Thunderbird Inc: A US Based Tech Company in Phoenix Arizona Income Statement 12 months 12 months In Millions USD Jan-31-2020 Jan-31-2019 Total Revenue (Sales) 74,000 72,000 Cost Of Goods Sold 51,000 49,000 Gross Profit 23,000 23,000 Selling General & Admin Exp. (SGA) 14.400 13,800 Depreciation & Amort 2.200 2,100 Other Operating Exp., Total 6,600 15,900 Operating Income 6,400 7,100 Interest Expense (600) (500 EBT Excl Unusual Items 5,800 6,600 Unusual Items 400 300 EBT Incl. Unusual Items 6,200 6,900 Income Tax Expense 1.600 1,200 Earnings from Cont. Ops. 4,600 5,700 Earnings of Discontinued Ops 40 (4,000) Net Income 4,640 1,700 Dividend 1,000 700 Retained Earnings 3,640 .000 Thunderbird Corp. (NYSE: TGT) Restated Balance Sheet 12 months Restated Average 12 months Jan-31- Average In Millions USD Jan-31-2020 Jan-31-2019 LIABILITIES Jan-31-2020 2019 ASSETS Accounts Payable 7,500 7,800 ,650 Cash And Equivalents 4,000 200 2,100 Accrued Liabilities 1,900 2,000 1,950 Accounts Receivables 800 1, 100 950 Curr. Port. of LT Debt 820 90 455 Inventory 8.600 8,200 8,400 Curr. Income Taxes Payable 500 30 265 Prepaid Exp. 200 230 215 Unearned Revenue, Current 650 600 625 Other Current Assets 500 1,700 1,100 Other Current Liabilities 1,300 1,200 1.250 Total Current Assets 14, 100 11,430 12,765 Total Current Liabilities 12,670 11,720 12, 195 Gross Property, Plant & Equipment 41.400 40,000 40,700 Long-Term Debt 6,410 8,871 7,641 Accumulated Depreciation (16,000) (15,000) (15,500) Unearned Revenue, Non-Current 660 330 Net Property, Plant & Equipment 25,40 25,000 25,200 Pension & Other Post-Retire. Benefits 50 150 100 Long-term Investments 30 60 45 Def. Tax Liability, Non-Curr. 820 1,200 1,010 Goodwill 130 150 140 Other Non-Current Liabilities 1,200 1,500 1,350 Other Intangibles 60 64 62 Total Liabilities 21,810 23,441 22,626 Deferred Charges, LT 80 90 85 EQUITY Other Long-Term Assets 600 1,200 900 Common Stock 50 53 52 Total Assets 40,400 37,994 39,197 Additional Paid In Capital 5,300 4,900 5.100 Retained Earnings 13,240 9,600 11,420 Total Common Equity 18,590 14,553 16,572 Source: Hypothetical company Total Liabilities And Equity 40,400 37,994 39,197