant. Accum Deprec: The totalaccumulated depreciation from your plant. Accts Payable:What the company currently owes suppliers for materialsand services. Current Debt: The debt the company isobligated to pay during the next year of operations. Itincludes emergency loans used to keep your companysolvent should you run out of cash during the year. LongTerm Debt: The company's long term debt is in the form ofbonds, and this represents the total value of your bonds.Common Stock: The amount of capital invested byshareholders in the company. Retained Earnings: Theprofits that the company chose to keep instead of paying toshareholders as dividends.
Total Liabilities $42,859 44.2% $44,518 Common Stock $8,799 9.1% $9,097Retained Earnings $45,256 46.7% $40,038
Total Equity $54,055 55.8% $49,135
Total Liab. & O. Equity $96,915 100.0% $93,653
Cash Flow StatementThe Cash Flow Statement examines what happened in the Cash Account during theyear. Cash injections appear as positive numbers and cash withdrawals as negativenumbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans.When negative cash flows exceed positives, you are forced to seek emergency funding.For example, if sales are bad and you find yourself carrying an abundance of excessinventory, the report would show the increase in inventory as a huge negative cash flow.Too much unexpected inventory could outstrip your inflows, exhaust your starting cash andforce you to beg for money to keep your company afloat.
Net cash from operations $22,611 $13,840Cash Flows from Investing Activities: Plant Improvements ($9,580) ($6,500)Cash Flows from Financing Activities: Dividends Paid ($6,494) ($4,506)Sales of Common Stock $0 $0Purchase of Common Stock ($1,609) ($1,840)Cash from long term debt $1,378 $5,663Retirement of long term debt $0 ($6,317)
Change in current debt (net)($4,473) $7,930
Net cash from financing activities ($11,198) $931Net change in cash position $1,833 $8,271Closing cash position $19,458 $17,624
2014 Income Statement(Product Name:) Cute Crimp Cake Cedar Na Na Na Na 2014
TotalCommon
SizeSales $37,540 $35,250 $39,879 $41,519 $0 $0 $0 $0 $154,188 100.0% Variable Costs: Direct Labor $11,694 $8,721 $9,236 $8,716 $0 $0 $0 $0 $38,368 24.9%Direct Material $16,075 $14,989 $16,319 $16,767 $0 $0 $0 $0 $64,150 41.6%Inventory Carry $0 $213 $629 $611 $0 $0 $0 $0 $1,453 0.9%Total Variable $27,769 $23,923 $26,184 $26,094 $0 $0 $0 $0 $103,971 67.4% Contribution Margin $9,771 $11,326 $13,694 $15,425 $0 $0 $0 $0 $50,217 32.6% Period Costs: Depreciation $1,691 $1,213 $1,587 $1,773 $0 $0 $0 $0 $6,264 4.1%SG&A: R&D $928 $1,000 $804 $804 $0 $0 $0 $0 $3,535 2.3% Promotions $1,250 $1,250 $1,250 $1,250 $0 $0 $0 $0 $5,000 3.2% Sales $900 $900 $800 $800 $0 $0 $0 $0 $3,400 2.2% Admin $298 $280 $316 $329 $0 $0 $0 $0 $1,223 0.8%Total Period $5,066 $4,643 $4,757 $4,956 $0 $0 $0 $0 $19,423 12.6% Net Margin $4,705 $6,683 $8,938 $10,468 $0 $0 $0 $0 $30,794 20.0% Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold.Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straight-line 15-yeardepreciation of plant value. R&D Costs: R&D department expenditures for each product. Admin: Administrationoverhead is estimated at 1.5% of sales. Promotions: The promotion budget for each product. Sales: The sales forcebudget for each product. Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The feesinclude money paid to investment bankers and brokerage firms to issue new stocks or bonds plus consulting fees yourinstructor might assess. Write-offs include the loss you might experience when you sell capacity or liquidate inventory asthe result of eliminating a production line. If the amount appears as a negative amount, then you actually made money onthe liquidation of capacity or inventory. EBIT: Earnings Before Interest and Taxes. Short Term Interest: Interest expensebased on last year's current debt, including short term debt, long term notes that have become due, and emergencyloans. Long Term Interest: Interest paid on outstanding bonds. Taxes: Income tax based upon a 35% tax rate. ProfitSharing: Profits shared with employees under the labor contract. Net Profit: EBIT minus interest, taxes, and profitsharing.
