Professional Documents
Culture Documents
1990
Disposal of assets: 242
Proceeds from discontinued operations:
407.3
CFO: 89.3
Items
Major sources
1991
Disposal of assets: 157 + 25.3
CFO: 125.2
Major Uses
CAPEX: 363.1
CFO: 125.2
NI: (377.9)
---------------------------------------------Depreciation: 168.4 + 41.4
Restructring: 135.5 16.6
CFO: 89.3
NI: (623.5)
----------------------------------------------Depreciation: 220.1 + 58.2
Restructuring: 384.1 119
CFO: 46.8
NI: (320.6)
----------------------------------------------Depreciation: 263.4 + 39.1
Restructuring: 125.3
No (125.2 vs 129.7+27.8)
No (157.5 vs 209.8)
No
Source: Sale of assets + LTD
No (89.3 vs 174.4+43.1)
No (217.5 vs 278.3)
No
Source: Sale of Assets + LTD
No (46.8 vs 303.6+59.5)
Yes (371.1 vs 302.5)
No
Source: LTD + STD
No
7.2
26.0
Excess cash
invested
Other major items
affecting cash
flows
TRENDS
Income
CFO
Capex
Dividends
Net borrowings
Working Capital
4
II
III
1989
Proceeds from LTD: 213.3
Sale of assets: 94.1
CFO: 46.8
Overall assessment: Company has reduced long term debt and its working capital has increased steadily. Companys loss has decreased, however CFO and CAPEX
have also decreased. Company is trying to reduce debt at the expense of growth.
Beta Corporation
Items
Major sources
1991
CFO: $3,919
Issuance of common stock: $23,082
1990
CFO: $7,000
1989
CFO: $3,670
Proceeds of Subordinated Debt: $4,400
Issuance of common stock: $639
Major Uses
CFO: $3,919
NI: $6,323
--------------------------------------------Depreciation and Amortization: $4,028
Increase in accounts receivable: $10,837
Increase in accounts payable and accrued
expenses: $5,657
CFO: $7,000
NI: $5,201
---------------------------------------------Depreciation and Amortization: $2,701
CFO: $3,670
NI: $417
----------------------------------------------Depreciation and amortization: $2,231
Increase in A/R and A/P: $1,550 and $2,067
No
CAPEX < CFO. Net payments under
working capital line of credit
No
CAPEX<CFO, Net payments under working
capital and equipment line of credit,
4
II
III
Overall assessment: Companys income and CAPEX are increasing. Through issuance of common stock, company has reduced borrowing as well. For
2 out of 3 years, company has managed to compensate CAPEX from cash flow from operations. It proves, company is growing steadily and is in
healthy condition.
Gamma Corporation
Items
Major sources
1991
Treasury shares: 239,653
Issuance of Debt: 14,249
CFO: 1,040,901
1990
Treasury shares: 270,231
Issuance of Debt: 17,661
CFO: 1,434,074
1989
Treasury shares: 230,733
Issuance of Debt: 40,425
CFO: 1,479,391
Major Uses
CFO: 1,040,901
NI: (617,427)
----------------------------------------------Depreciation: 828,560
Restructuring Reserve: 593,160
CFO: 1,434,074
NI: 74,393
----------------------------------------------Depreciation: 796,201
Restructuring Reserve: 443,544
CFO: 1,479,391
NI: 1,072,610
----------------------------------------------Depreciation: 686,738
No
Yes, $70,092
No
Yes, $406,449
No
Yes, $256,353
4
II
III
Overall assessment: Income, expenditure, profit have decreased. Company is going facing declining business operations.