Financial Accounting Company Research Paper

2592 Words11 Pages
The company I decided to research was the homebuilding company Hovnanian Enterprises. I chose to analyze this company and their financial information because I recently own shares within the company. This past summer my grandmother decided to buy stock for me as a college gift. She felt investing and starting early is important since she has been for 60 years. Up until this paper, I had no knowledge about the only company I own stock in. I decided this was the perfect opportunity to learn more about them so I can make better investing decisions in the future.
Hovnanian Enterprises was founded in 1959. They design, construct and market a variety of for-sale housing in 178 residential communities in 18 states. The company works with an
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HOVNANIAN ENTERPRISES
Balance Sheet
October 31, 2009

Assets
Current Assets Cash and Cash Equivalents 7.4 M Short Term Investments -421.4 M Net Receivables 44.4 M Inventory 1.1 M Other Current Assets 1.7 B
Total Current Assets 1.7 B
Property Plant and Equipment 141.3 M
Intangible Assets 0.00
Other Assets 101.5 M
Total Assets 2.0 B

Liabilities and Stockholder’s Equity
Liabilities
Current Liabilities Accounts Payable 113.7 M Short/Current Long Term Debt 56.8 M Other Current Liabilities 254.2 M
Total Current Liabilities 504.2 B
Long Term Debt 1.8 B
Other Liabilities 64.4 M
Deferred Long Term Liability Charges -
Minority Interest 33,288
Negative Goodwill -
Total Liabilities 2.3 B
Stockholders’ Equity
Preferred Stock 140.0 M
Common Stock 896
Retained Earnings (826,007)
Treasury Stock (115,257)
Capital Surplus 455,471
Common Shares Outstanding 77.3 M
Total Stockholder Equity ($-349.598 M)
Net Tangible Assets ($-349.598M)

HOVNANIAN ENTERPRISES
Income Statement
For the Year Ending December 31, 2009

Revenue and Income
Net Revenues 1.6 B
Cost of Goods Sold 1.4 B
Depreciation and Amortization 18.5 M

Operating Expenses
Gross Income 168.9M
General Expenses 321.6 M
Other Operating
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