Analysis of Long$-$Lived Assets of a Public Company $($an Individual or Team Project$)$

In your web browser, search for the investor relations page of a public company you are interested in $($e$.$g$.,$ Papa Johns investor relations$).$ Select SEC Filings or Annual Report or Financials to obtain the $10-$K for the three most recent years available."

Required:

Go to the Balance Sheets and$/$or the Notes for the three most recent consecutive years:

a$.$ List the accounts and amounts of the company's long$-$lived assets $($land$,$ buildings, equipment, various intangible assets, goodwill, natural resources, and$/$or any other type$)$ for the last three years.

b$.$ What is the percentage of each account to its respective total assets for each year $($rounded to two decimal places$)?$

c$.$ What do the results of your trend analysis suggest about the strategy your company has followed with respect to investing in long$-$lived assets?

Page $471$

Go to the Balance Sheet and Notes for the most recent year:

a$.$ What cost allocation method$($s$)$ and estimates does the company disclose for each type of long$-$lived asset listed in $(1$a$.)?$

i$.$ What was the amount of depreciation expense?

ii$.$ If any, what was the amount of amortization expense?

iii. Where did you find this information?

b$.$ What percentage of property, plant, and equipment $($rounded to two decimal places$)$ has been used as of the end of the most recent year? $($Accumulated depreciation$/$Cost$)$

c$.$ What amount, if any, of interest was capitalized to property, plant, and equipment?

d$.$ For asset impairment:

i$.$ What does the company disclose regarding asset impairment policies?

ii$.$ What was its impairment loss, if any?

$e.$ What does the company report about acquisitions and mergers for the most recent year $($i$.$e$.,$ what other companies did your company purchase or merge with and what was the acquisition price$)?$

Ratio analysis:

a$.$ What does the fixed asset turnover ratio measure in general?

b$.$ Compute the ratio for the most recent three years. Round your answers to two decimal places.

i$.$ What do your trend results suggest about the company?

ii$.$ If your company's industry ratio for the current year was $2\mathrm{.}0,$ what does this comparison suggest about your company?

Go to the Statement of Cash Flows. For the most recent year:

a$.$ What were capital expenditures?

b$.$ What amount did the company report for the disposal $($sale$)$ of long$-$lived assets?

$c.$ In what section of the statement of cash flows$-$operating, investing, or financing$-$did you find the information for a and $b?$

d$.$ Was depreciation and$/$or amortization expense added back or subtracted from net income in the operating section of the statement of cash flows? Why are they added back or subtracted on the statement of cash flows? NEED THIS FOR THE COMPANY AMZN YEAR $2023$