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Sonos Operating Model All $ in '000s and USD, unless otherwise stated Fiscal Period 2019 2020 2021 2022 2023 2024 2025 ending 9/28/19 10/3/20 10/2/21 10/1/22 9/30/23 9/29/24 9/28/25 weeks 53.0 52.0 52.0 52.0 52.1 52.0 x Control Case Toggle: Bull 3 Circuit Breaker No Company Name: Sonos Ticker: NASDAQ:SONO Last Price: 32.26 Investment Horiz 2 yrs Balance Sheet Err:522 x Assumptions x Income Statement Revenue Growth 5.2% 29.4% 15.0% 15.0% 15.0% 15.0% Base 11.0% 11.0% 11.0% 11.0% 11% CAGR Bear 8.0% 8.0% 8.0% 8.0% 8% CAGR Bull 15.0% 15.0% 15.0% 15.0% 15% CAGR Gross Margin 41.8% 43.1% 47.2% 47.0% 47.0% 47.0% 47.0% Base 46.0% 46.0% 46.0% 46.0% 46.0% Bear 44.0% 44.0% 44.0% 44.0% 44.0% Bull 47.0% 47.0% 47.0% 47.0% 47.0% R&D 13.6% 16.2% 13.4% 13.5% 13.5% 13.5% 13.5% 13.5% S&M 19.6% 19.9% 15.9% 18.0% 18.0% 18.0% 18.0% 18.0% G&A 8.2% 9.1% 8.9% 9.0% 9.0% 9.0% 9.0% 9.0%
SBC 3.7% 4.3% 3.6% 4.0% 4.0% 4.0% 4.0% 4.0% Tax rate - - - - x Working Capital A/R Days ### ### ### ### ### ### ### flat line Inventory Days ### ### ### ### ### ### ### flat line Prepaid assets as % of OpEx 3.4% 2.9% 4.8% 4.8% 4.8% 4.8% 4.8% flat line A/P Days ### ### ### ### ### ### ### flat line Accrued expenses as % of OpEx 13.4% 7.5% 16.5% 16.5% 16.5% 16.5% 16.5% flat line Accrued compensation as % of S&M 16.6% 16.9% 28.6% 28.6% 28.6% 28.6% 28.6% flat line x Depreciation Schedule Beginning PP&E 71,341 86,148 96,365 100,281 ( + ) CapEx / Acquisitions 59,228 68,112 78,329 90,078 ( - ) Depreciation (44,421) (57,895) (74,412) (90,078) Ending PP&E 71,341 86,148 96,365 100,281 100,281 CapEx as % of Revenue 1.8% 2.5% 2.7% 3.0% 3.0% 3.0% 3.0% 3.0% Dep. as % of CapEx 156.8% 110.3% 74.4% 75.0% 85.0% 95.0% 100.0% 5.0%, +10%
x Income Statement Revenue ### ### ### ### ### ### ### Cost of revenue (733,480) (754,372) (906,750) ### ### ### ### Gross Profit 527,343 571,956 809,994 927,900 ### ### ### R&D (171,174) (214,672) (230,078) (266,525) (306,503) (352,479) (405,350) S&M (247,599) (263,539) (272,124) (355,366) (408,671) (469,972) (540,467) G&A (102,871) (120,978) (152,828) (177,683) (204,335) (234,986) (270,234) EBIT 5,699 (27,233) 154,964 128,327 147,576 169,712 195,169 Interest income 4,349 1,998 146 Err:522 Err:522 Err:522 Err:522 cuit breaker Interest expense (2,499) (1,487) (592) – – – – Other income, net (8,625) 6,639 2,407 – – – – EBT (1,076) (20,083) 156,925 Err:522 Err:522 Err:522 Err:522 Income Tax Expense/(Benefit) (3,690) (32) 1,670 Err:522 Err:522 Err:522 Err:522 Net Income (4,766) (20,115) 158,595 Err:522 Err:522 Err:522 Err:522 Per Share Items Basic EPS ($0.05) ($0.18) $1.30 Err:522 Err:522 Err:522 Err:522 Weighted Avg. Basic Shares Out. 103,783 109,807 122,245 122,245 122,245 122,245 122,245 flat line Diluted EPS ($0.05) ($0.18) $1.13 Err:522 Err:522 Err:522 Err:522 Weighted Avg. Diluted Shares Out. 103,783 109,807 140,309 140,309 140,309 140,309 140,309 Supplemental Items EBITDA 42,114 9,193 188,846 ### ### ### ### Margin 3.3% 0.7% 11.0% 8.8% 9.1% 9.4% 9.5%
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x Cash Flow Statement Net Income Err:522 Err:522 Err:522 Err:522 D&A 36,415 36,426 33,882 44,421 57,895 74,412 90,078 SBC 46,575 57,610 62,127 78,970 90,816 104,438 120,104 Change in: AR (15,117) (17,384) (19,992) (22,991) Inventory (28,503) (32,045) (36,852) (42,379) Prepaid assets (6,952) (5,768) (6,634) (7,629) AP 33,101 37,215 42,797 49,216 Accrued expenses 23,838 19,780 22,747 26,159 Accrued compensation 23,767 15,219 17,502 20,127 Deferred revenue 13,425 6,187 7,115 8,182 Total Cash from Ops. Err:522 Err:522 Err:522 Err:522 CapEx (23,222) (33,035) (45,531) (59,228) (68,112) (78,329) (90,078) Total Cash from Investing (59,228) (68,112) (78,329) (90,078) Cash from Financing - - - Net Change in Cash Err:522 Err:522 Err:522 Err:522 Change in WC 43,559 23,203 26,684 30,686
