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Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2016 2015 Sales $3,250.0 $2,600.0 Operating costs excluding depreciation and amortization 2,438.0
Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)
2016 | 2015 | |||||
Sales | $3,250.0 | $2,600.0 | ||||
Operating costs excluding depreciation and amortization | 2,438.0 | 2,210.0 | ||||
EBITDA | $812.0 | $390.0 | ||||
Depreciation and amortization | 94.0 | 75.0 | ||||
Earnings before interest and taxes (EBIT) | $718.0 | $315.0 | ||||
Interest | 72.0 | 57.0 | ||||
Earnings before taxes (EBT) | $646.0 | $258.0 | ||||
Taxes (40%) | 258.4 | 103.2 | ||||
Net income |
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Common dividends |
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Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars)
2016 | 2015 | |||||
Assets | ||||||
Cash and equivalents | $31.0 | $26.0 | ||||
Accounts receivable | 299.0 | 260.0 | ||||
Inventories | 748.0 | 650.0 | ||||
Total current assets | $1,078.0 | $936.0 | ||||
Net plant and equipment | 943.0 | 754.0 | ||||
Total assets |
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Liabilities and Equity | ||||||
Accounts payable | $257.0 | $234.0 | ||||
Accruals | 150.0 | 130.0 | ||||
Notes payable | 65.0 | 52.0 | ||||
Total current liabilities | $472.0 | $416.0 | ||||
Long-term bonds | 650.0 | 520.0 | ||||
Total liabilities | $1,122.0 | $936.0 | ||||
Common stock | 814.4 | 708.0 | ||||
Retained earnings | 84.6 | 46.0 | ||||
Common equity | $899.0 | $754.0 | ||||
Total liabilities and equity |
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Write out your answers completely. For example, 25 million should be entered as 25,000,000.
What was the 2016 free cash flow?
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