What was the change in NWC in 2012? Payout Ratio Stock Price Semi-Annual Bond Price $937.50...
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What was the change in NWC in 2012? Payout Ratio Stock Price Semi-Annual Bond Price $937.50 15% Beta 1.22 Year to Expiration S62.66 2% Coupon Rate 3.000% EPS Forec ast $3.67 K 6% mit Balance Sheet 31-Dec-12 31-Dec-11 Income Statement 31-Dec-12 31-Dec-11 Assets Current Assets Cash And Cash Equivalents Total Revenue 31,981,000 29.300,000 Cost of Revenue Gross Profit Operating Expenses Research Development 6,370,000 Seling General and Administrative Operating Incom e or Loss 26,352,000 23,928,000 2,263,000 1,621,000 5,629,000 5,372,000 Short Term Investments 733.000 490.000 Net Receivables 8,127,000 3,469,000 Inventory 2,126,000 1,954,000 Other Current Assets 1,719,000 3.653.000 3.675.000 Total Current Assets 13,249,000 11,950,000 Other Inc ome Depreciation Earnings Before Interest And Taxes Interest Ex pense Income Before Tax 84,000 3,513,000 3,737,000 Long Term investments Property Plant and Equipment Goodw ill 549,000 521,000 2,912,000 12,269,000 2872,000 11,413,000 133,000 3.604,000 3,513,000 Intangible Assets Accumulated Amortization 2,098,000 1,617,000 Inc ome Tax Ex pense Minorty Interest Net incom e From Continuing Ops Discontinued Operations 1,106,000 1,126,000 0. Other Assets 2,407,000 2.478,000 Deferred Long TermAsset Charges -13,000 -19,000 Total Assets 31,077,000 28,373,000 Net Income 2,394,000 2,459,000 FOF (2012) (Time zero FCF) FOF (2013) FOF {2014} FOF (2015} FOF (2016) V{horizon} Liabilities Current Liablities 1,447 680 1,505,587 1,565.811 24 6,678,000 Accounts Payable ShortCurrent Long Term Debt 6,597,000 911,000 705,000 Other Qurrent Liabities 2,988,000 2,852,000 1,628,443 Total Current Liabilities 10,371.000 10.360.000 $ 14.952,069 Long Term Debt 3,159,000 3,113,000 WACC = 12 Other Liabilities 5,124,000 4,748,000 Deferred Long Term Liabity Charges Mnority Interest Negative Goodw ill 99,000 Total Liabilities 18,654,000 18,320,000 Stock holders' Equity Misc Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock 482.000 15,093,000 -3,463,000 482.000 Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity 13,287,000 -3,349.000 1,518,000 -1,207.000 1,346,000 -1,713,000 Total Stock holder Equity 12,423,000 10,053,000 What was the change in NWC in 2012? Payout Ratio Stock Price Semi-Annual Bond Price $937.50 15% Beta 1.22 Year to Expiration S62.66 2% Coupon Rate 3.000% EPS Forec ast $3.67 K 6% mit Balance Sheet 31-Dec-12 31-Dec-11 Income Statement 31-Dec-12 31-Dec-11 Assets Current Assets Cash And Cash Equivalents Total Revenue 31,981,000 29.300,000 Cost of Revenue Gross Profit Operating Expenses Research Development 6,370,000 Seling General and Administrative Operating Incom e or Loss 26,352,000 23,928,000 2,263,000 1,621,000 5,629,000 5,372,000 Short Term Investments 733.000 490.000 Net Receivables 8,127,000 3,469,000 Inventory 2,126,000 1,954,000 Other Current Assets 1,719,000 3.653.000 3.675.000 Total Current Assets 13,249,000 11,950,000 Other Inc ome Depreciation Earnings Before Interest And Taxes Interest Ex pense Income Before Tax 84,000 3,513,000 3,737,000 Long Term investments Property Plant and Equipment Goodw ill 549,000 521,000 2,912,000 12,269,000 2872,000 11,413,000 133,000 3.604,000 3,513,000 Intangible Assets Accumulated Amortization 2,098,000 1,617,000 Inc ome Tax Ex pense Minorty Interest Net incom e From Continuing Ops Discontinued Operations 1,106,000 1,126,000 0. Other Assets 2,407,000 2.478,000 Deferred Long TermAsset Charges -13,000 -19,000 Total Assets 31,077,000 28,373,000 Net Income 2,394,000 2,459,000 FOF (2012) (Time zero FCF) FOF (2013) FOF {2014} FOF (2015} FOF (2016) V{horizon} Liabilities Current Liablities 1,447 680 1,505,587 1,565.811 24 6,678,000 Accounts Payable ShortCurrent Long Term Debt 6,597,000 911,000 705,000 Other Qurrent Liabities 2,988,000 2,852,000 1,628,443 Total Current Liabilities 10,371.000 10.360.000 $ 14.952,069 Long Term Debt 3,159,000 3,113,000 WACC = 12 Other Liabilities 5,124,000 4,748,000 Deferred Long Term Liabity Charges Mnority Interest Negative Goodw ill 99,000 Total Liabilities 18,654,000 18,320,000 Stock holders' Equity Misc Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock 482.000 15,093,000 -3,463,000 482.000 Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity 13,287,000 -3,349.000 1,518,000 -1,207.000 1,346,000 -1,713,000 Total Stock holder Equity 12,423,000 10,053,000
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