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Income Statement

2005 2006
Sales $2,142,659,000 $5,413,625,000
COGS 1,323,957,000 3,120,000,500
Gross Profit 818,702,000 2,293,624,500
Operating Costs
S&D 212,340,640 545,980,400
R&D 93,640,450 220,340,340
Administration 95,003,300 405,340,300
EBITDA 417,717,610 1,121,963,460

Amortization 81,414,429 122,465,588


Operating Profit (EBIT) 336,303,181 999,497,872

Interest 53,251,456 145,434,234


Earnings Before Taxes 283,051,725 854,063,638

Taxes 99,068,104 298,922,273


Net Income $183,983,621 $555,141,365

Balance Sheet
2,005 2,006
Assets
Cash $310,630,300 $790,419,373
A/R 316,972,950 758,988,750
Parts Inventory 253,578,360 607,191,000
WIP Inventory 26,789,180 45,354,460
Finished Goods Inventory 359,340,630 960,187,250
Total Current Assets 1,267,311,420 3,162,140,833

L,P, & E, Net 710,727,625 812,956,891


Intangibles 103,416,660 411,698,984
Total Assets 2,081,455,705.00 4,386,796,708.00

Liabilities and Owners Equity


A/P $422,630,600 $1,011,985,000
Current Portion of LT Debt 147,920,710 341,394,916
Total Current Liabilities 570,551,310 1,353,379,916

Long-Term Debt 739,603,550 1,706,974,582


Shareholders Equity 771,300,845 1,326,442,210
Total Liabilities & Equities $2,081,455,705 $4,386,796,708
2007 2008 2009
$8,671,715,000 $12,175,476,500 $13,664,714,160
5,032,513,200 7,886,796,000 8,974,149,576
3,639,201,800 4,288,680,500 4,690,564,584

854,300,000 934,532,230 1,001,234,530


365,660,340 476,350,230 785,774,340
832,740,300 999,453,230 980,340,500
1,586,501,160 1,878,344,810 1,923,215,214

187,929,165 288,216,088 394,440,051


1,398,571,995 1,590,128,722 1,528,775,163

288,898,584 277,686,944 329,923,700


1,109,673,411 1,312,441,778 1,198,851,463

388,385,694 459,354,622 419,598,012


$721,287,717 $853,087,156 $779,253,451

2,007 2,008 2,009

$1,437,227,573 $1,366,526,361 $1,413,474,400


1,201,094,250 1,328,523,975 1,503,560,340
960,875,400 1,062,819,180 1,201,345,530
66,650,675 75,640,210 89,575,400
1,451,230,215 1,605,660,505 1,805,340,520
5,117,078,113 5,439,170,231 6,013,296,190

1,317,388,220 2,281,077,095 3,363,891,508


561,903,428 601,083,781 580,509,006
6,995,369,761.00 8,321,331,107.00 9,957,696,704.00

$1,305,530,320 $1,509,430,300 $1,564,430,450


607,184,919 651,847,287 785,532,620
1,912,715,239 2,161,277,587 2,349,963,070

3,035,924,595 3,259,236,437 3,927,663,101


2,047,729,927 2,900,817,082 3,680,070,533
$6,996,369,761 $8,321,331,107 $9,957,696,704
1,000,000 ommitted
Income Statement 2005 2006 2007 2008
Sales
COGS
Gross Profit

S&D
R&D
Administration
EBITDA

Amortization
Operating Profit (EBIT)

Interest
Earnings Before Taxes

Taxes
Net Income

Balance Sheet
2005 2006 2007 2008
Assets
Cash
A/R
Parts Inventory
WIP Inventory
Finished Goods Inventory
Total Current Assets

L,P, & E, Net


Intangibles
Total Assets

Liabilities and Owners Equity


A/P
CP of LT Debt
Total Current Liabilities

Long-Term Debt
Total Liabilites

Shareholders Equity
Total Liabilities & Equities
2009

2009
1,000,000 ommitted
2005 2006 % Change 2007 % Change 2008 % Change
Sales
COGS
Gross Profit

S&D
R&D
Administration
EBITDA

Amortization
Operating Profit (EBIT)

Interest
Earnings Before Taxes

Taxes
Net Income

Balance Sheet
2005 2006 2007 2008
Assets
Cash
A/R
Parts Inventory
WIP Inventory
Finished Goods Inventory
Total Current Assets

L,P, & E, Net


Intangibles
Total Assets

Liabilities and Owners Equity


A/P
CP of LT Debt
Total Current Liabilities

Long-Term Debt
Total Libilities

Shareholders Equity
Total Liabilities & Equities
2009 % Change

2009
Income Statement 1,000,000 ommitted
2005 2006 2007 2008 2009 Industry
Sales
COGS
Gross Profit

Operating Costs
Selling and Distribution
R&D
Administration
Depreciation
Operating Profit

Interest
Earnings Before Taxes

Taxes
Net Income

Balance Sheet
Assets 2005 2006 2007 2008 2009 Industry
Cash
Accounts Receivable
Parts Inventory
WIP Inventory
Finished Goods Inventory
Total Current Assets

Land, Plant, & Equipment, Net


Other Assets
Total Assets

Liabiities
Accounts Payable
Current Portion of Long-term Debt
Total Current Liabilities

Long-term Debt
Shareholders’ Equity
Total Liabilities and Equities
Ratio Formula 2005 2006 2007 2008 2009 Industry Comments

Liquidity
Current CA/CL
Quick CA-Inv-PP/CL
Cash Cash + MS/CL
Asset Management
AR TO Credit Sales/ Avg AR
AR TO Day 365/AR TO
Inv. TO COGS/Avg. Inv.
Inv. TO Days 365/ Inv. TO
AP TO COGS/Avg. AP
AP TO Days 365/AP TO
FA TO Sales/Avg. FA
TA TO Sales/Avg. Ta
Lerverage
Debt TL/TA
Debt/Equity LTD/Equity
Coverage
TIE EBIT/Int.Exp.
Profitability
GPM GP/Sales
OPM Op. Inc./Sales
NPM NI/Sales
OP ROI EBIT/Avg. TA
ROA NI+I(1-t)/Avg. TA
ROE NI/Avg. Equity

Tax rate 35%


1,000,000 ommitted
Cash Flow Statement
2009
Operations
Net Income
Add/Minus:
Depreciation
Accounts Receivable
Parts Inventory
WIP Inventory
FG Inventory
Accounts Payable
Total
Investing
Land, Plant, and
Equipment
Other Assets
Total
Financing
Long-term Debt
Total
Change in Cash