rv.wbn.rec.020 Recording entries using company disclosures, determining their financial-statement effects and analyzing related risks (HP)

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "rv.wbn.rec.020 Recording entries using company disclosures, determining their financial-statement effects and analyzing related risks (HP)"

Transcription

1 Revenue and Related Balance Sheet Concepts» What s Behind the numbers» Receivables» Exercises EXERCISES rv.wbn.rec.020 Recording entries using company disclosures, determining their financial-statement effects and analyzing related risks (HP) This exercise asks you to record entries based on HP s disclosures and then determine how these entries affected HP s financial statements. The entries should be recorded using the accounts on page 5. HP s financial statements and Valuation and Qualifying Accounts (Schedule II of 10K) are on pages Part I: Record Entries Record Keeping This exercise helps you learn how to do record keeping and reporting. Simplifying Assumptions Assume for the purpose of this question that HP s allowance for doubtful accounts is only affected by bad debts and, in particular, that the effects of product returns, sales rebates and other programs offered to customers are immaterial or non-existent. This is likely a reasonable assumption: HP only mentions customer returns once in its K (page 84) and Schedule II reports Addition of bad debt provision, suggesting most, if not all, of the provision is attributable to bad debts. Assume for the purpose of this question that HP writes off the gross margin associated with receivables secured by collateral before recording the recovery of the returned property. For example, if a customer originally purchased a product for $100 on account with $70 cost of sales and HP writes off the account, it records two entries: (i) writes off the $30 portion of the $100 receivable associated with the margin when it decides the account is not collectible and (ii) writes off the remaining $70 receivable when the collateral is recovered. The first entry is the only one that affects the allowance and the only one you are to record here. In terms of wording in HP s Schedule II, the $30 recorded in entry (i) writes off the $100 receivable, net of the $70 recovery: the allowance would report a $30 Deduction, net of recoveries. Search This exercise helps you learn how to search for information. Usage This exercise helps you learn how to use accounting information. Guidance The chart of accounts includes one bad debt expense account. Record the combined expense for accounts receivable and financing receivables into this account. HP s balance sheet reports financing receivables as current and non-current assets. This means HP maintains separate current and non-current accounts for gross financing receivables and for the allowance for bad debts. However, HP s Valuation and Qualifying Accounts (Schedule II) doesn t report separate current and non-current allowances. This means you can t perfectly replicate HP s related entries (into current and non-current accounts). Instead, as indicated in the chart of accounts, you are to record entries into fictitious accounts that combine the current and non-current effects. For example, you will record the bad debt expense associated with current and non-current financing receivables into a single allowance for financing receivables. You may customize this work, as long as you credit G. Peter & Carolyn R. Wilson and respect the Creative Commons Attribution-Noncommercial-Share Alike United States license NavAcc LLC.

2 2 NAVIGATING ACCOUNTING Required (a) Record a journal entry that recognizes HP s bad debts expense for the year ended October 31, Write your entry in the space below using the accounts on page 5. Replenish bad debt allowance Debit Credit (b) Record a journal entry that recognizes HP s write-offs (net of recoveries) of receivables (accounts and financing) for the year ended October 31, Follow the guidance for part (a). Write off bad debts (net of recoveries) Debit Credit Part II: Financial-Statement Effects of Entries Required For the entries you recorded in Part I, complete the related table identifying the HP financial statement line items that would have been directly affected (and the direction of the effects) during the year ended October 31, Choose the most appropriate line items on HP s financial statements. As indicated in the guidance for Part I (a), HP doesn t disclose enough information to record separate amounts for the current and non-current accounts related to financing receivables. However, even though we combined the current and non-current accounts in Part I, here we want you to assume you recorded them separately. That is, you are to identify the line items that were affected when HP wrote off receivables using current and non-current accounts for financing receivables. Guidance: (1) Determine the appropriate line item(s) affected using HP s financial statements on pages 6-9 For example, write cash and cash equivalents rather than cash because this is on HP s balance sheet. (2) Include line item(s) directly affected, including the effect(s) of closing entries for events affecting income. Ignore taxes. (3) Don t include totals or sub-totals indirectly affected by the entry. For example, don t report net income on the income statement. However, net income is NOT a total on the statement of shareholders equity. (4) Three or four lines were included below for each statement, but you may need none or more than one line. Write NONE if no line item is effected on the statement.

3 EXERCISE 3 (5) Indicate if the effect(s) of the entries associated with the event increased or decreased the line item. Put an X in the appropriate column if the above event increases or decreases that line item. Be sure to mark only one box in each statement s row. NOTE: If a reported negative number changes from -2 to -3, it decreases; if it changes from - 2 to - 1, it increases. (c) Replenishing the allowances: Replenish bad debt allowance CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF INCOME Line Items Increases Decreases Line Items Increases Decreases CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY STATEMENT OF CASH FLOWS Line Items Increases Decreases Line Items Increases Decreases (d) Writing off receivables: Write off bad debts (net of recoveries) CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF INCOME Line Items Increases Decreases Line Items Increases Decreases CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY STATEMENT OF CASH FLOWS Line Items Increases Decreases Line Items Increases Decreases

