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Please complete the following: -Horizontal and vertical analysis of the Income Statements for the past three years (all yearly balances set as a percentage of
Please complete the following:
-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.
| Income Statement: | |||
| Period Ending | 31-Dec-14 | 31-Dec-13 | 31-Dec-12 |
| Total Revenue | 194,673,000 | 182,150,000 | 162,463,000 |
| Cost of Revenue | 38,585,000 | 33,595,000 | 32,920,000 |
| Gross Profit | 156,088,000 | 148,555,000 | 129,543,000 |
| Operating Expenses | |||
| Research Development | - | - | - |
| Selling General and Administrative | 13,721,000 | 13,282,000 | 11,870,000 |
| Non Recurring | - | - | - |
| Others | 111,009,000 | 103,676,000 | 92,693,000 |
| Total Operating Expenses | - | - | - |
| Operating Income or Loss | 31,358,000 | 31,597,000 | 24,980,000 |
| Income from Continuing Operations | |||
| Total Other Income/Expenses Net | - | - | - |
| Earnings Before Interest And Taxes | 31,358,000 | 31,597,000 | 24,980,000 |
| Interest Expense | 3,253,000 | 2,801,000 | 2,744,000 |
| Income Before Tax | 28,105,000 | 28,796,000 | 22,236,000 |
| Income Tax Expense | 7,935,000 | 8,951,000 | 6,924,000 |
| Minority Interest | -298,000 | -369,000 | -488,000 |
| Net Income From Continuing Ops | 20,170,000 | 19,845,000 | 15,312,000 |
| Non-recurring Events | |||
| Discontinued Operations | - | - | - |
| Extraordinary Items | - | - | - |
| Effect Of Accounting Changes | - | - | - |
| Other Items | - | - | - |
| Net Income | 19,872,000 | 19,476,000 | 14,824,000 |
| Preferred Stock And Other Adjustments | - | - | - |
| Net Income Applicable To Common Shares | 19,872,000 | 19,476,000 | 14,824,000 |
| Balance Sheet: | |||
| Period Ending | 31-Dec-14 | 31-Dec-13 | 31-Dec-12 |
| Assets | |||
| Current Assets | |||
| Cash And Cash Equivalents | 63,269,000 | 48,186,000 | 46,992,000 |
| Short Term Investments | - | - | - |
| Net Receivables | 34,418,000 | 33,106,000 | 34,562,000 |
| Inventory | 10,236,000 | 9,860,000 | 9,675,000 |
| Other Current Assets | - | - | - |
| Total Current Assets | - | - | - |
| Long Term Investments | 18,937,000 | 19,234,000 | 6,314,000 |
| Property Plant and Equipment | 137,244,000 | 123,805,000 | 106,872,000 |
| Goodwill | 60,714,000 | 57,011,000 | 54,523,000 |
| Intangible Assets | - | - | - |
| Accumulated Amortization | - | - | - |
| Other Assets | 58,442,000 | 49,480,000 | 44,725,000 |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 526,186,000 | 484,931,000 | 427,452,000 |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | 40,223,000 | 37,835,000 | 35,361,000 |
| Short/Current Long Term Debt | - | - | - |
| Other Current Liabilities | - | - | - |
| Total Current Liabilities | - | - | - |
| Long Term Debt | 80,209,000 | 72,224,000 | 62,736,000 |
| Other Liabilities | 101,492,000 | 92,648,000 | 93,273,000 |
| Deferred Long Term Liability Charges | 61,235,000 | 57,739,000 | 44,494,000 |
| Minority Interest | 2,857,000 | 2,595,000 | 3,941,000 |
| Negative Goodwill | - | - | - |
| Total Liabilities | 286,016,000 | 263,041,000 | 239,805,000 |
| Stockholders' Equity | |||
| Misc Stocks Options Warrants | - | - | - |
| Redeemable Preferred Stock | - | - | - |
| Preferred Stock | - | - | - |
| Common Stock | 8,000 | 8,000 | 8,000 |
| Retained Earnings | 163,620,000 | 143,748,000 | 124,272,000 |
| Treasury Stock | -1,763,000 | -1,363,000 | -1,363,000 |
| Capital Surplus | 35,573,000 | 35,472,000 | 37,230,000 |
| Other Stockholder Equity | 42,732,000 | 44,025,000 | 27,500,000 |
| Total Stockholder Equity | 240,170,000 | 221,890,000 | 187,647,000 |
| Net Tangible Assets | 179,456,000 | 164,879,000 | 133,124,000 |
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