Answer To: I have to use the indirect method to create the cash flow and link my 2019 and 2020 ending period...
Nitish Lath answered on Apr 13 2021
COMPANY PROFILE
P&L
The Boston Beer Company Inc.
Income Statement for the Years
2018 through 2020
(FYE December 30, $ in thousands)
2018 2019 2020
Revenue $ 1,057,495 $ 1,329,108 $ 1,851,813
Cost of Revenue
Excise Taxes $ 61,846 $ 79,284 $ 115,381
Total Cost of Revenue $ 61,846 $ 79,284 $ 115,381
Cost of Goods sold $ 483,406 $ 635,658 $ 921,980
Gross Profit $ 512,243 $ 614,166 $ 814,452
Operating Expense
General and Administrative $ 90,857 $ 112,730 $ 118,211
Advertising, promotional and selling expenses $ 304,853 $ 355,613 $ 447,568
Other Expense $ 652 $ 911 $ 4,466
Total Operating Expense $ 396,362 $ 469,254 $ 570,245
Earnings Before Interest & Taxes (EBIT) $ 115,881 $ 144,912 $ 244,207
Other Operating Expense (Income)
Interest and Other (Income) $ (887) $ (1,189) $ 222
Interest Expense $ 1,292 $ 647 $ (199)
Other $ - 0 $ - 0 $ - 0
Total Other Operating Expense (Income) $ 405 $ (542) $ 23
Earnings Before Taxes (EBT) $ 116,286 $ 144,370 $ 244,230
Income Tax $ (23,623) $ (34,329) $ (52,270)
Net Income $ 92,663 $ 110,041 $ 191,960
EBITDA $ 420,734 $ 500,525 $ 691,775
BS
The Boston Beer Company Inc.
Balance Sheet for the Years
2018 through 2020
(FYE December 30, $ in thousands)
2018 2019 2020
Assets
Current Assets
Cash $ 108,399 $ 36,670 $ 163,282 $ 71,729 $ (126,612)
Accounts Receivable 34,073 54,404 78,358 $ ...