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Please help me come up with 2 comments for each year for the current ratios: Below are the calculations and some financial statements for reference.
Please help me come up with 2 comments for each year for the current ratios:
Below are the calculations and some financial statements for reference.
(Also If you notice are any mistakes with any of my calculations please let me know!)
Balance Sheet Equations Working Capital (Current Assets. Current Liability) 2019 2018 535976000-327051000 474073000-299499000 208,925,000 174,574,000 Debt to Assets (Total Liabilities/Total Assets) 2019 2018 559274000/792803000= 486247000/698359000 0.71 0.70 2019 Current Ratio (Current Assets/Current Liability) 2019 2018 535976000/327051000- 474073000/299499000= 1.64 1.58 Debt to Equity (Total Liabilities/Total Stock Holders Equity) 2018 559274000/233529000= 486247000/212112000= 2.39 2.29 2018 Return on Investment ROI (Net Incomel Average Total Assets) 2019 2018 -19070/792803000= -109034/698359000- $0.00 $0.00 Net Margin (Net Income/ Net Sales) 2019 -109034/1148337= -0.01 -109034/1148337= -0.09 Consolidated Statements of Cash Flows Year ended December 31, 2018 2019 2017 (14,642) $ (109,034) $ (182,873) 35,063 41.478 (in thousands) Operating activities: Not loss Adjustments to reconcile not loss to net cash used in operating activities: Depreciation and amortization Non-cash operating lease cost Stock-based compensation Deferred income taxes Non-cash restructuring charges Non-cash interest expense Gain on sale and license of intellectual property Other Changes in operating assets and liabilities: Accounts receivable, net Inventory Prepaid expenses and other assets Accounts payable and other liabilities Deferred revenue Net cash used in operating activities 26,268 6,990 37,188 (32) (199) 8,987 40,887 (389) 6,282 8,112 (5,000) 1,696 51,255 (2,527) 7,315 5,345 (1,182) 4,094 (71,269) (27,778) 7.486 3,210 529 (24,444) (16,460) 34,093 35,390 (70,400) (2,674) (42,434) 52,278 16,641 9,303 (44,411) 5,249 (36,853) Investing activities: Purchases of property and equipment, net Purchases of marketable securities Matunities of marketable securities Sale of marketable securities Proceeds from the sale and license of intellectual property Net cash provided by (used in) investing activities (8,348) (43,636) 56,888 17,867 (11,004) (57,731) 57,500 (24,061) (52,318) 21,659 11,623 5,000 (6,235) 22,771 (43,097) 5,574 (6,618) 5,169 (6,650) 9,751 (12,118) 175,000 (78,000) (75) Financing activities: Proceeds from issuance of common stock Taxes paid related to not share settlement of equity awards Proceeds from issuance of convertible senior notes Prepayment of forward stock repurchase transaction Payment of deferred acquisition-related consideration Payment of debt issuance costs Proceeds from borrowings Repayment of borrowings Net cash provided by (used in) financing activities Effect of exchange rate changes on cash and cash equivalents Net change in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period TTTT (5,964) 20,000 (20,000) (1,044) 923 (1,794) 152,095 150,301 (1,481) (259) (50,409) 202,504 152,095 88,594 1,746 10,390 192,114 202,504 $ $ $ Supplementary cash flow disclosure: Horizontal Analysis of Income Statement For Years Ended December 31, 2019, 2018, and 2017 (dollars in thousands except per share amounts) 2018 2017 2019 Dec. 31, 2019 Dec. 31, 2018 $1,194,651 781,862 412,789 $1,148,337 786,903 361,434 $1,179,741 795,211 384,530 $46,314 -5,041 51,355 -$31,404 -8,308 -23,096 142,894 206.431 65,797 415,122 Revenue Cost of revenue Gross profit Operating expenses: Research and development Sales and marketing General and acministrative Total operating expenses Operating loss Interest expense Other income, net Total other expense, net Loss before income taxes Income tax (benefit) expense Net Income (loss) Earnings Per Share, Basic and Diluted 167.296 222,096 66.004 455.396 -92,962 229.265 236,581 22.144 547.990 -163,460 -13,660 -61,969 -14,485 -16,140 -92,594 69,498 -5,023 -24,402 -15,665 -207 -40,274 91,629 -546 -2,478 -3,024 88,605 5,787 $94,392 $0.68 733 4,237 -19,229 2.492 -16.737 -19,070 4.428 $14,642 $0.10 -786 4,970 13,713 -107,675 -1,359 $109,034 $0.78 68,712 5,127 $73,839 $0.54 $102,872 $1.32 Weighted Average Number of Shares Outstanding. Basic and Diluted 144.891 139 495 138 OSG 5,396 $1,439.00 Increase or Decrease $ Change %Change $1,794,000 -30,570,000 71,418,000 27,778,000 -4.929.000 61,903,000 -$10,028,000 53,121,000 - -7,818,000 -1.20% -67.30% 55.30% 23.90% -16.00% 13.10% -21.50% -59.80% 0% -15.00% 13.50% -2,734,000 94,444,000 Horizontal Analysis of Consolidated Balance Sheet For Years Ended December 31, 2019 and 2018 (in thousands, except par values) 2019 2018 Current assets: Cash and cash equivalents $150,301,000 $152,095.000 Marketable securities 14.847.000 45.417.000 Accounts receivable, net 200.634.000 129.216.000 Inventory 144.236.000 116.458,000 Prepaid expenses and other current assets 25.958.000 30,887,000 Total current assets 535,976,000 474,073,000 Property and equipment, net 36,539,000 46,567,000 Operating Lease, Right-of-Use Asset 53,121,000 Intangible assets, net 5.247,000 13,065,000 Goodwill 146,459,000 146,459.000 Other long-term assets 15,461,000 18,195.000 Total assets 792,800,000 698,359,000 Current liabilities: Accounts payable 160,695,000 148,478,000 Accrued expenses and other current liabilities 141,790,000 135,892,000 Short-term operating lease liabilities 9,099,000 Deferred revenue 15,467,000 15,129,000 Total current liabilities 327,051,000 299,499,000 Long-term taxes payable 13,726,000 19,553,000 Long-term debe 148,810,000 138,992,000 Long-term operating lease liabilities 62,961,000 Other long-term labilities 6,725,000 28,200,000 Total abilities 559,274,000 486.247.000 Commitments, contingencies and guarantees Stockholders' equity: Preferred stock, 50.0001 par value, 5,000 shares authorized: none Common stock and additional paid in capital, 50.0001 par value 500.000 Class A shares authorized 117 922 and 105,170 shares issued and outstanding, respectively. 150.000 Class B shares authored 28.897 and 35 897 shares issued and outstanding, respectively 930,875,000 894.755.000 Treasury stock, at cost, 10,710 and 10,710 shares, respectively -113.613,000 - 113.613.000 Accumulated deficit -583.733.000 -569,030,000 Total stockholders' equity 233,529,000 212.112.000 Total labilities and stockholders' equity 8.23% 4.34% 12,217,000 5,898,000 9,099,000 - 338,000 27,552,000 -5,827,000 9,818,000 62,961,000 - -21,477,000 73,027,000 2.23% 9.20% -29.80% 7.06% -76.15% 15.02% 36,120,000 4.04% - 14,703,000 21,417,000 $94,444,000 2.58% 10.10% 13.52%Step by Step Solution
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