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Financial statements and cash flow
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Cash flow throughout the company is broken up into cash generated by operating activities, financing activities, and investing activities. A company’s operating activities are typically what generates more cash and that stays true for J.B. Hunt. J.B. Hunt generated $873 million in 2015, a $226 million increase from the $647 million amount earned in 2014 (10-k, 22). This large increase occurred due to a few occurrences over the year. Over the year, J.B. Hunt had an increase in their earnings and they also collected much of their trade and income tax receivables (10-k, 22). Due to these primary reasons, J.B. Hunt generated more cash from operating activities during 2015. Compared to the amount of cash generated by the operating activities of …show more content…
Hunt has more cash to use in investing and financing activities. J.B. Hunt needs more cash than Landstar in order to invest in equipment that they will need in order to operate during the year. Equipment such as containers, chassis, trucks, tractors, and trailers are all things that J.B. Hunt must invest in so that they can replace old equipment or in order to increase their inventory (10-k, 22). All of this equipment is not necessary for Landstar since they are asset light, therefore they will use substantially less cash in investing activities than J.B. Hunt. For 2015, J.B. Hunt used a total of $577 million in investing activities, a decrease from the amount $660 million used in 2014 (10-k, 22). This decrease was primarily due to less purchases of equipment and an increase in the cash earned from selling equipment over the year (10-k, 22). Even with less need to invest in equipment, J.B. Hunt used a much greater amount of cash on investing than Landstar did during 2015. Landstar used $8 million during 2015, which is an increase from the $4 million amount used in 2014 (LSTR 10-k, 39). As previously stated, this difference is due to J.B. Hunt having a greater amount of cash from operating activities and a greater need to invest than Landstar …show more content…
J.B. Hunt used a total of $297 million in financing activities, which is a large increase from the $13 million used in 2014 (10-k, 22). With more cash at their disposal from operating activities during 2015, J.B. Hunt were able to use that cash on financing activities since they ended up using less cash in investing activities than the prior year. Therefore, they purchased more treasury stocks and they repaid more of their long-term debt than the amount of debt that they issued during the year (10-k, 22). Landstar’s use of cash on financing activities are similar to that of their competitor’s during 2015. Landstar used $254 million during 2015, an increase from the $112 million used during 2014 (LSTR 10-k, 39). Like J.B. Hunt, Landstar had more cash at their disposal and they were able to use some of that money to purchase more treasury stocks. Also, since Landstar did not use much of their cash on investing activities, they had more to spend on financing activities. This represents the biggest difference between the two companies regarding their cash flow. Due to Landstar being asset light, they generate less cash from operating activities and they use more of that cash on financing activities since they do not have much of a need to invest. J.B. Hunt generates a large amount of cash from operating activities, which they use mostly on investing in capital expenditures
On March 24, 2016, officers were dispatched to a scene where a male subject was trying to gain entry into a vehicle using a hammer. Upon arrival officers made contact with a male subject who was later identified as Keith Hunt, the defendant, and the victim. The victim explained to the officers she was standing near the trunk of her vehicle when Mr. Hunt approached, He attempted to keep into her vehicle without permission; so she confronted the defendant and tried to secure her vehicle. Mr. Hunt demanded she give him the keys and her wallet. The victim stated the defendant had a hammer in his hand and was threatening her with it while he was telling her to hand over the property. They began to struggle over the keys and the victim screamed
In analyzing the common-size balance sheet for Applebee’s, it is noted that the total current assets has jumped from 11% to 14% of the total assets. The total assets for Applebee’s has jumped 6% from 2000 to 2001 driven by increased in the total current assets of 28%. Of those 28% increase, they consisted of 88% increase in the Cash & Equivalents (increased of $10.6 millions) caused by the decreased in the Capital Stock repurchasing in 2001 by Applebee’s. The repurchase of capital stock has decreased by 31% as noted from the year-to-year percentage changes of the Statement of Cash Flow which equivalent to about $11 million dollars. The other current assets increased was from the other Current Assets category; there was an increase of 92% from 2000 to 2001. Due to the higher earnings for Applebee’s, there was an increase in income tax due. A significant component of the increase of other Current Assets was from increased in prepaid income taxes with net deferred income tax asset of $6.7 millions dollars.
The conviction of guilty offenders when adhering to the guidelines of the NSW criminal trial process is not difficult based on the presumption of innocence. However, due to features of the criminal trial process, established by the adversarial system of trial, cases can often involve copious amounts of time and money, particularly evident in the case of R vs Rogerson and McNamara where factors such as time and money are demonstrated to be in excess. In addition, characteristics of the adversarial system such as plea bargaining has the power to hinder convictions due to the accused having the authority to hire experienced and expensive lawyers to argue their case, hence maintaining their innocence.
In Tim Seibles' poem, The Case, he reviews the problematic situations of how white people are naturally born with an unfair privilege. Throughout the poem, he goes into detail about how colored people become uncomfortable when they realize that their skin color is different. Not only does it affect them in an everyday aspect, but also in emotional ways as well. He starts off with stating how white people are beautiful and continues on with how people enjoy their presence. Then he transitions into how people of color actually feel when they encounter a white person. After, he ends with the accusation of the white people in today's world that are still racist and hateful towards people of color.
