Análisis de Flujos de Efectivo: Estados Financieros de McGraw-Hill/Irwin - Prof. Prior, Apuntes de Administración de Empresas

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Lesson 3.

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FINANCIAL STATEMENTS (II)

LESSO 3. FIACIAL STATEMETS (II)^ 1. The^ statement of changes in equity

. 1.1. Concept and mandatory level.1.2. Total statement of changes in equity.1.3. The recognized statement of income and expenditure. McGraw-Hill/Irwin^ © The McGraw-Hill Companies, Inc., 2003 All rights reserved.

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and expenditure. 2. The statement of cash flows. 2.1. Concept and mandatory level. Cashflow and company life cycle.2.2. Classification of cash flows. Thefinancial flexibility.

Common stockAnd Capital inExcess of Par Value^ Treasury Stock Shares^ Amount^ Shares^ Amount

OtherRetainedComprehensiveEarningsIncome^ Other^

Total

Balances atFebruary 2, 2001^ 2,^

4,795^ -^ -^839

62 (74)^ 5,

Net income^ -^

-^ -^ -^ 1, -^ -^ 1,

Change in unrealized gain oninvestments, net of taxes^ -^

-^ -^ -^ -^

(65)^ -^ (65)

Foreign currency translationadjustments^ -^

-^ -^ -^ -^

2 -^2

The Statement of Stockholders’ Equity:The Statement of Stockholders’ Equity:Dell Computer CorporationDell Computer CorporationNet unrealized gain on derivative instruments, net of McGraw-Hill/Irwin^ © The McGraw-Hill Companies, Inc., 2003 All rights reserved.

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derivative instruments, net of taxes^ -^

-^ -^ -^ -^

39 -^ __

Total comprehensive incomefor fiscal 2002^ -^

-^ -^ -^ -^ -^ -^ 1,

Stock issuances underemployee plans, including taxbenefits^69

843 -^ -^ -^

-^10

Purchases andretirements^ (16)^

(30)^52 (2,249)^ (721)

-^ -^ (3,000)

Others^ -^

(3)^ -^ -^ -^

-^ -^ (3)

Balances at^ ____^

____^ __^ _______^ ______

___^ ___^ _____

February 1,2002^ 2,^

$5,605^52 $(2,249)^ $1,

$38^ $(64)^ $4,

Shareholder’s Equity^ has two primary components:^ contributed capital

which represents

stockholders’ investment – common stock (parvalue) and additional paid in capital, and retained earnings

which equals cumulative

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retained earnings

which equals cumulative

net income minus cumulative dividends sincethe formation of the company. (Dividends aredistributions of assets to stockholders.)

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The Stocks and Flows Equation Ending equity = Beginning equity + Total (comprehensive) income– Net payout to shareholdersComprehensive income = Net income + Other comprehensive income Net payout to shareholders = Dividends + Share

repurchases^ - Share issues

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Net payout to shareholders = Dividends + Share

repurchases^ - Share issues

The^ statement of cash flows

explains the

change in cash during the period interms of cash provided by or used foroperating, investing and financing activities. McGraw-Hill/Irwin^ © The McGraw-Hill Companies, Inc., 2003 All rights reserved.

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activities.

The Form of the Cash Flow Statement^ Change in Cash = Cash from Operations

• Cash from Investing

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• Cash from Financing

The Form of the Cash Flow Statement^ Cash Flows from financing ActivitiesCash Flows from financing Activities

• Financing activities involve obtaining resources from owners andproviding them with a return on their investment;borrowing money and repaying amounts borrowed, andobtaining and paying for other resources obtained from creditors on long-term credit. McGraw-Hill/Irwin^ © The McGraw-Hill Companies, Inc., 2003 All rights reserved.

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creditors on long-term credit. Cash Flows from operating ActivitiesCash Flows from operating Activities

• Operating activities involve all transactions and other events that arenot defined as investing or financing. Operating activitiesgenerally involve producing and delivering goods andproviding services. Cash flows from operating activitiesare generally the cash effects of transactions and otherevents that enter into the determination of net income.

Example – Preparation of a cash flowstatement^ Presented below are the balance sheets of Scientific Instruments, Ltd.for December 31, 2005 and 2004

2005 2004 Cash^70

110 Accounts receivables^170 Scientific Instruments, Ltd.Balance SheetDecember 31, 2005 and 2004^300

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Accounts receivables^170

300 Inventories^200

240 Loan to company B^ 1,^

• Land^500

   Equipment^500 

550 Acc. Depreciation^ (190)^

(200) 2,750 1, Accounts Payable^120

200 Bonds Payable^ 1,^

• Deferred tax liability^380

300 Common Stock^ 1,^

250 Retained Earnings^30

(^250) 2,750 1,

© The McGraw-Hill Companies, Inc., 2003 All rights reserved.

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© The McGraw-Hill Companies, Inc., 2003 All rights reserved.

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© The McGraw-Hill Companies, Inc., 2003 All rights reserved.

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© The McGraw-Hill Companies, Inc., 2003 All rights reserved.

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