I would like a quote on the attached assignment
Financial Statement and Cash Flow Principle of Finance 23EW5 Alexandra Rivera 5/13/2023 Chipotle Mexican Grill Inc (Chipotle) By: Alexandra Rivera Business Selection-Restaurant Industry Chipotle Mexican Grill Inc, a fast-food chain operator in the United States, offers Mexican grill cuisine with a customized menu. Established in 1993, Chipotle (CMG) serves various delicious dishes such as burritos, burrito bowls (burritos without the tortilla), quesadillas, tacos, and salads. The company takes pride in using whole, unprocessed ingredients without artificial colors, flavors, or additives. Chipotle Mexican Grill remains a popular choice for food lovers, with around 3,200 locations across the United States, Canada, the United Kingdom, France, and Germany. Financial Analysis involves assessing the performance and suitability of businesses, projects, budgets, and other financial transactions. Its main goal is determining whether an entity is stable, solvent, liquid, or profitable enough for a monetary investment. A balance sheet summarizes the company's assets, liabilities, equity, and debt at a specific moment. However, it does not provide any insights into the events or activities that led to the company’s current state. That's why the income statement's profit figures are crucial for investors. Income Sheet, the format of an income statement, includes details on sales, expenses, losses, and profit. These statements are helpful for investors to assess a company's previous performance and predict future cash flow. The cash flow statement provides information on a business's incoming and outgoing cash flow during a specific financial period. This statement assures investors that a company has sufficient funds to cover its expenses and investments. The cash flow statement is divided. Into three main categories: Operating, Investing, and Financing, which give a comprehensive overview of the entire business. Income Statement Analysis The income (loss) figures from operations show a significant increase from USD 245525 thousand as of March 31, 2021, to USD 367606 thousand as of March 31, 2023, reflecting a growth of 22.31%. Moreover, the net income has increased by an impressive 155%, rising from USD 187974 thousand to USD 291644 thousand. Chipotle has witnessed growth in sales and profits. This is because health-conscious customers opt for naturally raised or organically produced food and do not order salads at McDonald's and Wendy's (WEN). Analyzing the Balance Sheet to determine a company's ability to meet its current debt and other payables, investors and analysts use the current ratio. This ratio is calculated by dividing total assets by total liabilities, which results in a value of 1.5 if 7053372 is the numerator and 4571687 is the denominator. A current ratio greater than 1 indicates that a company can efficiently use its current assets to satisfy its short-term liabilities. Furthermore, the shareholder's fund has steadily increased from 2097531 as of March 31, 2021, to 2133960 as of March 31, 2022, and 2481685 as of March 31, 2023. Cash Flow Statements- A business’s Operating Cash Flow (OCF) refers to the cash generated by its regular operations within a specific timeframe. For example, in Sept 2022, the business’s Operating Cash Flow increased significantly by 301% from USD 305973 thousand to USD 921606 thousand and reached USD 455036 (148.75%) for various reasons. Chipotle's smaller menu has three advantages. Firstly, the restaurant only stocks fresh ingredients, which reduces the number of components needed and minimizes waste. Secondly, the quick service ensures that the kitchen is manageable with orders, and mistakes