Other $6,343 4.1%EBIT $24,451 15.9%Short Term Interest $1,411 0.9%LongTerm Interest $2,597 1.7%Taxes $7,155 4.6%Profit Sharing $266 0.2%Net Profit $13,022 8.4%
Balance SheetDEFINITIONS: Common Size: The common size columnsimply represents each item as a percentage of total assetsfor that year. Cash: Your end-of-year cash position.Accounts Receivable: Reflects the lag between deliveryand payment of your products. Inventories: The currentvalue of your inventory across all products. A zero indicatesyour company stocked out. Unmet demand would, ofcourse, fall to your competitors. Plant & Equipment: Thecurrent value of your plant. Accum Deprec: The totalaccumulated depreciation from your plant. Accts Payable:What the company currently owes suppliers for materialsand services. Current Debt: The debt the company isobligated to pay during the next year of operations. Itincludes emergency loans used to keep your companysolvent should you run out of cash during the year. LongTerm Debt: The company's long term debt is in the form ofbonds, and this represents the total value of your bonds.Common Stock: The amount of capital invested byshareholders in the company. Retained Earnings: Theprofits that the company chose to keep instead of paying toshareholders as dividends.
Total Liabilities $102,282 62.2% $90,396 Common Stock $27,509 16.7% $24,669Retained Earnings $34,713 21.1% $30,131
Total Equity $62,222 37.8% $54,800
Total Liab. & O. Equity $164,505 100.0% $145,197
Cash Flow StatementThe Cash Flow Statement examines what happened in the Cash Account during theyear. Cash injections appear as positive numbers and cash withdrawals as negativenumbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans.When negative cash flows exceed positives, you are forced to seek emergency funding.For example, if sales are bad and you find yourself carrying an abundance of excessinventory, the report would show the increase in inventory as a huge negative cash flow.Too much unexpected inventory could outstrip your inflows, exhaust your starting cash andforce you to beg for money to keep your company afloat.
Net cash from operations $14,304 $15,964Cash Flows from Investing Activities: Plant Improvements ($34,660) ($15,800)Cash Flows from Financing Activities: Dividends Paid $0 ($12,582)Sales of Common Stock $2,840 $0Purchase of Common Stock $0 $0Cash from long term debt $14,263 $9,570Retirement of long term debt $0 ($7,533)
Change in current debt (net)($4,005) $7,083
Net cash from financing activities $13,098 ($3,463)Net change in cash position ($7,259) ($3,299)Closing cash position $25,465 $32,723
2014 Income Statement(Product Name:) Dug Drat Deal Dell Na Na Na Na 2014
TotalCommon
SizeSales $39,121 $40,932 $33,379 $38,449 $0 $0 $0 $0 $151,882 100.0% Variable Costs: Direct Labor $9,838 $10,087 $8,776 $10,488 $0 $0 $0 $0 $39,189 25.8%Direct Material $17,027 $18,314 $13,817 $16,928 $0 $0 $0 $0 $66,087 43.5%Inventory Carry $203 $271 $426 $552 $0 $0 $0 $0 $1,452 1.0%Total Variable $27,069 $28,672 $23,019 $27,968 $0 $0 $0 $0 $106,728 70.3% Contribution Margin $12,053 $12,260 $10,360 $10,481 $0 $0 $0 $0 $45,154 29.7% Period Costs: Depreciation $2,800 $3,333 $2,604 $3,100 $0 $0 $0 $0 $11,837 7.8%SG&A: R&D $1,000 $1,000 $896 $891 $0 $0 $0 $0 $3,788 2.5% Promotions $1,150 $1,150 $1,150 $1,150 $0 $0 $0 $0 $4,600 3.0% Sales $1,000 $1,000 $700 $700 $0 $0 $0 $0 $3,400 2.2% Admin $517 $541 $441 $508 $0 $0 $0 $0 $2,006 1.3%Total Period $6,467 $7,024 $5,791 $6,349 $0 $0 $0 $0 $25,631 16.9% Net Margin $5,586 $5,236 $4,569 $4,132 $0 $0 $0 $0 $19,523 12.9% Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold.Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straight-line 15-yeardepreciation of plant value. R&D Costs: R&D department expenditures for each product. Admin: Administrationoverhead is estimated at 1.5% of sales. Promotions: The promotion budget for each product. Sales: The sales forcebudget for each product. Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The feesinclude money paid to investment bankers and brokerage firms to issue new stocks or bonds plus consulting fees yourinstructor might assess. Write-offs include the loss you might experience when you sell capacity or liquidate inventory asthe result of eliminating a production line. If the amount appears as a negative amount, then you actually made money onthe liquidation of capacity or inventory. EBIT: Earnings Before Interest and Taxes. Short Term Interest: Interest expensebased on last year's current debt, including short term debt, long term notes that have become due, and emergencyloans. Long Term Interest: Interest paid on outstanding bonds. Taxes: Income tax based upon a 35% tax rate. ProfitSharing: Profits shared with employees under the labor contract. Net Profit: EBIT minus interest, taxes, and profitsharing.
Other $855 0.6%EBIT $18,668 12.3%Short Term Interest $2,907 1.9%LongTerm Interest $8,567 5.6%Taxes $2,518 1.7%Profit Sharing $94 0.1%Net Profit $4,582 3.0%