4 4 NAVIGATING ACCOUNTING Part III: Risk comparisons Required (e) Note 11 of HP s K reports $7,693 of gross financing receivables (current and non-current) at the end of fiscal 2012 with an allowance for doubtful accounts of $149 (page 122). Thus, the allowance is 1.94% of gross financing receivables. HP s balance sheet reports $16,407 of accounts receivable at the end of fiscal 2012 and the Valuation and Qualifying Allowances table (Schedule II) reports $464 of related allowance for doubtful accounts. Thus, gross accounts receivable were $16,871 and the allowance was 2.75% of gross accounts receivable. This suggests the credit risk associated with accounts receivable was slightly greater than the risk associated with the financing receivables. Based solely on the following background information and concepts covered thus far, hypothesize two reasons accounts receivable may have been riskier than financing receivables. Background information The following quotes are from HP s K (trade receivables are the same as accounts receivable): Moreover, some of our wholesale and retail distributors may have insufficient financial resources and may not be able to withstand changes in business conditions, including economic weakness and industry consolidation. Many of our significant distributors operate on narrow product margins and have been negatively affected by business pressures. Considerable trade receivables that are not covered by collateral or credit insurance are outstanding with our distribution and retail channel partners. (Page 26) HP sells a significant portion of its products through third-party distributors and resellers and, as a result, maintains individually significant receivable balances with these parties. If the financial condition or operations of all of these distributors and resellers aggregated accounts deteriorate substantially, HP s operating results could be adversely affected. The ten largest distributor and reseller receivable balances, which were concentrated primarily in North America and Europe, collectively represented approximately 14% of gross accounts receivable at both October 31, 2012 and October 31, No single customer accounts for more than 10% of accounts receivable. Credit risk with respect to other accounts receivable and financing receivables is generally diversified due to the large number of entities comprising HP s customer base and their dispersion across many different industries and geographical regions. HP performs ongoing credit evaluations of the financial condition of its third-party distributors, resellers and other customers and requires collateral, such as letters of credit and bank guarantees, in certain circumstances. The past due or delinquency status of a receivable is based on the contractual payment terms of the receivable. (Page 88) Financing receivables represent sales-type and direct-financing leases resulting from the placement of HP and third-party products. These receivables typically have terms from two to five years and are usually collateralized by a security interest in the underlying assets. Financing receivables also include billed receivables from operating leases. (Page 122)

5 EXERCISE 5 ASSETS Current AR C Inven PrEx CHART OF ACCOUNTS Accounts receivable ARG Accounts receivable, gross ARall Allowance for bad debts: accounts receivable Cash and cash equivalents Inventories FGI Finished goods inventories SIdr Segregated inventories: deferred revenue Prepaid expenses Current and non-current combined (Fictitious accouts that allow outsiders to record related entries using footnote information.) FR Financing receivables (current and non current combined) FRG Financing receivables, gross FRall Allowance for bad debts: financing receivables Non-current PPE Property, plant, and equipment, net PPEhc PP&E (historical cost) AcDep Accumulated depreciation LIABILITIES Current AP Accounts payable AcrL Accrued liabilities DivP Dividend payable Drev Deferred revenue Non-current LTD Long-term debt OWNERS' EQUITY Permanent RE SCap Net income BadEx CGS DepEx G/L IncS MSGA Rev Retained earnings Share capital Bad debt expense: accounts receivable & financing receivables Cost of goods sold Depreciation expense Gain/loss PPEGL Gain/Loss on PP&E disposals ONOGL Other non-operating gains/losses Income summary Miscellaneous SG&A expense Revenues, net

6 6 NAVIGATING ACCOUNTING HEWLETT PACKARD COMPANY AND SUBSIDIARIES Consolidated Balance Sheets October In millions, except par value ASSETS Current assets: Cash and cash equivalents $11,301 $8,043 Accounts receivable 16,407 18,224 Financing receivables 3,252 3,162 Inventory 6,317 7,490 Other current assets 13,360 14,102 Total current assets 50,637 51,021 Property, plant and equipment 11,954 12,292 Long-term financing receivables and other assets 10,593 10,755 Goodwill 31,069 44,551 Purchased intangible assets 4,515 10,898 Total assets $108,768 $129,517 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Notes payable and short-term borrowings $6,647 $8,083 Accounts payable 13,350 14,750 Employee compensation and benefits 4,058 3,999 Taxes on earnings 846 1,048 Deferred revenue 7,494 7,449 Accrued restructuring Other accrued liabilities 13,500 14,459 Total current liabilities 46,666 50,442 Long-term debt 21,789 22,551 Other liabilities 17,480 17,520 Commitments and contingencies Stockholders' equity: HP stockholders' equity Preferred stock, $0.01 par value (300 shares authorized; none issued) Common stock, $0.01 par value (9,600 shares authorized; 1,963 and ,991 shares issued and outstanding, respectively) Additional paid-in capital 6,454 6,837 Retained earnings 21,521 35,266 Accumulated other comprehensive loss (5,559) (3,498) Total HP stockholders' equity 22,436 38,625 Non-controlling interests Total stockholders' equity 22,833 39,004 Total liabilities and stockholders' equity $108,768 $129,517 Hewlett Packard K, sec.gov

7 EXERCISE 7 HEWLETT PACKARD COMPANY AND SUBSIDIARIES Consolidated Statements of Earnings For the fiscal years ended October In millions, except per share amounts Net revenue: Products $77,887 $84,757 $84,799 Services 42,008 42,039 40,816 Financing income Total net revenue 120, , ,033 Costs and expenses: Cost of products 59,468 65,167 65,064 Cost of services 32,600 31,945 30,486 Financing interest Research and development 3,399 3,254 2,959 Selling, general and administrative 13,500 13,577 12,822 Amortization of purchased intangible assets 1,784 1,607 1,484 Impairment of goodwill and purchased intangible assets 18, Restructuring charges 2, ,144 Acquisition-related charges Total operating expenses 131, , ,554 (Loss) earnings from operations (11,057) 9,677 11,479 Interest and other, net (876) (695) (505) (Loss) earnings before taxes (11,933) 8,982 10,974 Provision for taxes (717) (1,908) (2,213) Net (loss) earnings ($12,650) $7,074 $8,761 Net (loss) earnings per share: Basic ($6.41) $3.38 $3.78 Diluted ($6.41) $3.32 $3.69 Weighted-average shares used to compute net (loss) earnings per share: Basic 1,974 2,094 2,319 Diluted 1,974 2,128 2,372 Hewlett Packard K, sec.gov