are rare. Customers can easily correct any errors they notice. Finally, Chipotle's consistent menu eliminates the need for frequent product development and flashy advertisements to attract customers. The Cash flow from investing activities (CFI) - refers to the money spent on purchasing physical assets, investing in securities, or selling assets and securities. As per the records, the investing activities cash flow reflects a negative amount of USD -235549, which is often perceived as a sign of poor company performance. However, it's important to note that negative cash flow from investing activities results from investments made by the company. For instance, in March, the company invested in Zero Acre Farms. Cash flow from financing activities-The cash flow from financing activities has displayed a decreasing negative figure due to the acquisition of Treasury stock. Consequently, the paid-up capital has escalated from USD 1606501 thousand to USD 1849683 thousand. Treasury stock refers to the shares or stocks repurchased by the issuing company. In the past four quarters, the cash flow from financing activities has diminished to USD -102260 thousand due to a decrease in the acquisition of treasury stocks. Conclusion- Chipotle's strategy of maintaining a concise menu and avoiding franchises has allowed the company to exercise strict oversight over its operations while safeguarding its suppliers, flavor, and culture. In April, the company joined forces with Skip the Dishes to broaden its reach. In addition, its innovative all-electric restaurant design harnesses renewable energy from wind and solar sources, backed by the purchase of renewable energy credits. With its stock soaring from $42 to over $2000, Chipotle presents a promising long-term investment possibility. References Chipotle Mexican Grill - Mexican Food - Restaurant & Catering CMG: Chipotle Mexican Grill Inc - Stock Price, Quote and News - CNBC PaperMenu_STANDARD_NoPricing_120221.pdf (chipotle.com) Chipotle sets sustainable-restaurant design in carbon footprint move (cnbc.com) Untitled Spreadsheet asreported Powered by Clearbit Chipotle Mexican Grill Inc (NYS: CMG) Exchange rate used is that of the Year End reported date As Reported Quarterly Balance Sheet Report Date03/31/202309/30/202206/30/202203/31/202209/30/202106/30/202103/31/2021 1st Quarter3rd Quarter2nd Quarter1st Quarter3rd Quarter2nd Quarter1st Quarter CurrencyUSDUSDUSDUSDUSDUSDUSD Audit StatusUnauditedUnauditedUnauditedUnauditedUnauditedUnauditedUnaudited ConsolidatedYesYesYesYesYesYesYes ScaleThousandsThousandsThousandsThousandsThousandsThousandsThousands Cash & cash equivalents409727366623520933615863721109668269694776 Accounts receivable, net 65869712768363689295760997569768449 Inventory34599337522945629852284502515924304 Prepaid expenses & other current assets98389764397371670403728217161361615 Income tax receivable-1120649787450701318593284612244122 Investments652858417278240684240379301534322460363585 Total current assets1261442107743210462991096493151860614478101456851 Leasehold improvements, property & equipment, net1981329187162318133481779521171922416661841613670 Long term investments368023442620359911333088188344150814110928 Restricted cash25133309743089530872278912787727863 Operating lease assets3334277330905132099343147061309404529459122858345 Other assets61229637986301058283575185991859463 Goodwill21939219392193921939219392193921939 Total assets7053372681743765453366467257662756763204546149059 Accounts payable182606167842158581168905171712140251147417 Accrued payroll & benefits116465128495161052172454190912225104221677 Accrued liabilities160436156455148614136655153233143469145627 Unearned revenue157898133118132446132421120423113016110197 