x Balance Sheet ASSETS Cash & equiv. 338,641 407,100 640,101 Err:522 Err:522 Err:522 Err:522 Restricted cash 179 191 - - - - - AR 102,743 54,935 100,779 115,896 133,280 153,272 176,263 Inventory 219,784 180,830 185,130 213,633 245,678 282,530 324,909 Prepaid assets and other 17,762 17,321 31,504 38,456 44,224 50,858 58,487 Total CA 679,109 660,377 957,514 Err:522 Err:522 Err:522 Err:522 PPE, net 78,139 60,784 71,341 86,148 96,365 100,281 100,281 Operating lease ROU - 42,342 33,841 33,841 33,841 33,841 33,841 Goodwill - 15,545 15,545 15,545 15,545 15,545 15,545 Intangible assets, net 1,018 26,394 24,450 24,450 24,450 24,450 24,450 DTA 1,154 1,800 10,028 10,028 10,028 10,028 10,028 Other 2,185 8,809 26,085 26,085 26,085 26,085 26,085 Total Assets 761,605 816,051 ### Err:522 Err:522 Err:522 Err:522 LIABILITIES AP 251,941 250,328 214,996 248,097 285,312 328,109 377,325 Accrued expenses 69,856 45,049 108,029 131,867 151,648 174,395 200,554 Accrued compensation 41,142 44,517 77,695 101,462 116,681 134,183 154,311 STD 8,333 6,667 - - - - - Deferred revenue, current 13,654 15,304 35,866 41,246 47,433 54,548 62,730 w/ revenue Other 17,548 31,150 39,544 39,544 39,544 39,544 39,544 Total CL 402,474 393,015 476,130 562,216 640,617 730,778 834,463 Operating lease liabilities - 50,360 33,960 33,960 33,960 33,960 33,960 LTD 24,840 18,251 - - - - - Deferred revenue 42,795 47,085 53,632 61,677 61,677 61,677 61,677 w/ revenue DTL - 2,434 2,394 2,394 2,394 2,394 2,394 Other 10,568 7,067 3,646 3,646 3,646 3,646 3,646 Total Liabilities 480,677 518,212 569,762 663,893 742,294 832,455 936,140 Common stock 110 114 129 129 129 129 129 Treasury stock (13,498) (20,886) (50,276) (50,276) (50,276) (50,276) (50,276) APIC 502,757 548,993 690,462 769,432 860,248 964,686 ###
Accumulated deficit (208,377) (228,492) (69,897) Err:522 Err:522 Err:522 Err:522 Accumulated OCL (64) (1,890) (1,376) (1,376) (1,376) (1,376) (1,376) Total Equity 280,928 297,839 569,042 Err:522 Err:522 Err:522 Err:522 Total Liabilities And Equity 761,605 816,051 ### Err:522 Err:522 Err:522 Err:522 Check - - - Err:522 Err:522 Err:522 Err:522 x x
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Sonos DCF All $ in '000s and USD, unless otherwise stated Fiscal Period 2019 2020 2021 2022 2023 ending 9/28/19 10/3/20 10/2/21 10/1/22 9/30/23 weeks 53.0 52.0 52.0 52.0 x UFCF Build Discount period 1.0 2.0 Mid-year Convention 0.50 1.50 EBIT ### 147,576 NOPAT ### ### Add: D&A 44,421 57,895 Less: Capital Expenditures (59,228) (68,112) Less: Change in NWC 43,559 23,203 Unlevered Free Cash Flow ### 160,562 PV Unlevered Free Cash Flow ### ### x WACC Risk-free rate 2.0% Market cap 100.0% MRP 4.9% Debt - Beta 1.9 D+E ### Cost of Equity 11.4% Cost of Debt - Tax rate - After-tax Cost of Debt - WACC 11.4% x Enterprise Value ($ in millions) 2025 EBITDA $285,247 NTM EBITDA Multiple 13.0x Terminal Value ### Implied Perpetuity Growth Rate 5.0% PV Terminal Value ### % of Enterprise Value 100.0% Enterprise Value ### Less: Debt – Less: Minority Interest – Add: Cash $640,101 Equity Value ### Fully Diluted Shares Outstanding ### Implied Share Price $31.00 x
2024 2025 9/29/24 52.1 3.0 4.0 2.50 3.50 ### ### ### ### 74,412 90,078 (78,329) (90,078) 26,684 30,686 ### ### ### ###

