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What does Ford’s 2015 Form 10-K communicate about its cash flows?

Ford Motor Company (F) is an American-based, multinational car and truck manufacturer.  Ford Motor Company was launched in 1903 with $28,000 in cash from twelve investors, including John and Horace Dodge. By 1919, approximately 50% of the cars sold in the United States were made by Ford. In 2014, Ford generated sales of approximately $144 […]

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What contributed to the increase in Caterpillar’s earnings per share in 2014?

Note: This article is a special guest post written by Dr. John Dexter, Jr., CPA, CGMA, Associate Professor, Edinboro University, jdexter@edinboro.edu. Thanks, John, for the contribution! In its Form 10-K for the year ended December 31, 2014, Caterpillar Inc. (CAT) reported diluted earnings per share (EPS) of $5.88, an increase of $0.13 from the prior […]

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What does Home Depot’s 2015 Form 10-K communicate about its inventory?

Home Depot (HD) is a retailer of home improvement and construction products. Home Depot is currently the world’s largest home improvement retailer with revenues exceeding $83 billion in its fiscal year ending February 1, 2015. The most commonly used inventory valuation methods are first-in first-out, last-in first-out, and average or weighted average cost. See the […]

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What are the accounts payable turnover ratios at Kellogg, Post, and General Mills?

In a recent New York Times article (“Big Companies Pay Later, Squeezing Their Suppliers,” April 6, 2015), it was reported that several large companies are forcing their much-smaller suppliers to extend longer payment terms. Several large companies, such as Procter & Gamble, Heinz, and Anheuser-Busch, have told their suppliers that they want three or four […]

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What does Kohl’s 2015 Form 10-K communicate about its stockholders’ equity?

Kohl’s Corporation (KSS) operates department stores in 49 states in the U.S. and has annual sales in excess of $18 billion. Its fiscal year ends on the Saturday closest to January 31 each year. Kohl’s has several line items comprising its stockholders’ equity.  See the excerpts to follow from Kohl’s 2015 Form 10-K: its Consolidated […]

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What information is in the auditor and management letters in The J.M. Smucker Company’s Form 10-K?

The J. M. Smucker Company (SJM) was started in 1897 by Jerome Monroe Smucker in Orrville, Ohio. The J. M. Smucker Company has several well-known brands in its lineup, including Jif, Folgers, Pillsbury, and Hungry Jack. Since The J. M. Smucker Company is publicly-held, it issues a Form 10-K each year.  It is also required […]

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What does Coca-Cola’s Form 10-k communicate about its accounts receivable?

The Coca-Cola Company (KO), like other U.S. publicly-held companies, files its financial statements in an annual filing called a Form 10-K with the Securities & Exchange Commission (SEC). Coca-Cola has several assets that are listed on its balance sheet.  Let’s look at what is reported on Coca-Cola’s Form 10-K regarding its accounts receivable. See the […]

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What does Coca-Cola’s Form 10-K communicate about its short-term investments?

Coca-Cola is firmly entrenched in our history and culture.  On February 28, 2015, a Coca-Cola exhibition will open at the High Museum of Art in Atlanta.  The exhibition will feature paintings, photographs, and other items related to Coke’s iconic curved bottle. The exhibition will run through October 4, 2015. (Fun fact: Coca-Cola is sold in […]

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What does Walt Disney’s Form 10-K communicate about its PP&E?

In February 2015, The Walt Disney Company (DIS) unveiled its new interactive queue for one of its oldest attractions at its Magic Kingdom Park (Walt Disney World) in Orlando, Peter Pan’s Flight (see video here.) As guests wait in line, they enter into the Darling’s foyer. From the foyer, guests head into the children’s nursery. […]

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What does Walt Disney’s Form 10-K communicate about its unearned revenue and accrued revenue?

Over the past year, The Walt Disney Company (DIS) has made the news because it increased its ticket prices at Walt Disney World in Florida, Disneyland Park in California, and other parks around the world.  Ticket revenue, however, is not its only source of revenue. The following is an excerpt from the Notes to Consolidated […]

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