8 8 NAVIGATING ACCOUNTING HEWLETT PACKARD COMPANY AND SUBSIDIARIES Consolidated Statements of Stockholders' Equity Common Stock Number of Shares Par Value Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive (Loss) Income Total HP Stockholders' Equity Noncontrolling Interests Total In millions, except number of shares in thousands Balance October 31, ,364,809 $24 $13,804 $29,936 ($3,247) $40,517 $247 $40,764 Net earnings 8,761 8,761 8,761 Other comprehensive loss (590) (590) (590) Comprehensive income 8,171 8,171 Issuance of common stock in connection 80, ,606 2,607 2,607 with employee stock plans and other Repurchases of common stock (241,246) (3) (5,809) (5,259) (11,071) (11,071) Net excess tax benefits from employee stock plans Cash dividends declared (743) (743) (743) Stock-based compensation expense Changes in non-controlling interest Balance October 31, ,203,898 $22 $11,569 $32,695 ($3,837) $40,449 $332 $40,781 Net earnings 7,074 7,074 7,074 Other comprehensive income Comprehensive income 7,413 7,413 Issuance of common stock in connection 45, with employee stock plans and other Repurchases of common stock (258,853) (3) (6,296) (3,669) (9,968) (9,968) Net excess tax benefits from employee stock plans Cash dividends declared (834) (834) (834) Stock-based compensation expense Changes in non-controlling interest Balance October 31, ,990,506 $20 $6,837 $35,266 ($3,498) $38,625 $379 $39,004 Net loss (12,650) (12,650) (12,650) Other comprehensive loss (2,061) (2,061) (2,061) Comprehensive loss (14,711) (14,711) Issuance of common stock in connection 39, with employee stock plans and other Repurchases of common stock (66,736) (1,525) (101) (1,626) (1,626) Net excess tax benefits from employee stock plans (175) (175) (175) Cash dividends declared (995) (995) (995) Stock-based compensation expense Changes in non-controlling interest Balance October 31, ,962,838 $20 $6,454 $21,521 ($5,559) $22,436 $397 $22,833 Hewlett Packard K, sec.gov

9 EXERCISE 9 Cash flows from operating activities: HEWLETT PACKARD COMPANY AND SUBSIDIARIES Consolidated Statements of Cash Flows For the fiscal years ended October In millions Net (loss) earnings $ (12,650) $ 7,074 $ 8,761 Adjustments to reconcile net (loss) earnings to net cash provided by operating activities: Depreciation and amortization 5,095 4,984 4,820 Impairment of goodwill and purchased intangible assets 18, Stock-based compensation expense Provision for doubtful accounts accounts and financing receivables Provision for inventory Restructuring charges 2, ,144 Deferred taxes on earnings (711) Excess tax benefit from stock-based compensation (12) (163) (294) Other, net 265 (46) 169 Changes in operating assets and liabilities: Accounts and financing receivables 1,269 (227) (2,398) Inventory 890 (1,252) (270) Accounts payable (1,414) 275 (698) Taxes on earnings (320) Restructuring (840) (1,002) (1,334) Other assets and liabilities (2,356) (293) 89 Net cash provided by operating activities 10,571 12,639 11,922 Cash flows from investing activities: Investment in property, plant and equipment (3,706) (4,539) (4,133) Proceeds from sale of property, plant and equipment Purchases of available-for-sale securities and other investments (972) (96) (51) Maturities and sales of available-for-sale securities and other investments Payments in connection with business acquisitions, net of cash acquired (141) (10,480) (8,102) Proceeds from business divestiture, net Net cash used in investing activities (3,453) (13,959) (11,359) Cash flows from financing activities: (Payments) issuance of commercial paper and notes payable, net (2,775) (1,270) 4,156 Issuance of debt 5,154 11,942 3,156 Payment of debt (4,333) (2,336) (1,323) Issuance of common stock under employee stock plans ,617 Repurchase of common stock (1,619) (10,117) (11,042) Excess tax benefit from stock-based compensation Cash dividends paid (1,015) (844) (771) Net cash used in financing activities (3,860) (1,566) (2,913) Increase (decrease) in cash and cash equivalents 3,258 (2,886) (2,350) Cash and cash equivalents at beginning of period 8,043 10,929 13,279 Cash and cash equivalents at end of period $ 11,301 $ 8,043 $ 10,929 Hewlett Packard K, sec.gov

10 10 NAVIGATING ACCOUNTING HEWLETT PACKARD COMPANY AND SUBSIDIARIES Valuation and Qualifying Accounts For the fiscal years ended October In millions Allowance for doubtful accounts accounts receivable: Balance, beginning of period $470 $525 $629 Increase in allowance from acquisitions 27 7 Addition of bad debt provision Deductions, net of recoveries (106) (105) (191) Balance, end of period $464 $470 $525 Allowance for doubtful accounts financing receivables: Balance, beginning of period Additions to allowance Deductions, net of recoveries (23) (68) (44) Balance, end of period $149 $130 $140 Hewlett Packard K, sec.gov

EMC CORPORATION Consolidated Income Statements (in thousands, except per share amounts) Unaudited

EMC CORPORATION Consolidated Income Statements (in thousands, except per share amounts) Unaudited EMC CORPORATION Consolidated Income Statements (in thousands, except per share amounts) March 31, March 31, 2012 2011 Revenues: Product sales $ 3,068,857 $ 2,931,259 Services 2,025,521 1,676,359 5,094,378

More information

Bischoff s Entries Study Aid

Bischoff s Entries Study Aid Consolidated Statements of Cash Flows Three years ended December 25,1999 (in millions -except per share amounts) 1999 1998 1997 Cash and cash equivalents, beginning of year $2,038 $4,102 $4,165 Cash flows

More information

HP INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts)

HP INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (In millions, except per share amounts) 2015 Three months ended July 31, 2015 2014 Net revenue $ 25,714 $ 25,349 $ 28,406 Costs and expenses: Cost of sales

More information

Consolidated Balance Sheets

Consolidated Balance Sheets Consolidated Balance Sheets March 31 2015 2014 2015 Assets: Current assets Cash and cash equivalents 726,888 604,571 $ 6,057,400 Marketable securities 19,033 16,635 158,608 Notes and accounts receivable:

More information

AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions)

AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) CONSOLIDATED STATEMENTS OF CASH FLOWS CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD $ 8,084 $ 5,269 $ 3,777 OPERATING ACTIVITIES: Net income (loss) 274 (39) 631 Adjustments to reconcile net income (loss)

More information

cs.hun.acf.020 Interpreting cash flow statement information (Yum! Brands case Part 1)

cs.hun.acf.020 Interpreting cash flow statement information (Yum! Brands case Part 1) Cash-Flow Statements» How Do I Use the Numbers?» Analyzing cash flows: Basics» Exercises www.navigatingaccounting.com EXERCISES cs.hun.acf.020 Interpreting cash flow statement information (Yum! Brands

More information

! "#$ %&!& "& ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& "#$ ) &!&.