Current operating lease liabilities239029231947230930223303214684213646209086 Income tax payable37658------ Total current liabilities894092817857831623833738850964835486834004 Long-term operating lease liabilities3532566349722133934233331319327487531345553040176 Deferred income tax liabilities98137133255126239127729148395133510135929 Other liabilities46892417233985240511424254274541419 Total liabilities4571687449005643911374333297431665941462964051528 Common stock374373373373371370369 Additional paid-in capital1849683180793817823031753328169080616541951606501 Treasury stock, at cost4480833407655539692213702023317079830674582908111 Accumulated other comprehensive income (loss)-7431-8896-6639-5159-5143-4187-4492 Retained earnings (accumulated deficit)5119892460452143473834087441379567235912383403264 Total shareholders' equity2481685232738121541992133960231090821741582097531 Untitled Spreadsheet asreported Powered by Clearbit Chipotle Mexican Grill Inc (NYS: CMG) Exchange rate used is that of the Year End reported date As Reported Quarterly Cash Flow Report Date03/31/202309/30/202206/30/202203/31/202209/30/202106/30/202103/31/2021 1st Quarter3rd Quarter2nd Quarter1st Quarter3rd Quarter2nd Quarter1st Quarter CurrencyUSDUSDUSDUSDUSDUSDUSD Audit StatusUnauditedUnauditedUnauditedUnauditedUnauditedUnauditedUnaudited ConsolidatedYesYesYesYesYesYesYes ScaleThousandsThousandsThousandsThousandsThousandsThousandsThousands Net income (loss)291644675374418236158294519509315075127101 Depreciation & amortization765852128141413987166518839512520463122 Amortization of operating lease assets-----10548549269 Deferred income tax provision (benefit)-486-8567-15537-14024-1024-15884-13482 Impairment, closure costs, & asset disposals815215127885142651248382354937 Provision for credit losses500-969-876-918733-220-275 Stock-based compensation expense2008477371522212359013874110268055390 Other adjustments-2810-13045-11909-998253424672180 Accounts receivable39659228911235310394218823728632175 Inventory1086-105633202970-199613092148 Prepaid expenses & other current assets-14569-31699485920-19343-18186-8756 Operating lease assets5913517146411250555125151628-- Other assets3277-1537-3014-11321901117-186 Accounts payable-273210774-297215702287121252519446 Accrued payroll & benefits-53428-32861-58310438-131932106818188 Accrued liabilities17009-16562-22293-31151-7407-20102-17869 Unearned revenue-22653-18141-20062-21604-2978-11487-15606 Income tax payable or receivable85400-18070-383243367-35850-185138640 Operating lease liabilities-51584-153200-100024-49596-141540-101818-50902 Other long-term liabilities7672968958595474955453 Net cash flows from operating activities455036921606569688282902843661562858305973 Purchases of leasehold improvements, property & equipment-120369-335518-196495-96162-320569-212123-86619 Purchases of investments-214819-513813-195242-118827-288899-190920-90477 Maturities of investments996392029971425408192324344116204560593 Proceeds from sale of equipment----28852885- Net cash flows from investing activities-235549-646334-249197-133066-363142-238113-116503 Acquisition of treasury stock-126709-629775-521910-263308-300733-203151-57229 Tax withholding on stock-based compensation awards-67185-92374-91905-85811-63492-58860-44810 Other financing activities11-586-588-359-2342-2208-221 Net cash flows from financing activities-193883-722735-614403-349478-366567-264219-102260 Effect of exchange rate changes on cash, cash equivalents & restricted cash290-1170-490147-788-216-407 Net change in cash, cash equivalents, & restricted cash25894-448633-294402-1994951131646031086803 Cash, cash equivalents, & restricted cash at beginning of period408966846230846230846230635836635836635836 Cash, cash