Panasonic Corporation Common ST (PC)

Income Statement
Period Ending March 31, 2010
% of Sales

(Revenue/Sales) ### 100.00%

Total Revenues ### 100.00%
Cost of Sales ### 67.98%
Cost of Sales with Depreciation ### 72.00%
Gross Margin ### 32.02%
Gross Operating Profit ### 32.02%
Selling, Gen. & Administrative
Expense ### 25.43%
Operating Income $ 2,038,238.00 2.57%
Operating Income b/f Depreciation
(EBITDA) $ 5,230,340.00 6.59%
Depreciation $ 3,192,101.00 4.02%
Depreciation $ 2,038,238.00 2.57%
Interest Income $ 132,148.00 0.17%
Earnings from Equity Interest N/A N/A
Other Income, Net ### -2.78%
Other Special Charges N/A N/A
Special Income/Charges N/A N/A

Total Income Avail for Interest

Expense (EBIT) $ (33,347.00) -0.04%
Interest Expense $ 275,235.00 0.35%
Pre-tax Income (EBT) $ (308,583.00) -0.39%
Income Taxes $ 1,517,904.00 1.91%
Minority Interest $ (719,199.00) -0.91%
Income before Income Taxes $ (313,730.00) -0.40%
Net Income from Continuing
Operations ### -1.39%
Operations ### -1.39%
Total Net Income ### -1.39%
 Panasonic Corporation Common ST (PC)
Income Statement
Period Ending March 31, 2010
% of Total Assests
Balance Sheet - Assests
Current Assets
Cash and Equivalents ### 13.28%
Marketable Securities $ 984,931.00 1.10%
Accounts Receivable ### 13.58%
Loans Receivable $ 792,251.00 0.89%
Other Receivable $ (258,540.00) -0.29%
Receivables ### 14.18%
Raw Materials $ 2,748,223.00 3.07%
Work in Progress $ 1,709,107.00 1.91%
Finished Goods $ 5,320,558.00 5.95%
Inventories $ 9,777,889.00 10.93%
Other Current Assets $ 5,409,011.00 6.05%
Total Current Assets ### 45.54%
Land & Improvements $ 4,188,720.00 4.68%
Building & Improvements ### 21.15%
Machinery, Furniture & Equipment ### 27.56%
Construction in Progress $ 1,378,702.00 1.54%
Total Fixed Assets ### 54.94%
Equip.) ### 54.94%
Accumulated Depreciation & Depletion ### 31.53%
Net Fixed Assets (Net PP&E) ### 23.40%
Intangibles $ 6,473,298.00 7.24%
Cost in Excess $ 9,878,007.00 11.04%
Other Non-Current Assets ### 12.78%
Total Non-Current Assets ### 54.46%
Total Assets ### 100.00%

Balance Sheet - Liabilities,

Stockholders
Accounts PayableEquity ### 12.11%
Notes Payable $ 636,943.00 0.71%
Short Term Debt $ 3,200,599.00 3.58%
Accrued Expenses N/A NA
Accrued Liabilities ### 12.14%
Deferred Revenues $ 685,423.00 0.77%
Other Current Liabilities $ 3,926,412.00 4.39%
Total Current Liabilities ### 33.69%
Long Term Debt ### 12.31%
Other Non-Current Liabilities $ 8,920,087.00 9.97%
Minority Interest $ 9,495,772.00 10.62%
Total Non-Current Liabilities ### 32.90%
Total Liabilities ### 66.59%
Common Stock Equity ### 33.41%
Common Par $ 2,769,049.00 3.10%
Additional Paid In Capital ### 15.59%
Cumulative Translation Adjustment ### -4.22%
Retained Earnings ### 28.11%
Treasury Stock ### -8.02%
Other Equity Adjustments ### -1.14%
Total Capitalization ### 45.72%
Total Equity ### 33.41%
Total Liabilities & Stock Equity ### 100.00%
 Panasonic Corporation Common St (PC)
Cash Flow
Period Ending March 31, 2010

Net Income (Loss) ###

Depreciation $3,192,101.00
Deferred Income Taxes $ 895,612.00
Operating (Gains) Losses $ (54,976.00)
(Increase) Decrease in Receivables ###
(Increase) Decrease in Inventories $1,076,369.00
Assets $ 258,465.00
(Increase) Decrease in Payables $ 895,965.00
(Increase) Decrease in Other Curr Liabs. $1,171,329.00
(Increase) Decrease in Other Working
Capital $ 186,665.00
Other Non-Cash Items $1,078,874.00
Net Cash from Continuing Operations $5,590,036.00
Net Cash from Operating Activities $5,590,036.00
Sale of Property, Plant, Equipment $1,261,312.00
Sale of Long Term Investments $ 656,057.00
Sale of Short Term Investments $1,131,378.00
Purchase of Property, Plant, Equipment ###
Acquisitions ###
Purchase of Long Term Investments $ (94,766.00)
Purchase of Short Term Investments $ (68,161.00)
Other Investing Changes Net $ (458,625.00)
Net Cash from Investing Activities ###
Issuance of Debt $ 569,049.00
Issuance of Capital Stock $ 246.00
Repayment of Debt $ (622,217.00)
Repurchase of Capital Stock $ (770.00)
Payment of Cash Dividends $ (433,454.00)
Other Financing Charges, Net $ (122,581.00)
Net Cash from Financing Activities $ (609,728.00)
Effect of Exchange Rate Changes $ (60,530.00)
Net Change in Cash & Cash Equivalents 1,455,96
$ (1,107,000)

$ 1,827,000
$ 1,988,000
$ 618,000

$ (4,020,000)
$ (7,000)

$ (433,000)
$ (53,000)
$ (610,000)
$ (61,000)
 Panasonic Corporation (PC)
Financial Ratios

Ratios:
Long-Term Debt to Equity

Long-term Debt = ### 0.191600655 52.00%

Shareholders Equity ###

Industry Average: 28%

ROE

Net income = ### -3.7051186168 -3.70%

Shareholders Equity ###

Industry Average: 6%

Net Profit Margin

Net Income = ### -0.013947866 -1.40%

Revenue ###

Industry Average: 2.6%

P/E ratio

Market Value per share = 12.72 -3.18 -3.18%

Earnings per share -4

Industry Average: 53.3%

 Panasonic Corporation (PC)
Valuation Analysis

Expected Return

P0= Dividend Err:509

Price per share

Required Return

Rrf + Rm [Stock's Beta]

16%+8.64%(82%)=2 20% Ks=20.05%