ACCTG 101 Lecture Notes - Lecture 29: Cash Flow Statement, Deferral, Accounts Payable
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Use the cash-flow below to make a Summary AnalysisStatement of Cash Flows.
Example: http://imgur.com/a/8r4lSâ
| 2015 | 2014 | 2013 | |
| Cashflows from operating activities: | |||
| Netincome | $ 2,409 | $ 2,088 | $ 2,061 |
| Adjustments to reconcile net income to net cash provided byoperating activities: | $ - | $ - | $ - |
| Depreciation and amortization (including amounts in discontinuedoperations) | $ 1,127 | $ 1,029 | $ 946 |
| Stock-based compensation | $ 394 | $ 327 | $ 285 |
| Excesstax benefits on stock-based awards | $ (86) | $ (84) | $ (61) |
| Othernon-cash operating activities, net | $ (5) | $ (63) | $ 7 |
| Deferred income taxes | $ (101) | $ (63) | $ 7 |
| Changes in operating assets and liabilities: | |||
| Increase in merchandise inventories | $ (890) | $ (563) | $ (898) |
| Increase in accounts payable | $ 880 | $ 529 | $ 718 |
| Otheroperating assets and liabilities, net | $ 557 | $ 699 | $ 386 |
| Netcash provided by operating activities | $ 4,285 | $ 3,984 | $ 3,437 |
| Cashflows from investing activities: | |||
| Purchases of short-term investments | $ (1,501) | $ (2,503) | $ (2,572) |
| Maturities and sales of short-term investments | $ 1,434 | $ 2,406 | $ 2,385 |
| Additions to property and equipment | $ (2,393) | $ (1,993) | $ (2,083) |
| Otherinvesting activities, net | $ (20) | $ (3) | $ 19 |
| Netcash used in investing activities | $ (2,480) | $ (2,093) | $ (2,251) |
| Cashflows from financing activities: | |||
| Changein bank checks outstanding | $ (45) | $ 96 | $ (70) |
| Repayments of short-term borrowings | $ (51) | $ (103) | $ (287) |
| Proceeds from short-term borrowings | $ 51 | $ 68 | $ 326 |
| Proceeds from issuance of long-term debt | $ 1,125 | $ 117 | $ 3,717 |
| Minimum tax withholdings on stock-based awards | $ (178) | $ (164) | $ (121) |
| Excesstax benefits on stock-based awards | $ 86 | $ 84 | $ 61 |
| Repurchases of common stock | $ (481) | $ (334) | $ (36) |
| Cashdividend payments | $ (2,865) | $ (584) | $ (3,560) |
| Otherfinancing activities, net | $ 34 | $ 34 | $ 14 |
| Netcash provided by financing activities | $ (2,324) | $ (786) | $ 44 |
| Net(decrease) increase in cash and cash equivalents | $ (937) | $ 1,094 | $ 1,116 |
| Effectof foreign currency translation on cash and cash equivalents | $ (418) | $ (11) | $ (114) |
| Cashand cash equivalents at beginning of period | $ 5,738 | $ 4,644 | $ 3,528 |
| Cash and cashequivalents at end of period | $ 4,801 | $ 5,738 | $ 4,644 |
| Supplemental disclosure of cash flow information: | |||
| Cashpaid during the year for: | |||
| Interest (reduced by $14, $11 and $12, interest capitalized in2015, 2014 and 2013, respectively) | $ 117 | $ 109 | $ 86 |
| Incometaxes, net | $ 1,186 | $ 869 | $ 1,001 |
| Supplemental disclosure of non-cash flow information: | |||
| Property acquired under build-to-suit and capital leases | $ 109 | $ - | $ 11 |
Please analyze this company 10Q report and till me areas inwhich they are doing well and areas which need improvements.
