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28 Sep 2019
what is the operating efficiency of the firm using the below data
As Reported Annual Balance Sheet Report Date 12/31/2013 01/01/2013 Currency USD USD Audit Status Not Qualified Not Qualified Consolidated Yes Yes Cash & cash equivalents 32386000 31486000 Restricted cash - 205000 Receivables, gross 14401000 11430000 Less: allowance for doubtful accounts 291000 103000 Receivables, net 14110000 11327000 Inventories 2670000 3143000 Prepaid & refundable income taxes 483000 655000 Prepaid rent 307000 3080000 Prepaid expenses & other current assets 6727000 1681000 Total current assets $56,683,000.00 51577000 Leasehold improvements 49532000 50358000 Furniture, fixtures & equipment 57529000 57457000 Construction in progress (primarily stores under construction) 164000 79000 Property, fixtures & equipment, gross 107225000 107895000 Less accumulated depreciation & amortization 69740000 69452000 Property, fixtures & equipment, net 37485000 38442000 Goodwill 1233000 1336000 Trademarks & other intangible assets, net 1317000 1412000 Notes receivable 300000 - Deposits & other long-term assets 898000 846000 Total other long-term assets 1198000 846000 Total assets 97916000 93613000 Accounts payable 5086000 8206000 Accrued compensation & benefits 5538000 7566000 Workers' compensation & health insurance reserves 1046000 1087000 Accrued jambacard liability 37121000 33634000 Other current liabilities 13082000 9728000 Total current liabilities $61,873,000.00 60221000 Deferred rent 4033000 5610000 Deferred revenue 2598000 2292000 Construction allowance 1359000 2382000 Contingent consideration 553000 894000 Other liabilities 658000 702000 Deferred rent & other long-term liabilities 9201000 11880000 Total liabilities 71074000 72101000 Series B redeemable preferred stock - 7916000 Common stock 17000 78000 Additional paid-in capital 391234000 380007000 Retained earnings (accumulated deficit) -364409000 -3.66E+08 Total stockholders' equity 26842000 13596000
Currency USD USD Audit Status Not Qualified Not Qualified Consolidated Yes Yes Net income (loss) 2080000 302000 Depreciation & amortization 10974000
11062000 Impairment of long-lived assets 728000 711000 Lease termination, store closure costs & disposals -3308000 820000 Loss (gain) from sale of investment in joint venture - -545000 Contingent consideration fair value measurement -651000 -57000 Jambacard breakage income & amortization, net -3177000 -4275000 Share-based compensation 2550000 2091000 Bad debt & purchase obligation reserves - 600000 Bad debt, purchase obligation reserves & trade credits 645000 - Deferred rent -1186000 -1138000 Equity loss (income) from joint ventures - -70000 Receivables -2998000 1637000 Inventories -157000 -1348000 Prepaid & refundable taxes 172000 -319000 Prepaid rent 2773000 -81000 Prepaid expenses & other current assets -2842000 -172000 Other long-term assets 243000 -215000 Restricted cash from operating activities 205000 1147000 Accounts payable -2809000 3115000 Accrued compensation & benefits -2028000 1000000 Workers' compensation & health insurance reserves -41000 -5000 Accrued jambacard liability 6664000 4653000 Other current liabilities 2387000 -517000 Other long-term liabilities 246000 -828000 Net cash flows from operating activities 10470000 17568000 Capital expenditures -1.5E+07 -5249000 Business acquisition - -390000 Purchase of investment -300000 - Proceeds from the sale of stores 4777000 4000 Proceeds from sale of investment in joint venture - 1032000 Capital distributions from investment, net - 105000 Net cash flows from investing activities -1E+07 -4498000 Proceeds pursuant to stock plans 822000 98000 Redeemable preferred stock dividends paid -158000 -1289000 Net cash flows from financing activities 664000 -1191000 Net increase (decrease) in cash & equivalents 900000 11879000 Cash & equivalents at beginning of period 31486000 19607000 Cash & equivalents at end of period 32386000 31486000 Cash paid for interest 51000 168000 Income taxes paid 187000 277000
