Fossil Forecasted Finacial Statements
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INCOME STATEMENT 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014
SALES GROWTH % 26% 11% 14% 8%
Sales 2,031 2,567 2,858 3,260 3,510
Cost Of Goods 876 1,128 1,251 1,398 1,509
Gross Profit 1,155 1,439 1,607 1,862 2,001
779 967 1,118 1,300 1,435
376 472 489 562 567
Non-Operating Income 9 -18 9 9 7
Interest Expense 1 2 5 10 16
Pretax Income 384 452 492 561 558
Income Taxes 119 144 138 173 171
Minority Interest 10 13 11 10 10
Investment Gains/Losses 0 0 0 0 0
Other Income/Charges 0 0 0 0 0
Income From Cont. Operations 265 307 354 388 387
0 0 0 0 0
Net Income 255 295 343 378 377
BALANCE SHEET12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014
Assets
Cash & Equivalents 402 288 177 320 276
Receivables 263 302 363 455 431
Notes Receivable 0 0 0 0 0
Inventories 372 489 506 571 597
Other Current Assets 104 156 97 134 186
Total Current Assets 1,141 1,235 1,144 1,479 1,490
Net Property & Equipment 217 282 335 356 346
Investments & Advances 9 8 7 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 100 118 355 395 372
Deposits & Other Assets 0 0 0 0 0
Selling & Adminstrative & Depr. & Amort Expenses
Income After Depreciation & Amortization
Extras & Discontinued Operations
Total Assets 1,468 1,643 1,842 2,230 2,208
12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014
Notes Payable 0 0 0 0 0
Accounts Payable 122 158 150 165 159
Current Portion Long-Term Debt 5 9 3 13 17
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 184 208 223 286 244
Income Taxes Payable 28 16 31 27 27
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 339 391 407 492 447
Mortgages 0 0 0 0 0
Deferred Taxes/Income 57 104 88 114 104
Convertible Debt 0 0 0 0 0
Long-Term Debt 5 6 75 495 614
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 15 25 31 55 59
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 416 526 602 1,155 1,224
Shareholders Equity 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1 1 1 1 1
Capital Surplus 117 149 138 154 172
Retained Earnings 1,090 1,385 1,066 877 822
Other Equity 27 33 36 43 -10
Treasury Stock 183 451 0 0 0
Total Shareholder's Equity 1,052 1,117 1,240 1,075 984
1,468 1,643 1,842 2,230 2,208
Total Common Equity 1,052 1,117 1,240 1,075 984
Shares Outstanding 65 62.6 60 55.2 51
Book Value Per Share 16.18 17.84 20.67 19.48 19.29
CASH FLOW STAMENT12/31/2014 12/31/2013 12/31/2012 12/31/2011 12/31/2010
Liabilities & Shareholders Equity
Total Liabilities & Shareholder's Equity
Activities
Net Income (Loss) 386.61 388.05 354.26 307.4 264.89
95.93 81.94 65.54 51.93 40.56
-129.85 -71.9 18.11 -147.51 -137.39
0 0 0 0 0
Other Operating Activities 35.2 13.6 13.7 39.45 41.12
387.88 411.68 451.6 251.27 209.18
Property & Equipment -94.19 -93.22 -112.32 -88.46 -46.09
0 -15.52 -229.15 0 0
Investments 0 0.02 0 8.03 -0.31
Other Investing Activities -8.97 -14.44 -3.68 -29.64 -1.13
-103.16 -123.17 -345.15 -110.07 -47.53
Uses of Funds
12/31/2014 12/31/2013 12/31/2012 12/31/2011 12/31/2010
-434.68 -574.66 -265.2 -254.51 -175.81
Issuance (Repayment) of Debt 0 0 0 0 0
122.32 430.62 56.18 4.05 0.85
0 0 0 0 0
Other Financing Activities -12.82 -4.21 -10.57 0.61 4.37
-325.18 -148.25 -219.59 -249.86 -170.58