! #$ %&!& & ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& #$ ) &!&. ! "#!""#$%$#$#$"& $'"()*+,$-).,/ 012! "#$ %&!& "& '!(&)!*&%+,-).//0 -#$#3-4' &,'1$1# $!-!(.//0)& +01+///2 *&& - 3+4 &*!&-.,,5///2!(.//+ &!(!-6%(!(.//.$(!(.//0)& 01,///2 //+2% &*!&- 5,0///2 //32%!(.//+

More information

WESTERN DIGITAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS. (in millions; unaudited) ASSETS

WESTERN DIGITAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS. (in millions; unaudited) ASSETS CONDENSED CONSOLIDATED BALANCE SHEETS (in millions; unaudited) ASSETS Apr. 1, July 3, 2016 2015 Current assets: Cash and cash equivalents $ 5,887 $ 5,024 Short-term investments 146 262 Accounts receivable,

More information

EQUINIX, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - GAAP PRESENTATION (in thousands, except per share data) (unaudited)

EQUINIX, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - GAAP PRESENTATION (in thousands, except per share data) (unaudited) CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - GAAP PRESENTATION (in thousands, except per share data) Recurring revenues $ 314,727 $ 282,117 $ 216,517 $ 834,080 $ 610,384 Non-recurring revenues 15,620

More information

Consolidated balance sheet

Consolidated balance sheet 83 Consolidated balance sheet December 31 Non-current assets Goodwill 14 675.1 978.4 Other intangible assets 14 317.4 303.8 Property, plant, and equipment 15 530.7 492.0 Investment in associates 16 2.5

More information

ACER INCORPORATED AND SUBSIDIARIES. Consolidated Balance Sheets

ACER INCORPORATED AND SUBSIDIARIES. Consolidated Balance Sheets Consolidated Balance Sheets June 30, 2015, December 31, 2014, and (June 30, 2015 and 2014 are reviewed, not audited) Assets 2015.6.30 2014.12.31 2014.6.30 Current assets: Cash and cash equivalents $ 36,400,657

More information

Investments and advances... 313,669

Investments and advances... 313,669 Consolidated Financial Statements of the Company The consolidated balance sheet, statement of income, and statement of equity of the Company are as follows. Please note the Company s consolidated financial

More information

SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited)

SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) July 3, (a) ASSETS Current assets: Cash and cash equivalents $ 1,193 $ 2,479 Short-term investments 6 6 Accounts receivable, net 1,250 1,735 Inventories

More information

Consolidated Financial Statements. FUJIFILM Holdings Corporation and Subsidiaries. March 31, 2015 with Report of Independent Auditors

Consolidated Financial Statements. FUJIFILM Holdings Corporation and Subsidiaries. March 31, 2015 with Report of Independent Auditors Consolidated Financial Statements FUJIFILM Holdings Corporation and Subsidiaries March 31, 2015 with Report of Independent Auditors Consolidated Financial Statements March 31, 2015 Contents Report of Independent

More information

Interim Consolidated Financial Statements (Unaudited)

Interim Consolidated Financial Statements (Unaudited) Interim Consolidated Financial Statements (Unaudited) For the Six Months Ended, NTT FINANCE CORPORATION This document has been translated and reclassified from a part of the Japanese

More information

Operating Revenues Service revenues and other $ 28,217 $ 28,611 (1.4) Wireless equipment revenues 3,954 3,373 17.2 Total Operating Revenues

Operating Revenues Service revenues and other $ 28,217 $ 28,611 (1.4) Wireless equipment revenues 3,954 3,373 17.2 Total Operating Revenues Condensed Consolidated Statements of Income (dollars in millions, except per share amounts) Operating Revenues Service revenues and other $ 28,217 $ 28,611 (1.4) Wireless equipment revenues 3,954 3,373

More information

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS

More information

Statement of Financial Accounting Standards No. 25. Statement of Financial Accounting Standards No.25. Business Combinations

Statement of Financial Accounting Standards No. 25. Statement of Financial Accounting Standards No.25. Business Combinations Statement of Financial Accounting Standards No. 25 Statement of Financial Accounting Standards No.25 Business Combinations Revised on 30 November 2006 Translated by Ling-Tai Lynette Chou, Professor (National

More information

SanDisk Corporation Preliminary Condensed Consolidated Statements of Operations (in thousands, except per share amounts, unaudited)

SanDisk Corporation Preliminary Condensed Consolidated Statements of Operations (in thousands, except per share amounts, unaudited) Preliminary Condensed Consolidated Statements of Operations (in thousands, except per share amounts, unaudited) Revenue $ 1,634,011 $ 1,476,263 $ 3,145,956 $ 2,816,992 Cost of revenue 854,640 789,614 1,595,679

More information

EMERSON AND SUBSIDIARIES CONSOLIDATED OPERATING RESULTS (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED)

EMERSON AND SUBSIDIARIES CONSOLIDATED OPERATING RESULTS (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED) CONSOLIDATED OPERATING RESULTS (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED) TABLE 1 Quarter Ended March 31, Percent Change Net Sales $ 5,854 $ 5,919 1% Costs and expenses: Cost of sales 3,548 3,583

More information

Analyzing the Statement of Cash Flows

Analyzing the Statement of Cash Flows NACM Central Region Credit Conference 2012 Analyzing the Statement of Cash Flows John A. Jaeger, CCE Manager Credit & Accounts Receivable Follett Higher Education Group 1 1 Analyzing the Statement of Cash

More information

Consolidated Statements of Profit or Loss Ricoh Company, Ltd. and Consolidated Subsidiaries For the Years Ended March 31, 2014 and 2015

Consolidated Statements of Profit or Loss Ricoh Company, Ltd. and Consolidated Subsidiaries For the Years Ended March 31, 2014 and 2015 Consolidated Statements of Profit or Loss Sales: Products 1,041,794 1,071,446 8,928,717 Post sales and rentals 1,064,555 1,068,678 8,905,650 Other revenue 89,347 91,818 765,150 Total sales 2,195,696 2,231,942

