Proforma Income Statements (From 2017 to 2019, annually)
Income Statement
2017
Revenue 163,443
Less: Operating Expenses
Wage Expense
Rent Expense
Utilities Expense
Maintenance expense
68,000
13,000
22,516
4,000
Total Operating Expenses 107,516
Operating Income 55,927
2018
Revenue 195,291
Less: Operating Expenses
Wage Expense
Rent Expense
Utilities Expense
Maintenance expense
68,000
13,000
22,516
4,000
Total Operating Expenses
107,516
Operating Income 87,775
2019
Revenue 227,141
Less: Operating Expenses
Wage Expense
Rent Expense
Utilities Expense
Maintenance expense
68,000
13,000
22,516
4,000
Total Operating Expenses 107,516
Operating Income 119,625
Table 4.1 Pro-forma Income Statements (2017-2019)
Proforma Balance Sheet (From 2017 to 2019,
This annual report consists of two parts: management’s discussion and analysis (this section) and the basic financial statements. The basic financial statements include a series of financial statements. The Statement of Net Assets and the Statement of Activities (on pages and ) provide information about the activities of the [type of entity] as a whole and present a longer-term view of the [type of entity]’s
1) GENUINE MOTOR PRODUCTS Revised Pro forma Income Statement For 2007 Sales (1,000,000 units @ $30 per unit) Fixed costs Total variable costs (1,000,000 units @ $18.80 per unit) Operating Income (EBIT) Interest (10.75% x $12,000,000) Earnings before taxes Taxes (35%) Earnings after taxes Shares Earnings per share * Fixed costs include $2,800,000 in depreciation $ 30,000,000 5,800,000 18,800,000 5,400,000 1,290,000 4,110,000 1,438,500 2,671,500 2,320,000 1.15
Table 1.2.2 Operating Statements for Years Ending December 31, 1988-1990, and for First Quarter 1991 (thousand of dollars)
BALANCE SHEET |Dec 1990 |Jan |Feb |Mar |Apr |May |June |July |Aug |Sept |Oct |Nov |Dec | |Cash |175 |556 |724 |175 |175 |175 |175 |175 |175 |175 |175 |175 |175 | |Accts receivable |2,628 |958 |234 |271 |270 |250 |250 |270 |1,603 |3,113 |3,580 |3,982 |3.063 | |Inventory |530 |948 |1,355 |1,749 |2,157 |2,564 |2,971 |3,365 |2,904 |2.314 |1,549 |697 |530 | |Net P/E |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 | |Total Assets |4,403 |3,533 |3,383 |3,265 |3,672 |4,059 |4,466
Mohana, R (2011). Financial Statement Analysis and Reporting. New Delhi: Asoke K. Ghosh, PHI Learni
| |financial statements related to cash and cash equivalents, receivables, and inventories. | | |
Rent Expense | 680 | | Miscellaneous Office Expense | 515 | | Office Salaries Expense | 1,800 | | Supplies Expense | 330 | |
| 675 | 700 | | | Income Before Tax | 219,903 | 180,162 | 139,924 | | | Income Tax Expense | 83,951 | 68,563 | 53,073 | | | Minority Interest | - | 267 | (801) | | | | | Net Income From Continuing Ops | 135,952 | 111,866 | 86,050 | | | | | Non-recurring Events | | | Discontinued Operations | - | - | - | | | Extraordinary Items | - | - | - | | | Effect Of Accounting Changes | - | - | - | | | Other Items | - | - | - | | | | | | Net Income | 135,952 | 111,866 | 86,050 | | Preferred Stock And Other Adjustments | - | - | - | | | | Net Income Applicable To Common Shares | 135,952 | 111,866 | 86,050 | | | Source: http://finance.yahoo.com/q/is?s=PNRA+Income+Statement&annual Balance Sheet | View: Annual Data | Quarterly Data | All numbers in thousands | Period Ending | Dec 27, 2011 | Dec 28, 2010 | Dec 29, 2009 | |
Finally, we constructed a proforma income statement. Net sales is not a function of production, so we used the same forecasted net sales each month. We subtracted the cost of goods sold to determine the gross profit. Next, the operating expenses and taxes were subtracted to yield net profit. Each month's net profit is added to the shareholder's equity account on the balance sheet.
Pro forma financial statements are made to reflect a purported change, such as a merger, something acquired, or to give emphasis to specific figures when a corporation issues an earning announcement publicly. Investors need to be cautious when reading
Consolidated Statements of Income (in thousands) 2003 2004 2005 Revenue Net sales Cost of goods sold Gross profit/(loss) Gross margin Operating expenses Sales and marketing Engineering and product development General and administrative Total operating expenses Operating income/loss Other income/expense Interest income/expense Other income/(expense) Income before provision for income taxes Income taxes Net income/(loss) Net margin 61,529 41,072 20,457 33.2% 64,063 43,155 20,908 32.6% 60,144 45,835 14,309 23.8%
Operating expenses for June were $377k under budget, largely due to $670k reduction in the depreciation expense resulting from a $2.2 million reduction in capital expenditures from budget. Year-to-date total operating expenses were $630k over budget. Salary expenses were $51k over budget for the month and the benefits expense for the month was $180k over budget due to an
The pressure from “tone at the top” to keep the expected level of revenues and profits
|Operating Cash Flow | | 5,956,000 | 9,916,000 | 11,500,000 | 6,748,000 | 3,580,000 |
Pixar Company has the following financial statement. As April, 2005 (Table 2) shows net income has been increased by 200%