Question

a. Please give a summary of financial performance for CVS and Walgreens. Please do so in...

a. Please give a summary of financial performance for CVS and Walgreens. Please do so in a paragraph in five sentences or more.

CVS

Balance Sheet

All numbers in thousands

Period Ending

12/31/2017

12/31/2016

12/31/2015

Current Assets

Cash And Cash Equivalents

1,696,000

3,371,000

2,459,000

Short Term Investments

111,000

87,000

88,000

Net Receivables

13,181,000

12,164,000

11,888,000

Inventory

15,296,000

14,760,000

14,001,000

Other Current Assets

945,000

660,000

722,000

Total Current Assets

31,229,000

31,042,000

29,158,000

Long Term Investments

-

-

-

Property Plant and Equipment

10,292,000

10,175,000

9,855,000

Goodwill

38,451,000

38,249,000

38,106,000

Intangible Assets

13,630,000

13,511,000

13,878,000

Accumulated Amortization

-

-

-

Other Assets

1,529,000

1,485,000

1,440,000

Deferred Long Term Asset Charges

-

-

-

Total Assets

95,131,000

94,462,000

92,437,000

Current Liabilities

Accounts Payable

15,472,000

14,883,000

14,319,000

Short/Current Long Term Debt

15,176,000

11,367,000

8,850,000

Other Current Liabilities

-

-

-

Total Current Liabilities

30,648,000

26,250,000

23,169,000

Long Term Debt

22,181,000

25,615,000

26,267,000

Other Liabilities

1,611,000

1,549,000

1,542,000

Deferred Long Term Liability Charges

2,996,000

4,214,000

4,217,000

Minority Interest

4,000

4,000

7,000

Negative Goodwill

-

-

-

Total Liabilities

57,440,000

57,632,000

55,202,000

Stockholders' Equity

Misc. Stocks Options Warrants

-

-

39,000

Redeemable Preferred Stock

-

-

-

Preferred Stock

-

-

-

Common Stock

17,000

17,000

17,000

Retained Earnings

43,556,000

38,983,000

35,506,000

Treasury Stock

-37,765,000

-33,452,000

-28,886,000

Capital Surplus

32,079,000

31,618,000

30,948,000

Other Stockholder Equity

-196,000

-336,000

-389,000

Total Stockholder Equity

37,691,000

36,830,000

37,196,000

Net Tangible Assets

-14,390,000

-14,930,000

-14,788,000

Income Statement

All numbers in thousands

Revenue

12/31/2017

12/31/2016

12/31/2015

Total Revenue

184,765,000

177,526,000

153,290,000

Cost of Revenue

156,220,000

148,669,000

126,762,000

Gross Profit

28,545,000

28,857,000

26,528,000

Operating Expenses

Research Development

-

-

-

Selling General and Administrative

-

-

-

Non Recurring

-

-

-

Others

-

-

-

Total Operating Expenses

-

-

-

Operating Income or Loss

9,517,000

10,366,000

9,475,000

Income from Continuing Operations

Total Other Income/Expenses Net

-208,000

-671,000

-21,000

Earnings Before Interest and Taxes

9,309,000

9,695,000

9,454,000

Interest Expense

1,041,000

1,058,000

838,000

Income Before Tax

8,268,000

8,637,000

8,616,000

Income Tax Expense

1,637,000

3,317,000

3,386,000

Minority Interest

4,000

4,000

7,000

Net Income From Continuing Ops

6,631,000

5,320,000

5,230,000

Non-recurring Events

Discontinued Operations

-8,000

-1,000

9,000

Extraordinary Items

-

-

-

Effect Of Accounting Changes

-

-

-

Other Items

-

-

-

Net Income

Net Income

6,622,000

5,317,000

5,237,000

Preferred Stock And Other Adjustments

-

-

-

Net Income Applicable To Common Shares

6,622,000

5,317,000

5,237,000

Homework Answers

Answer #1

Financial Perormance of CVC and Walgreens

Financial Statements of CVC and Walgreens are provided of 3 consective financial years.This Information has been analyzed and the results are presented in the report.

1) Comapny's Gross profit has decreased from last year as their cost of revenue increased.

2) Cost of revenue increased more as compared to total revenue. Company needs to reduce it relatively.

3) Long term Debts decreased while short term debts increased, means having strong hold over their debts.

4) Cash and cash has decreased almost half, but the total assets increased. so that means company is investing huge in their assets and development.

5) Net Income of the company subsequently increasing every year.

All that analysis show that company is growing subsequently well and its fundamentals gets stronger.  

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