Report Date 12/31/2013 01/01/2013 Currency USD USD Audit Status Not Qualified Not Qualified Consolidated Yes Yes Company stores 2.13E+08 2.15E+08 Franchise & other revenue 16362000 13664000 Total revenue 2.29E+08 2.29E+08 Cost of sales 52211000 50215000 Labor costs 62015000 63086000 Occupancy costs 29350000 29473000 Store operating expense 34986000 33612000 Depreciation & amortization 10974000 11062000 General & administrative expense 37771000 40771000 Store pre-opening expense 880000 604000 Impairment of long-lived assets 728000 711000 Store lease termination & closure 148000 421000 Other operating expense (income), net -2182000 -1779000 Total costs & operating expenses 2.27E+08 2.28E+08 Income (loss) from operations 2368000 613000 Interest income 9000 61000 Interest expense 242000 217000 Total other income (expense), net -233000 -156000 Income (loss) before income taxes 2135000 457000 Current federal income taxes -79000 81000 Current state income taxes 27000 10000 Current foreign income taxes 107000 64000 Total current income taxes 55000 155000 Income tax expense (benefit) 55000 155000 Net income (loss) 2080000 302000 Redeemable preferred stock dividends & deemed dividends 588000 2181000 Net income (loss) attributable to common stockholders 1492000 -1879000 Weighted average shares outstanding - basic 16793235 14139888 Weighted average shares outstanding - diluted 17222030 14139888 Year end shares outstanding 17154655 15481782 Net income (loss) per share - basic 0.09 -0.15 Net income (loss) per share - diluted 0.09 -0.15 Total number of employees 4000 4300 Number of common stockholders 91 102
what is the operating efficiency of the firm using the below data
| As Reported Annual Balance Sheet | |||
| Report Date | 12/31/2013 | 01/01/2013 | |
| Currency | USD | USD | |
| Audit Status | Not Qualified | Not Qualified | |
| Consolidated | Yes | Yes | |
| Cash & cash equivalents | 32386000 | 31486000 | |
| Restricted cash | - | 205000 | |
| Receivables, gross | 14401000 | 11430000 | |
| Less: allowance for doubtful accounts | 291000 | 103000 | |
| Receivables, net | 14110000 | 11327000 | |
| Inventories | 2670000 | 3143000 | |
| Prepaid & refundable income taxes | 483000 | 655000 | |
| Prepaid rent | 307000 | 3080000 | |
| Prepaid expenses & other current assets | 6727000 | 1681000 | |
| Total current assets | $56,683,000.00 | 51577000 | |
| Leasehold improvements | 49532000 | 50358000 | |
| Furniture, fixtures & equipment | 57529000 | 57457000 | |
| Construction in progress (primarily stores under construction) | 164000 | 79000 | |
| Property, fixtures & equipment, gross | 107225000 | 107895000 | |
| Less accumulated depreciation & amortization | 69740000 | 69452000 | |
| Property, fixtures & equipment, net | 37485000 | 38442000 | |
| Goodwill | 1233000 | 1336000 | |
| Trademarks & other intangible assets, net | 1317000 | 1412000 | |
| Notes receivable | 300000 | - | |
| Deposits & other long-term assets | 898000 | 846000 | |
| Total other long-term assets | 1198000 | 846000 | |
| Total assets | 97916000 | 93613000 | |
| Accounts payable | 5086000 | 8206000 | |
| Accrued compensation & benefits | 5538000 | 7566000 | |
| Workers' compensation & health insurance reserves | 1046000 | 1087000 | |
| Accrued jambacard liability | 37121000 | 33634000 | |
| Other current liabilities | 13082000 | 9728000 | |
| Total current liabilities | $61,873,000.00 | 60221000 | |
| Deferred rent | 4033000 | 5610000 | |
| Deferred revenue | 2598000 | 2292000 | |
| Construction allowance | 1359000 | 2382000 | |
| Contingent consideration | 553000 | 894000 | |
| Other liabilities | 658000 | 702000 | |
| Deferred rent & other long-term liabilities | 9201000 | 11880000 | |
| Total liabilities | 71074000 | 72101000 | |
| Series B redeemable preferred stock | - | 7916000 | |
| Common stock | 17000 | 78000 | |
| Additional paid-in capital | 391234000 | 380007000 | |
| Retained earnings (accumulated deficit) | -364409000 | -3.66E+08 | |
| Total stockholders' equity | 26842000 | 13596000 |
| Currency | USD | USD | |
| Audit Status | Not Qualified | Not Qualified | |
| Consolidated | Yes | Yes | |
| Net income (loss) | 2080000 | 302000 | |
| Depreciation & amortization | 10974000 | 11062000 | |
| Impairment of long-lived assets | 728000 | 711000 | |
| Lease termination, store closure costs & disposals | -3308000 | 820000 | |
| Loss (gain) from sale of investment in joint venture | - | -545000 | |
