Accounting - Entries/ Balance Sheet/ Income statement - Case Study

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graham_unadjusted_balance_sheet.xlsx
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Table 1

Graham Products
ii' 0.1 SCHEDULE 1 Preparer's Name
Graham Products
Unadjusted Balance Sheets
'·' (UNAUDITED & ALL NUMBERS IN THOUSANDS)
12/31/14 12/31/2013 12/31/2012 12/31/2011 12/31/2010 12/31/2014 12/31/13 12/31/12 12/31/11 12/31/10
Percentage of
ASSETS Total Assets
Current Assets :
Cash $ 97,326 86,898 86,898 75,237 62,697 2.74 3.09% 3.28% 4.21% 3.71%
Accounts Receivable-Trade 191,952 161,327 128,641 132832 153,497 5.39 5.74% 5.10% 7.43% 9.09%
,, Rec.-Related Companies 1,446 6,046 12,070 6,691 5,890 0.04 0.22% 0.48% 0.37% 0.35%
Inventory 1210965 977,301 748,316 541,703 467,094 34.02 34.79% 29.65% 30.28% 27.66%
,', Prepaid Expenses 63,303 58,088 62,313 60,476 60,635 1.78 2.07% 2.47% 3.38% 3.59%
Other Current Assets 48,023 41,873 4,296 23,458 1.35 1.49% 0.17% 0.00% 1.39%
Total Current Assets 1613015 1,331,533 1,038,396 816939 773,271 45.32 47.4 41.15 47.64 47.79
Property, Plant and Equip
., Furniture and Fixtures 1,304,204 1,067,507 948,317 580,770 464,556 36.64% 38.00% 37.58% 32.47% 27.51%
Leasehold Improvements 1,636,779 1,214,225 1,158,183 883,539 762,516 45.99% 43.22% 45.90% 49.39% 45.15%
Transportation Equipment 35,471 21,594 34,164 36,566 31,727 1.00% 0.77% 1.35% 2.04% 1.88%
Total 2,976,454 2,303,326 2,140,664 1,500,875 1,258,799 83.63% 81.99% 84.83% 83.90% 74.54%
Less: Accumulated Depreciation (1,134,534) (928,544) (756,934) (648,670) (460,714) -31.88% -33.05% -30.00% -36.26% -27.28%
Net Fixed Assets 1,841,920 1,374,782 1,383,730 852,205 798,085 51.75% 48.94% 54.83% 47.64% 47.26%
Other Assets :
Cash Value-Life Insurance 14,188 7,018 1,412 13,926 6,750 0.40% 0.25% 0.06% 0.78% 0.40%
Investments 90,049 95,849 99,942 105,695 110,673 2.53% 3.41% 3.96% 5.91% 6.55%
Total Other Assets 104,237 102,867 101,354 119,621 117,423 2.93% 3.66% 4.02% 6.69% 6.95%
Total Assets $ 3,559,172 $ 2,809,182 $ 2,523,480 $ 1,788,765 $ 1,688,779 100.00% 100.00% 100.00% 100.00% 100.00%
LIABILITIES & EQUITY
Current Liabilities:
Current Portion - LT Debt $ 52,307 $ 41,089 $ 57,690 $ 30,743 $ 30,820 1.46% 1.46% 2.28% 1.71% 1.83%
Accounts Payable 603,544 399,226 386,869 219,610 305,501 16.96% 14.21% 15.33% 12.28% 18.09%
1 Due Bills & Gift Certificates 21,357 19,581 23,902 29,782 43,667 0.60% 0.70% 0.95% 1.66% 2.59%
Advances From Affiliates 199,419 138,406 208,668 147,350 64,562 5.60% 4.93% 8.27% 8.24% 3.82%
Accrued Salaries 137,577 160,897 128,474 120,023 198,431 3.87% 5.73% 5.09% 6.71% 11.75%
' Income Taxes Payable 110,227 98,713 66,111 43,784 52,087 3.10% 3.51% 2.62% 2.45% 3.08%
Total Current Liabilities 1,124,431 857,912 871,714 591,292 695,068 31.59% 30.54% 34.54% 33.05% 41.16%
Long Term Liabilities:
LT Debt (Net-Current Portion) 613,486 379,320 331,741 183,217 289,457 17.24% 13.50% 13.15% 10.24% 17.14%
Total LT Liabilities 613,486 379,320 331,741 183,217 289,457 17.24% 13.50% 13.15% 10.24% 17.14%
Total Liabilities 1,737,917 1,237,232 1,203,455 774,509 984,525 48.83% 44.04% 47.69% 43.29% 58.30%
Stockholders' Equity:
Common Stock 10,000 10,000 10,000 10,000 10,000 0.28% 0.36% 0.40% 0.56% 0.59%
Additional Paid-In Capital 14,976 14,976 14,976 14,976 14,976 0.42% 0.53% 0.59% 0.84% 0.89%
Retained Earnings 1,796,279 1,546,974 1,295,049 989,280 679,278 50.47% 55.07% 51.32% 55.31% 40.22%
Total Shareholders' Equity 1,821,255 1,571,950 1,320,025 1,014,256 704,254 51.17% 55.96% 52.31% 56.71% 41.70%
Total Liab & Shareholders' Equity $ 3,559,172 $ 2,809,182 $ 2,523,480 $ 1,788,765 $ 1,688,779 100.00% 100.00% 100.00% 100.00% 100.00%