Analyzing an Income Statement
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- Date Submitted: 03/08/2014 07:08 PM
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Analyzing an Income Statement
I analyzed Eastman Kodak Company’s assets, liabilities, and shareholder’s equity accounts. After this I determine that the company has a sound financial position.
Eastman Kodak’s total assets while still very sound showed a slight decrease in 2004 by $109 million than in 2003. However, the majority of asset accounts show an increase. The cash and cash equivalents showed a $5 million increase in 2004. In the net receivables, there was a $217 million increase. Then the net inventories showed an $80 million increase. The goodwill account showed a $97 million increase and the long-term assets showed a $202 million increase. Two accounts that showed a decrease in 2004 are the net property, plant and equipment (decreased by $539 million) and the other current assets (decreased $24 million). There was also a slight decrease in the net cash provided by operating activities of $477 million.
The total liabilities account also showed a decrease of $675 million in 2004. The short-term borrowings decreased by $477 million, and the net of current portion long-term debt also showed a decrease of $450 million. The accounts payable and other current liabilities showed an increase of $266 million as well as an increase to other long-term liabilities of $84 million.
This brings us to the shareholder’s equity accounts. The common stock and additional paid-in capital accounts showed no change for 2003 to 2004. However, the retained earnings showed an increase of $407. The accumulated other comprehensive loss showed a decrease of $148.
I analyzed Eastman Kodak Company’s assets, liabilities, and shareholder’s equity accounts. After this I determine that the company has a sound financial position.
Eastman Kodak’s total assets while still very sound showed a slight decrease in 2004 by $109 million than in 2003. However, the majority of asset accounts show an increase. The cash and cash equivalents showed a $5 million increase in 2004. In the net receivables, there was a $217 million increase. Then the net inventories showed an $80 million increase. The goodwill account showed a $97 million increase and the long-term assets showed a $202 million increase. Two accounts that showed a decrease in 2004 are the net property, plant and equipment (decreased by $539 million) and the other current assets (decreased $24 million). There was also a slight decrease in the net cash provided by operating activities of $477 million.
The total liabilities account also showed a decrease of $675 million in 2004. The short-term borrowings decreased by $477 million, and the net of current portion long-term debt also showed a decrease of $450 million. The accounts payable and other current liabilities showed an increase of $266 million as well as an increase to other long-term liabilities of $84 million.
This brings us to the shareholder’s equity accounts. The common stock and additional paid-in capital accounts showed no change for 2003 to 2004. However, the retained earnings showed an increase of $407. The accumulated other comprehensive loss showed a decrease of $148.