Answer To: Choose a publicly traded company - signup sheet in Project handouts – each student must have an...
Narasimhaswamy answered on Jun 29 2021
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Content 40%
Income Statement, Balance sheet,
& Other Statements and Ratios.
Presentation 20%
Income Statement, Balance sheet,
& Other Statements and Ratios.
Grammar and spelling 20%
Buy or sell Recommendation 20%
Financial Statements of Gilead Life sciences
1.Income Statement
Year Ended
Dec-20
Dec-19
Revenues
Product Sales
24,355
22,119
Royalty, contract and other revenues
334
330
Other Income
-1,418
1,868
Total Revenues
23,271
24,317
Cost of goods sold
4,572
4,675
Gross Profit
18,699
19,642
Expenses
Research and development expenses
5,039
4,055
Acquired in-process research and development expenses
5,856
5,051
Selling, general and administrative expenses
3,671
2,977
Depreciation and amortisation
1,480
1,404
Total Expenses
16,046
13,487
Earnings Before Interest and Tax
2,653
6,155
Interest Expense
984
995
Earnings Before Tax
1,669
5,160
Income Tax / (Benefit)
1,580
-204
Net Income
89
5,364
Net (loss) income attributable to noncontrolling interest
34
22
Net Income Attributable to Shareholders
123
5,386
Earnings Per Share ---- Basic
0.10
4.24
Number of outstanding Shares Basic
1,257
1,270
Earnings Per Share --- Diluted
0.10
4.22
Number of outstanding Shares Diluted
1,263
1,277
2. Balance sheet
Assets
December, 31
2020
2019
Current Assets
Cash and Cash Equivalents
5,997
11,631
Short term marketable securities
1,411
12,721
Account Receivables, net
4,892
3,582
Inventories
1,683
922
Prepaid and Other Current Assets
2,013
1,440
Total Current Assets
15,996
30,296
Property, plant and equipment, net
4,967
4,502
Long term marketable Securities
502
1,488
Intangible Assets, net
33,126
13,786
Goodwill
8,108
4,117
Other long-term Assets
5,708
7,438
Total Assets
68,407
61,627
Liabilities and Shareholders' Equity
Current Liabilities
Account Payable
844
713
Accrued government and other rebates
3,460
3,473
Other accrued liabilities
4,336
3,074
Current portion of long-term debt and other obligation, net
2,757
2,499
Total Current Liabilities
11397
9759
Long term debt, net
28,645
22,094
Long term income taxes payable
5,016
6,115
Other long-term obligations
5,128
1,009
Commitment and contingencies
Stockholders' equity
Preferred Stock, par value $0.001 per share, 5 shares authorized; none outstanding --
---
---
Common stock, par value $0.001 per share; 5600 Authorized;
1254 and 1266 shares issued and outstanding, respectively
1
1
Additional paid - in capital
3,880
3,051
Accumulated Other comprehensive income
-60
85
Retained Earnings
14,381
19,388
Total Stockholders' equity
18,202
22,525
Non-controlling interest
19
125
Total Stockholders' Equity
18,221
22,650
Total Liabilities and Stockholders' Equity
68,407
61,627
Check
0
0
3.Stockholders' equity
Preferred Stock,...