Perform an expanded analysis on the financial statements for Cameron International (CAM). Use the most current 10K statements available on SEC or annual statements in Yahoo Finance. Complete the following for your chosen firm in an Excel spreadsheet: Horizontal and vertical analysis of the income statements for the past three years (all yearly balances set as a percentage of total revenues for that year). Horizontal and vertical analysis of the balance sheets for the past three years (all yearly balances set as a percentage of total assets for that year). Ratio analysis (eight ratios of your choosing) for the past three years PLUS a measurement for the creditworthiness of your firm as measured by Altmans Z-score. Note that if you used your chosen firm for our ratio-related discussion posts, then you MUST also present industry-average ratios or current year competitor ratios for your ratio analysis. Comparing your firms ratios to a close competitor or an industry-average ratio makes your analysis much more meaningful.

Income Statement (numbers in thousands)

Income Statement

numbers in thousands

Period Ending		Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Total Revenue		8,782,000	10,381,000	9,138,000
Cost of Revenue		6,126,000	7,464,000	6,518,000
Gross Profit		2,656,000	2,917,000	2,620,000
	Operating Expenses
	Research Development	-	-	-
	Selling General and Administrative	1,082,000	1,287,000	1,275,000
	Non Recurring	639,000	44,000	-
	Others	342,000	348,000	298,000
	Total Operating Expenses	-	-	-
Operating Income or Loss		593,000	1,238,000	1,047,000
	Income from Continuing Operations
	Total Other Income/Expenses Net	(134,000)	(29,000)	(92,000)
	Earnings Before Interest And Taxes	459,000	1,209,000	955,000
	Interest Expense	138,000	129,000	100,000
	Income Before Tax	321,000	1,080,000	855,000
	Income Tax Expense	184,000	258,000	196,000
	Minority Interest	(67,000)	(37,000)	(25,000)
	Net Income From Continuing Ops	137,000	822,000	659,000
	Non-recurring Events
	Discontinued Operations	431,000	26,000	65,000
	Extraordinary Items	-	-	-
	Effect Of Accounting Changes	-	-	-
	Other Items	-	-	-
Net Income		501,000	811,000	699,000
Preferred Stock And Other Adjustments		-	-	-
Net Income Applicable To Common Shares		501,000	811,000	699,000

Balance Sheet

Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Assets
Current Assets
	Cash And Cash Equivalents	1,775,000	1,513,000	1,813,000
	Short Term Investments	584,000	113,000	41,000
	Net Receivables	1,964,000	2,389,000	2,719,000
	Inventory	2,360,000	2,929,000	3,133,000
	Other Current Assets	435,000	608,000	463,000
Total Current Assets		7,118,000	7,552,000	8,169,000
Long Term Investments		-	-	-
Property Plant and Equipment		1,717,000	1,964,000	2,037,000
Goodwill		1,764,000	2,461,000	2,925,000
Intangible Assets		582,000	728,000	904,000
Accumulated Amortization		-	-	-
Other Assets		319,000	187,000	214,000
Deferred Long Term Asset Charges		-	-	-
Total Assets		11,500,000	12,892,000	14,249,000
Liabilities
Current Liabilities
	Accounts Payable	2,920,000	3,916,000	3,963,000
	Short/Current Long Term Debt	284,000	263,000	297,000
	Other Current Liabilities	2,000	90,000	-
Total Current Liabilities		3,206,000	4,269,000	4,260,000
Long Term Debt		2,542,000	2,819,000	2,563,000
Other Liabilities		150,000	167,000	233,000
Deferred Long Term Liability Charges		212,000	193,000	277,000
Minority Interest		836,000	889,000	1,064,000
Negative Goodwill		-	-	-
Total Liabilities		6,946,000	8,337,000	8,397,000
Stockholders' Equity
Misc Stocks Options Warrants		-	-	-
Redeemable Preferred Stock		-	-	-
Preferred Stock		-	-	-
Common Stock		3,000	3,000	3,000
Retained Earnings		6,132,000	5,631,000	4,820,000
Treasury Stock		(3,969,000)	(3,794,000)	(2,098,000)
Capital Surplus		3,265,000	3,255,000	3,207,000
Other Stockholder Equity		(877,000)	(540,000)	(80,000)
Total Stockholder Equity		4,554,000	4,555,000	5,852,000
Net Tangible Assets		2,208,000	1,366,000	2,023,000

Cash Flow

Period Ending		Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Net Income		501,000	811,000	699,000
Operating Activities, Cash Flows Provided By or Used In
Depreciation		342,000	360,000	315,000
Adjustments To Net Income		(28,000)	(43,000)	65,000
Changes In Accounts Receivables		390,000	166,000	(470,000)
Changes In Liabilities		(913,000)	(17,000)	556,000
Changes In Inventories		362,000	(144,000)	(367,000)
Changes In Other Operating Activities		(13,000)	23,000	15,000
Total Cash Flow From Operating Activities		708,000	1,193,000	838,000
Investing Activities, Cash Flows Provided By or Used In
Capital Expenditures		(285,000)	(385,000)	(520,000)
Investments		(471,000)	(72,000)	477,000
Other Cash flows from Investing Activities		845,000	553,000	525,000
Total Cash Flows From Investing Activities		89,000	96,000	482,000
Financing Activities, Cash Flows Provided By or Used In
Dividends Paid		-	-	-
Sale Purchase of Stock		(223,000)	(1,749,000)	(1,445,000)
Net Borrowings		(240,000)	193,000	775,000
Other Cash Flows from Financing Activities		-	-	-
Total Cash Flows From Financing Activities		(461,000)	(1,554,000)	(667,000)
Effect Of Exchange Rate Changes		(74,000)	(35,000)	(26,000)
Change In Cash and Cash Equivalents		262,000	(300,000)	627,000