Question
Create Financial Statement Analysis about these five company (I have attached the link for 10-k on SEC) Exxon Mobil https://www.sec.gov/ix?doc=/Archives/edgar/data/34088/000003408820000016/xom10k2019.htm Chevron https://www.sec.gov/ix?doc=/Archives/edgar/data/93410/000009341020000010/cvx12312019-10kdoc.htm Marathon Oil https://www.sec.gov/ix?doc=/Archives/edgar/data/101778/000010177820000023/mro-20191231x10k2019.htm
Create Financial Statement Analysis about these five company (I have attached the link for 10-k on SEC)
Exxon Mobil https://www.sec.gov/ix?doc=/Archives/edgar/data/34088/000003408820000016/xom10k2019.htm
Chevron https://www.sec.gov/ix?doc=/Archives/edgar/data/93410/000009341020000010/cvx12312019-10kdoc.htm
Marathon Oil https://www.sec.gov/ix?doc=/Archives/edgar/data/101778/000010177820000023/mro-20191231x10k2019.htm
Spindletop Oil https://www.sec.gov/Archives/edgar/data/867038/000101738620000095/sog_2019dec31-10k.htm
Cabot Oil & Gas Corporation https://www.sec.gov/ix?doc=/Archives/edgar/data/858470/000085847020000012/cog-12312019x10k.htm
Memos must be written in proper memo format. This format is outlined as follows:
Introduction Explain purpose of the report and provide set-up for remainder of paper, including brief overview of contents.
Discussion:
1. How has revenue, operating income, and net income changed over the past five years? Read the 10-K MD&As of the firms and explain why revenue, operating income, and net income has changed over the years (create graphs).
2. Calculate the gross margin, operating margin, and net income margin over the past five years. How stables are the margins (create graphs)? For the best and worst firm explain how their margins increased or decreased.
3. Which firm has the highest ROE (NI/Equity), ROA (NI/Total Assets), and return over the past five years (create graphs)? Read the MD&A and proxy (DEF) of the best and worst firm and explain the reason behind their performances.
4. Examine the leverage ((short term debt+long term debt)/equity) of the firms, which firm is the most levered (create graphs)? Are you concerned about its leverage (examine Item 1A.)? How much debt is due in the current year (examine debt schedule).
5. Examine the revenue recognition of the firms. Are they similar? If they are different how do they differ? How does A/R policy differ between firms (Create Table)?
6. If applicable describe the inventory, depreciation, and intangible policies. Which firms have policies that differ substantially with other firms (Create Table).-
Conclusion:
Which firm has the best financial report (disclosure)? Based on your analysis, which firm would recommend investing?
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