SlideShare une entreprise Scribd logo
1  sur  11
Télécharger pour lire hors ligne
Cash Flow Statement
The following is an example of a Cash Flow Statement. Click on any line item label
and an explanation will be shown. This is a five year statement, however, your first
year's projections should show monthly figures, the second year, quarterly and years
three through five should show annual figures.

                                2011         2012         2013         2014            2015
Source of Funds
Beginning cash                         0    -11,767    143,765    416,274    924,480
Sales/Svcs Income              1,366,986 2,662,548 3,416,123 4,565,616 5,981,959
Sale of Assets                         0          0          0          0          0
Customer deposits                      0          0          0          0          0
Loans                                  0          0          0          0          0
Contributed Capital              400,000          0          0          0          0
Available Cash                $1,766,986 $2,650,781 $3,559,888 $4,981,890 $6,906,439

Use of Funds
Salaries                       1,355,000 1,676,000 2,044,000 2,557,000 3,355,000
Other operating expenses         423,753    759,933    900,245 1,187,340 1,533,432
Loan payments                          0     24,910     99,640      99,640     99,640
Capital Expenditures                   0          0          0           0          0
Tax Payments                           0      46173      99729     213430     277791
Total Cash Out                $1,778,753 $2,507,016 $3,143,614 $4,057,410 $5,265,863
Net Cash Flow                  ($11,767) $143,765 $416,274 $924,480 $1,640,576
Annual Financials for Canadian Solar Inc.
12/2010 12/2009 12/2008 12/2007
All amounts in millions except per share amounts.
                                                     (TTM) (TTM) (TTM) (TTM)
Operating Activities
Net Income (Loss)                                     50.83      22.78 -7.53 -0.21
Depreciation                                          31.27      20.51   9.28   1.68
Amortization                                           0.04       0.04   1.18   0.02
Amortization of Intangibles                            0.00       0.00   0.00   0.00
Deferred Income Taxes                                 -5.18     -10.83 -0.98 -2.93
Operating (Gains) Losses                              -0.13       7.67 -1.50    2.04
Extraordinary (Gains) Losses                           0.00       0.00   0.00   0.00
(Increase) Decrease in Receivables                    -7.53    -138.44 -0.55 -47.16
(Increase) Decrease in Inventories                  -103.64     -83.97 -39.99 -27.10
(Increase) Decrease in Prepaid Expenses               -6.88     -16.64 -9.73 -4.85
(Increase) Decrease in Other Current Assets           -1.35       0.00   0.00 -16.80
(Increase) Decrease in Payables                       18.10      62.86 19.26    0.72
(Increase) Decrease in Other Curr Liabs.             -57.76     119.16 10.58    4.76
(Increase) Decrease in Other Working Capital           9.55      15.98 -31.32 -0.44
Other Non-Cash Items                                  14.19      51.82 54.50 10.04
Net Cash from Continuing Operations                  -58.49      50.92   3.19 -80.22
Net Cash from Discontinued Operations                  0.00       0.00   0.00   0.00

Net Cash from Operating Activities                    -58.49    50.92    3.19 -80.22

Investing Activities
Sale of Property, Plant, Equipment                     0.29    0.22   0.01   0.22
Sale of Long Term Investments                          0.00    0.00   0.00   0.00
Sale of Short Term Investments                         0.00    0.00   0.00   0.00
Purchase of Property, Plant, Equipment              -134.31 -72.21 -104.82 -42.01
Acquisitions                                           0.00    0.00   0.00   0.00
Purchase of Long Term Investments                      0.00    0.00 -3.00    0.00
Purchase of Short Term Investments                    -0.99 -158.62 -17.95   0.00
Other Investing Changes Net                            1.02 -3.95     0.00 -0.70
Cash from Disc. Investing Activities                   0.00    0.00   0.00   0.00

Net Cash from Investing Activities                  -133.99 -234.57 -125.76 -42.48

Financing Activities
Issuance of Debt                                    1,007.17 496.35 259.06 167.09
Issuance of Capital Stock                               0.82 104.02 114.69     0.15
Repayment of Debt                                    -695.51 -371.68 -170.30 -56.16
Repurchase of Capital Stock                             0.00    0.00    0.00   0.00
Payment of Cash Dividends                               0.00    0.00    0.00   0.00
Other Financing Charges, Net                            0.15 -0.53 -2.09 13.74
Cash from Disc. Financing Activities                    0.00    0.00    0.00   0.00

Net Cash from Financing Activities                   312.63 228.17 201.36 124.83

Effect of Exchange Rate Changes                        8.39      -0.07   -0.79   -5.36
Annual Financials for JA Solar Holdings Co. Ltd.
ADS
12/2010 12/2009 12/2008 12/2007
All amounts in millions except per share amounts.
                                                     (TTM) (TTM) (TTM) (TTM)
Operating Activities
Net Income (Loss)                                    266.38   -28.34     70.21 54.81
Depreciation                                          45.15    26.19     12.93    4.67
Amortization                                          18.80    18.74      0.00    0.00
Amortization of Intangibles                            0.00     0.00      0.00    0.00
Deferred Income Taxes                                 -5.59    -3.17     -3.37 -0.76
Operating (Gains) Losses                             -34.30     3.67     -2.72 12.41
Extraordinary (Gains) Losses                           0.00     0.00      0.00    0.00
(Increase) Decrease in Receivables                  -111.37   -17.68    -47.81 -0.80
(Increase) Decrease in Inventories                  -109.12   -13.68    -75.13 -0.36
(Increase) Decrease in Prepaid Expenses               51.30    46.26   -126.55    0.00
(Increase) Decrease in Other Current Assets          -51.94    -3.39    -21.80 -249.82
(Increase) Decrease in Payables                       99.49    36.60     15.81    1.23
(Increase) Decrease in Other Curr Liabs.               1.58     1.34      2.43    9.14
(Increase) Decrease in Other Working Capital           9.68    60.52    -65.23    0.00
Other Non-Cash Items                                  14.12    38.34     52.29 12.55
Net Cash from Continuing Operations                  194.17   165.39   -188.94 -156.94
Net Cash from Discontinued Operations                  0.00     0.00      0.00    0.00

Net Cash from Operating Activities                   194.17 165.39 -188.94 -156.94

