Show All Your Work! Refer to the balance sheet and income statement for Sempra Energy (SRE), the parent company of SDG&E. Please calculate the following financial ratios for the fiscal year that ended December 31, 2019:
- 1)Operating Margin
- 2)Return on Assets ?(ROA)
- 3)Return on Equity ?(ROE, a.k.a. Return on Investments, ROI)
- 4)Current Ratio
- 5)Acid Test Ratio ?(a.k.a. Quick Ratio)
- 6)Times Interest Earned
Sempra Energy (SRE) Income Statement Period Ending (All numbers in thousands) 1213112019 1213112018 1213112017 1213112016 1213112015 Revenue Total Revenue (a.k.a. net sales, annual sales, the "top line") 10,817,000 11,661,000 11,191,000 10,201,000 10,189,000 Cost of Revenue 4,103,000 5,229,000 5,272,000 5,223,000 5,128,000 Gross Prot 6,714,000 6,432,000 5,919,000 4,978,000 5,061,000 Operating Expenses Research and Development 0 0 0 0 0 Selling, General, and Administrative 3,466,000 3,308,000 3,117,000 2,969,000 2,896,000 Non Recurring 0 0 0 0 0 Others 496,000 472,000 436,000 426,000 423,000 Total Operating Expenses 3,962,000 3,780,000 3,553,000 3,395,000 3,319,000 Operating Income (Less) 2,752,000 2,652,000 2,366,000 1,583,000 1,742,000 Income from Continuing Operations Total Other Income 1 Expenses Net 1,099,000 479,000 302,000 292,000 225,000 Earnings Before Interest and Taxes 3,851,000 2,173,000 2,064,000 1,875,000 1,967,000 Interest Expense 1,433,000 1,127,000 514,000 553,000 561,000 Income Before Tax 1,734,000 1,046,000 1,550,000 1,322,000 1,406,000 Income Tax Expense (315,000) (79,000) 389,000 389,000 341,000 Minority Interest (148,000) 76,000 34,000 (438,000) (285,000) Net Income from Continuing Operations 2,197,000 1,049,000 1,127,000 1,371,000 1,350,000 Non-recurring Events Discontinued Operations 0 0 0 0 0 Extraordinary Items (142,000) 0 0 0 0 Effect of Accounting Changes 0 0 0 0 0 Other Items 0 0 0 0 0 Net Income (a.k.a. net prot, the "bottom line") 2,055,000 1,049,000 1,127,000 1,371,000 1,350,000 Source: CNBC.com Sempra Energy {SRE} Balance Sheet Period Ending (All numbers in thousands) 1213112019 1213112013 1213112017 1213112016 1213112015 Assets Current Assets Cash and Cash Equivalents 139,000 225,000 416,000 415,000 430,000 Short-term Investments 0 0 0 0 0 Accounts Receivables 1,860,000 1,918,000 1,694,000 1,623,000 1,509,000 Inventory 277,000 296,000 307,000 258,000 293,000 Other Current Assets 1,063,000 1,167,000 337,000 314,000 654,000 Total Current Assets 3,339,000 3,606,000 3,304,000 3,1 10,000 2,891,000 Long Term Investments 11,519,000 10,301,000 3,574,000 3,940,000 4,499,000 Property, Plant, and Equipment 37,043,000 36,796,000 35,257,000 32,931,000 23,039,000 Goodwill 3,058,000 3,332,000 2,402,000 2,364,000 819,000 Intangible Assets 568,000 608,000 596,000 543,000 404,000 Accumulated Amortization 0 0 0 0 0 Other Assets 9,495,000 4,389,000 4,659,000 4,659,000 4,373,000 Deferred Long Term Asset Charges 488,000 416,000 455,000 234,000 120,000 Total Assets 65,510,000 60,448,000 50,247,000 47,736,000 41,150,000 Liabilities Current Liabilities Accounts Payable 1,239,000 1,474,000 1,523,000 2,215,000 2,015,000 Short 1 Current Long Term Debt 5,031,000 3,752,000 2,967,000 2,775,000 1,535,000 Other Current Liabilites 2,880,000 2,297,000 2,145,000 937,000 1,012,000 Total Current Liablltles 9,150,000 7,523,000 6,635,000 5,927,000 4,812,000 Long Term Debt 20,758,000 21,611,000 16,455,000 14,351,000 13,233,000 Other Liabilities 7,337,000 6,366,000 6,336,000 6,336,000 6,071,000 Deferred Long Term Liability Charges 6,433,000 5,714,000 5,559,000 5,701,000 4,605,000 Minority Interest 527,000 520,000 639,000 2,270,000 750,000 Negative Goodwill (500,000) (495,000) (480,000) (270,000) 0 Total Llablltles 43,705,000 41,239,000 35,144,000 34,815,000 29,321,000 Stockholders' Equity Misc Stocks Options Warrants 20,000 20,000 20,000 20,000 20,000 Redeemable Preferred Stock 0 0 0 0 0 Preferred Stock 0 0 0 0 0 Common Stock 7,480,000 5,540,000 3,149,000 2,932,000 2,821,000 Retained Earnings 11,130,000 10,104,000 10,147,000 10,717,000 9,994,000 Treasury Stock (117,000) (147,000) (37,000) 0 0 Capital Surplus 0 0 0 0 0 Other Stockholder Equiy (732,000) (656,000) (826,000) (748,000) (806,000) Total Stockholders' Equity 17,761,000 14,841,000 12,633,000 12,951,000 11,809,000 Source: CNBC. com
