Financial reports are the primary means by which corporations report their performance and financial condition. Financial statements are one component of the annual report mailed to their shareholders and to interested others. Many companies are using the 10-K report that they file with the SEC as a replacement for the financial portion of their annual report. Required Obtain the most recent annual report (or 10-K report) for the year ended 12/31/2018 (filed 2/20/19) for Boston Beer Co Inc. The easiest way is to use the EDGAR search tools on the SEC.govwebsite). In the middle of the SEC home page, you will see "Edgar/ Company filings." Type Boston Beer's ticker symbol (SAM) in the box provided. Be sure to look for the most recent (2018) 10-K report. Click on the BLUE oval that reads "Interactive Data" (Make sure it is the 10-K report, not the 10-0.) After browsing the report, click on the yellow-orange header that reads, "Financial Statements" then "Consolidated Balance Sheets" to answer the following questions: 1. Name two Current Assets and two Long-term Assets that are listed on the Balance Sheet. What is the value of the 1) Total Current Assets and 2) the Total Assets shown? (Be sure to use a dollar sign and indicate "in thousands.") 2. Name two Current Liabilities and two Long-term Liabilities listed. What is the value of the 1) Total Current Liabilities and 2) Total Liabilities shown? (Be sure to use a dollar sign and indicate "in thousands.") 3. What is the change in Cash and Cash Equivalents from 2017 to 2018 (indicate increase or decrease). Now compare this change with the Change in Cash and Cash Equivalents shown on the Consolidated Statement of Cash Flows. Is the difference the same? (Be sure to use a dollar sign and indicate "in thousands.") 4. Continue looking at the Consolidated Statement of Cash Flows. What is the Net Cash Provided in Operating Activities? What is the Net Cash Used in Investing Activities? What is the Net Cash used in Financing Activities? (Be sure to use a dollar sign and indicate "in thousands.") Show how these three totals add together to equal the Change in Cash and Cash Equivalents given in part 3 above. Be sure to show whether each amount is positive or negative. Answer questions 1-4 in complete sentences. Please proofread and spellcheck your work. . Please indicate (for each item) exactly where you found it in the annual report. (e.g., Financial Statements -> Balance Sheet -> Current Assets section.) Reply (thoughtfully) to two other students' posts: address each person by name. Original post due by Sunday night; Replies to others due by Tuesday. Search entries or author Unread 1 Reply Reply