Investing Activities
Sale of Property, Plant, Equipment                     1.13   0.04    0.01    0.00
Sale of Long Term Investments                          0.00   0.00 55.11      0.00
Sale of Short Term Investments                        35.08   9.67 318.52     0.00
Purchase of Property, Plant, Equipment              -250.76 -89.77 -119.09 -57.75
Acquisitions                                           0.00   0.00    0.00    0.00
Purchase of Long Term Investments                      0.00   0.00    0.00    0.00
Purchase of Short Term Investments                     0.00   0.00 -316.02 -110.99
Other Investing Changes Net                          -40.22 -1.55     0.00    0.00
Cash from Disc. Investing Activities                   0.00   0.00    0.00    0.00

Net Cash from Investing Activities                  -254.78 -81.61 -61.47 -168.74

Financing Activities
Issuance of Debt                                     242.80 105.46 468.93 34.23
Issuance of Capital Stock                              1.26    2.47   2.77 474.99
Repayment of Debt                                   -116.85 -143.49 -89.13 -27.38
Repurchase of Capital Stock                            0.00    0.00   0.00   0.00
Payment of Cash Dividends                              0.00    0.00   0.00   0.00
Other Financing Charges, Net                           0.00    0.00   0.00   0.00
Cash from Disc. Financing Activities                   0.00    0.00   0.00   0.00

Net Cash from Financing Activities                   127.21 -35.56 382.57 481.83

Effect of Exchange Rate Changes                       -2.53    -0.70 -13.91 -12.50
Cash Flow Template 1


                        Business Plan Sample
                    Sources of Cash Flow Template

          Statement For the Month Ended_________.

Sales
Loans
Equity Investment
Uses of Cash
Expenses to be Paid
Start Up Cost
Balance
(Monthly cash receipts minus
monthly accounts Payable)
Other Factors
Seasonal
Return (s)
Payment Terms


Cash Flow Template 2

                        Cash Flow Template

          Statement For the Month Ended_________.

                                   Estimated        Actual
Cash On Hand
(Beginning of the Month)
Cash Receipts
Cash Sales
Collections From Credit Accounts
Loans
Other
Total Cash Receipts
Total Cash Available
Cash Paid Out
Gross Wages
Payroll Expenses
Outline Services
Office Supplies
Operating Supplies
Repairs and Maintenance
Advertising
Car
Delivery
Travel
Accounting
Legal
Rent
Telephone
Utilities
Insurance
Taxes
Interest
Other
Miscellaneous
Subtotal
Loan Principal Payment
Capital Purchase
Start Up Cost
Reserve and/or escrow
Owner's Withdrawals
Total Cash Paid Out
Cash Position
Essential Operating Data (non Cash
Flow information)
Sales Volume
Accounts Receivable (end of the
month)
Bad Dept (end or the month)
Inventory (end of the month)
Accounts Payable (end of the
month)
Total Cash Flow




Cash Flow Statement Example-Direct and Indirect
Method:
Unlike the major financial statements, cash flow statement is not prepared from the adjusted
trial balance. The information to prepare this statement usually comes from three sources:

    1. Comparative balance sheets provide the amount of the changes in assets,
        liabilities, and equities from the beginning to the end of the period.
    2. Current income statement data help the reader determine the amount of cash
       provided by or used by operations during the period.
    3. Selected transaction data from the general ledger provide additional detailed
       information needed to determine how cash was provided or used during the period
Preparing the statement of cash flows from the data sources above involves three major
steps:

Step 1. Determine the change in cash:
This procedure is straight forward because the difference between the beginning and the
ending cash balance can be easily computed from an examination of the comparative
balance sheet.

Step 2. Determine the net cash flow from operating activities:
This procedure is complex. It involves analyzing not only the current year's income statement
but also comparative balance sheets and selected transitions data.

Step 3. Determine net cash flows from investing and financing activities:
All other changes in the balance sheet accounts must be analyzed to determine their effects
on cash.

Cash Flow Statement Example:

A Comprehensive illustration
To illustrate a statement of cash flows we will use the first year of operations for Tax
Consultants Inc. The company started on January 1, 2003, when it issued 60,000 shares of
$1 par value common stock for $60,000 cash. The company rented its office space and
furniture and equipment, and it performed tax consulting services throughout the first year.
The comparative balance sheets at the beginning and at the end of the year 2003 appear as
follows.

          Assets                                                      Change Increase/
                               Dec. 31, 2003           Jan. 1, 2003      Decrease

Cash                               $49,000                  $-0-       $49,000 increase
Accounts receivable                $36,000                  $-0-       $36,000 increase
                                  -----------             ---------
Total                              $85,000                  $-0-
                                  ======                  =====
     Liabilities and
  Stockholder's Equity

Accounts payable                  $ 5,000                   $-0-       $ 5,000 increase
Common stock                      $60,000                   $-0-       $60,000 increase
Retained earnings                 $20,000                   $-0-       $20,000 increase
                                  ---------                -------
Total                             $85,000                   $-0-
                                 =======                   =====

The income statement and additional information for Tax Consultation Inc. are as follows.

                                        Tax Consultants Inc.
                                         Income Statement
                               For the year ended December 31, 2003
Revenue                                                                      $125,000
Operating expenses                                                           $ 85,000
                                                                               ---------
Income before income taxes                                                   $ 40,000
Income tax expenses                                                          $ 6,000
                                                                              ----------
Net income                                                                   $ 34,000
                                                                             =======

Step 1: Determine the Change in Cash:
To prepare a statement of cash flows, the first step―determining the change in cash―is a
simple computation. The company has no cash on hand at the beginning of the year 2003,
but $49,000 at the end of 2003. Thus the change in cash for 2003 was an increase of $49,000

Step 2: Determine Net Cash Flow from Operating Activities:
A usual starting point in determining net cash flow from operating activities is to understand
why net income must be converted. Under generally accepted accounting principles, most
companies must use the accrual basis of accounting, requiring revenues be reported when
earned and that expenses be recorded when incurred. Net income may include credit sales
that have not been collected in cash and expenses incurred that may not have been paid in
cash. Thus, under the accrual basis of accounting, net income will not indicate the net cash
flow from operating activities.

