Amphlett Corporation

Consolidated Balance Sheets

As of Year-End ($ thousands) 2016 2015

Assets
Current
Cash 15,000 90,000
Marketable Securities 200,000 -
Accounts Receivable (net) 590,000 440,000
Inventory 600,000 615,000
Total current assets 1,405,000 1,145,000

Noncurrent
Long-term investments 310,000 390,000

Property & equipment 1,800,000 1,100,000

Less: Accumulated depreciation (500,000) (500,000)
Property & equipment (net) 1,300,000 600,000

Intangibles (net) 95,000 105,000

Total noncurrent assets 1,705,000 1,095,000

Total assets 3,110,000 2,240,000

Liabilities & Shareholders' Equity

Accounts payable 900,000 850,000
Short-term bank debt 190,000 -
Total liabilities 1,090,000 850,000

Shareholders' equity
Common stock, $10 par value 775,000 675,000
Additional paid-in-capital 380,000 300,000
Retained earnings 865,000 415,000
Total shareholders' equity 2,020,000 1,390,000

Total liabilities and shareholders' equity 3,110,000 2,240,000

 Amphlett Corporation
Consolidated Income Statement
For Year Ended ($ thousands)

Revenues
Less: Cost of Goods Sold
(75,000) Gross Margin
200,000 I Less: Selling, general & administrative expenses
150,000 O Operating income
(15,000) O Gain on sale of investments
260,000 Net income before taxes
- Less: Income taxes
- Net income
(80,000) I
-
700,000
-
700,000 I
-
(10,000) I
610,000
-
870,000
-
-
50,000 O
190,000 F
240,000
-
-
100,000 F
80,000 F
450,000 O/F
630,000
-
870,000
orporation
come Statement
2016 2015

1,430,000 1,200,000
500,000 420,000
930,000 780,000
150,000 120,000
780,000 660,000
70,000 -
850,000 660,000
50,000 11,000
800,000 649,000
 Preliminary Statement of Cash Flow

OPERATION
A/R (150,000)
Inventory 15,000
A/P 50,000
Retained Earning 450,000
CFFO 365,000
INVESTING
Marketable securities (200,000)
Long-term Investment 80,000
PP&E, net (700,000)
Intangible Asset, net 10,000
CCFI (810,000)
FINANCING
Short-term Bank Debt 190,000
Common stock 100,000
APIC 80,000
CFFF 370,000
Change in Cash (75,000)
 Amphlett Corporation
Statement of Cash Flow
For Year Ended ($ thousands)

CASH FLOW FROM OPERATION

Net Income 800,000
Depreciation 250,000
Amortization 10,000
(Increase) decrease in A/R (150,000)
Increase (decrease) in Inventory 15,000
Increase (decrease) in A/P 50,000
Gain on sell of investment (70,000)
905,000
CASH FLOW FROM INVESTING
Purchase of PP&E (1,150,000)
Sale of PP&E 200,000
Intangible Asset 0
Purchase of Marketable securities (200,000)
Sale of Long-term Investment 150,000
(1,000,000)
CASH FLOW FROM FINANCING
Payment of Dividend (350,000)
Cash from Short-term Bank Debt 190,000
Sale of Common stock 100,000
Cash from APIC 80,000
20,000
Change in Cash (75,000)
Beginning Cash 90,000
Ending Cash 15,000