More information

Introduction to Statements of Cash Flows

Introduction to Statements of Cash Flows Consolidated Statements of Cash Flows Three years ended December 25,1999 (in millions -except per share amounts) 1999 1998 1997 Cash and cash equivalents, beginning of year $2,038 $4,102 $4,165 Cash flows

More information

MEDTRONIC, INC. WORLD WIDE REVENUE (Unaudited)

MEDTRONIC, INC. WORLD WIDE REVENUE (Unaudited) WORLD WIDE REVENUE ($ millions) 1 2 3 4 1 2 3 4 FY11 FY11 FY11 FY11 FY11 FY12 FY12 FY12 FY12 FY12 QTR 1 QTR 2 QTR 3 QTR 4 Total QTR 1 QTR 2 QTR 3 QTR 4 Total REPORTED REVENUE : CARDIAC RHYTHM DISEASE MANAGEMENT

More information

Consolidated Statement of Profit or Loss

Consolidated Statement of Profit or Loss Consolidated Statement of Profit or Loss Sales: Products 864,699 1,041,794 $ 10,114,505 Post sales and rentals 941,610 1,064,555 10,335,485 Other revenue 79,686 89,347 867,447 Total sales 1,885,995 2,195,696

More information

As of December 31, 2014. As of December 31, 2015. Assets Current assets:

As of December 31, 2014. As of December 31, 2015. Assets Current assets: Assets Current assets: Alphabet Inc. CONSOLIDATED BALANCE SHEETS (In millions, except share and par value amounts which are reflected in thousands, and par value per share amounts) As of December 31, 2014

More information

HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results

HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results HP Inc. 1501 Page Mill Road Palo Alto, CA 94304 hp.com News Release HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results Editorial contacts HP Inc. Media Relations MediaRelations@hp.com

More information

Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014)

Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) 28/4/2014 Name of registrant: ShinMaywa Industries, Ltd. Stock Exchange Listed: Tokyo Code number: 7224 (URL: http://www.shinmaywa.co.jp

More information

NORWEGIAN CRUISE LINE HOLDINGS LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited, in thousands, except share and per share data)

NORWEGIAN CRUISE LINE HOLDINGS LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited, in thousands, except share and per share data) CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited, in thousands, except share and per share data) Revenue Passenger ticket $ 583,923 $ 490,322 $ 1,400,470 $ 1,257,871 Onboard and other 213,962 184,089 569,479

More information

SUPPLEMENTAL INVESTOR INFORMATION. Fourth Quarter 2012

SUPPLEMENTAL INVESTOR INFORMATION. Fourth Quarter 2012 SUPPLEMENTAL INVESTOR INFORMATION Fourth Quarter 2012 Kevin Bryant Tony Carreño VP Investor Relations and Strategic Director Investor Relations Planning & Treasurer 816-556-2782 816-654-1763 anthony.carreno@kcpl.com

More information

Investments and advances... 344,499

Investments and advances... 344,499 Consolidated Financial Statements of the Company The consolidated balance sheet, statement of income, and statement of equity of the Company are as follows. Please note the Company s consolidated financial

More information

SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS

SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) June 28, ASSETS Current assets: Cash and cash equivalents $ 2,259 $ 1,708 Short-term investments 47 480 Restricted cash and investments 4 101 Accounts

More information

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited)

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited) Exhibit 1 General Motors Company and Subsidiaries The accompanying tables and charts include earnings before interest and taxes adjusted for special items, presented net of noncontrolling interests, (EBIT-adjusted)

More information

2-8. Identify whether each of the following items increases or decreases cash flow:

2-8. Identify whether each of the following items increases or decreases cash flow: Problems 2-8. Identify whether each of the following items increases or decreases cash flow: Increase in accounts receivable Increase in notes payable Depreciation expense Increase in investments Decrease

More information

NIKE Case Study. Professor Corwin. An overview of the individual questions and their relation to the lecture topics is provided below.

NIKE Case Study. Professor Corwin. An overview of the individual questions and their relation to the lecture topics is provided below. NIKE Case Study Professor Corwin This case study includes several problems related to the valuation of Nike. We will work through these problems throughout the course to demonstrate some of the most important

More information

TIME WARNER CABLE INC. CONSOLIDATED BALANCE SHEET (Unaudited)

TIME WARNER CABLE INC. CONSOLIDATED BALANCE SHEET (Unaudited) CONSOLIDATED BALANCE SHEET June 30, December 31, 2011 2010 (in millions) ASSETS Current assets: Cash and equivalents...$ 3,510 $ 3,047 Receivables, less allowances of $86 million and $74 million as of

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10 - Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10 - Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10 - Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED JUNE 30,

More information

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited)

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited) Exhibit 1 General Motors Company and Subsidiaries The accompanying tables and charts include earnings before interest and taxes adjusted for special items, presented net of noncontrolling interests (EBIT-adjusted),

More information

KYODO PRINTING CO., LTD. and Consolidated Subsidiaries

KYODO PRINTING CO., LTD. and Consolidated Subsidiaries KYODO PRINTING CO., LTD. and Consolidated Subsidiaries Interim Consolidated Financial Statements (Unaudited) for the, Interim Consolidated Balance Sheets, as compared with March 31, (Unaudited) ASSETS,

More information

Consolidated Financial Results for the nine months of Fiscal Year 2010

Consolidated Financial Results for the nine months of Fiscal Year 2010 Consolidated Financial Results for the nine months of Fiscal Year 2010 (Fiscal Year 2010: Year ending March 31, 2010) Noritake Co., Limited Company Name Stock Exchange Listings Tokyo, Nagoya Code Number

More information

DELL INC. Condensed Consolidated Statement of Income and Related Financial Highlights (in millions, except per share data and percentages) (unaudited)

DELL INC. Condensed Consolidated Statement of Income and Related Financial Highlights (in millions, except per share data and percentages) (unaudited) Condensed Consolidated Statement of Income and Related Financial Highlights (in millions, except per share data and percentages) Three Months Ended % Growth Rates August 2, May 3, August 3, 2013 2013 2012

More information

FLEET MANAGEMENT SOLUTIONS INC.