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Provide any additional journal entries or adjusting journal entries needed to properly record accounts receivable and allowance for doubtful accounts. → BrandMakers maintains a subsidiary ledger for accounts receivable. → Note that BrandMakers does not offer sales discounts. Also, BrandMakers does not have one uniform set of payment terms. → Payment terms are specified in the contract. → In prior years, BrandMakers utilized the following percentages as estimates of uncollectible accounts. BrandMakers will use the same percentages in the current year. Aging Category Current 1-30 days past due 31-60 days past due Greater than 60 days past due Percent Estimated to be Uncollectible 1% 5% 10% 25% → The ledger for the beginning of the year and the end of the year can be found in the attached picture. Also, this worksheet includes an analysis of what occurred during the current year in the accounts that were open as of the beginning of the year.
Courses Mastering Chernie X 2MateryCheme X loud/modules/unproctoredTest.QuestionSheet McCraith-Sectic x Updte Help Caroline Achienge S01243611acadceduLogout all 2021 I Chapter 1 Consumer Finance / Section 1.5 Digital Exercises Gradebook. Extemat kercises Remaining Time Unimted Suppose you are paid $3,000 per month and your employer's 401(k) matches your contributions by 10% up to a maximum of 15% of your pay. Assuming you max-out your retirement savings and you work for 25 years, how much will the 401(k) be worth when you retire (if you can get an APR of 8% during your work years)? If you are taxed at a rate of 27%, then how much will you have when you retire? Round all answers to 2 decimal places. Before taxes retirement amount $ Number After taxes retirement amount $ Number Submit Assignment Quit & Save Васк Question Menu 4 Next 38°F Partly sunny A 0) 411 PM 11/19/202 end home delete prt sc 144 4+ 4- 40 num lock backspace & 8. 6. 7. home |近
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Class Specificatio WileyPLUS X myStanState Port Bb Ch 16 WP - 2019 + L- https://edugen.wileyplus.com/edugen/student/mainfr.uni Kieso, intermeaiate ACCounting, 16e INTERMED. ACCOUNTING (ACC 31I0/- Assignment Gradebook ORION Downloadable eTextbook nt CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 16-23 Your answer is partially correct. Try again. On June 1, 2015, Sage Company and Pronghorn Company merged to form Stellar Inc. A total of 876,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1, 2017, the company issued an additional 637,000 shares of stock for cash. All 1,513,000 shares were outstanding on December 31, 2017. Stellar Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2017. Each $1,000 bond converts to 44 shares of common at any interest date. None of the bonds have been converted to date. Stellar Inc. is preparing its annual report for the fiscal year ending December 31, 2017. The…
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CengageNOWV21 Assignme e CengageNOW2| Onlin X+ v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator%-D&inprogress%3false Calculator Equipment with a cost of $154,708 has an estimated residual value of $9,391 and an estimated life of 4 years or 14,267 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used for 3,671 hours? Oa. $36,329.25 Ob. $37,391.09 Oc. $38,677.00 Od. $37,430.68 Previous Next 8:22 AM IN APA