| Contingent consideration fair value measurement | -651000 | -57000 | |
| Jambacard breakage income & amortization, net | -3177000 | -4275000 | |
| Share-based compensation | 2550000 | 2091000 | |
| Bad debt & purchase obligation reserves | - | 600000 | |
| Bad debt, purchase obligation reserves & trade credits | 645000 | - | |
| Deferred rent | -1186000 | -1138000 | |
| Equity loss (income) from joint ventures | - | -70000 | |
| Receivables | -2998000 | 1637000 | |
| Inventories | -157000 | -1348000 | |
| Prepaid & refundable taxes | 172000 | -319000 | |
| Prepaid rent | 2773000 | -81000 | |
| Prepaid expenses & other current assets | -2842000 | -172000 | |
| Other long-term assets | 243000 | -215000 | |
| Restricted cash from operating activities | 205000 | 1147000 | |
| Accounts payable | -2809000 | 3115000 | |
| Accrued compensation & benefits | -2028000 | 1000000 | |
| Workers' compensation & health insurance reserves | -41000 | -5000 | |
| Accrued jambacard liability | 6664000 | 4653000 | |
| Other current liabilities | 2387000 | -517000 | |
| Other long-term liabilities | 246000 | -828000 | |
| Net cash flows from operating activities | 10470000 | 17568000 | |
| Capital expenditures | -1.5E+07 | -5249000 | |
| Business acquisition | - | -390000 | |
| Purchase of investment | -300000 | - | |
| Proceeds from the sale of stores | 4777000 | 4000 | |
| Proceeds from sale of investment in joint venture | - | 1032000 | |
| Capital distributions from investment, net | - | 105000 | |
| Net cash flows from investing activities | -1E+07 | -4498000 | |
| Proceeds pursuant to stock plans | 822000 | 98000 | |
| Redeemable preferred stock dividends paid | -158000 | -1289000 | |
| Net cash flows from financing activities | 664000 | -1191000 | |
| Net increase (decrease) in cash & equivalents | 900000 | 11879000 | |
| Cash & equivalents at beginning of period | 31486000 | 19607000 | |
| Cash & equivalents at end of period | 32386000 | 31486000 | |
| Cash paid for interest | 51000 | 168000 | |
| Income taxes paid | 187000 | 277000 |
| Report Date | 12/31/2013 | 01/01/2013 | |
| Currency | USD | USD | |
| Audit Status | Not Qualified | Not Qualified | |
| Consolidated | Yes | Yes | |
| Company stores | 2.13E+08 | 2.15E+08 | |
| Franchise & other revenue | 16362000 | 13664000 | |
| Total revenue | 2.29E+08 | 2.29E+08 | |
| Cost of sales | 52211000 | 50215000 | |
| Labor costs | 62015000 | 63086000 | |
| Occupancy costs | 29350000 | 29473000 | |
| Store operating expense | 34986000 | 33612000 | |
| Depreciation & amortization | 10974000 | 11062000 | |
| General & administrative expense | 37771000 | 40771000 | |
| Store pre-opening expense | 880000 | 604000 | |
| Impairment of long-lived assets | 728000 | 711000 | |
| Store lease termination & closure | 148000 | 421000 | |
| Other operating expense (income), net | -2182000 | -1779000 | |
| Total costs & operating expenses | 2.27E+08 | 2.28E+08 | |
| Income (loss) from operations | 2368000 | 613000 | |
| Interest income | 9000 | 61000 | |
| Interest expense | 242000 | 217000 | |
| Total other income (expense), net | -233000 | -156000 | |
| Income (loss) before income taxes | 2135000 | 457000 | |
| Current federal income taxes | -79000 | 81000 | |
| Current state income taxes | 27000 | 10000 | |
| Current foreign income taxes | 107000 | 64000 | |
| Total current income taxes | 55000 | 155000 | |
| Income tax expense (benefit) | 55000 | 155000 | |
| Net income (loss) | 2080000 | 302000 | |
| Redeemable preferred stock dividends & deemed dividends | 588000 | 2181000 | |
| Net income (loss) attributable to common stockholders | 1492000 | -1879000 | |
| Weighted average shares outstanding - basic | 16793235 | 14139888 | |
| Weighted average shares outstanding - diluted | 17222030 | 14139888 | |
| Year end shares outstanding | 17154655 | 15481782 | |
| Net income (loss) per share - basic | 0.09 | -0.15 | |
| Net income (loss) per share - diluted | 0.09 | -0.15 | |
| Total number of employees | 4000 | 4300 | |
| Number of common stockholders | 91 | 102 |
Keith LeannonLv2
28 Sep 2019
Related questions
What is the quick ratio for the year ending 10/31/2010? Usetotal net receivables. Also pay attention to the dates in thequestion.