FLEET MANAGEMENT SOLUTIONS INC. FLEET MANAGEMENT SOLUTIONS INC. (Formerly: Silverton Mining Corp.) CONSOLIDATED FINANCIAL STATEMENTS (unaudited prepared by management) March 31, 2013 (Expressed in US Dollars) 1 FLEET MANAGEMENT SOLUTIONS

More information

ITRON, INC. CONSOLIDATED STATEMENTS OF OPERATIONS

ITRON, INC. CONSOLIDATED STATEMENTS OF OPERATIONS , INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited, in thousands, except per share data) Revenues $ 497,590 $ 446,746 Cost of revenues 334,387 308,324 Gross profit 163,203 138,422 Operating expenses

More information

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited)

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited) Exhibit 1 General Motors Company and Subsidiaries The accompanying tables and charts include earnings before interest and taxes adjusted for special items, presented net of noncontrolling interests (EBIT-adjusted),

More information

Consolidated Financial Statements (For the fiscal year ended March 31, 2013)

Consolidated Financial Statements (For the fiscal year ended March 31, 2013) Consolidated Financial Statements (For the fiscal year ended ) Consolidated Balance Sheets Current assets: Cash and deposits Other Assets Notes receivable, accounts receivable from completed construction

More information

COMPONENTS OF THE STATEMENT OF CASH FLOWS

COMPONENTS OF THE STATEMENT OF CASH FLOWS ILLUSTRATION 24-1 OPERATING, INVESTING, AND FINANCING ACTIVITIES COMPONENTS OF THE STATEMENT OF CASH FLOWS CASH FLOWS FROM OPERATING ACTIVITIES + Sales and Service Revenue Received Cost of Sales Paid Selling

More information

KOREAN AIR LINES CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements

KOREAN AIR LINES CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements Consolidated Financial Statements December 31, 2015 (With Independent Auditors Report Thereon) Contents Page Independent Auditors Report 1 Consolidated Statements of Financial Position 3 Consolidated Statements

More information

is.wbn.is.je.030 Recording journal entries, posting to T-Accounts, and creating income statements (Bryan s Health & Fitness)

is.wbn.is.je.030 Recording journal entries, posting to T-Accounts, and creating income statements (Bryan s Health & Fitness) Income Statements» What s Behind Income Statements» Exercises www.navigatingaccounting.com SOLUTIONS is.wbn.is.je.030 Recording journal entries, posting to T-Accounts, and creating income statements (Bryan

More information

Financial Results. siemens.com

Financial Results. siemens.com s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014

More information

INDEX TO FINANCIAL STATEMENTS. Balance Sheets as of June 30, 2015 and December 31, 2014 (Unaudited) F-2

INDEX TO FINANCIAL STATEMENTS. Balance Sheets as of June 30, 2015 and December 31, 2014 (Unaudited) F-2 INDEX TO FINANCIAL STATEMENTS Page Financial Statements Balance Sheets as of and December 31, 2014 (Unaudited) F-2 Statements of Operations for the three months ended and 2014 (Unaudited) F-3 Statements

More information

SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements

SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES Consolidated Financial Statements Report of Independent Public Accountants To the Board of Directors of Sumitomo Densetsu Co., Ltd. : We have audited the consolidated

More information

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF INCOME (Unaudited; in millions, except per share amounts)

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF INCOME (Unaudited; in millions, except per share amounts) CONSOLIDATED STATEMENTS OF INCOME (Unaudited; in millions, except per share amounts) Three months ended Nine months ended 2013 2012 2013 2012 sales $ 2,067 $ 2,038 $ 5,863 $ 5,866 Cost of sales 1,166 1,149

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) FY 2014 FY 2015 % change Q4 2014 Q4 2015 % change un Revenue 2,620 2,646 1.0% 711 672-5.5% Cost of sales (1,813) (1,804) -0.5% (489) (464) -5.1%

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q È QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS 3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS (1) Consolidated Quarterly Balance Sheets September 30, 2014 and March 31, 2014 Supplementary Information 2Q FY March 2015 March 31, 2014 September 30, 2014

More information

MGC Diagnostics Corporation Reports Fiscal Year 2015 Financial Results

MGC Diagnostics Corporation Reports Fiscal Year 2015 Financial Results MGC Diagnostics Corporation 350 Oak Grove Parkway Saint Paul, MN 55127 Telephone: (651) 484-4874 Facsimile: (651) 484-4826 FOR IMMEDIATE RELEASE MGC Diagnostics Corporation Reports Fiscal Year 2015 Financial

More information

Analyzing the Statement of Cash Flows

Analyzing the Statement of Cash Flows Analyzing the Statement of Cash Flows Operating Activities NACM Upstate New York Credit Conference 2015 By Ron Sereika, CCE,CEW NACM 1 Objectives of this Educational Session u Show how the statement of

More information

CISCO SYSTEMS, INC. FORM 10-Q. (Quarterly Report) Filed 02/18/15 for the Period Ending 01/24/15

CISCO SYSTEMS, INC. FORM 10-Q. (Quarterly Report) Filed 02/18/15 for the Period Ending 01/24/15 CISCO SYSTEMS, INC. FORM 10-Q (Quarterly Report) Filed 02/18/15 for the Period Ending 01/24/15 Address 170 WEST TASMAN DR SAN JOSE, CA 95134-1706 Telephone 4085264000 CIK 0000858877 Symbol CSCO SIC Code

More information

Office Depot Announces First Quarter 2012 Results. May 1, :02 AM ET

Office Depot Announces First Quarter 2012 Results. May 1, :02 AM ET Office Depot Announces First Quarter 2012 Results May 1, 2012 7:02 AM ET BOCA RATON, Fla., May 01, 2012 (BUSINESS WIRE) --Office Depot, Inc. (NYSE: ODP), a leading global provider of office supplies and

