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the n@roth west Icomp@ny inIc.
the north west Icom@p@ny inIc.
@Hbridged st@tement of fin@nIci@l position @s of j@nu@ry 31, 2020 @nd 2019 ($ millions)
2020 @Hbridged st@tement of Icomprehensive inIcome ($ millions)
s@les
$2,094,393
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Icost of s@les
($1,429,995)
2020
2019
2020
2019
selling, oper@ting@ nd @dministr@tive expenses
($534,045)
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depreIci@tion @nd other non-Ic@sh item
($8,392)
Ic@sh
$28,187
$38,448
@IcIcounts p@y@Hble @nd @IcIcrued li
$173,058
$173,947
e@rnings Hbefore interest @nd t@xes
$121,961
@IcIcounts reIceiv@Hble
$110,991
$90,323
other Icurrent li@Hbilities
$21,026
$22,991
interest expense
($20,948)
inventories
$248,040
$236,317
tot@l
$194,084
$196,938
t@x@Hble inIcome
$101,013
prep@id expenses
$12,375
$11,209
t@xes
($23,132)
tot@l
$399,593
$376,297
long term li@Hbilities
$594,482
$541,907
net inIcome
$77,881
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dividends
($64,351)
property @nd equipment
$555,075
$514,946
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@ddition to ret@ined e@rnings
$13,530
other fixed @ssets
$260,868
$258,618
Icommon stoIck @nd p@id-in suplu
$215,718
$209,648
tot@l
$815,943
$773,564
ret@ined e@rning
$211,252
$201,368
tot@l
$426,970
$411,016
tot@l @ssets
$1,215,536
$1,149,861
tot@l li@Hbilities @nd owner's equi
$1,215,536
$1,149,861
@.
(per@ting ±@sh *$ow
oper@ting Ic@sh flow = s@le-Icost-t@xes
107221
b
Net Capital Spending=Ending net fixed assets°Beginning net fixed assets±Depreciation
²³´´µ
c¶
The Change in The Net Working Capital =Ending NWC°Begining NWC
·¸¹´!9
d
Cash Flow from Assets= Operating cash flow°Net capital spending°Changes in net working capital
µ·³´µ
e
Cash Flow to Creditors=Interest paid °Net new borrowing
°¸!9ºº¸
f
Cash Flow to Stockholders= Dividends paid°Net new equity raised
² 8¸ 8µ
g
Tax rate
tax expenses»taxable income
¸¸¶!9³¼
h
What are your thoughts on the company½s cash flow to creditors
It is not good¾ it represent debt or a lack of profit for a company¶
i
Complete the abridged financial statment
