FINANCIAL STATEMENTS ATTACHED ALREADY – Overview: The final project for this course is the creation of a financial statement analysis. A business’s financial statements offer important insights into its
performance and financial health that help guide internal managers’ and external investors’ resource allocations. For a financial analyst, being able to accurately
read and interpret these statements is a critical tool in making sound recommendations to clients or company executives. Analysts also need to understand how
the limitations of these statements and the legal and ethical obligations that underpin them impact business decisions.
Prompt: In this milestone, you will submit your chosen company’s financial statements for a three-year period and a portion of the analysis step (Part II),
Section A: Financial Statements’ Role. First, submit the three financial statements, including 1) income statement, 2) balance sheet, and 3) cash flow statement
for a three-year period for your chosen company (one that has been in existence for at least five years). Lastly, you will define the purpose of the three financial
statements and explain why it is important that these statements be completed accurately and ethically.
Specifically, the following critical elements must be addressed:
I. Financial Statements. Locate and submit the following financial statements for your chosen company for the last three years:
a) Income Statement
b) Balance Sheet
c) Statement of Cash Flow
II. Analysis.
a) Describe the financial statements’ roles in evaluating company performance. Briefly and in general terms:
1. Assess the strengths and limitations of financial statement analysis in evaluating a company’s performance. Be sure to explain how those
strengths and limitations affect your analysis. In other words, what can the company’s financial statements tell you about its
performance and limitations, and how does that information affect interpretation of results?
2. Explain why it is important that these statements be completed accurately and ethically and what the ramifications are if they are not.
Guidelines for Submission: Your paper must be submitted as a 2–3 page Microsoft Word document with double spacing, 12-point Times New
Balance Sheet
(In Thousands) (USD)
Total Assets
Current Assets
Total Liabilities
Long Term Debt
Stockholders’ Equity
Total Assets per Share
Current Liabilities
Net Assets per Share
2022
2021
2020
364840000 333779000 301311000
169684000 184406000 181915000
198298000 191791000 183007000
47032000
50074000
59578000
166542000 141988000 118304000
48.88
44.39
39.8
95082000
88657000
72310000
22.31
18.88
15.63
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Cash Flow
(In Thousands) (USD)
Cash from Operations
Cash from Investing
Cash from Financing
Capital Expenditures
Cash Flow per Share
Cash & Cash Equivalents, Beginning of Year
Cash & Cash Equivalents, End of Year
2022
2021
2020
89035000
76740000
60675000
-30311000
-27577000
-12223000
-58876000
-48486000
-46031000
23886000
20622000
15441000
11.81
10.09
7.9
14224000
13576000
11356000
13931000
14224000
13576000
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Income Statement
(In Thousands) (USD)
Total Revenue
EBITDA
Operating Income
Net Income
Revenue per Share
EPS from Continuing Operations
EPS – Net Income – Diluted
Share Outstanding
Weighted Average Shares Outstanding – Basic
Weighted Average Shares Outstanding – Diluted
Earnings per Share – Basic
2022
2021
2020
198270000 168088000 143015000
83697600
80617000
63647000
83383000
69916000
52959000
72738000
61271000
44281000
26.45
22.27
18.74
9.65
8.05
5.76
9.65
8.05
5.76
7464000
7519000
7571000
7496000
7547000
7610000
7540000
7608000
7683000
9.7
8.12
5.82
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