More information

Financial statements of ČEZ, a. s. as of December 31, 2013

Financial statements of ČEZ, a. s. as of December 31, 2013 Financial statements of ČEZ, a. s. as of December 31, 2013 In terms of Section 19a of the Accounting Act, the financial statements of ČEZ, a. s. as of December 31, 2013 were compiled in accordance with

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period

More information

HOPKINTON, Mass., April 24, 2013 - HIGHLIGHTS:

HOPKINTON, Mass., April 24, 2013 - HIGHLIGHTS: HOPKINTON, Mass., April 24, 2013 - HIGHLIGHTS: Record first-quarter revenue, non-gaap net income, non-gaap EPS, operating cash flow and free cash flow Year-over-year revenue growth across U.S. and major

More information

Consolidated Balance Sheets March 31, 2001 and 2000

Consolidated Balance Sheets March 31, 2001 and 2000 Financial Statements SEIKAGAKU CORPORATION AND CONSOLIDATED SUBSIDIARIES Consolidated Balance Sheets March 31, 2001 and 2000 Assets Current assets: Cash and cash equivalents... Short-term investments (Note

More information

FINANCIAL SUMMARY. (All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

FINANCIAL SUMMARY. (All financial information has been prepared in accordance with U.S. generally accepted accounting principles) FINANCIAL SUMMARY FY2015 First Quarter (April 1, 2014 through June 30, 2014) English translation from the original Japanese-language document TOYOTA MOTOR CORPORATION FY2015 First Quarter Consolidated

More information

SanDisk Corporation Preliminary Condensed Consolidated Statements of Operations (in thousands, except per share amounts, unaudited)

SanDisk Corporation Preliminary Condensed Consolidated Statements of Operations (in thousands, except per share amounts, unaudited) Preliminary Condensed Consolidated Statements of Operations (in thousands, except per share amounts, unaudited) Revenue $ 1,543,150 $ 1,735,254 $ 5,564,872 $ 6,627,701 Cost of revenue 889,472 962,445 3,196,583

More information

CARDIOME PHARMA CORP.

CARDIOME PHARMA CORP. Consolidated Financial Statements (Expressed in thousands of United States (U.S.) dollars) (Prepared in accordance with generally accepted accounting principles used in the United States of America (U.S.

More information

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited)

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited) Exhibit 1 General Motors Company and Subsidiaries The accompanying tables and charts include earnings before interest and taxes adjusted for special items, presented net of noncontrolling interests (EBIT-adjusted)

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2013 Q3 2014 % change 9m 2013 9m 2014 % change Revenue 689 636-7.7% 2,126 1,909-10.2% Cost of sales (497) (440) -11.5% (1,520) (1,324) -12.9%

More information

FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION KYOCERA CORPORATION

FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION KYOCERA CORPORATION FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month

More information

TransUnion Reports Third Quarter 2014 Results

TransUnion Reports Third Quarter 2014 Results TransUnion Reports Third Quarter 2014 Results Revenue of $338 million, an increase of 13 percent on a GAAP basis (14 percent on a constant currency basis) compared with the third quarter of 2013 Adjusted

More information

Boss Holdings, Inc. 2015 Fiscal Year End Report

Boss Holdings, Inc. 2015 Fiscal Year End Report Boss Holdings, Inc. 1221 Page Street Kewanee, IL 61443 PH: 800.447.4581 F: 309.852.0848 2015 Fiscal Year End Report Consolidated revenues of Boss Holdings, Inc. (the Company ) for the fourth quarter of

More information

Office Depot Announces Fourth Quarter and Full Year 2009 Results. February 23, :07 AM ET

Office Depot Announces Fourth Quarter and Full Year 2009 Results. February 23, :07 AM ET Office Depot Announces Fourth Quarter and Full Year 2009 Results February 23, 2010 7:07 AM ET BOCA RATON, Fla., Feb 23, 2010 (BUSINESS WIRE) -- Office Depot, Inc. (NYSE:ODP), a leading global provider

More information

FINANCIAL SUPPLEMENT December 31, 2015

FINANCIAL SUPPLEMENT December 31, 2015 FINANCIAL SUPPLEMENT December 31, 2015 Monster Worldwide, Inc. (together with its consolidated subsidiaries, the Company, Monster, we, our or us ) provides this supplement to assist investors in evaluating

More information

EMC Q1 2014 Financial Results

EMC Q1 2014 Financial Results EMC Q1 2014 Financial Results Tony Takazawa Vice President, Global Investor Relations April 23, 2014 1 Forward-Looking Statements This presentation contains forward-looking statements as defined under

More information

YAHOO INC FORM 10-Q. (Quarterly Report) Filed 08/07/15 for the Period Ending 06/30/15

YAHOO INC FORM 10-Q. (Quarterly Report) Filed 08/07/15 for the Period Ending 06/30/15 YAHOO INC FORM 10-Q (Quarterly Report) Filed 08/07/15 for the Period Ending 06/30/15 Address YAHOO! INC. 701 FIRST AVENUE SUNNYVALE, CA 94089 Telephone 4083493300 CIK 0001011006 Symbol YHOO SIC Code 7373

More information

STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION. BALANCE SHEET As of

STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION. BALANCE SHEET As of STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION BALANCE SHEET As of ASSETS CURRENT ASSETS Cash and Cash Equivalents Cash - Restricted Accounts Receivable - Trade Accounts Receivable

More information

ATS AUTOMATION TOOLING SYSTEMS INC.