To arrive at net cash flow from operating activities, it is necessary to report revenue and
expenses on cash basis. This is done by eliminating the effects of statement transactions that
did not result in a corresponding increase or decrease in cash.

The conversion of net income into net cash flow from operating activities may be done
through either a direct method or an indirect method as explained in the following discussion.

1.Direct Method:

(also called the income statement method) reports cash receipts and cash disbursements
from operating activities. The difference between these two amounts in the net cash flow from
operating activates. In other words, the direct method deducts from operating cash receipts
the operating cash disbursements. The direct method results in the presentation of a
condensed cash receipts and cash disbursements statement.

As directed from the accrual based income statement, Tax consultants Inc. reported revenues
of $125,000. However, because the company's accounts receivable increased during 2003 by
$36,000, only $89,000 ($125,000 − $36,000) in cash collected on these revenues. Similarly,
company reported operating expenses of $85,000, but accounts payable increased during the
period by $5,000. Assuming that payable related to operating expenses, cash operating
expenses were $80,000 ($85,000 − $5,000). Because no taxes payable exist at the end of the
year, the$6,000 income tax expense for 2003 must have been paid in cash during the year.
Then the computation of net cash flow from operating activities is as follows:

Cash collected from revenues                                                $89,000
Cash payment for expenses                                                   $80,000
                                                                            ---------
Income before income taxes                                                  $ 9,000
Cash payments for income taxes                                              $ 6,000
                                                                            ---------
Net cash provided by operating activities                                   $ 3,000
======

"Net cash provided by operating activities" is equivalent of cash-basis net income. ("Net cash
used by operating activities" would be equivalent to cash-basis net loss)

2 Indirect Method:

(or reconciliation method) starts with net income and converts it to net cash flow from
operating activities. In other words, the Indirect method adjusts net income for items that
affected reported net income but didn't affected cash. To compute net cash flows from
operating activities, noncash changes in the income statement are added back to net income,
and net cash credits are deducted. Explanations for the two adjustments to net income in this
example―namely, the accounts receivable and accounts payable―are as follows.

Increase in Accounts Receivable―Indirect Method:
When accounts receivable increase during the year, revenues on an accrual basis are higher
than on a cash basis because goods sold on account are reported as revenues. In other
words, operations for the period led to increased revenues, but not all of these revenues
resulted in an increase in cash. Some of the increase in revenues resulted in an increase in
accounts receivable. To convert net income to net cash flow from operating activities, the
increase of $36,000 in accounts payable must be deducted from net income.

Increase in Accounts Payable―Indirect Method:
When accounts payable increase during the period, expenses on an accrual basis are higher
than they are on a cash basis because expenses are incurred for which payment has not
taken place. To convert net income to net cash flow from operating activities, the increase of
$5,000 in accounts payable must be added back to net income.

As a result of the accounts receivable and accounts payable adjustments, net cash provided
by operating activities is determined to be $3,000 for the year 2003. This calculation is shown
as follows.

Net income                                                                   $34,000
Adjustments to reconcile net income
to net cash provided by operating
activities:                                        $(36,000)
Increase in accounts receivable                    $ 5,000                   ($31,000)
Increase in accounts payable                                                  ----------
                                                                              $ 3,000
Net cash provided by operating                                               =======
activities

Note that net cash provided by operating activities is the same whether the direct or indirect
method is used.

Step 3: Determine Net Cash Flows from Investing and Financing Activities:
Once the net cash flows from operating activities is computed, the next step is to determine
whether any other changes in balance sheet accounts caused an increase or decrease in
cash.

For example, an examination of the remaining balance sheet accounts for Tax Consultants
Inc. shows that both common and retained earnings have increased. The common stock
increase of $60,000 resulted from the issuance of common stock for cash. The issuance of
common stock is a receipt of cash from a financing activity and is reported as such in the
statement of cash flows. The retained earnings increase of $20,000 is caused by two items:
1. Net income of $34,000 increased retained earnings
    2. Dividend declared of $4,000 decreased retained earnings.

Net income has been converted into net cash flows from operating activities, as explained
earlier. The additional data indicates that the dividend was paid. Thus, the dividend payment
on common stock is reported as cash outflow, classified as financing activity.

We are now ready to prepare the statement of cash flows. The statement starts with the
operating activities section. Either the direct or indirect method may be used to report net
cash flow from operating activates.

The statement of cash flows under indirect method for Tax Consultation Inc. is as follows.

                                         Tax Consultants Inc.
                                 cash flow statement-Indirect Method
                                For the year ended December 31, 2003


Cash Flows From Operating Activities:

Net income                                                                         $34,000
Adjustments to reconcile net income to net cash
provided by operating activities:
Increase in accounts receivable                                   $(36,000)
Increase in accounts payable                                      $ 5,000
                                                                ---------------
Net cash provided by operating activities                                          ($31,000)
                                                                                  -------------
Cash Flows From Financing Activities:                                               $ 3,000

Issuance of common stock                                           $60,000
Payment of cash dividend                                          $(14,000)
                                                                   ----------
Net cash provided by financing activities

Net increase in cash                                                               $46,000
Cash, January 1, 2003                                                             -----------
                                                                                    49,000
Cash, December 31, 2003                                                               -0-
                                                                                   ----------
                                                                                   $49,000
                                                                                  =======

As indicated, the $60,000 increase in common stock results in a cash inflow from a financing
activity. The payment of $14,000 in cash dividends is classified as a use of cash from a
financing activity. The $49,000 increase in cash reported in the statement of cash flows
agrees with the increase of $49,000 shown as the change in the cash account in the
comparative balance sheet.

