I would really appreciate some help with this horizontal analysis!!
(Below is the balance sheet and income statement for Columbia Sportswear)
(Instructions) Perform a horizontal analysis for Columbia Sportswear which compares the two most current years presented. (Do a Balance Sheet and an Income Statement). Use the financial statements from the 10K annual report. Columbia Sportswear Company Comparative Balance Sheet December 31, 2020 and December 31, 2019 December 31, 2020 December 31, 2019 Amount of Increase/decrease Percent of Increase/Decrease COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED BALANCE SHEETS December 31, 2020 2019 $ 790,725 $ 1,224 452,945 556,530 54,197 1,855,621 309,792 339,244 103,558 68,594 96,126 63,636 2,836,571 $ 686,009 1,668 488,233 605,968 93,868 1,875,746 346,651 394,501 123,595 68,594 78,849 43,655 2,931,591 $ (in thousands) ASSETS Current Assets: Cash and cash equivalents Short-term investments Accounts receivable, net of allowance of $21,810 and $8,925, respectively Inventories, net Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Operating lease right-of-use assets Intangible assets, net Goodwill Deferred income taxes Other non-current assets Total assets LIABILITIES AND EQUITY Current Liabilities: Accounts payable Accrued liabilities Operating lease liabilities Income taxes payable Total current liabilities Non-current operating lease liabilities Income taxes payable Deferred income taxes Other long-term liabilities Total liabilities Commitments and contingencies (Note 12) Shareholders' Equity: Preferred stock; 10,000 shares authorized; none issued and outstanding Common stock (no par value); 250,000 shares authorized; 66,252 and 67,561 issued and outstanding, respectively Retained earnings Accumulated other comprehensive income (loss) Total shareholders' equity Total liabilities and shareholders' equity $ 206,697 $ 257,278 65,466 23,181 552,622 353,181 49,922 5,205 42,870 1,003,800 255,372 295,723 64,019 15,801 630,915 371,507 48,427 6,361 24,934 1,082,144 20,165 1,811,800 806 1,832,771 2,836,571 4,937 1,848,935 (4,425) 1,849,447 2,931,591 $ $ COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS $ (in thousands, except per share amounts) Net sales Cost of sales Gross profit Selling, general and administrative expenses Net licensing income Income from operations Interest income, net Other non-operating income (expense), net Income before income tax Income tax expense Net income Net income attributable to non-controlling interest Net income attributable to Columbia Sportswear Company Year Ended December 31, 2020 2019 2,501,554 $ 3,042,478 $ 1,277,665 1,526,808 1,223,889 1,515,670 1,098,948 1,136,186 12,108 15,487 137,049 394,971 435 8,302 2,039 2,156 139,523 405,429 (31,510) (74,940) 108,013 330,489 2018 2,802,326 1,415,978 1,386,348 1,051,152 15,786 350,982 9,876 (141) 360,717 (85,769) 274,948 6,692 268,256 $ 108,013 330,489 $ $ $ $ 1.63 1.62 $ $ 4.87 4.83 3.85 3.81 $ Earnings per share attributable to Columbia Sportswear Company: Basic Diluted Weighted average shares outstanding: Basic Diluted 66,376 66,772 67,837 68,493 69,614 70,401