2018 | 2017 | |||||||
Cash Flows from Operating Activities | ||||||||
Net loss | $ | (784,627 | ) | $ | (397,181 | ) | ||
Adjustments to reconcile net loss to net cash used in operatingactivities: | ||||||||
Depreciation and amortization | 416,233 | 376,602 | ||||||
Stock-based compensation | 141,639 | 103,717 | ||||||
Amortization of debt discounts andissuance costs | 39,345 | 31,747 | ||||||
Inventory write-downs | 18,546 | 26,918 | ||||||
Loss on disposals of fixedassets | 52,237 | 41,120 | ||||||
Foreign currency transactionlosses | 47,661 | 5,064 | ||||||
Loss related to SolarCityacquisition | - | 11,571 | ||||||
Non-cash interest and otheroperating activities | (3,984 | ) | (6,589 | ) | ||||
Changes in operating assets andliabilities, net of effect of business combinations: | ||||||||
Accounts receivable | (169,142 | ) | 91,541 | |||||
Inventories | (322,081 | ) | (124,514 | ) | ||||
Operating lease vehicles | (97,196 | ) | (458,965 | ) | ||||
Prepaid expenses and other currentassets | (50,001 | ) | (75,504 | ) | ||||
MyPower customer notes receivableand other assets | (57,583 | ) | 8,006 | |||||
Accounts payable and accruedliabilities | 317,983 | 2,531 | ||||||
Deferred revenue | 45,795 | 103,941 | ||||||
Customer deposits | 67,359 | (51,004 | ) | |||||
Resale value guarantee | - | 184,579 | ||||||
Other long-term liabilities | (60,560 | ) | 56,609 | |||||
Net cash used in operatingactivities | (398,376 | ) | (69,811 | ) | ||||
Cash Flows from Investing Activities | ||||||||
Purchases of property and equipment excluding capital leases,net of sales | (655,662 | ) | (552,624 | ) | ||||
Purchases of solar energy systems, leased and to be leased | (72,975 | ) | (219,948 | ) | ||||
Business combinations, net of cash acquired | - | (109,147 | ) | |||||
Net cash used in investingactivities | (728,637 | ) | (881,719 | ) | ||||
Cash Flows from Financing Activities | ||||||||
Proceeds from issuances of common stock in public offerings | - | 400,175 | ||||||
Proceeds from issuances of convertible and other debt | 1,775,481 | 1,838,166 | ||||||
Repayments of convertible and other debt | (1,389,388 | ) | (690,945 | ) | ||||
Repayments of borrowings under Solar Bonds issued to relatedparties | (17,500 | ) | (90,000 | ) | ||||
Collateralized lease (repayments) borrowings | (87,092 | ) | 186,355 | |||||
Proceeds from exercises of stock options and other stockissuances | 94,018 | 57,307 | ||||||
Principal payments on capital leases | (18,787 | ) | (18,303 | ) | ||||
Common stock and debt issuance costs | (2,913 | ) | (11,094 | ) | ||||
Purchases of convertible note hedges | - | (204,102 | ) | |||||
Proceeds from issuances of warrants | - | 52,883 | ||||||
Proceeds from investments by noncontrolling interests insubsidiaries | 73,704 | 142,003 | ||||||
Distributions paid to noncontrolling interests insubsidiaries | (52,942 | ) | (63,696 | ) | ||||
Payments for buy-outs of noncontrolling interests insubsidiaries | (2,921 | ) | - | |||||
Net cash provided by financingactivities | 371,660 | 1,598,749 | ||||||
Effect of exchange rate changes on cash and cash equivalents andrestricted cash | 10,102 | 11,643 | ||||||
Net (decrease) increase in cash and cash equivalents andrestricted cash | (745,251 | ) | 658,862 | |||||
Cash and cash equivalents and restricted cash, beginning ofperiod | 3,964,959 | 3,766,900 | ||||||
Cash and cash equivalents and restricted cash, end of period | $ | 3,219,708 | $ | 4,425,762 | ||||
Supplemental Non-Cash Investing and Financing Activities | ||||||||
Acquisitions of property and equipment included inliabilities | $ | 286,975 | $ | 654,322 | ||||
Estimated fair value of facilities under build-to-suitleases | $ | 56,169 | $ | 65,244 | ||||
| Cash Flows from OperatingActivities | |
| Net loss | $ (2,240,578) |