Contenu connexe

Tendances

Financial_analysis_CTc
Financial_analysis_CTcFinancial_analysis_CTc
Financial_analysis_CTcJan Zika
 
NTPC Financial Modelling
NTPC Financial ModellingNTPC Financial Modelling
NTPC Financial ModellingSHAHID HASSAN
 
Jsw Ipo
Jsw IpoJsw Ipo
Jsw IpoKunal
 
Harley Davidson Financials, HOG Factbook, 2010 HD, Sales Growth Motorcycle Sales
Harley Davidson Financials, HOG Factbook, 2010 HD, Sales Growth Motorcycle SalesHarley Davidson Financials, HOG Factbook, 2010 HD, Sales Growth Motorcycle Sales
Harley Davidson Financials, HOG Factbook, 2010 HD, Sales Growth Motorcycle SalesBillStankiewicz
 
conoco phillips 2004Fourth Quarter
conoco phillips 2004Fourth Quarterconoco phillips 2004Fourth Quarter
conoco phillips 2004Fourth Quarterfinance1
 
Stoxx 600 Index - Dividends and Implied Volatility Surface Parameters
Stoxx 600 Index - Dividends and Implied Volatility Surface ParametersStoxx 600 Index - Dividends and Implied Volatility Surface Parameters
Stoxx 600 Index - Dividends and Implied Volatility Surface ParametersBCV
 
Saral Gyan 15% @ 90 DAYS Sept 2010
Saral Gyan 15% @ 90 DAYS Sept 2010Saral Gyan 15% @ 90 DAYS Sept 2010
Saral Gyan 15% @ 90 DAYS Sept 2010SaralGyanTeam
 
plains all american pipeline 2005 10-K part 2
plains all american pipeline   2005 10-K part 2plains all american pipeline   2005 10-K part 2
plains all american pipeline 2005 10-K part 2finance13
 
Balance sheet of state bank of india (1)
Balance sheet of state bank of india (1)Balance sheet of state bank of india (1)
Balance sheet of state bank of india (1)shikha20102347
 
Stoxx 600 Index - Dividends and Implied Volatility Surfaces Parameters
Stoxx 600 Index - Dividends and Implied Volatility Surfaces ParametersStoxx 600 Index - Dividends and Implied Volatility Surfaces Parameters
Stoxx 600 Index - Dividends and Implied Volatility Surfaces ParametersBCV
 
.energyfutureholdings txufinancials1q01
.energyfutureholdings txufinancials1q01.energyfutureholdings txufinancials1q01
.energyfutureholdings txufinancials1q01finance29
 
conoco phillips 2004Third Quarter
conoco phillips 2004Third Quarterconoco phillips 2004Third Quarter
conoco phillips 2004Third Quarterfinance1
 

Tendances (19)

Financial_analysis_CTc
Financial_analysis_CTcFinancial_analysis_CTc
Financial_analysis_CTc
 
NTPC Financial Modelling
NTPC Financial ModellingNTPC Financial Modelling
NTPC Financial Modelling
 
Jsw Ipo
Jsw IpoJsw Ipo
Jsw Ipo
 
Harley Davidson Financials, HOG Factbook, 2010 HD, Sales Growth Motorcycle Sales
Harley Davidson Financials, HOG Factbook, 2010 HD, Sales Growth Motorcycle SalesHarley Davidson Financials, HOG Factbook, 2010 HD, Sales Growth Motorcycle Sales
Harley Davidson Financials, HOG Factbook, 2010 HD, Sales Growth Motorcycle Sales
 
conoco phillips 2004Fourth Quarter
conoco phillips 2004Fourth Quarterconoco phillips 2004Fourth Quarter
conoco phillips 2004Fourth Quarter
 
Stoxx 600 Index - Dividends and Implied Volatility Surface Parameters
Stoxx 600 Index - Dividends and Implied Volatility Surface ParametersStoxx 600 Index - Dividends and Implied Volatility Surface Parameters
Stoxx 600 Index - Dividends and Implied Volatility Surface Parameters
 
Book2
Book2Book2
Book2
 
itw_10q2q02
itw_10q2q02itw_10q2q02
itw_10q2q02
 
Harpreet
HarpreetHarpreet
Harpreet
 
Saral Gyan 15% @ 90 DAYS Sept 2010
Saral Gyan 15% @ 90 DAYS Sept 2010Saral Gyan 15% @ 90 DAYS Sept 2010
Saral Gyan 15% @ 90 DAYS Sept 2010
 
plains all american pipeline 2005 10-K part 2
plains all american pipeline   2005 10-K part 2plains all american pipeline   2005 10-K part 2
plains all american pipeline 2005 10-K part 2
 
Balance sheet of state bank of india (1)
Balance sheet of state bank of india (1)Balance sheet of state bank of india (1)
Balance sheet of state bank of india (1)
 
Stoxx 600 Index - Dividends and Implied Volatility Surfaces Parameters
Stoxx 600 Index - Dividends and Implied Volatility Surfaces ParametersStoxx 600 Index - Dividends and Implied Volatility Surfaces Parameters
Stoxx 600 Index - Dividends and Implied Volatility Surfaces Parameters
 
MGMM ar00
MGMM  ar00MGMM  ar00
MGMM ar00
 
.energyfutureholdings txufinancials1q01
.energyfutureholdings txufinancials1q01.energyfutureholdings txufinancials1q01
.energyfutureholdings txufinancials1q01
 
conoco phillips 2004Third Quarter
conoco phillips 2004Third Quarterconoco phillips 2004Third Quarter
conoco phillips 2004Third Quarter
 
Q1 2009 Financial Report of Torchmark Corp.
Q1 2009 Financial Report of Torchmark Corp.Q1 2009 Financial Report of Torchmark Corp.
Q1 2009 Financial Report of Torchmark Corp.
 
credit-suisse Restatement re
credit-suisse Restatement recredit-suisse Restatement re
credit-suisse Restatement re
 
Credit Analysis of HCC Excel
Credit Analysis of HCC ExcelCredit Analysis of HCC Excel
Credit Analysis of HCC Excel
 

En vedette

Accountancy 12th class project work(Both Comprehensive and specific)
Accountancy 12th class project work(Both Comprehensive and specific)Accountancy 12th class project work(Both Comprehensive and specific)
Accountancy 12th class project work(Both Comprehensive and specific)Himanshu Mishra
 
Journal, Ledger, Trial Balance and Balance Sheet
Journal, Ledger, Trial Balance and Balance SheetJournal, Ledger, Trial Balance and Balance Sheet
Journal, Ledger, Trial Balance and Balance SheetSadat Faruque
 
IdeaHacks - Mover's edge
IdeaHacks - Mover's edgeIdeaHacks - Mover's edge
IdeaHacks - Mover's edgedpseud1
 