-3.76 2.98 2.88 3.37 -3.44
-44.22 143.24 -110.26 -105.3 -12.38
Cash at Beginning of Period 320.48 177.24 287.5 392.79 405.18
Cash Flow From Operations, Investments & Financial
Depreciation/Amortization & Depletion
Net Change from Assets/Liabilities
Net Cash from Discontinued Operations
Net Cash From Operating Activities
Acquisition/ Disposition of Subsidiaries
Net Cash from Investing Activities
Issuance (Repurchase) of Capital Stock
Increase (Decrease) Short-Term Debt
Payment of Dividends & Other Distributions
Net Cash from Financing Activities
Effect of Exchange Rate Changes
Net Change In Cash & Equivalents
Cash at End of Period 276.26 320.48 177.24 287.5 392.79
Diluted Net EPS 7.1 6.56 5.59 4.61 3.77
% of rev ASUUMPTION 12/31/2015 12/31/2016
GOING FORWARD SALES GROWTH % -5% 3%
100.00% 100.00% Sales 3,334.50 3,434.54 42.99% 43.00% Cost Of Goods 1,433.84 1,476.85 57.01% Gross Profit 1,900.67 1,957.68
40.88% 40.00% 1,333.80 1,373.81
16.15% 566.87 583.87
0.20% 0.00% Non-Operating Income - ###0.46% 3% of debt Interest Expense 5.47 -
15.90% Pretax Income 561.39 583.87 4.87% 32.00% Income Taxes 179.65 186.84 0.28% 10.00 Minority Interest 10.00 ###
0.00% 0.00% Investment Gains/Losses - ###
0.00% 0.00% Other Income/Charges - ###
11.03% 381.75 397.03
0.00% 0.00%10.74% Net Income 371.75 387.03
mkt sec Assets (17.20) 147.10 7.86% 8.80% Cash & Equivalents 293.55 302.36
12.28% 13.09% Receivables 436.39 449.48 Notes Receivable - ###
17.01% 17.25% Inventories 575.29 592.55
5.30% 4.73% Other Current Assets 157.61 162.34 42.45% Total Current Assets 1,462.85 1,506.73
9.86% 10.37% Net Property & Equipment 345.76 356.14
Investments & Advances - ###
Other Non-Current Assets - ###
Deferred Charges - ###
10.60% 10.60% Intangibles 353.40 364.00
Deposits & Other Assets - ###
Selling & Adminstrative & Depr. & Amort Expenses
Income After Depreciation & Amortization
Income From Cont. Operations
Extras & Discontinued Operations
62.91% Total Assets 2,162.01 2,226.87
Notes Payable - ###
4.53% 4.79% Accounts Payable 159.58 164.37
0.48% 0.44% 14.78 15.22
- ###6.95% 7.83% Accrued Expenses 261.05 268.88
0.77% 0.80% Income Taxes Payable 26.60 27.40
Other Current Liabilities - ###
12.74% Total Current Liabilities 462.00 475.86 Mortgages - ###
2.96% 3.22% Deferred Taxes/Income 107.37 110.60 Convertible Debt - ###
17.49% 17.49% Long-Term Debt 182.34 -
Non-Current Capital Leases - ###
1.68% 1.68% Other Non-Current Liabilities 56.15 57.83
Minority Interest (Liabilities) - ###34.87% Total Liabilities 807.87 644.29
Shareholders Equity
Preferred Stock
Common Stock (Par)
4.90% Capital Surplus
23.42% Retained Earnings
-0.28% Other Equity
Treasury Stock
28.03% ADJ as needed Total Shareholder's Equity 1,355.75 1,742.78
62.91% 2,163.62 2,387.07
imbalance 18.80 13.11 1.45%
0.55%
Liabilities & Shareholders Equity
Current Portion Long-Term Debt
Current Portion Capital Leases
Total Liabilities & Shareholder's Equity
Activities
Net Income (Loss) 371.75 387.03
1.16% 2.36% 78.73 81.10
59.71 (21.22)
0 0
Other Operating Activities 0 0
510.19 446.91
Property & Equipment (78.50) (91.47)
0 0
Investments 0 0
Other Investing Activities 0 0
(78.50) (91.47)
Uses of Funds
0 0
(431.34) (182.34)
0 0
0 0
Other Financing Activities 0 0
(431.34) -182.34
0.36 173.10
