Our Company, Inc.
Income Statement (Years Ended December 31, 2019/2018/2017)
Common Sized
2019 2018 2017   2019 2018 2017
Net product sales $ 6,231,120 $ 4,128,600 $ 3,402,880   100.0% 100.0% 100.0%
Cost of Goods Sold (COGS) $ 4,589,000 $ 3,007,200 $ 2,205,040   73.6% 72.8% 64.8%
Total gross margin $ 1,642,120 $ 1,121,400 $ 1,197,840   26.4% 27.2% 35.2%
Selling, general and administrative expenses (S, G & A) $ 706,000 $ 387,000 $ 321,300   11.3% 9.4% 9.4%
Earnings before interest, taxes, deprec. & amort. (EBITDA) $ 936,120 $ 734,400 $ 876,540   15.0% 17.8% 25.8%
Depreciation Expense $ 122,808 $ 19,845 $ 17,861   2.0% 0.5% 0.5%
Earnings before income taxes (EBIT) $ 813,312 $ 714,555 $ 858,680   13.1% 17.3% 25.2%
Interest Expense $ 184,800 $ 65,625 $ 59,063   3.0% 1.6% 1.7%
Earnings before taxes (EBT) $ 628,512 $ 648,930 $ 799,617   10.1% 15.7% 23.5%
Provision for income taxes (40%) $ 251,405 $ 259,572 $ 319,847   4.0% 6.3% 9.4%
Net earnings $ 377,107 $ 389,358 $ 479,770   6.1% 9.4% 14.1%
Our Company, Inc.
Balance Sheet (December 31, 2019/2018/2017)
2019 2018 2017   2019 2018 2017
CURRENT ASSETS:
Cash and cash equivalents $ 7,646 $ 10,080 $ 8,064   0.25% 0.61% 0.56%
Investments $ 38,000 $ 49,030 $ 43,927   1.25% 2.96% 3.03%
Accounts receivable $ 663,768 $ 368,760 $ 295,008   21.78% 22.27% 20.33%
Inventories $ 1,351,728 $ 865,960 $ 778,364   44.35% 52.30% 53.64%
Total current assets $ 2,061,142 $ 1,293,830 $ 1,125,363   67.62% 78.14% 77.55%
PROPERTY, PLANT AND EQUIPMENT, at cost:
Land $ 97,598 $ 89,250 $ 80,325   3.20% 5.39% 5.54%
Buildings $ 252,000 $ 141,750 $ 127,575   8.27% 8.56% 8.79%
Machinery and equipment $ 913,500 $ 284,550 $ 256,095   29.97% 17.18% 17.65%
  $ 1,263,098 $ 515,550 $ 463,995   41.44% 31.13% 31.97%
Less – Accumulated depreciation $ 276,318 $ 153,510 $ 138,159   9.07% 9.27% 9.52%
Net property, plant and equipment $ 986,780 $ 362,040 $ 325,836   32.38% 21.86% 22.45%
Total assets $ 3,047,922 $ 1,655,870 $ 1,451,199   100.00% 100.00% 100.00%
CURRENT LIABILITIES:
Accounts payable $ 360,200 $ 152,880 $ 114,660   14.61% 16.08% 14.02%
Notes payable $ 756,000 $ 210,000 $ 157,500   30.66% 22.08% 19.26%
Accrued liabilities $ 299,208 $ 142,800 $ 114,240   12.14% 15.02% 13.97%
Total current liabilities $ 1,415,408 $ 505,680 $ 386,400   57.41% 53.18% 47.24%
NONCURRENT LIABILITIES:
Long-term debt $ 1,050,000 $ 445,234 $ 431,538   42.59% 46.82% 52.76%
Total noncurrent liabilities $ 1,050,000 $ 445,234 $ 431,538   42.59% 46.82% 52.76%
Total liabilities $ 2,465,408 $ 950,914 $ 817,938   100.00% 100.00% 100.00%
SHAREHOLDERS' EQUITY:
Common stock $ 563,600 $ 463,000 $ 414,700   84.61% 68.39% 68.29%
Retained earnings, per accompanying statement $ 102,514 $ 213,956 $ 192,561   15.39% 31.61% 31.71%
Total shareholders' equity $ 666,114 $ 676,956 $ 607,261   100.00% 100.00% 100.00%
Total liabilities and shareholders' equity $ 3,131,522 $ 1,627,870 $ 1,425,199        
Additional Financial Data
Shares Outstanding 100,000 100,000 100,000        
Common Stock Price $ 47.30 $ 60.90 $ 51.45        
Earnings per Share $ 3.77 $ 3.89 $ 4.80        
Last modified: Tuesday, 17 January 2023, 1:08 PM