13.12 The following financial statements summarize the financial conditions for Alon USA Energy Inc. for fiscal year 2006. The company engages in refining and mar keting petroleum products primarily in the south central, southwestem, and west. em regions of the United States. Unlike Sirius Satellite Radio Inc., in Problem 13.11, the company made profits for several years. Compute the given financial ratios, and interpret the firm's financial health during fiscal year 2006 from its financial statements shown here! Income Statement All numbers in thousands) Period Ending 31 Dec 06 31 Dec 05 31 Dec 04 3,198,084 2,328,507 2,084,181 2.862.975 335.109 1,707,564 1.46990 237634 244,326 149.296 84.756 (63.255) 34.274 279,334 73.219 (38,591) 20.935 188,763 Total Revenue Cost of Revenue Gros Profit Operating Expenses Research and Development Selling General and Administrative Nonrecurring Other Operating Income or Loss Income from Continuing Operations Total Other Income Expenses Net Eamings before Interest and Taxes Interest Expense Income before Tax Income Tax Expense Minority Interest Net Income from Continuing Ops Net Income Preferred Stock and Other Adjustments Net Income Applicable to Common Shares Outstanding Shares 7.740 290.235 30.658 259.577 93.968 (8.241) 157 368 157,368 5.861 194,621 19,326 175,195 65,518 2017 is. 792) 103.988 103,988 $157,368 46.738 S103.988 39,899 DUNLIMIT Period Ending 31 Dec 06 31 Dec 05 31 Dec 04 64,166 63,357 136,820 185.320 89.529 79,181 69,328 79,329 126,634 311.464 12.909 515,173 SO,151 775.836 15,317 20,696 6,264 497,114 26.011 211,410 214.455 4,314 236.228 3,429 3.429 8,046 23,566 1,408,785 16,394 758.780 3,400 10.690 472,516 Assets Current Assets Cash and Cash Equivalents Short-Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long-Term Investments Property Plant and Equipment Goodwill Intangible Assets Accumulated Amortization Other Assets . Deferred Long-Term Asset Charges Total Assets Liabilities Current Liabilities Accounts Payable Short/Current Long-Term Debt Other Current Liabilities Total Current Liabilities Long-Term Debt Other Liabilities Deferred Long-Term Liability Charges Minority Interest Negative Goodwill Total Liabilities Stockholders' Equity Preferred Stock Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity Total Stockholders' Equity 153,897 16,115 269.255 6,739 10,400 286,394 491.930 65,885 264.714 9.532 205,204 4.487 11.427 221,118 127.903 18,345 104.855 7.066 170,012 171.591 19,436 31.8.29 8,176 1.118,455 479,287 401,044 468 468 350 65,004 116,056 100,513 181.622 (7.816) 290,30 181,108 (2.596) 279,493 8.379 (2.261 71.472 (a) Debt ratio (b) Times-interest-earned ratio (c) Current ratio (d) Quick (acid test) ratio (e) Inventory-turnover ratio ( Days-sales-outstanding ratio (g) Total-assets-turnover ratio (h) Profit margin on sales (i) Return on total assets C) Return on common equity (k) Price/earnings ratio, with a share price of 565 (1) Book value per share SO W This CONS