cash needed for operations 17.55 8.81
Cash Flow From Operations, Investments & Financial
Depreciation/Amortization & Depletion
Net Change from Assets/Liabilities
Net Cash from Discontinued Operations
Net Cash From Operating Activities
Acquisition/ Disposition of Subsidiaries
Net Cash from Investing Activities
Issuance (Repurchase) of Capital Stock
Issuance (Repayment) of Debt
Increase (Decrease) Short-Term Debt
Payment of Dividends & Other Distributions
Net Cash from Financing Activities
Effect of Exchange Rate Changes
Net Change In Cash & Equivalents
excess cash(shortfall) (17.20) 164.29
12/31/2017 12/31/2018 12/31/2019
5% 7% 7%
3,606.26 3,858.70 4,128.81 1,550.69 1,659.24 1,775.39 2,055.57 2,199.46 2,353.42
1,442.50 1,543.48 1,651.52
613.06 655.98 701.90
- - - - - - 613.06 655.98 701.90 196.18 209.91 224.61 10.00 10.00 10.00
- - -
### - -
416.88 446.07 477.29
406.88 436.07 467.29
484.63 818.75 1,176.96 317.48 339.70 363.48 471.96 504.99 540.34 - - -
622.17 665.73 712.33
170.46 182.39 195.16 1,582.07 1,692.81 1,811.31
373.94 400.12 428.13
- - -
### - -
### - -
382.20 408.96 437.58
- - -
2,338.21 2,501.89 2,677.02
- - -
172.59 184.67 197.60
15.98 17.10 18.30
- - - 282.32 302.08 323.23
28.76 30.78 32.93
- - -
499.66 534.63 572.06 - - -
116.12 124.25 132.95 - - -
### - -
### - -
60.73 64.98 69.52
- - - 676.51 723.86 774.53
2,149.66 2,585.73 3,053.02
2,826.17 3,309.59 3,827.55
3.33 (11.05) (26.43)
406.88 436.07 467.29
85.15 91.11 97.49
(36.43) (53.55) (57.29)
0 0 0
0 0 0
455.61 473.63 507.49
(102.96) (117.29) (125.50)
0 0 0
0 0 0
0 0 0
(102.96) (117.29) (125.50)
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
352.65 356.34 381.99
15.12 22.22 23.78
337.53 334.12 358.21
12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014
Sales 2,031 2,567 2,858 3,260 3,510
Cost Of Goods 876 1,128 1,251 1,398 1,509
Gross Profit 1,155 1,439 1,607 1,862 2,001
779 967 1,118 1,300 1,435
376 472 489 562 567
Non-Operating Income 9 -18 9 9 7
Interest Expense 1 2 5 10 16
Pretax Income 384 452 492 561 558
Income Taxes 119 144 138 173 171
Minority Interest 10 13 11 10 10
Investment Gains/Losses 0 0 0 0 0
Other Income/Charges 0 0 0 0 0
265 307 354 388 387
0 0 0 0 0
Net Income 255 295 343 378 377
Depreciation Footnote 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014
417 524 554 644 662
Selling & Adminstrative & Depr. & Amort Expenses
Income After Depreciation & Amortization
Income From Cont. Operations
Extras & Discontinued Operations
Income Before Depreciation & Amortization
41 52 66 82 96
376 472 489 562 567
Earnings Per Share Data 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014
Average Shares 67.69 63.97 61.4 57.7 53.1
3.77 4.61 5.39 6.37 7.1
Diluted Net EPS 3.77 4.61 5.59 6.56 7.1
Depreciation & Amortization (Cash Flow)
Income After Depreciation & Amortization
Diluted EPS Before Non-Recurring Items
26.39% 11.34% 14.07% 7.67%28.77% 10.90% 11.75% 7.94%24.59% 11.67% 15.87% 7.47% 12/31/2014 12/31/2013
24.13% 15.62% 16.28% 10.38%
Assets
25.53% 3.60% 14.93% 0.89%276 320
-300.00% -150.00% 0.00% -22.22% Receivables 431 455
100.00% 150.00% 100.00% 60.00%0 0
17.71% 8.85% 14.02% -0.53% Inventories 597 571
21.01% -4.17% 25.36% -1.16%186 134
30.00% -15.38% -9.09% 0.00%1,490 1,479
#DIV/0! #DIV/0! #DIV/0! #DIV/0!
