Net Income Ending Cash Balance Ending Retained Earnings Depreciation Balance Sheets ($ in thousands) Assets Cash Gross accounts receivable Less: Allowance for doubtful accounts Prepaid expenses Inventories Gross property, plant, and equipment Less: Accumulated depreciation Pre-opening expenses Other operating assets Total assets Liabilities and Stockholders' Equity Accounts payable Accrued salaries and wages Accrued interest on long-term debt Other accrued liabilities Construction payables Current maturities, long-term debt Total current liabilities Deferred revenues Long-term debt Total liabilities Common stock Capital in excess of par value Common stock in treasury Retained earnings (deficit) Total stockholders' equity Total liabilities and equity December 31, December 31, 2016 2017 $ $ $ $ $ $ $ $ $ $ 1,115,498 $ $ $ 4,322 $ 14,181 945 $ 9,429 $ 8,194 9,472 33,502 96,844 9,744 $ 32,296 $ $ 56,736 $ 163,766 1,573 $ 473,000 $ 529,736 $ 485 $ 506 589,827 $ 662,365 10,784 481,427 655,977 $ 29,490 $ (34,040) $ $ 29,490 (151,626) 540,735 $ 585,762 $ $ 1,115,498 $ 1,196,712 $ $ $ $ $ $ $ 631,975 $ 2,178 $ (1,531) $ 1,219 $ 154 $ 471,506 $ (21,796) $ 10,677 $ 21,116 $ 26,601 $ 1,196,712 $ 247,894 35,249 (4,733) 11,755 12,662 953,796 (86,512) $ May-Jun -115586 249894 -149626 21354 CASH FLOW STATEMENT Net income Adjustments to reconcile net income to net cash provided by operating activities Depreciation Gross accounts receivable Less: Allowance for doubtful accounts Prepaid expenses Inventories Accounts payable Accrued salaries and wages Accrued interest on long-term debt Other accrued liabilities Construction payables Current maturities, long-term debt Net cash provided by operating activities Investing activities Gross property, plant, and equipment Less: Accumulated depreciation Pre-opening expenses Other operating assets Net cash used for investing activities Financing activities Deferred revenues Long-term debt Common stock Capital in excess of par value Net Cash provided by Financing Activities Net Cash Flow Beginning Cash Balance Ending Cash Balance -115,586 21,354
Reporting Cash Flows
Reporting of cash flows means a statement of cash flow which is a financial statement. A cash flow statement is prepared by gathering all the data regarding inflows and outflows of a company. The cash flow statement includes cash inflows and outflows from various activities such as operating, financing, and investment. Reporting this statement is important because it is the main financial statement of the company.
Balance Sheet
A balance sheet is an integral part of the set of financial statements of an organization that reports the assets, liabilities, equity (shareholding) capital, other short and long-term debts, along with other related items. A balance sheet is one of the most critical measures of the financial performance and position of the company, and as the name suggests, the statement must balance the assets against the liabilities and equity. The assets are what the company owns, and the liabilities represent what the company owes. Equity represents the amount invested in the business, either by the promoters of the company or by external shareholders. The total assets must match total liabilities plus equity.
Financial Statements
Financial statements are written records of an organization which provide a true and real picture of business activities. It shows the financial position and the operating performance of the company. It is prepared at the end of every financial cycle. It includes three main components that are balance sheet, income statement and cash flow statement.
Owner's Capital
Before we begin to understand what Owner’s capital is and what Equity financing is to an organization, it is important to understand some basic accounting terminologies. A double-entry bookkeeping system Normal account balances are those which are expected to have either a debit balance or a credit balance, depending on the nature of the account. An asset account will have a debit balance as normal balance because an asset is a debit account. Similarly, a liability account will have the normal balance as a credit balance because it is amount owed, representing a credit account. Equity is also said to have a credit balance as its normal balance. However, sometimes the normal balances may be reversed, often due to incorrect journal or posting entries or other accounting/ clerical errors.
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