Summary of a financial statement
jenne_
compnet_balance_sheet_income_statement.xlsxBalance Sheet
| (in thousands) | Sunday, September 30, 2012 | Monday, September 30, 2013 | Difference between 2012 & 2013 | % Difference 2012 & 2013 | Tuesday, September 30, 2014 | Difference between 2013 & 2014 | % of Difference 2013 & 2014 | ||||||||||||||
| ASSETS | |||||||||||||||||||||
| Current assets: | |||||||||||||||||||||
| Cash and cash equivalents | $108,950 | $98,050 | ($10,900) | -10% | $107,890 | $118,790 | 10% | ||||||||||||||
| Restricted cash—current portion Niit 1: Restricted funds are deposited in a separate account for a specific purpose, such as debt servicing. | $190 | $110 | ($80) | -42% | $1,110 | $1,000 | 909% | ||||||||||||||
| Accounts receivable, less allowance for doubtful accounts Niit 1: Accounts receivable refers to the amounts owed to the organization by customers for products and services that have been used by the customers, but not yet paid for. This amount is the net of an allowance account. The allowance for a doubtful account is an estimate made by management to estimate the amount that will be uncollectable. | $56,501 | $49,200 | ($7,301) | -13% | $75,510 | $26,310 | 53% | ||||||||||||||
| Inventories | $115,559 | $49,089 | ($66,470) | -58% | $49,786 | $697 | 1% | ||||||||||||||
| Income taxes receivable Niit 1: Income tax receivable and income tax payable adjust for temporary differences between generally accepted accounting principles reporting and reporting for Internal Revenue Service tax purposes. | $879 | $348 | ($531) | -60% | $698 | $350 | 101% | ||||||||||||||
| Deferred income taxes | $9,300 | $8,950 | ($350) | -4% | $8,650 | ($300) | -3% | ||||||||||||||
| Other current assets | $1,300 | $645 | ($655) | -50% | $2,000 | $1,355 | 210% | ||||||||||||||
| Total current assets Niit 1: Current assets are those assets that can be converted into cash within 12 months. | $292,679 | $206,392 | ($86,287) | -29% | $245,644 | $39,252 | 19% | ||||||||||||||
| Property, plant and equipment, net Niit 1: Property, plan and equipment, and net are fixed assets net of accumulated depreciation. | $177,302 | $226,820 | $49,518 | 28% | $228,075 | $1,255 | 1% | ||||||||||||||
| Deferred income taxes—long-term portion | $59,522 | $58,843 | ($679) | -1% | $47,200 | ($11,643) | -20% | ||||||||||||||
| Prepayments and deferred charges | $3,212 | $2,670 | ($542) | -17% | $3,753 | $1,083 | 41% | ||||||||||||||
| Restricted cash—long-term portion | $110 | $110 | $0 | 0% | –– | ERROR:#VALUE! | ERROR:#VALUE! | ||||||||||||||
| Other intangible assets including Goodwill, net Niit 1: Intangible assets are the long-term resources of an entity but have no physical existence. They derive their value from intellectual or legal rights and the value they add to the organization. Examples include patents and trademarks. Goodwill is a type of intangible asset that arises when the company acquires another firm and pays more for it than its net assets marked to fair value. | $36,951 | $13,214 | ($23,737) | -64% | $12,900 | ($314) | -2% | ||||||||||||||
| Total assets Niit 1: Assets represent resources owned by the organization. | $569,775 | $508,049 | ($61,726) | -11% | $537,572 | $29,524 | 6% | ||||||||||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
| Liabilities | |||||||||||||||||||||
| Accounts payable Niit 1: Accounts payable (A/P) represent unpaid bills or amounts that are owed to suppliers (trade creditors). Accounts payable are shown under current, or short-term, liabilities because they are to be paid quickly, generally within ten to forty-five days. | $40,506 | $41,970 | $1,464 | 4% | $54,284 | $12,314 | 29% | ||||||||||||||
| Accrued expenses Niit 1: Accrued expenses (such as wages, salaries, and utility charges) are expenses that are incurred during the period but not paid. They are shown in the balance sheet as a current, or short-term, liability. | $13,037 | $17,890 | $4,853 | 37% | $21,780 | $3,890 | 22% | ||||||||||||||
| Accrued pension and postretirement benefits | $23,960 | $27,890 | $3,930 | 16% | $18,758 | ($9,132) | -33% | ||||||||||||||
| Deferred revenue—current portion Niit 1: Deferred revenue represents payments made by customers for goods and services for which the sales transaction is still incomplete (such as annual software license fee). | $2,001 | $2,500 | $499 | 25% | $2,500 | $0 | 0% | ||||||||||||||