346 356
#DIV/0! #DIV/0! #DIV/0! #DIV/0!0 0
15.85% 15.31% 9.60% -0.26%
0 0
#DIV/0! #DIV/0! #DIV/0! #DIV/0!0 0
15.69% 16.27% 10.20% -0.26% Intangibles 372 395
0.90% 0.89% 0.88% 0.88%0 0
25.66% 5.73% 16.25% 2.80%Total Assets 2,208 2,230
Cash & Equivalents
Notes Receivable
Other Current Assets
Total Current Assets
Net Property & Equipment
Investments & Advances
Other Non-Current Assets
Deferred Charges
Deposits & Other Assets
26.83% 26.92% 24.24% 17.07%
12/31/2014 12/31/2013
25.53% 3.60% 14.93% 0.89%0 0
0.90% 0.89% 0.88% 0.88% 159 165
-5.50% -4.02% -6.03% -7.97%
17 13
22.28% 16.92% 18.18% 11.46%
0 0
22.28% 21.26% 17.35% 8.23%244 286
27 27
0 0
447 492
Mortgages 0 0
104 114
0 0
614 495
0 0
59 55
Liabilities & Shareholders Equity
Notes Payable
Accounts Payable
Current Portion Long-Term Debt
Current Portion Capital Leases
Accrued Expenses
Income Taxes Payable
Other Current Liabilities
Total Current Liabilities
Deferred Taxes/Income
Convertible Debt
Long-Term Debt
Non-Current Capital Leases
Other Non-Current Liabilities
0 0
1,224 1,155
12/31/2014 12/31/2013
0 0
1 1
172 154
822 877
Other Equity -10 43
0 0
984 1,075
2,208 2,230
984 1,075
51 55.2
19.29 19.48
Minority Interest (Liabilities)
Total Liabilities
Shareholders Equity
Preferred Stock
Common Stock (Par)
Capital Surplus
Retained Earnings
Treasury Stock
Total Shareholder's Equity
Total Liabilities & Shareholder's Equity
Total Common Equity
Shares Outstanding
Book Value Per Share
12/31/2012 12/31/2011 12/31/2010 12/31/2010 12/31/2011 12/31/2012 12/31/2013
177 288 402 402 288 177 320
363 302 263 263 302 363 455
0 0 0 0 0 0 0
506 489 372 372 489 506 571
97 156 104 104 156 97 134
1,144 1,235 1,141 1,141 1,235 1,144 1,479
335 282 217 217 282 335 356
7 8 9 9 8 7 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
355 118 100 100 118 355 395
0 0 0 0 0 0 0
1,842 1,643 1,468 1,468 1,643 1,842 2,230
12/31/2012 12/31/2011 12/31/2010 12/31/2010 12/31/2011 12/31/2012 12/31/2013
0 0 0 0 0 0 0
150 158 122 122 158 150 165
3 9 5 5 9 3 13
0 0 0 0 0 0 0
223 208 184 184 208 223 286
31 16 28 28 16 31 27
0 0 0 0 0 0 0
407 391 339 339 391 407 492
0 0 0 0 0 0 0
88 104 57 57 104 88 114
0 0 0 0 0 0 0
75 6 5 5 6 75 495
0 0 0 0 0 0 0
31 25 15 15 25 31 55
0 0 0 0 0 0 0
602 526 416 416 526 602 1,155
12/31/2012 12/31/2011 12/31/2010 12/31/2010 12/31/2011 12/31/2012 12/31/2013
0 0 0 0 0 0 0
1 1 1 1 1 1 1
138 149 117 117 149 138 154
1,066 1,385 1,090 1,090 1,385 1,066 877
36 33 27 27 33 36 43
0 451 183 183 451 0 0
1,240 1,117 1,052 1,052 1,117 1,240 1,075
1,842 1,643 1,468 1,468 1,643 1,842 2,230
1,240 1,117 1,052 1,052 1,117 1,240 1,075
60 62.6 65 65 62.6 60 55.2
20.67 17.84 16.18 16.18 17.84 20.67 19.48
12/31/2014
276
431
0
597
186
1,490
346
0
0
0
372
0
2,208
12/31/2014
0
159
17
0
244
27
0
447
0
104
0
614
0
59
0
1,224
12/31/2014
0
1
172
822
-10
0
984
2,208
984
51
19.29