equivalents, & restricted cash at end of period434860397597551828646735749000696146722639 Income taxes paid-24522745213917722911630691082476909 RATIOS Most Recent Fiscal Qtr ACCOUNTING & FINANCIAL RATIOS CURRENT RATIO (Current Assets / Current Liabilities)TOTAL ASSET TURNOVER RATIO (Total Revenue / Total Assets) Current AssetsTotal Revenue Current LiabilitiesERROR:#DIV/0!Total AssetsERROR:#DIV/0! WORKING CAPITAL (Current Assets - Current Liabilities) : *Note to students: Be mindful of the scale being used in Mergent Online when filling this out. If a number is written as 12.53, that does not mean the total for that item is $12.53. There could be numerous zeros written after it, depending on the scale labeled above. In this example, 12.53 is actually $12,530,000. (To delete this comment, right-click on the "WORKING CAPITAL" box, then select Delete Comment from the drop-down menu.) FINANCIAL LEVERAGE (Total Assets / Shareholder's Equity) Current AssetsTotal Assets Current Liabilities0Shareholder's EquityERROR:#DIV/0! DEBT RATIO (Total Liabilities / Total Assets)NET PROFIT MARGIN (Net Income / Total Revenue) Total LiabilitiesNet Income Total AssetsERROR:#DIV/0!Total RevenueERROR:#DIV/0! EARNINGS PER SHARE (Net Income / Weighted Average Common Shares Outstanding)RETURN ON ASSETS (Net Income / Total Assets) Net IncomeNet Income Shares OutstandingERROR:#DIV/0!Total AssetsERROR:#DIV/0! PRICE EARNINGS RATIO (Share Price (end of quarter / EPS)RETURN ON EQUITY (Net Income - Preferred Dividends / Shareholder's Equity) Stock PriceNI - Pref. Div. EPSERROR:#DIV/0!Shareholder's EquityERROR:#DIV/0! RATIOS Same Fiscal Qtr 1 Yr Ago ACCOUNTING & FINANCIAL RATIOS CURRENT RATIO (Current Assets / Current Liabilities)TOTAL ASSET TURNOVER RATIO (Total Revenue / Total Assets) Current AssetsTotal Revenue Current LiabilitiesERROR:#DIV/0!Total AssetsERROR:#DIV/0! WORKING CAPITAL (Current Assets - Current Liabilities) : *Note to students: Be mindful of the scale being used in Mergent Online when filling this out. If a number is written as 12.53, that does not mean the total for that item is $12.53. There could be numerous zeros written after it, depending on the scale labeled above. In this example, 12.53 is actually $12,530,000. (To delete this comment, right-click on the "WORKING CAPITAL" box, then select Delete Comment from the drop-down menu.) FINANCIAL LEVERAGE (Total Assets / Shareholder's Equity) Current AssetsTotal Assets Current Liabilities0Shareholder's EquityERROR:#DIV/0! DEBT RATIO (Total Liabilities / Total Assets)NET PROFIT MARGIN (Net Income / Total Revenue) Total LiabilitiesNet Income Total AssetsERROR:#DIV/0!Total RevenueERROR:#DIV/0! EARNINGS PER SHARE (Net Income / Weighted Average Common Shares Outstanding)RETURN ON ASSETS (Net Income / Total Assets) Net IncomeNet Income Shares OutstandingERROR:#DIV/0!Total AssetsERROR:#DIV/0! PRICE EARNINGS RATIO (Share Price (end of quarter / EPS)RETURN ON EQUITY (Net Income - Preferred Dividends / Shareholder's Equity) Stock PriceNI - Pref. Div. EPSERROR:#DIV/0!Shareholder's EquityERROR:#DIV/0! NPV Net Present Value (NPV) Calculator Building Initial InvestmentYear12345678910 Annual Cash InflowsCash Flows$0$0$0$0$0$0$0$0$0$0 Discount RateNPV = $0Year11121314151617181920 Number of YearsCash Flows$0$0$0$0$0$0$0$0$0$0 Salvage Value Equipment Initial InvestmentYear12345678910 Annual Cash InflowsCash Flows$0$0$0$0$0$0$0$0$0$0 Discount RateNPV = $0Year11121314151617181920 Number of YearsCash Flows$0$0$0$0$0$0$0$0$0$0 Salvage Value Bonds Initial Investment Annual Cash Inflows Discount RateNPV = $0Year12345678910 Number of YearsCash Flows$0$0$0$0$0$0$0$0$0$0 Principal Returned Optional Worksheets-> Monthly Time Value of Money - Monthly Compounding