| Current maturities of long-term obligations | $109 | $110 | $1 | 1% | $1,009 | $899 | 817% | ||||||||||||||
| Total current liabilities Niit 1: Current liabilities are bills and obligations that arise in the normal course of a business and are due for payment within a year. | $79,613 | $90,360 | $10,747 | 13% | $98,331 | $7,971 | 9% | ||||||||||||||
| Long-term obligations (less current portion) Niit 1: Long-term obligations are those debts and obligations which will not be paid off at the end of the current financial year. | $1,580 | $1,482 | ($98) | -6% | $5,434 | $3,952 | 267% | ||||||||||||||
| Deferred revenue (less current portion) | $59,509 | $36,070 | ($23,439) | -39% | $39,250 | $3,180 | 9% | ||||||||||||||
| Non-current income taxes payable | $397 | $292 | ($105) | -26% | $308 | $16 | 5% | ||||||||||||||
| Accrued pension and postretirement benefits | $156,900 | $169,870 | $12,970 | 8% | $170,802 | $932 | 1% | ||||||||||||||
| Total liabilities Niit 1: Total liabilities represent total debts and obligations of the company including both current and noncurrent liabilities. | $297,999 | $298,074 | $75 | 0% | $314,125 | $16,051 | 5% | ||||||||||||||
| Stockholders’ equity: Niit 1: Equity represents ownership, which is the value of the company—assets minus liabilities. | $0 | ERROR:#DIV/0! | $0 | ERROR:#DIV/0! | |||||||||||||||||
| Common stock, $0.001 par value (40,000,000 shares authorized) Niit 1: Common stock is assigned a prorated proportional value of the organization to shareholders. Common stock is assigned a legally established value, which is the par value. When stock is issued for more than the par value, the difference is assigned to additional paid-in capital. | $11 | $12 | $1 | 9% | $13 | $1 | 8% | ||||||||||||||
| Additional paid-in capital | $223,220 | $227,650 | $4,431 | 2% | $237,989 | $10,339 | 5% | ||||||||||||||
| Retained Earnings (Accumulated Loss) Niit 1: Retained earnings is the cumulative earning (or losses) of the company less the dividends paid, if any. | $48,246 | ($17,687) | ($65,933) | -137% | ($14,855) | $2,832 | -16% | ||||||||||||||
| Total stockholders’ equity Niit 1: Total stockholders’ equity is the total value attributed to the ownership of the company. | $271,477 | $209,975 | ($61,502) | -23% | $223,147 | $13,172 | 6% | ||||||||||||||
| Total liabilities and stockholders’ equity Niit 1: Total liabilities and stockholders’ equity is the sum of liabilities and equity. |
Niit 1: Restricted funds are deposited in a separate account for a specific purpose, such as debt servicing. |
Niit 1: Accounts receivable refers to the amounts owed to the organization by customers for products and services that have been used by the customers, but not yet paid for. This amount is the net of an allowance account. The allowance for a doubtful account is an estimate made by management to estimate the amount that will be uncollectable. |
Niit 1: Income tax receivable and income tax payable adjust for temporary differences between generally accepted accounting principles reporting and reporting for Internal Revenue Service tax purposes. |
Niit 1: Current assets are those assets that can be converted into cash within 12 months. |
Niit 1: Property, plan and equipment, and net are fixed assets net of accumulated depreciation. |
Niit 1: Intangible assets are the long-term resources of an entity but have no physical existence. They derive their value from intellectual or legal rights and the value they add to the organization. Examples include patents and trademarks. Goodwill is a type of intangible asset that arises when the company acquires another firm and pays more for it than its net assets marked to fair value. |
Niit 1: Assets represent resources owned by the organization. |
Niit 1: Accounts payable (A/P) represent unpaid bills or amounts that are owed to suppliers (trade creditors). Accounts payable are shown under current, or short-term, liabilities because they are to be paid quickly, generally within ten to forty-five days. |
Niit 1: Accrued expenses (such as wages, salaries, and utility charges) are expenses that are incurred during the period but not paid. They are shown in the balance sheet as a current, or short-term, liability. |
Niit 1: Deferred revenue represents payments made by customers for goods and services for which the sales transaction is still incomplete (such as annual software license fee). |
