Amerbran Company A.xlsx

AMERBRAN COMPANY Balance Sheets As of December 31 (in thousands) 20x0

20x1

Assets Cash

$

Accounts receivable

23,952

$

28,912

687,325

756,152

1,225,402

1,244,912

77,167

76,140

2,013,846

2,106,116

Investments

1,058,637

1,116,534

Property, plant, and equipment, at cost

1,366,719

1,566,268

Less accumulated depreciation

645,734

723,442

Net property, plant, and equipment

720,985

842,826

Goodwill

577,606

645,210

62,374

115,826

Inventories Prepaid expenses Total current assets

Other assets Total assets

4,433,448

$

4,826,512

238,377

$

271,452

Liabilities and Shareholders' Equity Accounts payable

$

Short-term debt

351,112

430,776

Accrued expenses payable

728,262

922,990

1,317,751

1,625,218

932,828

880,674

2,250,579

2,505,892

42,611

33,828

161,417

322,834

57,072

53,641

(102,705)

(110,948)

2,024,474

2,021,265

2,182,869

2,320,620

Total current liabilities Long term liabilities Total liabilities Convertible preferred stock Common stock, at par Additional paid-in capital Treasury stock, at cost Retained earnings Total shareholders' equity Total liabilities and shareholders' equity

$

4,433,448

$

4,826,512

-

-

Net Change

4,960

dr.

68,827

dr.

19,510

dr.

(1,027) cr. 92,270 57,897

dr.

199,549

dr.

77,708

cr.

77,708

67,604

dr.

67,604

53,452

dr.

121,841

393,064

33,075

cr.

79,664

cr.

194,728

cr.

307,467 (52,154) dr. 255,313 (8,783) dr. 161,417

cr.

(3,431) dr. (8,243) dr. (3,209) dr. 137,751 393,064

-

AMERBRAN COMPANY Statement of Cash Flows For the year Ended December 31, 20x1 (in thousands) Net cash flow from operating activities: Net income Noncash expenses, revenues, gains, and losses included in income: Depreciation and amortization Write-off of obsolete equipment Income from subsidiary Decrease in deferred income taxes Net changes on the following: Increase in accounts receivable Increase in inventories Decrease in prepaid expenses Increase in accounts payable Increase in accrued expenses payable Net cash flow provided by operating activities

$

328,773 115,974 66,046 (59,610) (17,548)

1 2 3 4

(68,827) (19,510) 1,027 33,075 194,728 574,128

Net cash flow from investing activities: Acquisition of property, plant, and equipment Proceeds from disposals of plant and equipment Acquisition of investment company Net cash flow used in investing activities

(260,075) 33,162 (133,721) (360,634)

Net cash flow from financing activities: Dividends paid Proceeds from issuing common stock Purchase of treasury stocks Increase in short-term debt Decrease in long-term debt Net cash flow used in financing activities

(216,158) 7 8 (30,609) 9 79,664 10 (34,606) 10 (201,709)

Cash flows from miscellaneous activities Net increase in cash Cash at beginning of year Cash at end of year

$

(6,825) 4,960 23,952 28,912

5 5 6

AMERBRAN COMPANY Income Statement For the year ended December 31, 20x1 (in thousands)

Sales revenues, net

$

7,622,677

Cost of sales

2,803,623

Excise taxes on goods sold

2,887,616

Gross margin

1,931,438

Selling, general, and administrative expenses

1,328,107

Income before income taxes

603,331

Provision for income taxes

274,558

Net income

$

328,773