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Company A Financials Annual Data

COMPANY A Three-Year Data

A_CO_FIN Learner Copy Rev 6/19/21
COMPANY A
Illustrative Data for Educational Purposes
All values shown are in thousands.
2017 2018 2019
Income Statement
Revenue 27,981 28,772 29,580
Cost of Goods Sold (COGS) 15,389 18,997 16,285
Gross Profit 12,592 9,775 13,295
Expenses
Salaries and Benefits 4,510 4,500 4,480
Rent and Overhead 1,804 1,804 1,804
Depreciation and Amortization 2,814 2,806 2,806
Interest 900 900 900
Total Expenses 10,028 10,010 9,990
Earnings Before Tax 2,564 (235) 3,305
Taxes 718 (65) 925
Net Earnings 1,846 (170) 2,380
2017 2018 2019
Balance Sheet
Assets
Cash 62,265 61,708 44,319
Accounts Receivable 1,380 1,419 1,460
Inventory 3,078 3,799 3,257
Property and Equipment 37,413 37,408 37,403
Total Assets 104,136 104,334 86,439
Liabilities
Accounts Payable 1,560 1,926 1,651
Debt 30,000 30,000 10,000
Total Liabilities 31,560 31,926 11,651
Shareholders’ Equity
Equity Capital 33,685 33,685 33,685
Retained Earnings 38,891 38,723 41,103
Shareholders’ Equity 72,576 72,408 74,788
Total Liabilities and Shareholders’ Equity 104,136 104,334 86,439
2017 2018 2019
Cash Flow Statement
Operating Cash Flow
Net Earnings 1,846 (170) 2,380
Plus: Depreciation and Amortization 2,814 2,806 2,806
Less: Changes in Working Capital (10,312) 394 (226)
Cash from Operations 14,972 2,242 5,411
Investing Cash Flow
Sales (Investments) in Property and Equipment 2,706 (2,800) (2,800)
Cash from Investing 2,706 (2,800) (2,800)
Financing Cash Flow
Issuance (repayment) of Debt (20,000)
Issuance (repayment) of Equity
Cash from Financing (20,000)
Net Increase (decrease) in Cash 17,678 (558) (17,389)
Opening Cash Balance 44,587 62,265 61,708
Closing Cash Balance 62,265 61,708 44,319
Supporting Schedules
Working Capital Schedule
Accounts Receivable 1,380 1,419 1,460
Inventory 3,078 3,799 3,257
Accounts Payable 1,560 1,926 1,651
Net Working Capital (NWC) 2,898 3,292 3,066
Change in NWC (10,312) 394 (226)
Depreciation Schedule
PPE Opening 37,521 37,413 37,407
Plus Capex 2,706 2,800 2,800
Less Depreciation 2,814 2,806 2,806
PPE Closing 37,413 37,407 37,402
Debt and Interest Schedule
Debt Opening 30,000 30,000 30,000
Issuance (repayment) (20,000)
Debt Closing 30,000 30,000 10,000
Interest Expense 900 900 900