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Below is the Income statement for Company X 1)Forecast the firms Earnings per share and cash flow per share by filling in the box below.

Below is the Income statement for Company X

1)Forecast the firms Earnings per share and cash flow per share by filling in the box below.

-

Shares Outstanding 5 1.18B

Dividends & Splits

Forward Annual Dividend Rate 4 N/A
Forward Annual Dividend Yield 4 N/A
Trailing Annual Dividend Rate 3 N/A
Trailing Annual Dividend Yield 3 N/A
5 Year Average Dividend Yield 4 N/A
Payout Ratio 4 0.00%
Dividend Date 3 N/A
Ex-Dividend Date 4 N/A
Last Split Factor (new per old) 2 N/A
Last Split Date 3 N/A

Start with the most recent income statement and common size it. For the forecast period, adjust the numbers for future growth and decline in sales. Other items in income statement should be based on adjustments to past ratios.

Income Statement

All numbers in thousands
Revenue 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenue 13,094,000 10,842,000 9,248,000 8,025,000
Cost of Revenue 7,077,000 5,701,000 4,529,000 3,807,000
Gross Profit 6,017,000 5,141,000 4,719,000 4,218,000
Operating Expenses
Research Development 953,000 834,000 792,000 747,000
Selling General and Administrative 2,283,000 1,997,000 1,810,000 1,687,000
Non Recurring - - - -
Others 92,000 92,000 92,000 92,000
Total Operating Expenses 11,180,000 9,256,000 7,739,000 6,757,000
Operating Income or Loss 1,914,000 1,586,000 1,509,000 1,268,000
Income from Continuing Operations
Total Other Income/Expenses Net 286,000 45,000 -21,000 -7,000
Earnings Before Interest and Taxes 1,914,000 1,586,000 1,509,000 1,268,000
Interest Expense - - - -
Income Before Tax 2,200,000 1,631,000 1,488,000 1,261,000
Income Tax Expense 405,000 230,000 260,000 842,000
Minority Interest - - - -
Net Income From Continuing Ops 1,795,000 1,401,000 1,228,000 419,000
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income
Net Income 1,795,000 1,401,000 1,228,000 419,000
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares 1,795,000 1,401,000 1,228,000 419,000

FY 2014

FY 2015

FY 2016

FY 2017

ASSUMPTIONS (% OF Revenue)

Assumed Growth Rate in %

Total Revenue

Cost of Revenue

Gross Profit

Total Operating Expense

Operating Income

Other Income, Net

EBIT

Interest Expense

Net Income From Continuing Ops

Non-Recurring Events

Discontinued Op

Income from non-controlling int.

Net Income

EPS

DPS

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