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As Reported Annual Income Statement Report Date Бcale Net sales 2019 2018 2017 Thousands Thousands Thousands 519,926,000 4,038,000 523,964,000 394,605,000 129,359,000 108,791,000 20,568,000 2,262,000 337,000 189,000 510,329,000 4,076,000 514,405,000 385,301,000 129,104,000 107,147,000 495,761,000 4,582,000 500,343,000 373,396,000 126,947,000 106,510,000 20,437,000 1,978,000 352,000 152,000 Membership & other income Total revenues Cost of sales Gross Profit Operating, selling, general & administrative expenses Operating income (loss) nterest expense on debt nterest expense on finance, capital lease & financing obligations nterest income 21,957,000 1,975,000 371,000 217,000 Gain (loss) on extinguishment of debt Other gains & (losses) ncome (loss) before income taxes Provision (benefit) for income taxes ncome (loss) after income taxes Less consolidated net income attributable to noncontrolling interest Net Income (3,136,000) 1,958,000 20,116,000 4,915,000 15,201,000 (320,000) 14,881,000 (8,368,000) 11,460,000 4,281,000 7,179,000 (509,000) 6,670,000 15,123,000 4,600,000 10,523,000 (661,000) 9,862,000 Additional Information Neighted average shares outstanding - basic Neighted average shares outstanding - diluted Year end shares outstanding 2,850,000 2,868,000 2,832,000 2,929,000 2,945,000 2,878,000 2,995,000 3,010,000 2,952,000

As Reported Annual Income Statement Report Date Бcale Net sales 2019 2018 2017 Thousands Thousands Thousands 519,926,000 4,038,000 523,964,000 394,605,000 129,359,000 108,791,000 20,568,000 2,262,000 337,000 189,000 510,329,000 4,076,000 514,405,000 385,301,000 129,104,000 107,147,000 495,761,000 4,582,000 500,343,000 373,396,000 126,947,000 106,510,000 20,437,000 1,978,000 352,000 152,000 Membership & other income Total revenues Cost of sales Gross Profit Operating, selling, general & administrative expenses Operating income (loss) nterest expense on debt nterest expense on finance, capital lease & financing obligations nterest income 21,957,000 1,975,000 371,000 217,000 Gain (loss) on extinguishment of debt Other gains & (losses) ncome (loss) before income taxes Provision (benefit) for income taxes ncome (loss) after income taxes Less consolidated net income attributable to noncontrolling interest Net Income (3,136,000) 1,958,000 20,116,000 4,915,000 15,201,000 (320,000) 14,881,000 (8,368,000) 11,460,000 4,281,000 7,179,000 (509,000) 6,670,000 15,123,000 4,600,000 10,523,000 (661,000) 9,862,000 Additional Information Neighted average shares outstanding - basic Neighted average shares outstanding - diluted Year end shares outstanding 2,850,000 2,868,000 2,832,000 2,929,000 2,945,000 2,878,000 2,995,000 3,010,000 2,952,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate

Operating cash flow to current liabilities

Working capital

As Reported Annual Balance Sheet Report Date Scale 2019 2018 2017 2016 Thousands Thousands Thousands Thousands Assets Cash & cash equivalents 9,465,000 6,284,000 44,435,000 1,622,000 61,806,000 105,208,000 17,424,000 4,417,000 7,722,000 6,283,000 44,269,000 3,623,000 61,897,000 104,317,000 6,756,000 5,614,000 43,783,000 3,511,000 59,664,000 107,675,000 6,867,000 5,835,000 43,046,000 1,941,000 57,689,000 107,710,000 Receivables, net Inventories Prepaid expenses & other current assets Total current assets Property & equipment, net Operating lease right-of-use assets Finance lease right-of-use assets, net Property under capital lease & financing obligations, net 7,078,000 31,181,000 7,143,000 18,242,000 11,798,000 204,522,000 6,468,000 17,037,000 9,921,000 198,825,000 Goodwill Other long-term assets Total assets 31,073,000 16,567,000 236,495,000 14,822,000 219,295,000 Liabilities & Equity Short-term borrowings Accounts payable 575,000 46,973,000 22,296,000 280,000 