4 the devastating cost of bias in leadership
4 the devastating cost of bias in leadership4 the devastating cost of bias in leadership
4 the devastating cost of bias in leadershipmikegggg
 
Building Your Sales Profile On Linkedin
Building Your Sales Profile On LinkedinBuilding Your Sales Profile On Linkedin
Building Your Sales Profile On Linkedinstereomike
 
Trakya universitesi-hocasi
Trakya universitesi-hocasiTrakya universitesi-hocasi
Trakya universitesi-hocasizeynep_zyn85
 
MIILIV_M4C5 Appendice 3 parte 1
MIILIV_M4C5 Appendice 3   parte 1MIILIV_M4C5 Appendice 3   parte 1
MIILIV_M4C5 Appendice 3 parte 1raffaelebruno1
 
Candy :D
Candy :DCandy :D
Candy :DBre15
 
พรบ.คอมพิวเตอร์
พรบ.คอมพิวเตอร์พรบ.คอมพิวเตอร์
พรบ.คอมพิวเตอร์Angkana Potha
 

En vedette (14)

How To Prepare Cash Flow Statement
How To Prepare Cash Flow StatementHow To Prepare Cash Flow Statement
How To Prepare Cash Flow Statement
 
Accountancy 12th class project work(Both Comprehensive and specific)
Accountancy 12th class project work(Both Comprehensive and specific)Accountancy 12th class project work(Both Comprehensive and specific)
Accountancy 12th class project work(Both Comprehensive and specific)
 
Journal, Ledger, Trial Balance and Balance Sheet
Journal, Ledger, Trial Balance and Balance SheetJournal, Ledger, Trial Balance and Balance Sheet
Journal, Ledger, Trial Balance and Balance Sheet
 
BF+H Summer ’12
BF+H Summer ’12BF+H Summer ’12
BF+H Summer ’12
 
IdeaHacks - Mover's edge
IdeaHacks - Mover's edgeIdeaHacks - Mover's edge
IdeaHacks - Mover's edge
 
4 the devastating cost of bias in leadership
4 the devastating cost of bias in leadership4 the devastating cost of bias in leadership
4 the devastating cost of bias in leadership
 
Kover
KoverKover
Kover
 
Building Your Sales Profile On Linkedin
Building Your Sales Profile On LinkedinBuilding Your Sales Profile On Linkedin
Building Your Sales Profile On Linkedin
 
Scoop módulo 4 aiskel andrade
Scoop módulo 4 aiskel andradeScoop módulo 4 aiskel andrade
Scoop módulo 4 aiskel andrade
 
Trakya universitesi-hocasi
Trakya universitesi-hocasiTrakya universitesi-hocasi
Trakya universitesi-hocasi
 
MIILIV_M4C5 Appendice 3 parte 1
MIILIV_M4C5 Appendice 3   parte 1MIILIV_M4C5 Appendice 3   parte 1
MIILIV_M4C5 Appendice 3 parte 1
 
Candy :D
Candy :DCandy :D
Candy :D
 
Team Work & Leadership
Team Work & LeadershipTeam Work & Leadership
Team Work & Leadership
 
พรบ.คอมพิวเตอร์
พรบ.คอมพิวเตอร์พรบ.คอมพิวเตอร์
พรบ.คอมพิวเตอร์
 

Similaire à Annual financials for canadian solar inc

helath net 98 AR
helath net 98 ARhelath net 98 AR
helath net 98 ARfinance18
 
ppt on acc cements financial ratios, and cash flow analysis
ppt on acc cements financial ratios, and cash flow analysisppt on acc cements financial ratios, and cash flow analysis
ppt on acc cements financial ratios, and cash flow analysisparijatnath1990
 
dover Q306_10Q
dover Q306_10Qdover Q306_10Q
dover Q306_10Qfinance30
 
Intl Financial Highlights
Intl Financial HighlightsIntl Financial Highlights
Intl Financial Highlightsearnirgsreports
 
Supporting documents for financial report analysis
Supporting documents for financial report analysisSupporting documents for financial report analysis
Supporting documents for financial report analysisSayen Upreti
 
worksheet fo financial report analysis for past five years
worksheet  fo financial report analysis for past five yearsworksheet  fo financial report analysis for past five years
worksheet fo financial report analysis for past five yearsSayen Upreti
 
Wassim Zhani Starbucks Forecast.pdf
Wassim Zhani Starbucks Forecast.pdfWassim Zhani Starbucks Forecast.pdf
Wassim Zhani Starbucks Forecast.pdfWassim Zhani
 
financial statement analysis of Idea Cellular
financial statement analysis of Idea Cellularfinancial statement analysis of Idea Cellular
financial statement analysis of Idea CellularDeepak Srivastva
 
dover 3Q06_Earnings
dover 3Q06_Earningsdover 3Q06_Earnings
dover 3Q06_Earningsfinance30
 
itw 10q 2q08
itw 10q 2q08itw 10q 2q08
itw 10q 2q08finance16
 
itw 10 q2q 08
itw 10 q2q 08itw 10 q2q 08
itw 10 q2q 08finance16
 
Saral Gyan 15% @ 90 Days - Nov'12
Saral Gyan 15% @ 90 Days - Nov'12Saral Gyan 15% @ 90 Days - Nov'12
Saral Gyan 15% @ 90 Days - Nov'12SaralGyanTeam
 
dover Q206_10Q
dover Q206_10Qdover Q206_10Q
dover Q206_10Qfinance30
 

Similaire à Annual financials for canadian solar inc (20)

Rahul Mehrotra Presentation on Reliance Financial Ratio
Rahul Mehrotra Presentation on Reliance Financial RatioRahul Mehrotra Presentation on Reliance Financial Ratio
Rahul Mehrotra Presentation on Reliance Financial Ratio
 
helath net 98 AR
helath net 98 ARhelath net 98 AR
helath net 98 AR
 
ppt on acc cements financial ratios, and cash flow analysis
ppt on acc cements financial ratios, and cash flow analysisppt on acc cements financial ratios, and cash flow analysis
ppt on acc cements financial ratios, and cash flow analysis
 
itw_10q2q02
itw_10q2q02itw_10q2q02
itw_10q2q02
 
dover Q306_10Q
dover Q306_10Qdover Q306_10Q
dover Q306_10Q
 
Intl Financial Highlights
Intl Financial HighlightsIntl Financial Highlights
Intl Financial Highlights
 
