Beruflich Dokumente
Kultur Dokumente
Gilingan Grocers
Net cash flow:
EBIT 700 million
Less: interest (200 million)
500 million
Less: 40% tax (200 million)
Net income 300 million
Add back: non-cash expenses
depreciation(EBITDA-EBIT) 150 million
Net 450 million
Hartzell Inc.
Free cash flow:
Cox Corporation
EBITDA 22.5 million
less: interest expense (6 million)
Income before depreciation and amortization 16.5 million
Net income = taxable- tax
5.4 million= n-35%n
Taxable (8,307,692)
Subtracted from Income before dep. and amort. 16,500,00
Depreciation and amortization Expense 8,192,308
Edge Brothers
EBIT= Net income / 0.60 + 200,000
EBIT= 385,000/ 0.60 + 200,000
EBIT= 641,667 + 200,000
EBIT= 841,667
2EBIT 1,683,334
Less: Interest (200,000)
Taxable 1,483,334
Less: 40% tax (593,334)
Net Income 890,000
Watson Oil
Sales 8,250
Operating costs (5,750)
Depreciation (1,500)
EBIT 1,000
Interest expense (160)
EBT 840
Tax (294)
Net income 546
Free cash flow= 650 + 1,500- 1,550
= 600
Exceeds = 600- 546 = 54
Kewell Boomerangs
2002 2001 Changes
Cash 100k 85k 15k
Accounts Receivable 432k 350k 82k
Inventories 1M 700k 300k
Net Fixed Assets 3M 2.8M 200k
Accounts Payable 700k 545k 155k
Notes Payable 800k 900k (100k)
Long-term debt 1.2M 1.2M - old debt in 1997
Common Stock 1.5M 1M 500k new issue
Retained earnings 332k 290k 42k + net income
Glenn Technology
2002 2001 Changes
Preferred stock 80 80 - as is
Common Stock 2,000 1,000 1,000 new issue
Retained earnings 2,000 2,340 (340) – income/lower ‘01