1. What would have been the Total Shareholders' Equity if there had been no purchases of Treasury Stock? Hint: This is a calculation.
(I know Shareholder's Equity =Total Assets-Total Liabilities, but I get a negative answer please help)
2. What is the most significant trend based on the horizontal analysis over this two-year period? Why?
USE BCDEF (New-Old/Old Horizontal Analysis E NARE 12 Months Ended Consolidated Balance Sheets - USD ($) $ in Thousands Dec 31, 2019 Dec 31, 2018 $ Change 2018 to % Change 2018 to 2019 2 6.74% $3,548,00 2 .57% 9.92% -30.89% 0 -73.3156 -2.95% 175.61% -5.BOX 7.09% 23.51% 28.77% -27.85% -32.23% 15.45% 21.81% Current assets Cash and cash equivalents $33,766 $26,642 $7,124. 00 Receivables (net of allowance for doubtful accounts of $18,482 and $15,905, respectively) $141,566 $138,018 $3,548. 00 Income taxes receivable $11,126 $10,122 $1,004.00 Notes receivable, net of allowances $25,404 $36,759 -$11,355. 00 Other current assets $24,727 $32,243 $7,516.00 Total current assets $236.589 $243.784 -$7.195.00 Property and equipment, at cost, net $351,502 $127,535 $223,967.00 Operating lease right-of-use assets $24,088 $0 $24,088.00 Goodwill $159,196 $168,996 -$9,800.00 Intangible assets. net $290,421 $271,188 $19,233.00 Notes receivable, net of allowances $103,054 $83,440 $19,614.00 Investments, employee benefit plans, at fair value $24,978 $19,398 $5,580.00 Investments in unconsolidated entities $78,655 $109,016 -$30,361.00 Deferred Income taxes R $20,747 $30,613 -$9,866.00 Other assets ERILLER 2 323132 $97,442 $84,400 $13,042.00 Total assets $1.386,672 $1,138,370 $248,302.00 Current liabilities Accounts payable $73,449 $73,511 -$62,00 Accrued expenses and other current liabilities $90,364 $92,651 $2,287.00 Current portion $ 71,594 $67,614 $3,980. 00 Liability for guest loyalty program $82,970 $83,566 $596.00 Current portion of long-term debt R $7,511 $1,097 $6,414.00 Total current liabilities LL LLLLLLLLLLLLL $325,888 $318,439 $7,449. 00 Long-term debt A RRILLEIRINTILL $844,102|_ $753,514 $90,588.00 Long-term portion $112,662 $110,2781 $2.384. 00 Deferred compensation and retirement plan obligations $24,212 55,737.00 Income taxes payable $26,147 $26,276 -$129.00 Operating lease liabilities $21,270 $21,270 $0 $21,270,00 Liability for guest loyalty program $46,698 $52,327 $5,629.00 other liabilities $3,467 $37,096 $33,629,00 Total liabilities $1.410,183 $1,322.142 8 8.041. 00 Commitments and Contingencies Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at December 31, 2019 and December 31, 2018; 55,702,628 and 55,679,207 shares outstanding at December 31, 2019 and December 31, 2018, respectively $951) $951 $0.00 Additional paid-in-capital $231,160 $213,170 $17,990.00 A rn Instructions 10-K Document Questions Income Statement Balance Sheet Statement of Cash Flows 5 -0,08% -2.47% .89% -0.71% 584,69% .34% 12.02% .16% 23.69% -0.49% 2 2 10.76% 90,65% .66% 6 0.00% 8.44% Ratio Analysis $24,088 $159,196 $290,421 $103.0541 $24,978 $78,655 $20,747 $97,442 $1,386,672 $0 $168,996 $221.188 $83,440 $19,398 $109,016 $30,613 SBA 400 $1,138,370 $24,088.00 -$9,800.00 $19,233.00 $19,614.00 $5,580.00 $30,361,00 $9,866. 00 $13,042.00 $248,302.00 -5,80 7.09% 23.51% 28.77% T-27.85% 3 2.23% 15.45% 2181% Operating lease right-of-use assets Goodwill Intangible assets net Notes recevable, net of allowances Investments, employee benefit plans, at fair value Investments in unconsolidated entities are Deferred Income taxes Other assets A a Total assets AS Current liabilities Accounts payable Accrued expenses and other current liabilities Current portion Uability for guest loyalty program Current portion of long-term debt Total current liabilities L LE Long-term debt Long-term portion Deferred compensation and retirement plan obligations Income taxes payable E EE Operating lease liabilities Uability for guest loyalty program Other liabilities Total liabilities Commitments and contingencies Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at December 31, 2019 and December 31, 2018; 55,702,628 and 55,679,207 shares outstanding at December 31, 2019 and December 31, 2018, respectively Additional paid-in-capital S L LLLL Accumulated other comprehensive loss Treasury stock, at cost; 39,363,010 and 39,386,431 shares at December 31, 2019 and December 31, 2018, respectively Retained earnings Total Shareholders' deficit Total liabilities and shareholders' deficit $73,449 $90,364 $71,594 $82,970 $7511 $325,888 $844,102 $112.662 $29,949 $26,147 $21,270 $46,698 $3,467 $1,410,183 $73,511 $92,651 $67,614 $83,566 $1,097 $318,439 $753,514 $110,278 $24,212 $26,276 $0 $52,327 $37,096 $1,322,142 6 2.00 $2.287.00 $3,980.00 $S96.00 $6,414.00 $7,449.00 $90,588.00 $2,384.00 $5.737.00 $129.00 $21,270.00 $5,629.00 -$33,629.00 $88,041.00 -0.08% 2.47% 5,89% 10.7196 584.69% 2.34% 12.02% 2.16% 23,69% -0.49% 10.76% 190.65% 6.66% 0.00% $951 $231,160 $4,550 $951 $213,170 $5,446 $0.00 $17,990.00 $896.00 18/44 -16.45% 2472 -$1,219,905 $968,833 $23,511 $1,386,672 $1,187,625 $795,178 $183,772 $1,138,370 $32,280.00 $173,655.00 $160,261.00 $248,302.00 Questions