File Tools View UTS MK I GSL 20-21 (19.10.20 -13.30) - Word (Product Activation Failed) W UTS MK I GSL 20-21 (19.10.20 -13.30) * x Document2 Problem 1 Balance Shet Income Statement PT. MaTaHtari PT. MATAH+ari For the year Ended December 31 For the year Ended December 31 2019 2018 ASSET Sales Revenue 10.000.000.000 Cash 550.000.000 700.000.000 Cost of Good Sold 6.400.000.000 Marketable Securities 500.000.000 300.000.000 Gross Profit Account Receivable 700.000.000 550.000.000 Inventory 750.000.000 650.000.00D 3.600000.000 Total Currevt Assit 2.500.000.000 2.200.000.000 Operating Expenses Selling Expenses 200.000.000 Gross Fixed Asset 3.000.000.000 General & Administrative Expenses 150.000.000 4.000.000.000 Less : Accumulated Depreciation Depreciation Expenses 250.000.000 500.000.000 200.000.000 Nett Fred Assit Total Operating Expenses 3.500.000.000 2.800.000.000 600.000.000 Operating Profit TOTAL ASSET 6.000.000.000 5.000.000.000 3.000.000.000 Interest Expenses JABILITIBS E STOCKHOLDER'S…
Identity D Assignments: [Spring 2022] ACC X O Question 13 - Chapter 2 Homew X Eto.mheducation.com/ext/map/index.html?_con%3con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fr 2 Homework a Saved Exercise 2-29 (Algo) Calculating and Interpreting the debt ratio LO A2 Company DreamWorks Pixar Universal Expenses $ 30,000 79, 000 16, 00 Total Assets $ 60,000 154, 000 76, 000 Net Income $ 27, 000 39,000 5, 800 Total Liabilities $ 45, 600 147, 800 21, 000 a. Compute the debt ratio for each of the three companies. (Round your answers to 2 decimal places.) Company Debt Ratio DreamWorks Pixar Universal b. Which company has the most financial leverage? Largest financial leverage 13 of 15 Next > < Prev
Home Insert Page Layout Formulas Data Review View Help - 10 - A A Insert v Σ Arial ab General EXDelete v BIU $- % 9 0 0 Conditional Format as Cell Sort & Formatting Table - Styles v Format v Filter oard Font Alignment Number Styles Cells Editing fr C D H. The following amounts summarize the financial position of Little Black Dog Inc. on May 31, 2021: В F G IJK L M N O P Q R S V W Assets Liabilities Shareholders' Equity %D Cash + Accounts Computers + + Supplies + Land Accounts + Note Salaries + Interest Common + Retained Receivable (net) Payable Payable Payable Payable Shares Earnings Balance 1820 700 70 8400 5600 2800 2590 During June 2021, the business completed these transactions: June 1: Received cash of $6300 and issued common shares. June 1: Bought two computers for a total of $5600 by paying $1400 down and signing a note payable for the rest. Interest of 5% to be paid with the note payable on June 1, 2022. The computers are expected to last 5 years. June 5: Performed services for…
7-2 Project: Company Accour x 121. Project Guidelines and Rubric x 121. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress3false eBook Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $224,540 Interest expense 39,620 Average total assets Determine the return on total assets. If required, round the answer to one decimal place. 1.8 Check My Work Divide the sum of net income and interest expense by average total assets. Previa Check My Work ADE dy
age X * Cengage X Cengage X Cengage x MindTar x MindTap X G module x S ACC202 com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Journalizing Installment Notes On the first day of the fiscal year, a company issues $52,000, 11%, five-year installment notes that have annual payments of $14,070. The first note payment consists of $5,720 of interest and $8,350 of principal repayment. a. Journalize the entry to record the issuance of the installment notes. If an amount box does not require an entry, leave it blank. 38 b. Journalize the first annual note payment. If an amount box does not require an entry, leave it blank. Previous Next Check My Work 6:34 PM 55°F 11/27/2021
What is the amount of the total paid-in capital? What makes up this amount?