Supporting documents for financial report analysis
Supporting documents for financial report analysisSupporting documents for financial report analysis
Supporting documents for financial report analysis
 
worksheet fo financial report analysis for past five years
worksheet  fo financial report analysis for past five yearsworksheet  fo financial report analysis for past five years
worksheet fo financial report analysis for past five years
 
Wassim Zhani Starbucks Forecast.pdf
Wassim Zhani Starbucks Forecast.pdfWassim Zhani Starbucks Forecast.pdf
Wassim Zhani Starbucks Forecast.pdf
 
financial statement analysis of Idea Cellular
financial statement analysis of Idea Cellularfinancial statement analysis of Idea Cellular
financial statement analysis of Idea Cellular
 
credit suiss Financial Statements
credit suiss Financial Statements credit suiss Financial Statements
credit suiss Financial Statements
 
Cipla 20-09-2010
Cipla   20-09-2010Cipla   20-09-2010
Cipla 20-09-2010
 
dover 3Q06_Earnings
dover 3Q06_Earningsdover 3Q06_Earnings
dover 3Q06_Earnings
 
Afs banking
Afs bankingAfs banking
Afs banking
 
itw_10qq102
itw_10qq102itw_10qq102
itw_10qq102
 
itw_10qq102
itw_10qq102itw_10qq102
itw_10qq102
 
itw 10q 2q08
itw 10q 2q08itw 10q 2q08
itw 10q 2q08
 
itw 10 q2q 08
itw 10 q2q 08itw 10 q2q 08
itw 10 q2q 08
 
Saral Gyan 15% @ 90 Days - Nov'12
Saral Gyan 15% @ 90 Days - Nov'12Saral Gyan 15% @ 90 Days - Nov'12
Saral Gyan 15% @ 90 Days - Nov'12
 