The Dread Scott decision exacerbated the debate over slavery by declaring that blacks cannot be citizens and that Congress does not have the power to prohibit slavery in the territories, which further divided the North and the South. The decision also deeply affected politics, and was one of the causes of the Civil War.
PetSmart, Inc. is a company that provides both products and services for pets. The first spark of interest for investing in this company’s stock begins with the gradual and steady profit over the the past few years. Consider the following data, at the end of the fiscal year of 2014 the recorded revenues were $6,916.6 million, which was an increase of 2.3% over the fiscal year 2013 (PetSmart, Inc. SWOT Analysis, 2015, pp. 3). In addition to revenues of the fiscal year of 2014, the operating profit of PetSmart was around $693.3 million, and compared to fiscal year 2013, this was an increase of 6.5%; the net profit for 2014 was at $419.5 million, which was an increase of 7.7% over 2013 (PetSmart,
Looking at the individual ratios seen in exhibit 1 and comparing it to the industry average shown in exhibit 2 gives a sense of where this company stands. Current ratio and quick ratio are really low and have been decreasing. For 1995, the current ratio is 1.15:1, which is less than the industry average of 1.60:1, however to give a better sense of where this stands in the industry, as seen in exhibit 3, it is actually less than the average of the bottom 25% of the industry. The quick ratio is 0.61 is less than the industry is 0.90. Both these ratios serve to point out the lack of cash in this company. The cash flow has been decreasing because, it takes longer to get the money from customers, but the company still needs to pay for its purchases. Also, the company couldn’t go over the $400,000 loan limit, so they were forced to stretch their cash.
In addition, from their financial statements, it appears that they made substantial property purchases in 1995 ($126,000). These were financed them with their revolving loan. One can assume that this expense was a result of their significant increase in sales, but it is generally not a good cash management strategy to use short-term debt to buy long terms assets. If we look at a number of key ratios for Clarkson Lumber, some clear issues emerge. Their Debt to Equity ratio is rising as a result of increased debt.
Jones Blair Case #1 Introduction In 1999, the U.S. paint industry sales were projected to be more than $13 billion. The industry has slow sales growth and is constantly changing due to government regulations. In 1999, JonesBlair had sales volume of $12 million with an annual growth rate of 4%. JonesBlair produces and sells architectural coatings, OEM coatings, and paint sundries. However, the President, Alexander Barrett, and the senior management executives know that there are some areas that they need to improve on.
Butler was one of many to be accused of a crime he didn’t commit. In 1993, a woman got
By looking at the return on equity Hasbro is more efficient with investors money as not only did they earn more per invested dollar each year, but their efficiency increased while Mattel’s declined. By looking at the return on assets, Hasbro utilizes its assets more effectively as not only did they earn more per dollar of assets each year, but Hasbro’s ratio increased from 2015 to 2016 while Mattel’s declined. Hasbro has a higher turnover ratio than Mattel and increased from 2015 to 2016 while Mattel’s dropped. Hasbro is more efficient and is gaining efficiency while Mattel is losing it. By comparing inventory turnover ratios, Mattel’s has decreased and their days increased which means they are losing efficiency with selling their inventory. Hasbro’s is increasing meaning they are gaining efficiency. For the cash coverage ratio, Hasbro increased while Mattel fell. This means that from 2015 to 2016 Hasbro made more in cash for every dollar of interest paid while Mattel earned less per dollar from their previous year. Hasbro would be the better investment
Javon currently lives with his therapeutic foster parents Mr. and Mrs. Kyle and Lori Patterson in the city of Norfolk, Virginia. Javon follows rules and has adjusted well to the Patterson’s supervision. Javon receives case management through the Blair Foundation. He is also receiving medication management through Churchland Psychiatric Associates, Inc. In the Patterson home, Javon is consistently subject to appropriate consequences for bad behavior and consistently receives appropriate rewards for good behavior. His guardian always practices good supervision. Javon volunteers in the home to complete chores and assist the other foster children. Javon's cousin maintains regular contact with him and is involved with his treatment to implement appropriate services for Javon. Javon’s current environment provides opportunities for growth and consistent love, caring, and support. He now has a male figure in the home who is seeking to provide Javon with additional
...o renegotiate credit agreements with banks. However, the liquidity was a result of structural changes and would not bring significant effect to the company because it is unusual and infrequent (the extraordinary credits of $15 million fall in this category also). The financial report must be consistent year-by-year. A company should do the same or similar activities, especially operating activities, to generate “money” every year and recognize “money” as its profit. However, this is not the case for Harnischfeger. We are doubtful that the company will perform well in the future. The company recorded modest profit this year because it reduced operating cost not because it increased operating revenue. Since Harnischfeger did not generate its profit by operating activity, it would be too risky to predict if its stock price will reach $6.00 per share in the 1986-87.
this means cash flow is improves as the money is not tied up in stock
1. What is it about the Gore organizational culture that keeps it a leader in innovation and creativity?