| 0.870 |
| 0.638 |
| 0.592 |
| 1.046 |
None of the above. |
| Toro Co. (The) (NYS: TTC) | |
| Exchange rate used is that of the Year End reported date | |
| As Reported Annual Balance Sheet | |
| Report Date | 10/31/2010 |
| Currency | USD |
| Audit Status | Not Qualified |
| Consolidated | Yes |
| Scale | Thousands |
| Cash & cash equivalents | 177,366 |
| Customer receivables, gross | 132,182 |
| Less: allowance for doubtful accounts | 3,828 |
| Customers receivables, net | 128,354 |
| Other receivables, net | 14,547 |
| Total receivables, net | 142,901 |
| Inventories, net | 194,402 |
| Prepaid expenses & other current assets | 10,766 |
| Deferred income taxes | 59,538 |
| Total current assets | 584,973 |
| Land & land improvements | 24,667 |
| Buildings & leasehold improvements | 115,480 |
| Machinery & equipment | 396,228 |
| Computer hardware & software | 57,695 |
| Property, plant & equipment, gross | 594,070 |
| Less: accumulated depreciation | 420,663 |
| Property, plant & equipment, net | 173,407 |
| Deferred income taxes | 842 |
| Other assets | 17,038 |
| Goodwill | 86,400 |
| Other intangible assets, net | 22,962 |
| Total assets | 885,622 |
| Current portion of long-term debt | 1,970 |
| Short-term debt | 1,034 |
| Accounts payable | 125,138 |
| Other accrued liabilities | 48,902 |
| Total current liabilities | 368,283 |
| Debentures | 100,000 |
| Senior notes | 123,358 |
| Senior unsecured debt | - |
| Other long-term debt | 2,190 |
| Total long-term debt | 225,548 |
| Less current portion | 1,970 |
| Long-term debt, less current portion | 223,578 |
| Deferred revenue | 10,944 |
| Long-term deferred income taxes | - |
| Other long-term liabilities | 7,007 |
| Deferred revenue & other long-term liabilities | - |
| Common stock | 31,395 |
| Retained earnings (accumulated deficit) | 253,477 |
| Accumulated comprehensive income (loss) | (9,062) |
| Total stockholders' equity (deficit) | 275,810 |
Please check and make sure all of these are correct. Only need 2015
Current ratio= CA/CL
2015: 63278000/65272000 = 0.97
Total debt ratio= TD/TA=(TA-TE)/TA;
2015: (203706000-85937000)/203706000 = 0.57
TIE=EBIT/Interest;
2015: 27147000/2461000 = 11.03
Cash coverage ratio=(EBIT+ Depreciation)/Interest
2015: (27147000+5,390,000)/2,461,000 = 13.22 times
Receivable turnover=sales/AR
2015: 482229000/6778000 = 71.14
Days sales in receivables=365/receivable turnover
2015: 365/74.14=4.92 days
PM=NI/sales
2015: 16363000/482229000 = 0.03
TAT=sales/TA
2015: 482229000/203706000 = 2.36
ROA=NI/TA
2015: 16363000/203706000 = 0.08
ROE=NI/OE
2015: 16363000/71394000=0.2292
| Wal-Mart Stores, Inc. (NYS: WMT) | |||
| Balance Sheet | |||
| Exchange rate used is that of the Year End reported date | |||
| As Reported Annual Balance Sheet | |||
| Report Date | 01/31/2015 | 01/31/2014 | 01/31/2013 |
| Currency | USD | USD | USD |
| Audit Status | Not Qualified | Not Qualified | Not Qualified |
| Consolidated | Yes | Yes | Yes |
| Scale | Thousands | Thousands | Thousands |
| Cash & cash equivalents | 9135000 | 7281000 | 7781000 |
| Receivables, net | 6778000 | 6677000 | 6768000 |
| Inventories | 45141000 | 44858000 | 43803000 |
| Prepaid expenses & other current assets | 2224000 | 1909000 | 1588000 |
| Current assets of discontinued operations | - | 460000 | - |
| Total current assets | 63278000 | 61185000 | 59940000 |
| Land | 26261000 | 26184000 | 25612000 |
| Buildings & improvements | 97496000 | 95488000 | 90686000 |
| Fixtures & equipment | 45044000 | 42971000 | 40903000 |
| Transportation equipment | 2807000 | 2785000 | 2796000 |
| Construction in progress | 5787000 | 5661000 | 5828000 |
| Property & equipment, at cost | 177395000 | 173089000 | 165825000 |
| Less: accumulated depreciation | 63115000 | 57725000 | 51896000 |
| Property & equipment, net | 114280000 | 115364000 | 113929000 |
| Property under capital leases | 5239000 | 5589000 | 5899000 |
| Less: accumulated amortization | 2864000 | 3046000 | 3147000 |
| Property under capital leases, net | 2375000 | 2543000 | 2752000 |
| Goodwill | 18102000 | 19510000 | 20497000 |
| Other assets & deferred charges | 5671000 | 6149000 | 5987000 |
| Total assets | 203706000 | 204751000 | 203105000 |
| Short-term borrowings | 1592000 | 7670000 | 6805000 |
| Accounts payable | 38410000 | 37415000 | 38080000 |
| Accrued wages & benefits | 4954000 | 4652000 | 5059000 |
| Self-insurance | 3306000 | 3477000 | 3373000 |
| Accrued taxes | 2592000 | 2554000 | 2851000 |
| Other accrued liabilities | 8300000 | 8110000 | 7525000 |
| Accrued liabilities | 19152000 | 18793000 | 18808000 |
| Accrued income taxes | 1021000 | 966000 | 2211000 |
| Long-term debt due within one year | 4810000 | 4103000 | 5587000 |
| Obligations under capital leases due within one year | 287000 | 309000 | 327000 |
| Current liabilities of discontinued operation | - | 89000 | - |