ATS AUTOMATION TOOLING SYSTEMS INC. Interim Consolidated Financial Statements For the period ended June 29, 2014 (Unaudited) (Condensed) Interim Consolidated Statements of Financial Position (in thousands of Canadian dollars unaudited) June

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10 - Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10 - Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10 - Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED MARCH 31,

More information

Statement of Cash Flows

Statement of Cash Flows PREPARING THE STATEMENT OF CASH FLOWS: THE INDIRECT METHOD OF REPORTING CASH FLOWS FROM OPERATING ACTIVITIES The work sheet method described in the text book is not the recommended approach. We will provide

More information

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of June 30, 2014 in CZK Millions

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of June 30, 2014 in CZK Millions BALANCE SHEET Assets Property, plant and equipment: 30. 6. 2014 31. 12. 2013 Plant in service 319 440 319 081 Less accumulated provision for depreciation (188 197) (182 282) Net plant in service 131 243

More information

Statement of Cash Flows

Statement of Cash Flows THE CONTENT AND VALUE OF THE STATEMENT OF CASH FLOWS The cash flow statement reconciles beginning and ending cash by presenting the cash receipts and cash disbursements of an enterprise for an accounting

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross

More information

ILLUSTRATION 5-1 BALANCE SHEET CLASSIFICATIONS

ILLUSTRATION 5-1 BALANCE SHEET CLASSIFICATIONS ILLUSTRATION 5-1 BALANCE SHEET CLASSIFICATIONS MAJOR BALANCE SHEET CLASSIFICATIONS ASSETS = LIABILITIES + OWNERS' EQUITY Current Assets Long-Term Investments Current Liabilities Long-Term Debt Capital

More information

Chapter 6 Statement of Cash Flows

Chapter 6 Statement of Cash Flows Chapter 6 Statement of Cash Flows The Statement of Cash Flows describes the cash inflows and outflows for the firm based upon three categories of activities. Operating Activities: Generally include transactions

More information

Thomas A. Bessant, Jr. (817) 335-1100

Thomas A. Bessant, Jr. (817) 335-1100 Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME

More information

PART III. Consolidated Financial Statements of Hitachi, Ltd. and Subsidiaries: Independent Auditors Report 47

PART III. Consolidated Financial Statements of Hitachi, Ltd. and Subsidiaries: Independent Auditors Report 47 PART III Item 17. Financial Statements Consolidated Financial Statements of Hitachi, Ltd. and Subsidiaries: Schedule: Page Number Independent Auditors Report 47 Consolidated Balance Sheets as of March

More information

Summary of Financial Report for the FY ending March 2015 (Non-Consolidated)

Summary of Financial Report for the FY ending March 2015 (Non-Consolidated) Summary of Financial Report for the FY ending March 2015 (Non-Consolidated) April 30, 2015 Listed Company Name: Japan Tissue Engineering Co., Ltd. Listed Securities Exchange: JQ Stock Code: 7774 URL http://www.jpte.co.jp

More information

JOHN WILEY & SONS, INC. UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts)

JOHN WILEY & SONS, INC. UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts) UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts) US GAAP First Quarter Ended Revenue $ 430,069 407,938 5% Costs and Expenses Cost

More information

HSBC FINANCE CORPORATION

HSBC FINANCE CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period

More information

DTS CORPORATION and Consolidated Subsidiaries. Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008

DTS CORPORATION and Consolidated Subsidiaries. Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008 DTS CORPORATION and Consolidated Subsidiaries Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008 DTS CORPORATION and Consolidated Subsidiaries Quarterly Consolidated

More information

Overview of Business Results for the Second Quarter of Fiscal Year Ending March 2015 [Japanese Standard Form] (Consolidated)

Overview of Business Results for the Second Quarter of Fiscal Year Ending March 2015 [Japanese Standard Form] (Consolidated) Overview of Business Results for the Second Quarter of Fiscal Year Ending March 2015 [Japanese Standard Form] (Consolidated) November 6, 2014 Name of the Company: Cosmo Oil Co., Ltd. Shares traded:tse

More information

HOSOKAWA MICRON CORPORATION AND CONSOLIDATED SUBSIDIARIES

HOSOKAWA MICRON CORPORATION AND CONSOLIDATED SUBSIDIARIES AND CONSOLIDATED SUBSIDIARIES Consolidated Financial Statements For the Years Ended December 2016 Consolidated Balance Sheets Current assets: Millions of yen Thousands of U.S. dollars (Note 1) Assets 2016

More information

Verifone Reports Results for the Second Quarter of Fiscal 2016

Verifone Reports Results for the Second Quarter of Fiscal 2016 Verifone Reports Results for the Second Quarter of Fiscal 2016 SAN JOSE, Calif. (BUSINESS WIRE) Verifone (NYSE: PAY), a world leader in payments and commerce solutions, today announced financial results

More information

Johnson & Johnson and Subsidiaries. Consolidated Balance Sheets

Johnson & Johnson and Subsidiaries. Consolidated Balance Sheets Johnson & Johnson and Subsidiaries Consolidated Balance Sheets At January 3, 2016 and December 28, 2014 (Dollars in Millions Except Share and Per Share Amounts) (Note 1) 2015 2014 Assets Current assets

More information

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of March 31, 2015 in CZK Millions

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of March 31, 2015 in CZK Millions BALANCE SHEET Assets Property, plant and equipment: 31. 03. 2015 31. 12. 2014 Plant in service 345,012 344,246 Less accumulated provision for depreciation (199,841) (196,333) Net plant in service 145,171

More information

CHAPTER 23. Statement of Cash Flows 1, 2, 7, 8, 12 3, 4, 5, 6, 16, 17, 19 9, 20 4, 5, 9, 10, 11 10, 13, 15, 16. 7. Worksheet adjustments.

CHAPTER 23. Statement of Cash Flows 1, 2, 7, 8, 12 3, 4, 5, 6, 16, 17, 19 9, 20 4, 5, 9, 10, 11 10, 13, 15, 16. 7. Worksheet adjustments. CHAPTER 23 Statement of Cash Flows ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Format, objectives purpose, and source of statement.

More information

Notes to Consolidated Financial Statements Notes to Non-consolidated Financial Statements

Notes to Consolidated Financial Statements Notes to Non-consolidated Financial Statements This document has been translated from the Japanese original for reference purposes only. In the event of discrepancy between this translated document and the Japanese original, the original shall prevail.

More information

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts)

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) Three months ended March 31, 2006 2005 As Restated Net sales $ 1,262 $ 1,050 Cost of sales 689 621 Gross margin

More information

AL MEERA CONSUMER GOODS COMPANY (Q.S.C.) DOHA - QATAR

AL MEERA CONSUMER GOODS COMPANY (Q.S.C.) DOHA - QATAR DOHA - QATAR INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) FOR THE THREE MONTH PERIOD ENDED 31 MARCH INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) For the three month

More information