| Income Statement for the Year Ending December 31, 2015 (Millions of Dollars) |
| | 2015 |
| Net Sales | $ 800.0 |
| Costs (except depreciation) | $ 576.0 |
| Depreciation | $ 60.0 |
| Total operating costs | $ 636.0 |
| Earning before int. & tax | $ 164.0 |
| Less interest | $ 32.0 |
| Earning before taxes | $ 132.0 |
| Taxes (40%) | $ 52.8 |
| Net income before pref. div. | $ 79.2 |
| Preferred div. | $ 1.4 |
| Net income avail. for com. div. | $ 77.9 |
| Common dividends | $ 31.1 |
| Addition to retained earnings | $ 46.7 |
| Number of shares (in millions) | 10 |
| Dividends per share | $ 3.11 |
| Balance Sheets for December 31, 2015 (Millions of Dollars) |
| Assets | 2015 | | Liabilities and Equity | | 2015 |
| Cash | $ 8.0 | | Accounts Payable | | $ 16.0 |
| Short-term investments | 20.0 | | Notes payable | | 40.0 |
| Accounts receivable | 80.0 | | Accruals | | 40.0 |
| Inventories | 160.0 | | Total current liabilities | | $ 96.0 |
| Total current assets | $ 268.0 | | Long-term bonds | | $ 300.0 |
| Net plant and equipment | 600.0 | | Preferred stock | | $ 15.0 |
| Total Assets | $ 868.0 | | Common Stock
(Par plus PIC) | | $ 257.0 |
| | | | Retained earnings | | 200.0 |
| | | | Common equity | | $ 457.0 |
| | | | Total liabilities and equity | | $ 868.0 |
| Projected Free cash flow (in millions) |
| | | 2016 | 2017 | 2018 | 2019 |
| Free cash flow | | -$5.6 | $33.4 | $71.8 | $76.1 |
nona1990
excel.xlsx
