Financ及ial Management 财务管理.pptx

AB 1201Lecture 5Financial Statements, Cash Flow, and TaxesAnalysis of Financial StatementsChapter 2Financial Statements, Cash Flow, and TaxesKey Financial Statements Balance Sheet Income Statement Statement of Stockholders’ Equity Statement of Cash FlowsFree Cash FlowBrief note on taxes2-The Annual ReportBalance sheet – provides a snapshot of a firm’s financial position at one point in time.Income statement – summarizes a firm’s revenues and expenses over a given period of time.Statement of stockholders’ equity – shows how much of the firm’s earnings were retained, rather than paid out as dividends.Statement of cash flows – reports the impact of a firm’s activities on cash flows over a given period of time.2-Case: Everelite Technology Co., Ltd2-Case is found at the end of Chapter 2Everelite TechnologyEstablished in 1994One of the most successful IT solution providers of software and servicesCustomers mainly from finance industry, manufacturing industry, and governmentDue to the financial crisis during 2008, demand and revenue sufferedTask: You are invited to help evaluate the company’s financial statusBalance Sheet: Assetash $208,323$102,024Accounts receivable 690,294824,979Inventories 942,374715,414 Total current assets $1,840,991$1,642,417Gross fixed assets 317,503226,674Less accumulated depreciation 54,04528,682 Net fixed assets $263,458$197,992Total assets $2,104,449$1,840,4092-Balance Sheet: Liabilities and Equithort-term Borrow$288,798$296,149Accounts payable 636,318414,611Accruals 106,748103,362 Total current liabilities $1,031,864$814,122Long-term debt 410,769372,931Common stock (100,000 shares) 550,000550,000Retained earnings 111,816103,356 Total equity $661,816$653,356Total liabilities and equity $2,104,449$1,840,4092-Income Statemenales $2,325,967 $2,220,607 Cost of goods sold 1,869,326 1,655,827 Other expenses 287,663 273,870 Total operating costs excluding depreciation and amortization $2,156,989 $1,929,697Depreciation a