| Total current liabilities | 65272000 | 69345000 | 71818000 |
| Unsecured debt | 45443000 | 45073000 | 42882000 |
| Other debt | 453000 | 801000 | 1099000 |
| Total long-term debt | 45896000 | 45874000 | 43981000 |
| Less: current portion | 4810000 | 4103000 | 5587000 |
| Long-term debt | 41086000 | 41771000 | 38394000 |
| Long-term obligations under capital leases | 2606000 | 2788000 | 3023000 |
| Deferred income taxes & other liabilities | 8805000 | 8017000 | 7613000 |
| Redeemable noncontrolling interest | - | 1491000 | 519000 |
| Common stock | 323000 | 323000 | 332000 |
| Capital in excess of par value | 2462000 | 2362000 | 3620000 |
| Retained earnings (accumulated deficit) | 85777000 | 76566000 | 72978000 |
| Currency translation & other | -6355000 | -2722000 | 47000 |
| Derivative instruments | -134000 | 336000 | 129000 |
| Minimum pension liability | -679000 | -610000 | -763000 |
| Accumulated other comprehensive income (loss) | -7168000 | -2996000 | -587000 |
| Total Walmart shareholders' equity | 81394000 | 76255000 | 76343000 |
| Noncontrolling interests | - | 5084000 | 5395000 |
| Nonredeemable noncontrolling interest | 4543000 | - | - |
| Total equity | 85937000 | 81339000 | 81738000 |
| Income Statement | |||
| Exchange rate used is that of the Year End reported date | |||
| As Reported Annual Income Statement | |||
| Report Date | 01/31/2015 | 01/31/2014 | 01/31/2013 |
| Currency | USD | USD | USD |
| Audit Status | Not Qualified | Not Qualified | Not Qualified |
| Consolidated | Yes | Yes | Yes |
| Scale | Thousands | Thousands | Thousands |
| Net sales | 482229000 | 473076000 | 466114000 |
| Membership & other income | 3422000 | 3218000 | 3048000 |
| Total revenues | 485651000 | 476294000 | 469162000 |
| Cost of sales | 365086000 | 358069000 | 352488000 |
| Operating, selling, general & administrative expenses | 93418000 | 91353000 | 88873000 |
| Operating income (loss) | 27147000 | 26872000 | 27801000 |
| Interest expense on debt | 2161000 | 2072000 | 1977000 |
| Interest expense on capital leases | 300000 | 263000 | 274000 |
| Interest income | 113000 | 119000 | 187000 |
| Interest income (expense), net | -2348000 | -2216000 | -2064000 |
| Income (loss) from continuing operations before income taxes & minority interest - United States | 18610000 | 19412000 | 19352000 |
| Income (loss) from continuing operations before income taxes & minority interest - international | 6189000 | 5244000 | 6385000 |
| Income (loss) from continuing operations before income taxes | 24799000 | 24656000 | 25737000 |
| Current federal income taxes provision (benefit) | 6165000 | 6377000 | 5611000 |
| Current state & local income taxes provision (benefit) | 810000 | 719000 | 622000 |
| Current international income taxes provision (benefit) | 1529000 | 1523000 | 1766000 |
| Current provision (benefit) for income taxes | 8504000 | 8619000 | 7999000 |
| Deferred federal income taxes provision (benefit) | -387000 | -72000 | 38000 |
| Deferred state & local income taxes provision (benefit) | -55000 | 37000 | -8000 |
| Deferred international income taxes provision (benefit) | -77000 | -479000 | -48000 |
| Deferred provision (benefit) for income taxes | -519000 | -514000 | -18000 |
| Provision (benefit) for income taxes | 7985000 | 8105000 | 7981000 |
| Income (loss) from continuing operations | 16814000 | 16551000 | 17756000 |
| Income (loss) from discontinued operations, net of income taxes | 285000 | 144000 | - |
| Consolidated net income (loss) | 17099000 | 16695000 | 17756000 |
| Less consolidated net income attributable to noncontrolling interest | -736000 | -673000 | -757000 |
| Consolidated net income attributable to Walmart | 16363000 | 16022000 | 16999000 |
| Weighted average shares outstanding - basic | 3230000 | 3269000 | 3374000 |
| Weighted average shares outstanding - diluted | 3243000 | 3283000 | 3389000 |
| Year end shares outstanding | 3228000 | 3233000 | 3314000 |
| Income (loss) per share-continuing operations - basic | 5.01 | 4.87 | 5.04 |
| Income (loss) per share-discontinued operations - basic | 0.06 | 0.03 | - |
| Net income (loss) per share - basic | 5.07 | 4.9 | 5.04 |
| Income (loss) per share-continuing operations - diluted | 4.99 | 4.85 | 5.02 |
| Income (loss) per share-discontinued operations - diluted | 0.06 | 0.03 | - |
| Net income (loss) per share - diluted | 5.05 | 4.88 | 5.02 |
| Dividends declared per common share | 1.92 | 1.88 | 1.59 |
| Total number of employees | 2200000 | 2200000 | 2200000 |
| Number of common stockholders | 249876 | 255758 | 263499 |
Compare Companies --- Netflix (NFLX) vs. GEO Holdings (TOK) Compute financial ratios, time value, variables, and returns using industry standard tools for optimizing financial success. Analyze corporate financial data in evaluating past and future financial performances.
