rom 2015 to 2019, what was the total cash flow that Mydeco generated from operations? What fraction of the total in (a) was spe
rom 2015 to 2019, what was the total cash flow that Mydeco generated from operations? What fraction of the total in (a) was spe
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 55CE
Related questions
Question
- From 2015 to 2019, what was the total
cash flow that Mydeco generated from operations? - What fraction of the total in (a) was spent on capital expenditures?
- What fraction of the total in (a) was spent paying dividends to shareholders?
- What was Mydeco's total
retained earnings for this period?
Transcribed Image Text:2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp.
(All data as of fiscal year end; in $ millions, except share price, which is $/share)
2018
Income Statement
2015
2016
2017
2019
Revenue
395.2
360.5
420.6
512.3
602.6
Cost of Goods Sold
(184.3)
(174.7)
(202.4)
(247.0)
(292.3)
Gross Profit
210.9
185.8
218.2
265.3
310.3
Sales and Marketing
(66.3)
(61.1)
(25.9)
(67.7)
(58.3)
(25.1)
(83.5)
(60.4)
(35.7)
(101.5)
(65.1)
(37.9)
(116.1)
(78.0)
(40.3)
Administration
Depreciation & Amortization
EBIT
57.6
34.7
38.6
60.8
75.9
Interest Income (Expense)
(32.5)
(32.3)
(34.0)
(37.1)
(39.1)
Pretax Income
25.1
2.4
4.6
23.7
36.8
Income Tax
(8.8)
(0.8)
(1.6)
(8.3)
(12.9)
Net Income
16.3
1.6
3.0
15.4
23.9
Shares Outstanding (millions)
Earnings per Share
Balance Sheet
54.1
54.1
54.1
54.1
54.1
$0.30
$0.03
$0.06
$0.28
$0.44
2015
2016
2017
2018
2019
Assets
Cash
46.9
70.1
80.7
76.0
87.5
Accounts Receivable
88.8
68.6
71.4
77.3
87.3
Inventory
34.9
30.8
29.2
31.5
35.5
Total Current Assets
170.6
169.5
181.3
184.8
210.3
349.4
Net Property, Plant & Equipment
Goodwill & Intangibles
248.1
244.2
313.4
351.9
358.5
358.5
358.5
358.5
358.5
Total Assets
777.2
772.2
853.2
892.7
920.7
Liabilities & Stockholders' Equity
Accounts Payable
Accrued Compensation
17.6
18.1
22.1
26.7
32.3
6.4
6.1
6.8
7.4
10.6
Total Current Liabilities
24.0
24.2
28.9
34.1
42.9
Long-Term Debt
498.7
498.7
575.4
601.3
601.3
Total Liabilities
522.7
522.9
604.3
635.4
644.2
Stockholders' Equity
254.5
249.3
248.9
257.3
276.5
Total Liabilities & Stockholders' Equity
777.2
772.2
853.2
892.7
920.7
Statement of Cash Flows
2015
2016
2017
2018
2019
Net Income
16.3
1.6
3.0
15.4
23.9
Depreciation & Amortization
Change in Accounts Receivable
Change in Inventory
Change in Pay. & Accrued Comp.
Cash from Operations
25.9
25.1
35.7
37.9
40.3
- 2.8
(10.0)
(4.0)
3.9
20.2
(5.9)
(2.3)
(2.9)
4.1
1.6
1.6
0.2
4.7
5.2
8.8
44.8
51.2
42.2
50.3
59.0
Capital Expenditures
(23.0)
(23.0)
(4.8)
(23.2)
(23.2)
(4.8)
(103.5)
(76.1)
(76.1)
(4.8)
(40.4)
(40.4)
(7.1)
Cash from Investing Activ.
(103.5)
(4.8)
Dividends Paid
Sale (or Purchase) of Stock
Debt Issuance (Pay Down)
76.7
25.9
21.1
Cash from Financing Activ.
Change in Cash
Mydeco Stock Price
(4.8)
(4.8)
71.9
(7.1)
(4.7)
$8.84
17.0
23.2
10.6
11.5
$8.18
$2.67
$5.55
$10.58
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