prepare common size income state for this company Frontier Communications Fiscal year is January-December. All values USD Millions. 2020 Sales/Revenue 7,155 Sales Growth -11.74% Cost of Goods Sold (COGS) incl. D&A 4,299 COGS excluding D&A 2,701 Depreciation & Amortization Expense 1,598 Depreciation 1,255 Amortization of Intangibles 343 COGS Growth -11.12% Gross Income 2,856 Gross Income Growth -12.66% Gross Profit Margin 39.92% SG&A Expense 1,648 Other SG&A 1,648 SGA Growth -8.65% EBIT 1,208 Unusual Expense 568 Non Operating Income/Expense -368 Non-Operating Interest Income 4 Interest Expense 762 Interest Expense Growth -50.36% Gross Interest Expense 762 Interest Capitalized - Pretax Income -486 Pretax Income Growth 92.55% Pretax Margin -6.79% Income Tax -84 Income Tax - Current Domestic 7 Income Tax - Deferred Domestic -91 Other After Tax Income (Expense) - Consolidated Net Income -402 Net Income -402 Net Income Growth 93.20% Net Margin -5.62% Net Income After Extraordinaries -402 Preferred Dividends - Net Income Available to Common -402 EPS (Basic) -3.85 EPS (Basic) Growth 93.23% Basic Shares Outstanding 104 EPS (Diluted) -3.85 EPS (Diluted) Growth 93.23% Diluted Shares Outstanding 104 EBITDA 2,806 EBITDA Growth -13.56% EBITDA Margin 39.22% EBIT 1,208
Reporting Cash Flows
Reporting of cash flows means a statement of cash flow which is a financial statement. A cash flow statement is prepared by gathering all the data regarding inflows and outflows of a company. The cash flow statement includes cash inflows and outflows from various activities such as operating, financing, and investment. Reporting this statement is important because it is the main financial statement of the company.
Balance Sheet
A balance sheet is an integral part of the set of financial statements of an organization that reports the assets, liabilities, equity (shareholding) capital, other short and long-term debts, along with other related items. A balance sheet is one of the most critical measures of the financial performance and position of the company, and as the name suggests, the statement must balance the assets against the liabilities and equity. The assets are what the company owns, and the liabilities represent what the company owes. Equity represents the amount invested in the business, either by the promoters of the company or by external shareholders. The total assets must match total liabilities plus equity.
Financial Statements
Financial statements are written records of an organization which provide a true and real picture of business activities. It shows the financial position and the operating performance of the company. It is prepared at the end of every financial cycle. It includes three main components that are balance sheet, income statement and cash flow statement.
Owner's Capital
Before we begin to understand what Owner’s capital is and what Equity financing is to an organization, it is important to understand some basic accounting terminologies. A double-entry bookkeeping system Normal account balances are those which are expected to have either a debit balance or a credit balance, depending on the nature of the account. An asset account will have a debit balance as normal balance because an asset is a debit account. Similarly, a liability account will have the normal balance as a credit balance because it is amount owed, representing a credit account. Equity is also said to have a credit balance as its normal balance. However, sometimes the normal balances may be reversed, often due to incorrect journal or posting entries or other accounting/ clerical errors.
prepare common size income state for this company
| Frontier Communications | |
| Fiscal year is January-December. All values USD Millions. | 2020 |
| Sales/Revenue | 7,155 |
| Sales Growth | -11.74% |
| Cost of Goods Sold (COGS) incl. D&A | 4,299 |
| COGS excluding D&A | 2,701 |
| Depreciation & Amortization Expense | 1,598 |
| Depreciation | 1,255 |
| Amortization of Intangibles | 343 |
| COGS Growth | -11.12% |
| Gross Income | 2,856 |
| Gross Income Growth | -12.66% |
| Gross Profit Margin | 39.92% |
| SG&A Expense | 1,648 |
| Other SG&A | 1,648 |
| SGA Growth | -8.65% |
| EBIT | 1,208 |
| Unusual Expense | 568 |
| Non Operating Income/Expense | -368 |
| Non-Operating Interest Income | 4 |
| Interest Expense | 762 |
| Interest Expense Growth | -50.36% |
| Gross Interest Expense | 762 |
| Interest Capitalized | - |
| Pretax Income | -486 |
| Pretax Income Growth | 92.55% |
| Pretax Margin | -6.79% |
| Income Tax | -84 |
| Income Tax - Current Domestic | 7 |
| Income Tax - Deferred Domestic | -91 |
| Other After Tax Income (Expense) | - |
| Consolidated Net Income | -402 |
| Net Income | -402 |
| Net Income Growth | 93.20% |
| Net Margin | -5.62% |
| Net Income After Extraordinaries | -402 |
| Preferred Dividends | - |
| Net Income Available to Common | -402 |
| EPS (Basic) | -3.85 |
| EPS (Basic) Growth | 93.23% |
| Basic Shares Outstanding | 104 |
| EPS (Diluted) | -3.85 |
| EPS (Diluted) Growth | 93.23% |
| Diluted Shares Outstanding | 104 |
| EBITDA | 2,806 |
| EBITDA Growth | -13.56% |
| EBITDA Margin | 39.22% |
| EBIT |
1,208
|
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