Question
Reformulate the balance sheet for the years 2017 & 2018 from the traditionally accepted GAAP format to a format where Net Operating Assets = Net
Reformulate the balance sheet for the years 2017 & 2018 from the traditionally accepted GAAP format to a format where Net Operating Assets = Net Financial Obligations + Common Equity
ASSETS | 2018 |
| 2017 | ||||
Current assets: |
|
|
| ||||
Cash and cash equivalents | $ | 8,756.3 |
| $ | 2,462.3 | ||
Short-term investments | 181.5 |
| 228.6 | ||||
Accounts receivable, net | 693.1 |
| 870.4 | ||||
Inventories | 1,400.5 |
| 1,364.0 | ||||
Prepaid expenses and other current assets | 1,462.8 |
| 358.1 | ||||
Total current assets | 12,494.2 |
| 5,283.4 | ||||
Long-term investments | 267.7 |
| 542.3 | ||||
Equity and cost investments | 334.7 |
| 481.6 | ||||
Property, plant and equipment, net | 5,929.1 |
| 4,919.5 | ||||
Deferred income taxes, net | 134.7 |
| 795.4 | ||||
Other long-term assets | 412.2 |
| 362.8 | ||||
Other intangible assets | 1,042.2 |
| 441.4 | ||||
Goodwill | 3,541.6 |
| 1,539.2 | ||||
TOTAL ASSETS | $ | 24,156.4 |
| $ | 14,365.6 | ||
LIABILITIES AND EQUITY |
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|
| ||||
Current liabilities: |
|
|
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Accounts payable | $ | 1,179.3 |
| $ | 782.5 | ||
Accrued liabilities | 2,298.4 |
| 1,934.5 | ||||
Insurance reserves | 213.7 |
| 215.2 | ||||
Stored value card liability and current portion of deferred revenue | 1,642.9 |
| 1,288.5 | ||||
Current portion of long-term debt | 349.9 |
| |||||
Total current liabilities | 5,684.2 |
| 4,220.7 | ||||
Long-term debt | 9,090.2 |
| 3,932.6 | ||||
Deferred revenue | 6,775.7 |
| 4.4 | ||||
Other long-term liabilities | 1,430.5 |
| 750.9 | ||||
Total liabilities | 22,980.6 |
| 8,908.6 | ||||
Shareholders equity: |
|
|
| ||||
Common stock ($0.001 par value) authorized, 2,400.0 shares; issued and outstanding, 1,309.1 and 1,431.6 shares, respectively | 1.3 |
| 1.4 | ||||
Additional paid-in capital | 41.1 |
| 41.1 | ||||
Retained earnings | 1,457.4 |
| 5,563.2 | ||||
Accumulated other comprehensive loss | (330.3 | ) |
| (155.6 | ) | ||
Total shareholders equity | 1,169.5 |
| 5,450.1 | ||||
Noncontrolling interests | 6.3 |
| 6.9 | ||||
Total equity | 1,175.8 |
| 5,457.0 | ||||
TOTAL LIABILITIES AND EQUITY | $ | 24,156.4 |
| $ | 14,365.6 |
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