dover Q206_10Q
dover Q206_10Qdover Q206_10Q
dover Q206_10Q
 

Annual financials for canadian solar inc

  • 1. Cash Flow Statement The following is an example of a Cash Flow Statement. Click on any line item label and an explanation will be shown. This is a five year statement, however, your first year's projections should show monthly figures, the second year, quarterly and years three through five should show annual figures. 2011 2012 2013 2014 2015 Source of Funds Beginning cash 0 -11,767 143,765 416,274 924,480 Sales/Svcs Income 1,366,986 2,662,548 3,416,123 4,565,616 5,981,959 Sale of Assets 0 0 0 0 0 Customer deposits 0 0 0 0 0 Loans 0 0 0 0 0 Contributed Capital 400,000 0 0 0 0 Available Cash $1,766,986 $2,650,781 $3,559,888 $4,981,890 $6,906,439 Use of Funds Salaries 1,355,000 1,676,000 2,044,000 2,557,000 3,355,000 Other operating expenses 423,753 759,933 900,245 1,187,340 1,533,432 Loan payments 0 24,910 99,640 99,640 99,640 Capital Expenditures 0 0 0 0 0 Tax Payments 0 46173 99729 213430 277791 Total Cash Out $1,778,753 $2,507,016 $3,143,614 $4,057,410 $5,265,863 Net Cash Flow ($11,767) $143,765 $416,274 $924,480 $1,640,576
  • 2. Annual Financials for Canadian Solar Inc.
  • 3. 12/2010 12/2009 12/2008 12/2007 All amounts in millions except per share amounts. (TTM) (TTM) (TTM) (TTM) Operating Activities Net Income (Loss) 50.83 22.78 -7.53 -0.21 Depreciation 31.27 20.51 9.28 1.68 Amortization 0.04 0.04 1.18 0.02 Amortization of Intangibles 0.00 0.00 0.00 0.00 Deferred Income Taxes -5.18 -10.83 -0.98 -2.93 Operating (Gains) Losses -0.13 7.67 -1.50 2.04 Extraordinary (Gains) Losses 0.00 0.00 0.00 0.00 (Increase) Decrease in Receivables -7.53 -138.44 -0.55 -47.16 (Increase) Decrease in Inventories -103.64 -83.97 -39.99 -27.10 (Increase) Decrease in Prepaid Expenses -6.88 -16.64 -9.73 -4.85 (Increase) Decrease in Other Current Assets -1.35 0.00 0.00 -16.80 (Increase) Decrease in Payables 18.10 62.86 19.26 0.72 (Increase) Decrease in Other Curr Liabs. -57.76 119.16 10.58 4.76 (Increase) Decrease in Other Working Capital 9.55 15.98 -31.32 -0.44 Other Non-Cash Items 14.19 51.82 54.50 10.04 Net Cash from Continuing Operations -58.49 50.92 3.19 -80.22 Net Cash from Discontinued Operations 0.00 0.00 0.00 0.00 Net Cash from Operating Activities -58.49 50.92 3.19 -80.22 Investing Activities Sale of Property, Plant, Equipment 0.29 0.22 0.01 0.22 Sale of Long Term Investments 0.00 0.00 0.00 0.00 Sale of Short Term Investments 0.00 0.00 0.00 0.00 Purchase of Property, Plant, Equipment -134.31 -72.21 -104.82 -42.01 Acquisitions 0.00 0.00 0.00 0.00 Purchase of Long Term Investments 0.00 0.00 -3.00 0.00 Purchase of Short Term Investments -0.99 -158.62 -17.95 0.00 Other Investing Changes Net 1.02 -3.95 0.00 -0.70 Cash from Disc. Investing Activities 0.00 0.00 0.00 0.00 Net Cash from Investing Activities -133.99 -234.57 -125.76 -42.48 Financing Activities Issuance of Debt 1,007.17 496.35 259.06 167.09 Issuance of Capital Stock 0.82 104.02 114.69 0.15 Repayment of Debt -695.51 -371.68 -170.30 -56.16 Repurchase of Capital Stock 0.00 0.00 0.00 0.00 Payment of Cash Dividends 0.00 0.00 0.00 0.00 Other Financing Charges, Net 0.15 -0.53 -2.09 13.74 Cash from Disc. Financing Activities 0.00 0.00 0.00 0.00 Net Cash from Financing Activities 312.63 228.17 201.36 124.83 Effect of Exchange Rate Changes 8.39 -0.07 -0.79 -5.36
  • 4. Annual Financials for JA Solar Holdings Co. Ltd. ADS
  • 5. 12/2010 12/2009 12/2008 12/2007 All amounts in millions except per share amounts. (TTM) (TTM) (TTM) (TTM) Operating Activities Net Income (Loss) 266.38 -28.34 70.21 54.81 Depreciation 45.15 26.19 12.93 4.67 Amortization 18.80 18.74 0.00 0.00 Amortization of Intangibles 0.00 0.00 0.00 0.00 Deferred Income Taxes -5.59 -3.17 -3.37 -0.76 Operating (Gains) Losses -34.30 3.67 -2.72 12.41 Extraordinary (Gains) Losses 0.00 0.00 0.00 0.00 (Increase) Decrease in Receivables -111.37 -17.68 -47.81 -0.80 (Increase) Decrease in Inventories -109.12 -13.68 -75.13 -0.36 (Increase) Decrease in Prepaid Expenses 51.30 46.26 -126.55 0.00 (Increase) Decrease in Other Current Assets -51.94 -3.39 -21.80 -249.82 (Increase) Decrease in Payables 99.49 36.60 15.81 1.23 (Increase) Decrease in Other Curr Liabs. 1.58 1.34 2.43 9.14 (Increase) Decrease in Other Working Capital 9.68 60.52 -65.23 0.00 Other Non-Cash Items 14.12 38.34 52.29 12.55 Net Cash from Continuing Operations 194.17 165.39 -188.94 -156.94 Net Cash from Discontinued Operations 0.00 0.00 0.00 0.00 Net Cash from Operating Activities 194.17 165.39 -188.94 -156.94 Investing Activities Sale of Property, Plant, Equipment 1.13 0.04 0.01 0.00 Sale of Long Term Investments 0.00 0.00 55.11 0.00 Sale of Short Term Investments 35.08 9.67 318.52 0.00 Purchase of Property, Plant, Equipment -250.76 -89.77 -119.09 -57.75 Acquisitions 0.00 0.00 0.00 0.00 Purchase of Long Term Investments 0.00 0.00 0.00 0.00 Purchase of Short Term Investments 0.00 0.00 -316.02 -110.99 Other Investing Changes Net -40.22 -1.55 0.00 0.00 Cash from Disc. Investing Activities 0.00 0.00 0.00 0.00 Net Cash from Investing Activities -254.78 -81.61 -61.47 -168.74 Financing Activities Issuance of Debt 242.80 105.46 468.93 34.23 Issuance of Capital Stock 1.26 2.47 2.77 474.99 Repayment of Debt -116.85 -143.49 -89.13 -27.38 Repurchase of Capital Stock 0.00 0.00 0.00 0.00 Payment of Cash Dividends 0.00 0.00 0.00 0.00 Other Financing Charges, Net 0.00 0.00 0.00 0.00 Cash from Disc. Financing Activities 0.00 0.00 0.00 0.00 Net Cash from Financing Activities 127.21 -35.56 382.57 481.83 Effect of Exchange Rate Changes -2.53 -0.70 -13.91 -12.50
  • 6. Cash Flow Template 1 Business Plan Sample Sources of Cash Flow Template Statement For the Month Ended_________. Sales Loans Equity Investment Uses of Cash Expenses to be Paid Start Up Cost Balance (Monthly cash receipts minus monthly accounts Payable) Other Factors Seasonal Return (s) Payment Terms Cash Flow Template 2 Cash Flow Template Statement For the Month Ended_________. Estimated Actual Cash On Hand (Beginning of the Month) Cash Receipts Cash Sales Collections From Credit Accounts Loans Other Total Cash Receipts Total Cash Available Cash Paid Out Gross Wages Payroll Expenses Outline Services Office Supplies Operating Supplies
  • 7. Repairs and Maintenance Advertising Car Delivery Travel Accounting Legal Rent Telephone Utilities Insurance Taxes Interest Other Miscellaneous Subtotal Loan Principal Payment Capital Purchase Start Up Cost Reserve and/or escrow Owner's Withdrawals Total Cash Paid Out Cash Position Essential Operating Data (non Cash Flow information) Sales Volume Accounts Receivable (end of the month) Bad Dept (end or the month) Inventory (end of the month) Accounts Payable (end of the month) Total Cash Flow Cash Flow Statement Example-Direct and Indirect Method: Unlike the major financial statements, cash flow statement is not prepared from the adjusted trial balance. The information to prepare this statement usually comes from three sources: 1. Comparative balance sheets provide the amount of the changes in assets, liabilities, and equities from the beginning to the end of the period. 2. Current income statement data help the reader determine the amount of cash provided by or used by operations during the period. 3. Selected transaction data from the general ledger provide additional detailed information needed to determine how cash was provided or used during the period
  • 8. Preparing the statement of cash flows from the data sources above involves three major steps: Step 1. Determine the change in cash: This procedure is straight forward because the difference between the beginning and the ending cash balance can be easily computed from an examination of the comparative balance sheet. Step 2. Determine the net cash flow from operating activities: This procedure is complex. It involves analyzing not only the current year's income statement but also comparative balance sheets and selected transitions data. Step 3. Determine net cash flows from investing and financing activities: All other changes in the balance sheet accounts must be analyzed to determine their effects on cash. Cash Flow Statement Example: A Comprehensive illustration To illustrate a statement of cash flows we will use the first year of operations for Tax Consultants Inc. The company started on January 1, 2003, when it issued 60,000 shares of $1 par value common stock for $60,000 cash. The company rented its office space and furniture and equipment, and it performed tax consulting services throughout the first year. The comparative balance sheets at the beginning and at the end of the year 2003 appear as follows. Assets Change Increase/ Dec. 31, 2003 Jan. 1, 2003 Decrease Cash $49,000 $-0- $49,000 increase Accounts receivable $36,000 $-0- $36,000 increase ----------- --------- Total $85,000 $-0- ====== ===== Liabilities and Stockholder's Equity Accounts payable $ 5,000 $-0- $ 5,000 increase Common stock $60,000 $-0- $60,000 increase Retained earnings $20,000 $-0- $20,000 increase --------- ------- Total $85,000 $-0- ======= ===== The income statement and additional information for Tax Consultation Inc. are as follows. Tax Consultants Inc. Income Statement For the year ended December 31, 2003
