2018 12pts ALTMAN'S Z-Model Compute Z-score from fin. Data 7-score X-1 Working Capital/Total Assets 1.2 WGHT Income Statement Sales/Revenue COGS excluding D&A Gross Profit Depreciation & Amort Expense SG&A Expense EBIT Interest Expense Pretax Income Income Tax Consolidated Net Income Stock Price Base Shares Outstanding 2018 2017 20,204 18,906 12,176 11,944 8,028 6,962 991 938 5,501 4,435 1,536 1.589 380 375 1,156 1,214 399 419 757 795 $71.38 $ 40.12 X-2 Retained Earns/Total Assets 1.4 67 178 X-3 EBIT/Total Assets 3.3 0.6 X-4 Market Value Stock/Total Liabilit Stock Price Stk Shares $71.38 167 BALANCE SHEET Cash & Short Term Investments Total Accounts Receivable Inventories Total Current Assets Net Property, Plant & Equipment Tangible Other Assets Total Assets Liabilities & Shareholders' Equity ST Debt & Current Portion LT Debt Accounts Payable Income Tax Payable Other Current Liabilities Total Current Liabilities Long-Term Debt Deferred Taxes Other Liabilities Total abilities Common Stock Par/Carry Value Retained Earnings Treasury Stock Total Shareholders' Equity Liabilities & Shareholders' Equity 2018 1,507 530 3,542 5,579 7,773 211 13,563 2018 251 1,271 99 1,188 2,709 4,388 186 761 8,044 3,171 22,999 -10,651 5,519 13,563 2017 1273 378 3,795 5,446 8,103 224 13,773 2017 131 1,507 112 1.324 2,974 4,480 272 770 8,496 3,093 12,522 - 10,338 5,272 13,773 X-5 Net Sales/Total Assets 10 2018 257 991 -200 398 1946 2017 795 938 328 89 1.972 CASH FLOW STATEMENT Net Income Before Extraordinaries Depreciation, Depletion & Amortisat Other Funds Changes in Working Capital Net Operating Cash Flow Investing Activities Capital Expenditures Net Investing Cash Flow Financing Activities Common Dividends Changes in Capital Stock Change in Long Term Debt Net Financing Cash Flow 649 649 -756 -756 -368 302 -358 556 -116 -1030 - 138