Use formulas to calculate the following financial indicators for each year of data: Three fiscal years for Netflix and GEO Holdings for:
o Price to earnings ratio
o Debt to equity ratio
o Free cash flow
o Earnings per share
o Return on equity
o Net profit margin
V. Performance Over Time
A. Analyze the performance of the Netflix over time. What financial strengths and weaknesses does this company have? Consider addressing the free cash flows and ratios you calculated earlier.
B. Analyze the performance of your GEO Holdings over time. What financial strengths and weaknesses does this company have? Consider addressing the free cash flows and ratios you calculated earlier.
C. Analyze how the data differ between these two companies. Why do you think this is? Consider addressing the free cash flows and ratios you calculated earlier.
VI. Investment
A. Are the companies considered growth or value companies? Why?
B. Which companyâs stock is the better investment?
| Netflix Inc. (NMS: NFLX) | |||||
| Exchange rate used is that of the Year End reported date | |||||
| As Reported Annual Balance Sheet | |||||
| Report Date | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
| Currency | USD | USD | USD | ||
| Audit Status | Not Qualified | Not Qualified | Not Qualified | ||
| Consolidated | Yes | Yes | Yes | ||
| Scale | Thousands | Thousands | Thousands | ||
| Cash & cash equivalents | 1467576 | 1809330 | 1113608 | ||
| Short-term investments | 266206 | 501385 | 494888 | ||
| Current content library, net | - | - | 2125702 | ||
| Current content assets, net | 3726307 | 2905998 | - | ||
| Other current assets | 260202 | 215127 | 206271 | ||
| Total current assets | 5720291 | 5431840 | 3940469 | ||
| Non-current content library, net | - | - | 2773326 | ||
| Non-current content assets, net | 7274501 | 4312817 | - | ||
| Information technology assets | 185345 | 194054 | 189274 | ||
| Furniture & fixtures | 32185 | 30914 | 25758 | ||
| Building | 40681 | 40681 | 40681 | ||
| Leasehold improvements | 107945 | 107793 | 57339 | ||
| DVD operations equipment | 70152 | 88471 | 89144 | ||
| Capital work-in-progress | 108296 | 8845 | 12495 | ||
| Property & equipment, gross | 544604 | 470758 | 414691 | ||
| Less: accumulated depreciation | 294209 | 297346 | 264816 | ||
| Property & equipment, net | 250395 | 173412 | 149875 | ||
| Other non-current assets | 341423 | 284802 | 192981 | ||
| Total assets | 13586610 | 10202871 | 7056651 | ||
| Current content liabilities | 3632711 | 2789023 | 2117241 | ||
| Accounts payable | 312842 | 253491 | 201581 | ||
| Accrued expenses | 197632 | 140389 | 69746 | ||
| Deferred revenue | 443472 | 346721 | 274586 | ||
| Total current liabilities | 4586657 | 3529624 | 2663154 | ||
| Non-current content liabilities | 2894654 | 2026360 | 1575832 | ||
| Long-term debt | 3364311 | 2371362 | 900000 | ||
| Other non-current liabilities | 61188 | 52099 | 59957 | ||
| Total liabilities | 10906810 | 7979445 | 5198943 | ||
| Common stock | 1599762 | 1324809 | 60 | ||
| Additional paid-in capital | - | - | 1042810 | ||
| Foreign currency | -47966 | -42502 | -4615 | ||
| Change in unrealized gains on available for sale securities | -599 | -806 | 169 | ||
| Accumulated other comprehensive income (loss) | -48565 | -43308 | -4446 | ||
| Retained earnings (accumulated deficit) | 1128603 | 941925 | 819284 | ||
| Total stockholders' equity (deficiency) | 2679800 | 2223426 | 1857708 |
| Geo Holdings Corp (TOK: 2681) | |||||
| Due to changes with International Financial Reporting Standards (IFRS), recent financials statement presentations have been adjusted to meet this standard. Please note the original historical presentations have remained in the original format | |||||
| Exchange rate used is that of the Year End reported date | |||||
| As Reported Annual Balance Sheet | |||||
| Report Date | 03/31/2016 | 03/31/2015 | 03/31/2014 | ||
| Currency | JPY | JPY | JPY | ||
| Audit Status | Not Qualified | Not Qualified | Not Qualified | ||
| Consolidated | Yes | Yes | Yes | ||