Niit 1: Current liabilities are bills and obligations that arise in the normal course of a business and are due for payment within a year. |
Niit 1: Long-term obligations are those debts and obligations which will not be paid off at the end of the current financial year. |
Niit 1: Total liabilities represent total debts and obligations of the company including both current and noncurrent liabilities. |
Niit 1: Equity represents ownership, which is the value of the company—assets minus liabilities. | $569,475 | $508,049 | ($61,426) | -11% | $537,272 | $29,223 | 6% |
Income Statement
| For the period ending: | Sunday, September 30, 2012 | Monday, September 30,2013 | Difference bewtween 2012 & 2013 | % Difference 2012 & 2013 | Tuesday, September 30, 2014 | Difference between 2013 & 2014 | % Difference 2013 & 2014 | |||||||
| Net Revenues | ||||||||||||||
| (dollars in 000s) | ||||||||||||||
| Computer component Manufacturing | $248,790 | $188,906 | ($59,884) | -24% | $149,088 | ($39,818) | -21% | |||||||
| Auto Compnents Manfacturing | $165,498 | $129,540 | ($35,958) | -22% | $109,098 | ($20,442) | -16% | |||||||
| Other markets | $86,995 | $53,237 | ($33,758) | -39% | $60,279 | $7,042 | 13% | |||||||
| Total Business Unit Revenue Niit 1: Total business unit revenue is generated from the sale of goods or services. | $501,283 | $371,683 | ($129,600) | -26% | $318,465 | ($53,218) | -14% | |||||||
| Other revenue Niit 1: Other revenue signifies the revenue associated with the activities outside of or peripheral to, the central business of a firm. | $15,066 | $12,033 | ($3,033) | -20% | $13,001 | $968 | 8% | |||||||
| Net revenues | $516,349 | $383,716 | ($132,633) | -26% | $331,466 | ($52,250) | -14% | |||||||
| Cost of sales Niit 1: The cost of sales is the sum of direct material, direct labor, and factory overheads incurred in making a product that is sold. | $475,041 | $396,844 | ($78,197) | -16% | $280,890 | ($115,954) | -29% | |||||||
| Gross Profit Niit 1: Gross profit represents revenue minus the cost of sales. | $41,308 | ($13,128) | ($54,436) | -132% | $50,576 | $63,704 | -485% | |||||||
| Selling, general and administrative expenses Niit 1: Selling, general, and administrative expenses (SG&A) represent the combination of various expenses, including advertising, sales, accounting, and general administrative expenses. These expenses are not attributed to the manufacturing process. | $37,053 | $34,207 | ($2,846) | -8% | $35,470 | $1,263 | 4% | |||||||
| Research and Development | $3,511 | $3,120 | ($391) | -11% | $4,105 | $985 | 32% | |||||||
| Impairment of Goodwill Niit 1: Goodwill is impaired when the underlining fair value of the investment decreases beyond its purchase price. | $23,737 | $23,737 | ERROR:#DIV/0! | ($23,737) | -100% | |||||||||
| Operating income (loss) Niit 1: Operating income is the income (revenue – expenses) resulting from a firm's primary business operations. | $744 | ($74,192) | ($74,936) | -10078% | $11,001 | $85,193 | -115% | |||||||
| Interest income | $149 | $138 | ($11) | -7% | $98 | ($40) | -29% | |||||||
| Interest expense | $450 | $647 | $197 | 44% | $1,550 | $903 | 140% | |||||||
| Income (loss) before income taxes | $443 | ($74,701) | ($75,144) | -16980% | $9,549 | $84,250 | -113% | |||||||
| Provision for (benefit from) income taxes | ($8,768) | ($8,768) | ERROR:#DIV/0! | $6,717 | $15,485 | -177% | ||||||||
| Net income (loss) Niit 1: Net Income is the total revenue in an accounting period minus all expenses of the same period. |
Niit 1: Total business unit revenue is generated from the sale of goods or services. |
Niit 1: Other revenue signifies the revenue associated with the activities outside of or peripheral to, the central business of a firm. |
Niit 1: The cost of sales is the sum of direct material, direct labor, and factory overheads incurred in making a product that is sold. |
Niit 1: Gross profit represents revenue minus the cost of sales. |
Niit 1: Selling, general, and administrative expenses (SG&A) represent the combination of various expenses, including advertising, sales, accounting, and general administrative expenses. These expenses are not attributed to the manufacturing process. |
Niit 1: Goodwill is impaired when the underlining fair value of the investment decreases beyond its purchase price. |
Niit 1: Operating income is the income (revenue – expenses) resulting from a firm's primary business operations. | $443 | ($65,933) | ($66,376) | -14999% | $2,832 | $68,765 | -104% |