5,362,000 1,793,000 511,000 5,225,000 47,060,000 22,159,000 428,000 1,876,000 5,257,000 46,092,000 22,122,000 645,000 3,738,000 1,099,000 41,433,000 20,654,000 921,000 Accrued liabilities Accrued income taxes Long-term debt due within one year Operating lease obligations due within one year Finance lease obligations due within one year Capital lease & financing obligations due within one year 2,256,000 729,000 77,477,000 43,520,000 667,000 78,521,000 30,045,000 565,000 66,928,000 36,015,000 Total current liabilities Long-term debt Long-term operating lease obligations Long-term finance lease obligations Long-term capital lease & financing obligations 77,790,000 43,714,000 16,171,000 4,307,000 6,683,000 11,981,000 139,661,000 6,780,000 8,354,000 123,700,000 6,003,000 9,344,000 118,290,000 Deferred income taxes & other liabilities 12,961,000 154,943,000 Total Liabilities Common stock |Capital in excess of par value Retained earnings (accumulated deficit) Accumulated other comprehensive income (loss) Noncontrolling interest Total equity 284,000 3,247,000 83,943,000 (12,805,000) 6,883,000 81,552,000 288,000 2,965,000 80,785,000 (11,542,000) 7,138,000 79,634,000 295,000 2,648,000 85,107,000 (10,181,000) 2,953,000 80,822,000 305,000 2,371,000 89,354,000 (14,232,000) 2,737,000 80,535,000 Additional Information Net cash flows from operating activities 25,255,000 27,753,000 28,337,000 31,530,000 24,526,000 101,006,000 54,488,000 2,316,000 3,474,000 185,810,000 81,493,000 104,317,000 24,801,000 98,547,000 48,998,000 2,845,000 4,301,000 179,492,000 71,782,000 107,710,000 Land Buildings & improvements Fixtures & equipment Transportation equipment Construction in progress Property & equipment, gross Less: accumulated depreciation Property & equipment, net 24,619,000 105,674,000 58,607,000 2,377,000 3,751,000 195,028,000 89,820,000 105,208,000 25,298,000 101,155,000 52,695,000 2,387,000 3,619,000 185,154,000 77,479,000 107,675,000
Transcribed Image Text:As Reported Annual Balance Sheet Report Date Scale 2019 2018 2017 2016 Thousands Thousands Thousands Thousands Assets Cash & cash equivalents 9,465,000 6,284,000 44,435,000 1,622,000 61,806,000 105,208,000 17,424,000 4,417,000 7,722,000 6,283,000 44,269,000 3,623,000 61,897,000 104,317,000 6,756,000 5,614,000 43,783,000 3,511,000 59,664,000 107,675,000 6,867,000 5,835,000 43,046,000 1,941,000 57,689,000 107,710,000 Receivables, net Inventories Prepaid expenses & other current assets Total current assets Property & equipment, net Operating lease right-of-use assets Finance lease right-of-use assets, net Property under capital lease & financing obligations, net 7,078,000 31,181,000 7,143,000 18,242,000 11,798,000 204,522,000 6,468,000 17,037,000 9,921,000 198,825,000 Goodwill Other long-term assets Total assets 31,073,000 16,567,000 236,495,000 14,822,000 219,295,000 Liabilities & Equity Short-term borrowings Accounts payable 575,000 46,973,000 22,296,000 280,000 5,362,000 1,793,000 511,000 5,225,000 47,060,000 22,159,000 428,000 1,876,000 5,257,000 46,092,000 22,122,000 645,000 3,738,000 1,099,000 41,433,000 20,654,000 921,000 Accrued liabilities Accrued income taxes Long-term debt due within one year Operating lease obligations due within one year Finance lease obligations due within one year Capital lease & financing obligations due within one year 2,256,000 729,000 77,477,000 43,520,000 667,000 78,521,000 30,045,000 565,000 66,928,000 36,015,000 Total current liabilities Long-term debt Long-term operating lease obligations Long-term finance lease obligations Long-term capital lease & financing obligations 77,790,000 43,714,000 16,171,000 4,307,000 6,683,000 11,981,000 139,661,000 6,780,000 8,354,000 123,700,000 6,003,000 9,344,000 118,290,000 Deferred income taxes & other liabilities 12,961,000 154,943,000 Total Liabilities Common