  • 9. Revenue $125,000 Operating expenses $ 85,000 --------- Income before income taxes $ 40,000 Income tax expenses $ 6,000 ---------- Net income $ 34,000 ======= Step 1: Determine the Change in Cash: To prepare a statement of cash flows, the first step―determining the change in cash―is a simple computation. The company has no cash on hand at the beginning of the year 2003, but $49,000 at the end of 2003. Thus the change in cash for 2003 was an increase of $49,000 Step 2: Determine Net Cash Flow from Operating Activities: A usual starting point in determining net cash flow from operating activities is to understand why net income must be converted. Under generally accepted accounting principles, most companies must use the accrual basis of accounting, requiring revenues be reported when earned and that expenses be recorded when incurred. Net income may include credit sales that have not been collected in cash and expenses incurred that may not have been paid in cash. Thus, under the accrual basis of accounting, net income will not indicate the net cash flow from operating activities. To arrive at net cash flow from operating activities, it is necessary to report revenue and expenses on cash basis. This is done by eliminating the effects of statement transactions that did not result in a corresponding increase or decrease in cash. The conversion of net income into net cash flow from operating activities may be done through either a direct method or an indirect method as explained in the following discussion. 1.Direct Method: (also called the income statement method) reports cash receipts and cash disbursements from operating activities. The difference between these two amounts in the net cash flow from operating activates. In other words, the direct method deducts from operating cash receipts the operating cash disbursements. The direct method results in the presentation of a condensed cash receipts and cash disbursements statement. As directed from the accrual based income statement, Tax consultants Inc. reported revenues of $125,000. However, because the company's accounts receivable increased during 2003 by $36,000, only $89,000 ($125,000 − $36,000) in cash collected on these revenues. Similarly, company reported operating expenses of $85,000, but accounts payable increased during the period by $5,000. Assuming that payable related to operating expenses, cash operating expenses were $80,000 ($85,000 − $5,000). Because no taxes payable exist at the end of the year, the$6,000 income tax expense for 2003 must have been paid in cash during the year. Then the computation of net cash flow from operating activities is as follows: Cash collected from revenues $89,000 Cash payment for expenses $80,000 --------- Income before income taxes $ 9,000 Cash payments for income taxes $ 6,000 --------- Net cash provided by operating activities $ 3,000
  • 10. ====== "Net cash provided by operating activities" is equivalent of cash-basis net income. ("Net cash used by operating activities" would be equivalent to cash-basis net loss) 2 Indirect Method: (or reconciliation method) starts with net income and converts it to net cash flow from operating activities. In other words, the Indirect method adjusts net income for items that affected reported net income but didn't affected cash. To compute net cash flows from operating activities, noncash changes in the income statement are added back to net income, and net cash credits are deducted. Explanations for the two adjustments to net income in this example―namely, the accounts receivable and accounts payable―are as follows. Increase in Accounts Receivable―Indirect Method: When accounts receivable increase during the year, revenues on an accrual basis are higher than on a cash basis because goods sold on account are reported as revenues. In other words, operations for the period led to increased revenues, but not all of these revenues resulted in an increase in cash. Some of the increase in revenues resulted in an increase in accounts receivable. To convert net income to net cash flow from operating activities, the increase of $36,000 in accounts payable must be deducted from net income. Increase in Accounts Payable―Indirect Method: When accounts payable increase during the period, expenses on an accrual basis are higher than they are on a cash basis because expenses are incurred for which payment has not taken place. To convert net income to net cash flow from operating activities, the increase of $5,000 in accounts payable must be added back to net income. As a result of the accounts receivable and accounts payable adjustments, net cash provided by operating activities is determined to be $3,000 for the year 2003. This calculation is shown as follows. Net income $34,000 Adjustments to reconcile net income to net cash provided by operating activities: $(36,000) Increase in accounts receivable $ 5,000 ($31,000) Increase in accounts payable ---------- $ 3,000 Net cash provided by operating ======= activities Note that net cash provided by operating activities is the same whether the direct or indirect method is used. Step 3: Determine Net Cash Flows from Investing and Financing Activities: Once the net cash flows from operating activities is computed, the next step is to determine whether any other changes in balance sheet accounts caused an increase or decrease in cash. For example, an examination of the remaining balance sheet accounts for Tax Consultants Inc. shows that both common and retained earnings have increased. The common stock increase of $60,000 resulted from the issuance of common stock for cash. The issuance of common stock is a receipt of cash from a financing activity and is reported as such in the statement of cash flows. The retained earnings increase of $20,000 is caused by two items:
  • 11. 1. Net income of $34,000 increased retained earnings 2. Dividend declared of $4,000 decreased retained earnings. Net income has been converted into net cash flows from operating activities, as explained earlier. The additional data indicates that the dividend was paid. Thus, the dividend payment on common stock is reported as cash outflow, classified as financing activity. We are now ready to prepare the statement of cash flows. The statement starts with the operating activities section. Either the direct or indirect method may be used to report net cash flow from operating activates. The statement of cash flows under indirect method for Tax Consultation Inc. is as follows. Tax Consultants Inc. cash flow statement-Indirect Method For the year ended December 31, 2003 Cash Flows From Operating Activities: Net income $34,000 Adjustments to reconcile net income to net cash provided by operating activities: Increase in accounts receivable $(36,000) Increase in accounts payable $ 5,000 --------------- Net cash provided by operating activities ($31,000) ------------- Cash Flows From Financing Activities: $ 3,000 Issuance of common stock $60,000 Payment of cash dividend $(14,000) ---------- Net cash provided by financing activities Net increase in cash $46,000 Cash, January 1, 2003 ----------- 49,000 Cash, December 31, 2003 -0- ---------- $49,000 ======= As indicated, the $60,000 increase in common stock results in a cash inflow from a financing activity. The payment of $14,000 in cash dividends is classified as a use of cash from a financing activity. The $49,000 increase in cash reported in the statement of cash flows agrees with the increase of $49,000 shown as the change in the cash account in the comparative balance sheet.