Integrated Financial Statement Exercise

Balance Sheet

Income Statement
12/31/12

ASSETS
Cash and equivalents
Accounts Receivable
Inventories
Total Current Assets

34.60
74.80
132.60
242.00

82.40
145.70

PP&E
Goodwill & Intangibles
Deferred Taxes
Other Long Term Assets

212.70
34.20
12.60
123.90

259.30
42.50
34.60
145.30

625.40

709.80

Total Assets
LIABILITIES
Accounts payable
Notes payable
Current portion of LTD
Current Liabilities

120.50
23.50
49.60
193.60

130.50
34.20
68.40
233.10

Long-term debt
Deferred taxes
Total Liabilities

214.00
43.50
451.10

214.00
52.30
499.40

Shareholder's equity
Preferred Stock
Common Stock par valu
Additional paid-in-capita
Treasury Stock
Retained Earnings
Total liabilities and S

12.40
5.60
146.40
(112.30)
122.20
625.40

PP&E (BOP)
Less: Depreciation
Plus: Capx
PPE (EOP)
Intangibles and GW (BO
Amortization
New purchases
Intangibles and GW (EO

Net Revenues
Cost of Goods Sold (COGS)
Selling, general, & Administra
Research and development
Depreciation & Amortization1
Other operating expenses
Net Interest expense
Pretax income
Income tax expense (35%)
Net income

34.20
5.00
?
42.50

13.50
7.40
163.50
(123.20)
513.50
1,074.10

1,340.30
432.40
123.40
56.30
20.00
12.30
45.60
650.30
227.61
422.70

Dividends2
1
Amortization expense equals $5m
2

212.70
(15.00)
?
259.30

1/1/13-12/31/13

Cash Flow Statement

1/1/13-12/31/13

12/31/13

31.40

Net Income
Depreciation and amortization
Changes in working capital
Accounts Receivable
Inventories
Accounts payable
Deferred taxes
Cash from operations
Capital expenditures
Increases in all other long-term assets
Cash from investing

Assume all dividends were cash dividends

Increase in bank loan
Increase in long term debt
Increase in preferred stock
Increase in common stock
Increase in APIC
Increase in Treasury stock
Dividends
Cash from financing
Beginning cash balance (12/2012)
Total change in cash
Ending cash balance (12/2013)

422.70