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I am working on the Gemini Electronics statement of cash flow and cannot figure out how the L,P, & E equals ($1,477,254,464). I keep getting
I am working on the Gemini Electronics statement of cash flow and cannot figure out how the L,P, & E equals ($1,477,254,464). I keep getting $1,082,814,413 (the difference between LP&E 2008 and 2009. What am I missing?
Income Statement Gross Profit 2005 $2,142,659,000 1,323,957,000 818,702,000 2006 $5,413,625,000 3,120,000,500 2,293,624,500 EBITDA 212,340,640 93,640,450 95,003,300 417,717,610 545,980,400 220,340,340 405,340,300 1,121,963,460 Operating Profit (EBIT) 81,414,429 336,303,181 122,465,588 999,497,872 Earnings Before Taxes 53,251,456 283,051,725 145,434,234 854,063,638 Net Income 99,068,104 $183,983,621 298,922,273 $555,141,365 Sales COGS Operating Costs S&D R&D Administration Amortization Interest Taxes Balance Sheet 2,005 Assets Cash A/R Parts Inventory WIP Inventory 2,006 $310,630,300 316,972,950 253,578,360 26,789,180 $790,419,373 758,988,750 607,191,000 45,354,460 359,340,630 1,267,311,420 960,187,250 3,162,140,833 L,P, & E, Net 710,727,625 812,956,891 Intangibles 103,416,660 411,698,984 2,081,455,705.00 4,386,796,708.00 $422,630,600 $1,011,985,000 147,920,710 570,551,310 341,394,916 1,353,379,916 Long-Term Debt 739,603,550 1,706,974,582 Shareholders Equity 771,300,845 1,326,442,210 $2,081,455,705 $4,386,796,708 Finished Goods Inventory Total Current Assets Total Assets Liabilities and Owners Equity A/P Current Portion of LT Debt Total Current Liabilities Total Liabilities & Equities 2007 $8,671,715,000 5,032,513,200 3,639,201,800 2008 $12,175,476,500 7,886,796,000 4,288,680,500 2009 $13,664,714,160 8,974,149,576 4,690,564,584 854,300,000 365,660,340 832,740,300 1,586,501,160 934,532,230 476,350,230 999,453,230 1,878,344,810 1,001,234,530 785,774,340 980,340,500 1,923,215,214 187,929,165 1,398,571,995 288,216,088 1,590,128,722 394,440,051 1,528,775,163 288,898,584 1,109,673,411 277,686,944 1,312,441,778 329,923,700 1,198,851,463 388,385,694 $721,287,717 459,354,622 $853,087,156 419,598,012 $779,253,451 2,007 2,008 2,009 $1,437,227,573 1,201,094,250 960,875,400 66,650,675 $1,366,526,361 1,328,523,975 1,062,819,180 75,640,210 $1,413,474,400 1,503,560,340 1,201,345,530 89,575,400 1,451,230,215 5,117,078,113 1,605,660,505 5,439,170,231 1,805,340,520 6,013,296,190 1,317,388,220 2,281,077,095 3,363,891,508 561,903,428 601,083,781 580,509,006 6,995,369,761.00 8,321,331,107.00 9,957,696,704.00 $1,305,530,320 $1,509,430,300 $1,564,430,450 607,184,919 1,912,715,239 651,847,287 2,161,277,587 785,532,620 2,349,963,070 3,035,924,595 3,259,236,437 3,927,663,101 2,047,729,927 2,900,817,082 3,680,070,533 $6,996,369,761 $8,321,331,107 $9,957,696,704 $4,482,182,530 1,082,814,413 -52,236,756 -1,082,814,413 -46,948,039 -1,181,999,208 1,000,000 ommitted 2005 Income Statement Sales COGS 2006 2007 2008 2006 2007 2008 Gross Profit S&D R&D Administration EBITDA Amortization Operating Profit (EBIT) Interest Earnings Before Taxes Taxes Net Income Balance Sheet 2005 Assets Cash A/R Parts Inventory WIP Inventory Finished Goods Inventory Total Current Assets L,P, & E, Net Intangibles Total Assets Liabilities and Owners Equity A/P CP of LT Debt Total Current Liabilities Long-Term Debt Total Liabilites Shareholders Equity Total Liabilities & Equities 2009 2009 1,000,000 ommitted 2005 2006 % Change 2007 % Change 2008 Sales COGS Gross Profit S&D R&D Administration EBITDA Amortization Operating Profit (EBIT) Interest Earnings Before Taxes Taxes Net Income Balance Sheet 2005 Assets Cash A/R Parts Inventory WIP Inventory Finished Goods Inventory Total Current Assets L,P, & E, Net Intangibles Total Assets Liabilities and Owners Equity A/P CP of LT Debt Total Current Liabilities Long-Term Debt Total Libilities Shareholders Equity Total Liabilities & Equities 2006 2007 2008 % Change 2009 2009 % Change Income Statement 1,000,000 ommitted 2005 2006 2007 2008 2009 Industry 2005 2006 2007 2008 2009 Industry Sales COGS Gross Profit Operating Costs Selling and Distribution R&D Administration Depreciation Operating Profit Interest Earnings Before Taxes Taxes Net Income Balance Sheet Assets Cash Accounts Receivable Parts Inventory WIP Inventory Finished Goods Inventory Total Current Assets Land, Plant, & Equipment, Net Other Assets Total Assets Liabiities Accounts Payable Current Portion of Long-term Debt Total Current Liabilities Long-term Debt Shareholders' Equity Total Liabilities and Equities Ratio Formula Liquidity Current CA/CL Quick CA-Inv-PP/CL Cash Cash + MS/CL Asset Management AR TO Credit Sales/ Avg AR AR TO Day 365/AR TO Inv. TO COGS/Avg. Inv. Inv. TO Days 365/ Inv. TO AP TO COGS/Avg. AP AP TO Days 365/AP TO FA TO Sales/Avg. FA TA TO Sales/Avg. Ta Lerverage Debt TL/TA Debt/Equity LTD/Equity Coverage TIE EBIT/Int.Exp. Profitability GPM GP/Sales OPM Op. Inc./Sales NPM NI/Sales OP ROI EBIT/Avg. TA ROA NI+I(1-t)/Avg. TA ROE NI/Avg. Equity Tax rate 35% 2005 2006 2007 2008 2009 Industry Comments 1,000,000 ommitted Cash Flow Statement 2009 Operations Net Income 779,253,451 Add/Minus: Depreciation 394,440,051 Accounts Receivable (175,036,365) Parts Inventory (138,526,350) WIP Inventory (13,935,190) FG Inventory (199,680,015) Accounts Payable 55,000,150 Total 701,515,732 Investing Land, Plant, and (1,082,814,413) Equipment Other Assets 20,574,775 Total Financing Long-term Debt 802,111,997 Total Change in Cash 46,948,039 2009 Operations Net Income Add/Minus: Depreciation Accounts Receivable Parts Inventory WIP Inventory FG Inventory Accounts Payable 779,253,450 394,440,051 (175,036,365) (138,526,350) (13,935,190) (199,680,015) Total 55,000,150 701,515,732 Total (1,477,254,464) 20,574,775 (1,456,679,689) Investing Land, Plant, and Equipment Other Assets Financing Long-term Debt Total Change in Cash 802,111,997 802,111,997 46,948,039 -175,036,365 difference between 2008 and 2009Step by Step Solution
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