Cash Flow Company Name Closing Date Previous Closing Date XYZ Media, Inc. 12/31/2020 12/31/2019 XYZ Media, Inc. , Balance Sheet as of Dec 31 (in millions of dollars) XYZ Media, Inc. Income Statement for the Years Ending Dec 31 (in millions of dollars) ASSETS 2019 2018 2019 2018 Assets Current Assets: Cash and marketable securities Accounts Receivable Inventory Total Current Assets $ $ $ $ 40 $ 185$ 225$ 450 $ Net Sales Less: Cost of Goods Sold Gross Profits Less: Other operating expenses 110 150 200 460 EBITDA $ $ $ $ $ $ $ $ Fixed Assets: Gross Plant & Equipment Less: Depreciation Net plant and equipment 900 $ 297 $ 603 $ 215$ 388$ 70$ 318$ 63 $ 255 $ 102 $ 153 $ $ 153 $ 80$ 73 $ 650 227 423 188 235 60 175 70 105 42 63 $ $ $ Less: Depreciation EBIT Less: Interest EBT Less: Taxes NET INCOME Less: Preferred Stock Dividends Net Income Available to CIS Less: Common Stock Dividends Addition to Retained Earnings 1,300 $ 130$ 1,170 $ 1,200 60 1,140 $ $ 63 Other long-term assets Total Fixed Assets Total Assets $ $ $ 500 $ 1,670 $ 2,120 $ 500 1,640 2,100 $ $ $ 63 LIABILITIES Tax Rate: Shares Outstanding (in millions) Year end stock price Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes Payable Total Current Liabilities 40% 100 13.73 $ $ $ $ 80 $ 104 $ 100$ 2845 50 87 100 237 700$ 800 Long Term Debt $ Stockholders' equity Preferred stock (30 million shares) $ Common stock and paid-in surplus S Retained Earnings $ Total Equity $ $ 1,000 $ 136 $ 1,136 $ 1,000 63 1,063 Total Liabilities and Equity $ 2,120 $ 2,100 on the bottom left corner, assume company keeps NO excess cash. 2018 NOWC = 2019 NOWC = FCF