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Cash Flows at Warf Computer, Inc.: Input Area

Warf Computer's cash flow from operations was $1,426 thousand. Their net capital spending was $1,053 thousand, and their change in net working capital was $221 thousand, resulting in cash flow from assets of $449 thousand. Their cash flow to creditors was $106 thousand and their cash flow to stockholders was $343 thousand. In total, their change in cash over the year was an increase of $61 thousand.

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28 views

Cash Flows at Warf Computer, Inc.: Input Area

Warf Computer's cash flow from operations was $1,426 thousand. Their net capital spending was $1,053 thousand, and their change in net working capital was $221 thousand, resulting in cash flow from assets of $449 thousand. Their cash flow to creditors was $106 thousand and their cash flow to stockholders was $343 thousand. In total, their change in cash over the year was an increase of $61 thousand.

Uploaded by

Helen Li
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 6

Chapter 2

Cash Flows at Warf Computer, Inc.

Input area:

Balance Sheet (in $ thousand


2015 2014
Current assets
Cash and equivalents $ 452 $ 391
Accounts receivable 716 668
Inventories 641 663
Other 92 78
Total current assets $ 1,901 $ 1,800

Fixed assets
Property, plant, and equipment $ 4,148 $ 3,179
Less accumulated depreciation 1,340 1,092
Net property, plant, and equipment $ 2,808 $ 2,087
Intangible assets and others 793 709
Total fixed assets $ 3,601 $ 2,796

Total assets $ 5,502 $ 4,596

Acquisition of fixed assets $ 1,482


Sale of fixed assets $ 429
New debt issued $ 228
Debt retired $ 197
New stock issued $ 15
Stock repurchased $ 66

Income Statement (in $ thousands)


Sales $ 7,557
Cost of goods sold 4,456
Selling, general, and administrative 848
Depreciation 248
Operating income $ 2,005
Other income 75
EBIT $ 2,080
Interest expense 137
Pretax income $ 1,943
Taxes 776
Current $ 605
Deferred $ 171
Net income $ 1,167

Dividends $ 292
Retained earnings $ 875

Output area:

Operating cash flow


Earnings before interest and taxes $ 2,080
Depreciation 248
-Current taxes 605
Operating cash flow $ 1,723

Net capital spending


Acquisition of fixed assets $ 1,482
Sale of fixed assets (429)
Capital spending $ 1,053

Alternatively,
Ending fixed assets $ 3,601
-Beginning fixed assets 2,796
Depreciation 248
Capital spending $ 1,053

Net working capital cash flow


Ending NWC $ 1,135
Beginning NWC 914
NWC cash flow $ 221

Cash flow from assets


OCF $ 1,723
-Net capital spending 1,053
-Change in NWC 221
Cash flow from assets $ 449

Cash flow to creditors


Interest $ 137
Retirement of debt 197
Debt service $ 334
Proceeds from sale of long-term debt (228)
Total $ 106

Alternatively
Beginning long-term debt $ 1,148
Ending long-term debt (1,179)
Interest 137
Total $ 106

Cash flow to stockholders


Dividends $ 292
Repurchase of stock 66
Cash to stockholders $ 358
Proceeds from new stock issue (15)
Total $ 343

Alternatively
Beginning total equity $ 2,403
Ending total equity (3,227)
Dividends 292
Retained earnings 875
$ 343

Statement of cash flows


Operations
Net income $ 1,167
Depreciation 248
Deferred taxes 171
Changes in assets and liabilities
Accounts receivable (48)
Inventories 22
Accounts payable 34
Accrued expenses (154)
Other (14)
Total cash flow from operations $ 1,426

Investing activties
Acquisition of fixed assets $ (1,482)
Sale of fixed assets 429
Total cash flow from investing activities $ (1,053)

Financing activties
Retirement of debt $ (197)
Proceeds of long-term debt 228
Dividends (292)
Repurchase of stock (66)
Proceeds from new stock issues 15
Total cash flow from financing activities $ (312)

Change in cash (on balance sheet) $ 61


Sheet (in $ thousands)
2015 2014
Current liabilities
Accounts payable $ 519 $ 485
Accrued expenses 247 401
Total current liabilities $ 766 $ 886

Long-term liabilities
Deferred taxes $ 330 $ 159
Long-term debt 1,179 1,148
Total long-term liabilities $ 1,509 $ 1,307

Stockholders equity
Preferred stock $ 21 $ 21
Common stock 126 126
Capital surplus 794 779
Accumulated retained earnings 2,478 1,603
Less treasury stock 192 126
Total equity $ 3,227 $ 2,403

Total liabilities and


shareholders equity $ 5,502 $ 4,596

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