| Adjustments to reconcile netloss to net cash used in operating activities: | |
| Depreciation andamortization | 1,636,003 |
| Stock-based compensation | 466,760 |
| Amortization of debt discountsand issuance costs | 91,037 |
| Inventory write-downs | 131,665 |
| Loss on disposals of fixedassets | 105,770 |
| Foreign currency transactionlosses (gains) | 52,309 |
| Loss (gain) related toSolarCity acquisition | 57,746 |
| Non-cash interest and otheroperating activities | 135,237 |
| Changes in operating assetsand liabilities, net of effect of business combinations: | |
| Accounts receivable | (24,635) |
| Inventories | (178,850) |
| Operating lease vehicles | (1,522,573) |
| Prepaid expenses and othercurrent assets | (72,084) |
| MyPower customer notesreceivable and other assets | (15,453) |
| Accounts payable and accruedliabilities | 388,206 |
| Deferred revenue | 468,902 |
| Customer deposits | 170,027 |
| Resale value guarantee | 208,718 |
| Other long-termliabilities | 81,139 |
| Net cash used in operatingactivities | (60,654) |
| Cash Flows from InvestingActivities | |
| Purchases of property andequipment excluding capital leases, net of sales | (3,414,814) |
| Maturities of short-termmarketable securities | |
| Purchases of solar energysystems, leased and to be leased | (666,540) |
| Increases in restrictedcash | (223,090) |
| Business combinations, net ofcash acquired | (114,523) |
| Net cash used in investingactivities | (4,418,967) |
| Cash Flows from FinancingActivities | |
| Proceeds from issuances ofcommon stock in public offerings | 400,175 |
| Proceeds from issuances ofconvertible and other debt | 7,138,055 |
| Repayments of convertible andother debt | (3,995,484) |
| Repayments of borrowings underSolar Bonds issued to related parties | (165,000) |
| Collateralized leaseborrowings | 511,321 |
| Proceeds from exercises ofstock options and other stock issuances | 259,116 |
| Principal payments on capitalleases | (103,304) |
| Common stock and debt issuancecosts | (63,111) |
| Purchases of convertible notehedges | (204,102) |
| Proceeds from settlements ofconvertible note hedges | 287,213 |
| Proceeds from issuances ofwarrants | 52,883 |
| Proceeds from issuance ofcommon stock in private placement | |
| Payments for settlements ofwarrants | (230,385) |
| Proceeds from investments bynoncontrolling interests in subsidiaries | 789,704 |
| Distributions paid tononcontrolling interests in subsidiaries | (261,844) |
| Payments for buy-outs ofnoncontrolling interests in subsidiaries | (373) |
| Net cash provided by financingactivities | 4,414,864 |
| Effect of exchange ratechanges on cash and cash equivalents | 39,455 |
| Net (decrease) increase incash and cash equivalents | (25,302) |
| Cash and cash equivalents,beginning of period | 3,393,216 |
| Cash and cash equivalents, endof period | 3,367,914 |
| Supplemental Non-CashInvesting and Financing Activities | |
| Shares issued in connectionwith business combinations and assumed vested awards | 10,528 |
| Acquisitions of property andequipment included in liabilities | 914,108 |
| Estimated fair value offacilities under build-to-suit leases | 313,483 |
| Supplemental Disclosures | |
| Cash paid during the periodfor interest, net of amounts capitalized | 182,571 |
| Cash paid during the periodfor taxes, net of refunds | $ 65,695 |
| Cash Flows for 2017: |
| Is the total cash flow positive ornegative? |
| Operating Activities: |
| Is the total cash flow positive ornegative? |
| What is the biggest source of cash? |
| What is the biggest use of cash? |
| Investing Activities: |
| Is the total cash flow positive ornegative? |
| What is the biggest source of cash? |
| What is the biggest use of cash? |
| Financing Activities: |
| Is the total cash flow positive ornegative? |
| What is the biggest source of cash? |
| What is the biggest use of cash? |