uni 403 a Cha Pra (Ch Preview File Edit View Go Tools Window Help mgt120h-j17.pdf Page 7 of 10 0 CC Search b. Company B has current assets of $234,000, total assets of $459,000, and equity of $100,000. The company wants to reorganize its liabilities so that is current ratio is 2: 1. If it does, what will its noncurrent liabilities be? S QSun Apr 16 1:23 PM
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AutoSave We FIN333 Final Exam 10.2020 OFF Design References Mailings Review View O Tell me 2 Share O Comments Home Insert Draw Layout v A A° = E v E E E Aa v AaBbCcDdE AaBb AaBbCcDdEe AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdEe AaBbCcDdEe U v ab A v I v A = == = Paste х, х Normal No Spacing Subtle Emph. Styles Pane В I Heading 1 Heading 2 Title Subtitle Emphasis Cash Flows -69 Risk Free Rate 4.0% Beta of company's stock Risk Premium on average 11 2.3 14 stock 5.5% 10 13 16 15 15 11 16 15 10 35 Using the IRR approach to capital budgeting, should the firm adopt this project? Hint: you will need to apply the CAPM to estimate the firm's cost of equity capital. Please compare the IRR to the cost of capital: IRR Cost of Capital (Required Return) Difference (IRR - Cost of Capital) #1 What is that difference? A Between -10.0% and -4.0% B Between -4.0% and 0.0% C Between 0.0% and 4.0% D Between 4.0% and 10.0% Page 1 of 10 133 of 734 words DE English (United States) O Focus 120%
A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab tab gr Jill bought a $730 rocking chair. The terms of her revolving charge are 2% on the unpaid balance from the previous month. If she pays $100 per month, complete a schedule for the first 3 months like Table 14.3. Be sure to use the U.S. Rule. (Round your final answers to the nearest cent.) Monthly Outstanding Amount of Outstanding balance due 2.0% interest Reduction in рayment number monthly payment balance due payment balance due acer 3.
T1o T12 T18 28 30 T36 TAO 18 16 20 22 24 126 32 34 38 To 2 91 Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Balance Ending Balance 14,000 $ 27,000 $ 62,000 $ 22,000 9,000 77,000 Raw materials Work in process 24 $ Finished Goods The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,000 machine-hours and incur $231,000 in manufacturing overhead cost. The following transactions were recorded for the year: kh Raw materials were purchased, $315,000. Raw materials were requisitioned for use in production, $307,000 ($281,000 direct and $26,000 indirect). The following employee costs were incurred: direct labor, $377,000; indirect labor, $96,000; and administrative salaries, $172,000. Selling costs, $147,000. Factory utility costs, $10,000. Depreciation for…
ngage X * Cengag X Cengage X Cengage x MindTap x MindTar x G module x S ACC202 x v.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Capital and Revenue Expenditures On August 5, GTS Co. paid $3,280 to repair the transmission on one of its delivery vans. In addition, GTS paid $57 to install a GPS system in its van. Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank. August 5 Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank. 88 August 5 Check My Work Previous 6:34 PM 11/27/2021 55°F
AutoSave OFF Home Insert X Paste E36 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 A Ready D 2 - C Draw Page Layout Calibri (Body) V 11 B I U A. V V B UDENCRUIVIIVIIL & FRITCITOU. CONSOLIDATED BALANCE SHEETS Formulas V fx (In millions, except par value amounts) ASSETS CURRENT ASSETS: Cash and Equivalents Marketable Securities Receivables Inventories Other Current Assets TOTAL CURRENT ASSETS PROPERTY AND EQUIPMENT, NET OTHER ASSETS TOTAL ASSETS CURRENT LIABILITIES: Accounts Payable Other Liabilities and Accrued Expenses Income Taxes Payable TOTAL CURRENT LIABILITIES NONCURRENT LIABILITIES: Long-Term Debt Other Liabilities TOTAL NONCURRENT LIABILITIES STOCKHOLDERS' EQUITY: Class A Common Stock, $0.01 par value: 150,000 shares authorized and 103,300 shares issued Additional Paid-In Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock, at Average Cost - 17,662 and 16,054 at December…
29,30 answer
3 Question W Marshal E OM83600 X (3) Slow Awaken P instructi ezto mheducation.com/ext/map/index.html?_con%3con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mhedu nwk i Saved Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2818 Current assets $ 764 $ 981 1, 931 $4 24 $ 843 Other assets 2,424 1,730 $2,573 Total assets $3,188 $2,912 Current liabilities $ 588 $ 841 1,034 2$ $ 734 Long-term liabilities Stockholders' equity 1, 582 1, 018 910 1,037 929 Total liabilities and stockholders' equity $3,188 $2,912 $2,573 ces WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019 Income statement data; Sales $3,061 $2,924 Operating income Interest expense Net income Other data: 307 321 95 76 224 219 Average number of common shares outstanding Total dividends paid 42.4 47.8 $ 61.0 $ 53.4 Prev 1 of 2 Next > acer
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