Rate of ReturnYear 1 Initial InvestmentMonth123456789101112 Interest$0$0$0$0$0$0$0$0$0$0$0$0 Investment Value$0$0$0$0$0$0$0$0$0$0$0$0 Year 2 Month123456789101112 Interest$0$0$0$0$0$0$0$0$0$0$0$0 Investment Value$0$0$0$0$0$0$0$0$0$0$0$0 Year 3 Month123456789101112 Interest$0$0$0$0$0$0$0$0$0$0$0$0 Investment Value$0$0$0$0$0$0$0$0$0$0$0$0 Year 4 Month123456789101112 Interest$0$0$0$0$0$0$0$0$0$0$0$0 Investment Value$0$0$0$0$0$0$0$0$0$0$0$0 Year 5 Month123456789101112 Interest$0$0$0$0$0$0$0$0$0$0$0$0 Investment Value$0$0$0$0$0$0$0$0$0$0$0$0 Year 6 Month123456789101112 Interest$0$0$0$0$0$0$0$0$0$0$0$0 Investment Value$0$0$0$0$0$0$0$0$0$0$0$0 Year 7 Month123456789101112 Interest$0$0$0$0$0$0$0$0$0$0$0$0 Investment Value$0$0$0$0$0$0$0$0$0$0$0$0 Year 8 Month123456789101112 Interest$0$0$0$0$0$0$0$0$0$0$0$0 Investment Value$0$0$0$0$0$0$0$0$0$0$0$0 Year 9 Month123456789101112 Interest$0$0$0$0$0$0$0$0$0$0$0$0 Investment Value$0$0$0$0$0$0$0$0$0$0$0$0 Year 10 Month123456789101112 Interest$0$0$0$0$0$0$0$0$0$0$0$0 Investment Value$0$0$0$0$0$0$0$0$0$0$0$0 Annual Time Value of Money - Annual Compounding Rate of ReturnYear 12345678910 Initial InvestmentInterest$0$0$0$0$0$0$0$0$0$0 Investment Value$0$0$0$0$0$0$0$0$0$0 PV Time Value of Money - Present Value Annuity Number of Years Rate of Return$0.00 Payment FV Time Value of Money - Future Value Annuity Number of Years Rate of Return$0.00 Payment PV - Lump Sum Time Value of Money - Present Value of Lump Sum Rate Years$0.00 Initial Investment FV - Lump Sum Time Value of Money - Future Value of Lump Sum Rate Years$0.00 Initial Investment Untitled Spreadsheet asreported Powered by Clearbit Chipotle Mexican Grill Inc (NYS: CMG) Exchange rate used is that of the Year End reported date As Reported Quarterly Income Statement Report Date03/31/202309/30/202206/30/202203/31/202209/30/202106/30/202103/31/2021 1st Quarter3rd Quarter2nd Quarter1st Quarter3rd Quarter2nd Quarter1st Quarter CurrencyUSDUSDUSDUSDUSDUSDUSD Audit StatusUnauditedUnauditedUnauditedUnauditedUnauditedUnauditedUnaudited ConsolidatedYesYesYesYesYesYesYes ScaleThousandsThousandsThousandsThousandsThousandsThousandsThousands Food & beverage revenue2351009220233621928021998956193240918693651715990 Delivery service revenue17571178392053721583199062317325585 Total revenue2368580222017522133392020539195231518925381741575 Restaurant operating costs - food, beverage & packaging692559662540673928626926591332574478522671 Restaurant operating costs - labor583794557178549926531940502757464506433669 Restaurant operating costs - occupancy121931115826113919112032104223103430101769 Restaurant operating costs - other operating costs363206322085317481330695294650287242294710 General & administrative expenses148340140896140820147402145930146044155103 Depreciation & amortization expenses76585714166973371665631916208263122 Pre-opening costs6198761852535348589449653421 Impairment, closure costs, & asset disposals8361636346814310465842665668 Total operating expenses2000974188392218757411830318171263516470131580133 Income (loss) from operations367606336253337598190221239680245525161442 Interest & other income (expense), net8949371210572-213-126851-2168 Income (loss) before income taxes376555339965348170190008239554246376159274 Provision (benefit) for income taxes84911828278822831714351205840232173 Net income (loss)291644257138259942158294204434187974127101 Weighted average shares outstanding - basic27624277732790528043281502813428125 Weighted average shares outstanding - diluted27788279562809228301284752850128582 Year end shares outstanding27601277512780427984281552809828159 Net earnings (loss) per share - basic10.569.269.325.647.266.684.52 Net earnings (loss) per share - diluted10.59.29.255.597.186.64.45