| Scale | Millions | Millions | Thousands | ||
| Cash & deposits | 37683 | 32052 | 19869000 | ||
| Trade notes & accounts receivables | 4100 | 4077 | 3992000 | ||
| Merchandise | 24894 | 23834 | 23495000 | ||
| Deferred tax assets | 2156 | 1806 | 1773000 | ||
| Other current assets | 5462 | 7181 | 5942000 | ||
| Allowance for doubtful accounts | -281 | -292 | 343000 | ||
| Total current assets | 74015 | 68659 | 54729000 | ||
| Asset for rent, gross | 100974 | 104514 | 104647000 | ||
| Accumulated depreciation - asset for rent | -95154 | -97475 | 96055000 | ||
| Asset for rent, net | 5820 | 7038 | 8591000 | ||
| Buildings & structures, gross | 40872 | 39984 | 39478000 | ||
| Accumulated depreciation - buildings & structures | -27470 | -26362 | 25976000 | ||
| Buildings & structures, net | 13402 | 13622 | 13501000 | ||
| Land, net | 5844 | 6356 | 6651000 | ||
| Leased assets, gross | 2176 | 3519 | 4576000 | ||
| Accumulated depreciation - leased assets | -681 | -1764 | 2588000 | ||
| Leased assets, net | 1495 | 1754 | 1988000 | ||
| Other property, plant & equipment, gross | 24838 | 20562 | 17708000 | ||
| Accumulated depreciation - other property, plant & equipment | -18391 | -15292 | 13236000 | ||
| Other property, plant & equipment, net | 6447 | 5270 | 4471000 | ||
| Total property, plant & equipment | 33010 | 34043 | 35205000 | ||
| Total intangible assets | 1865 | 1277 | 2028000 | ||
| Investment securities | 926 | 1002 | 1266000 | ||
| Long-term loans receivable | 2250 | 6682 | 6628000 | ||
| Lease & guarantee deposits | 14905 | 14735 | 15034000 | ||
| Deferred tax assets | 3342 | 3774 | 2845000 | ||
| Other investments & other assets | 1222 | 1188 | 1760000 | ||
| Allowance for doubtful accounts | -1332 | -3751 | 3917000 | ||
| Total investments & other assets | 21315 | 23632 | 23617000 | ||
| Total non-current assets | 56192 | 58952 | 60851000 | ||
| Total assets | 130207 | 127612 | 115581000 | ||
| Trade accounts payable | 12631 | 13540 | 13124000 | ||
| Current portion of long-term borrowings | 8333 | 7097 | 8754000 | ||
| Current portion of bonds | 149 | 149 | 249000 | ||
| Income taxes payable | 4815 | 265 | 1170000 | ||
| Reserve for bonuses | 1665 | 1420 | 1135000 | ||
| Other current liabilities | 10135 | 12595 | 10279000 | ||
| Total current liabilities | 37731 | 35068 | 34713000 | ||
| Bonds | 105 | 254 | 403000 | ||
| Long-term borrowings | 19509 | 21843 | 13910000 | ||
| Lease liabilities | 1612 | 1660 | 1590000 | ||
| Deferred tax liabilities | 23 | 22 | 26000 | ||
| Asset retirement obligations | 4406 | 3994 | 3898000 | ||
| Other non-current liabilities | 1857 | 1554 | 1839000 | ||
| Total non-current liabilities | 27514 | 29329 | 21668000 | ||
| Total liabilities | 65246 | 64398 | 56381000 | ||
| Capital stock | 8871 | 8615 | 8603000 | ||
| Capital surplus | 3283 | 6090 | 6078000 | ||
| Retained earnings | 52542 | 49998 | 44381000 | ||
| Treasury shares | - | -1979 | 334000 | ||
| Total shareholders' equity | 64697 | 62724 | 58729000 | ||
| Valuation difference on available-for-sale securities | 166 | 282 | 297000 | ||
| Loss (gain) on deferred hedge | -15 | - | 297000 | ||
| Total accumulated other comprehensive income | 150 | 282 | 172000 | ||
| Stock acquisition rights | 113 | 206 | 59199000 | ||
| Net assets | 64961 | 63214 | 115581000 | ||
| Total liabilities & net assets | 130207 | 127612 |
| Netflix Inc. (NMS: NFLX) | |||||
| Exchange rate used is that of the Year End reported date | |||||
| As Reported Annual Income Statement | |||||
| Report Date | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
| Currency | USD | USD | USD | ||
| Audit Status | Not Qualified | Not Qualified | Not Qualified | ||
| Consolidated | Yes | Yes | Yes | ||
| Scale | Thousands | Thousands | Thousands | ||
| Revenues | 8830669 | 6779511 | 5504656 | ||
| Cost of revenues | 6029901 | 4591476 | 3752760 | ||
| Marketing expenses | 991078 | 824092 | 607186 | ||
| Technology & development expenses | 852098 | 650788 | 472321 | ||
| General & administrative expenses | 577799 | 407329 | 269741 | ||
