Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
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Craft Brew Alliance, Inc. Consolidated Balance Sheets
(Dollars in thousands, except per share amounts) December 31, 2012 2011 Assets Current assets:
Cash $ 5,013 $ 7 9 5 Accounts receivable, net 10,512 13,326 Inventories 11,749 9,446 Deferred income tax asset, net 1,250 894 Other current assets 3,809 2,816
Total current assets 32,333 27,277 Property, equipment and leasehold improvements, net 102,852 100,725 Goodwill 12,917 12,917 Intangible and other assets, net 17,562 17,989
Total assets $ 165,664 $ 158,908 Liabilities and Shareholders’ Equity Current liabilities:
Accounts payable $ 12,255 $ 10,994 Accrued salaries, wages and payroll taxes 5,267 4,524 Refundable deposits 7,896 7,400 Other accrued expenses 1,066 1,436 Current portion of long-term debt and capital lease obligations 642 5 9 6
Total current liabilities 27,126 24,950 Long-term debt and capital lease obligations, net of current portion 12,440 13,188 Fair value of derivative financial instruments 219 572 Deferred income tax liability, net 17,156 15,210 Other liabilities 528 479
Total liabilities 57,469 54,399 Commitments and contingencies Common shareholders’ equity:
Common stock, $0.005 par value. Authorized 50,000,000 shares; issued and outstanding 18,874,256 and 18,844,817 94 94
Additional paid-in capital 136,030 135,091 Accumulated other comprehensive loss (135) (356) Accumulated deficit (27,794) (30,320)
Total common shareholders’ equity 108,195 104,509 Total liabilities and common shareholders’ equity $ 165,664 $ 158,908
The accompanying notes are an integral part of these financial statements.
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Table of Contents
CRAFT BREW ALLIANCE, INC. CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts) Year Ended December 31, 2012 2011 2010 Sales $ 182,018 $ 161,000 $ 140,852 Less excise taxes 12,731 11,803 9,121 Net sales 169,287 149,197 131,731 Cost of sales 119,261 104,011 98,064 Gross profit 50,026 45,186 33,667 Selling, general and administrative expenses 44,890 39,742 29,938 Merger related expenses – – 5 5 9 Operating income 5,136 5,444 3,170 Income from equity method investments – 6 9 1 842 Gain on sale of equity interest in Fulton Street Brewery, LLC – 10,432 – Interest expense (663) (918) (1,497) Interest and other income, net 4 43 271 Income before income taxes 4,477 15,692 2,786 Income tax provision 1,951 6,041 1,100 Net income $ 2,526 $ 9 , 6 5 1 $ 1,686 Basic and diluted net income per share $ 0.13 $ 0.51 $ 0.10 Shares used in basic per share calculations 18,862 18,834 17,523 Shares used in diluted per share calculations 18,934 18,931 17,568
The accompanying notes are an integral part of these financial statements.
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Table of Contents
CRAFT BREW ALLIANCE, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands) Year Ended December 31, 2012 2011 2010 Net income $ 2,526 $ 9 , 6 5 1 $ 1,686 Unrealized gains (losses) on derivative hedge transactions, net of tax 221 172 (50) Comprehensive income $ 2,747 $ 9,823 $ 1,636
The accompanying notes are an integral part of these financial statements.
Craft Brew Alliance, Inc. Consolidated Balance Sheets
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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