stock |Capital in excess of par value Retained earnings (accumulated deficit) Accumulated other comprehensive income (loss) Noncontrolling interest Total equity 284,000 3,247,000 83,943,000 (12,805,000) 6,883,000 81,552,000 288,000 2,965,000 80,785,000 (11,542,000) 7,138,000 79,634,000 295,000 2,648,000 85,107,000 (10,181,000) 2,953,000 80,822,000 305,000 2,371,000 89,354,000 (14,232,000) 2,737,000 80,535,000 Additional Information Net cash flows from operating activities 25,255,000 27,753,000 28,337,000 31,530,000 24,526,000 101,006,000 54,488,000 2,316,000 3,474,000 185,810,000 81,493,000 104,317,000 24,801,000 98,547,000 48,998,000 2,845,000 4,301,000 179,492,000 71,782,000 107,710,000 Land Buildings & improvements Fixtures & equipment Transportation equipment Construction in progress Property & equipment, gross Less: accumulated depreciation Property & equipment, net 24,619,000 105,674,000 58,607,000 2,377,000 3,751,000 195,028,000 89,820,000 105,208,000 25,298,000 101,155,000 52,695,000 2,387,000 3,619,000 185,154,000 77,479,000 107,675,000
As Reported Annual Income Statement Report Date Scale 2019 2018 2017 Thousands Thousands Thousands 519,926,000 4,038,000 523,964,000 394,605,000 129,359,000 108,791,000 20,568,000 2,262,000 337,000 189,000 495,761,000 4,582,000 500,343,000 373,396,000 126,947,000 106,510,000 20,437,000 1,978,000 352,000 152,000 (3,136,000) Net sales 510,329,000 4,076,000 514,405,000 385,301,000 129,104,000 107,147,000 21,957,000 1,975,000 371,000 217,000 Membership & other income Total revenues Cost of sales Gross Profit Operating, selling, general & administrative expenses Operating income (loss) Interest expense on debt Interest expense on finance, capital lease & financing obligations Interest income Gain (loss) on extinguishment of debt Other gains & (losses) Income (loss) before income taxes Provision (benefit) for income taxes Income (loss) after income taxes Less consolidated net income attributable to noncontrolling interest 1,958,000 20,116,000 4,915,000 15,201,000 (320,000) 14,881,000 (8,368,000) 11,460,000 4,281,000 7,179,000 (509,000) 6,670,000 15,123,000 4,600,000 10,523,000 (661,000) 9,862,000 Net Income Additional Information Weighted average shares outstanding - basic Weighted average shares outstanding - diluted Year end shares outstanding 2,850,000 2,868,000 2,832,000 2,929,000 2,945,000 2,878,000 2,995,000 3,010,000 2,952,000
Transcribed Image Text:As Reported Annual Income Statement Report Date Scale 2019 2018 2017 Thousands Thousands Thousands 519,926,000 4,038,000 523,964,000 394,605,000 129,359,000 108,791,000 20,568,000 2,262,000 337,000 189,000 495,761,000 4,582,000 500,343,000 373,396,000 126,947,000 106,510,000 20,437,000 1,978,000 352,000 152,000 (3,136,000) Net sales 510,329,000 4,076,000 514,405,000 385,301,000 129,104,000 107,147,000 21,957,000 1,975,000 371,000 217,000 Membership & other income Total revenues Cost of sales Gross Profit Operating, selling, general & administrative expenses Operating income (loss) Interest expense on debt Interest expense on finance, capital lease & financing obligations Interest income Gain (loss) on extinguishment of debt Other gains & (losses) Income (loss) before income taxes Provision (benefit) for income taxes Income (loss) after income taxes Less consolidated net income attributable to noncontrolling interest 1,958,000 20,116,000 4,915,000 15,201,000 (320,000) 14,881,000 (8,368,000) 11,460,000 4,281,000 7,179,000 (509,000) 6,670,000 15,123,000 4,600,000 10,523,000 (661,000) 9,862,000 Net Income Additional Information Weighted average shares outstanding - basic Weighted average shares outstanding - diluted Year end shares outstanding 2,850,000 2,868,000 2,832,000 2,929,000 2,945,000 2,878,000 2,995,000 3,010,000 2,952,000
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