| Operating income (loss) | 379793 | 305826 | 402648 | ||
| Interest expense | 150114 | 132716 | 50219 | ||
| Interest & other income (expense) | 30828 | -31225 | -3060 | ||
| Income before income taxes - United States | 188078 | 95644 | 325081 | ||
| Income (loss) before income taxes - foreign | 72429 | 46241 | 24288 | ||
| Income (loss) before income taxes | 260507 | 141885 | 349369 | ||
| Current tax provision (benefit) - federal | 54315 | 52557 | 86623 | ||
| Current tax provision (benefit) - state | 5790 | -1576 | 9866 | ||
| Current tax provision (benefit) - foreign | 60571 | 26918 | 16144 | ||
| Total current tax provision (benefit) | 120676 | 77899 | 112633 | ||
| Deferred tax provision (benefit) - federal | -24383 | -37669 | -10994 | ||
| Deferred tax provision (benefit) - state | -14080 | -17635 | -17794 | ||
| Deferred tax provision (benefit) - foreign | -8384 | -3351 | -1275 | ||
| Total deferred tax provision (benefit) | -46847 | -58655 | -30063 | ||
| Provision for (benefit from) income taxes | 73829 | 19244 | 82570 | ||
| Net income (loss) | 186678 | 122641 | 266799 | ||
| Weighted average shares outstanding - basic | 428822 | 425889 | 420546 | ||
| Weighted average shares outstanding - diluted | 438652 | 436456 | 431893 | ||
| Year end shares outstanding | 430054.212 | 427940.44 | 422910.887 | ||
| Net income (loss) per share - basic | 0.44 | 0.29 | 0.634 | ||
| Net income (loss) per share - diluted | 0.43 | 0.28 | 0.617 | ||
| Number of full time employees | 4500 | 3500 | 2189 | ||
| Number of part time & temporary employees | 200 | 400 | 261 | ||
| Total number of employees | 4700 | 3700 | 2450 | ||
| Number of common stockholders | 290 | 237 | 203 | ||
| Foreign currency translation adjustments | -5464 | -37887 | - | ||
| Geo Holdings Corp (TOK: 2681) | |||||
| Exchange rate used is that of the Year End reported date | |||||
| As Reported Annual Income Statement | |||||
| Report Date | 03/31/2016 | 03/31/2015 | 03/31/2014 | ||
| Currency | JPY | JPY | JPY | ||
| Audit Status | Not Qualified | Not Qualified | Not Qualified | ||
| Consolidated | Yes | Yes | Yes | ||
| Scale | Millions | Millions | Thousands | ||
| Total revenue | 267910 | 270308 | 262324000 | ||
| Cost of sales | -151798 | -157825 | 152301000 | ||
| Gross profit | 116112 | 112483 | 110022000 | ||
| Selling, general & administrative expenses | -99559 | -102925 | 100823000 | ||
| Operating income | 16552 | 9558 | 9198000 | ||
| Interest & dividend income | 49 | 114 | 111000 | ||
| Rental income | 1268 | 1167 | 1193000 | ||
| Other non-operating income | 1043 | 1062 | 453000 | ||
| Total non-operating income | 2361 | 2343 | 1758000 | ||
| Interest expense | -230 | -231 | 332000 | ||
| Rental expenses | -759 | -609 | 595000 | ||
| Transfer to reserve for doubtful account | - | -227 | - | ||
| Other non-operating expenses | -100 | -803 | - | ||
| Total non-operating expenses | -1089 | -1871 | 684000 | ||
| Ordinary income | 17824 | 10030 | 1612000 | ||
| Imapirment loss | -1319 | -1543 | 9344000 | ||
| Other extraordinary losses | -13 | - | 203000 | ||
| Total extraordinary losses | -1333 | -1543 | 203000 | ||
| Income before income taxes | 16491 | 8486 | 1218000 | ||
| Income taxes - current | -5779 | -2074 | 514000 | ||
| Income taxes - deferred | -147 | 925 | 87000 | ||
| Total income taxes | -5927 | -1149 | 1821000 | ||
| Profit | 10563 | 7337 | 7726000 | ||
| Profit attributable to owners of parent | 10563 | 7337 | 4027000 | ||
| Average number of shares outstanding - basic | 51.331 | 53.169 | -39000 | ||
| Average number of shares outstanding - diluted | 51.623 | 53.29 | 3987000 | ||
| Year end shares outstanding | 48.244 | 52.295 | 3738000 | ||
| Earnings per share - basic | 205.78 | 137.99 | -70000 | ||
| Earnings per share - diluted | 204.62 | 137.68 | 3808000 | ||
| Number of full time employees | 3825 | 3579 | 53996.5 | ||
| Number of part time employees | 10421 | 10114 | 54066.499 | ||
| Number of common stockholders | 57105 | 65030 | 53996.5 | ||
