In Project Two, you?ll analyze and evaluate a businesss financial health. Youll also recommend financing options that improve the companys financial health. Use the Project Two Busi

In Project Two, you‘ll analyze and evaluate a business’s financial health. You’ll also recommend financing options that improve the company’s financial health. Use the Project Two Business Options List to choose the business that you’ll examine in Project Two. Then use Mergent Online to locate the most recent quarterly financial statements for the business: the balance sheet, the income statement, and the cash flow statement.

To succeed in your Project Two assignment, you will need to understand the role of financial statements and how they help a business determine its financial health. You will also need to explain why cash flow management is important to the financial health of a business. 

Directions

Write a brief journal that introduces the business you chose for your Project Two assignment.

Specifically, you must address the following rubric criteria:

  • Business Selection: Describe the business you chose, including the business name and what the business offers consumers.
  • Financial Statements: Using Mergent Online, download and submit a copy of the balance sheet, the income statement, and the cash flow statement from the most recent fiscal quarter for the business you chose.
  • Financial Statement Role: Explain why financial statements are important to a business and how they help businesses determine their financial health.
  • Cash Flow Management: Explain why cash flow management is important to a business and its financial health. Use a financial news story from the past two months as an example to support your claims.

What to Submit

Your journal submission should be a 3- to 4-paragraph Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Any sources should be cited according to APA style. Also submit the Excel files for your chosen business’s balance sheet, income statement, and cash flow statement from Mergent Online.

asreported

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Tesla Inc (NMS: TSLA)
Exchange rate used is that of the Year End reported date
As Reported Quarterly Income Statement
Report Date 06/30/2022 03/31/2022 09/30/2021 06/30/2021 03/31/2021 09/30/2020 06/30/2020 03/31/2020
2nd Quarter 1st Quarter 3rd Quarter 2nd Quarter 1st Quarter 3rd Quarter 2nd Quarter 1st Quarter
Currency USD USD USD USD USD USD USD USD
Audit Status Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited
Consolidated Yes Yes Yes Yes Yes Yes Yes Yes
Scale Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands
Revenues – automotive sales 13670000 15514000 11672000 9874000 8705000 7346000 4911000 4893000
Revenues – automotive regulatory credits 344000 679000 – – – – – –
Revenues – automotive leasing 588000 668000 385000 332000 297000 265000 268000 239000
Total automotive revenues 14602000 16861000 12057000 10206000 9002000 7611000 5179000 5132000
Energy generation & storage 866000 616000 806000 801000 494000 579000 370000 293000
Services & other revenues 1466000 1279000 894000 951000 893000 581000 487000 560000
Total revenues 16934000 18756000 13757000 11958000 10389000 8771000 6036000 5985000
Cost of revenues – automotive sales 10153000 10914000 8150000 7119000 6457000 5361000 3714000 3699000
Cost of revenues – automotive leasing 368000 408000 234000 188000 160000 145000 148000 122000
Total automotive cost of revenues 10521000 11322000 8384000 7307000 6617000 5506000 3862000 3821000
Cost of energy generation & storage 769000 688000 803000 781000 595000 558000 349000 282000
Cost of services & other cost of revenues 1410000 1286000 910000 986000 962000 644000 558000 648000
Total cost of revenues 12700000 13296000 10097000 9074000 8174000 6708000 4769000 4751000
Gross profit (loss) 4234000 5460000 3660000 2884000 2215000 2063000 1267000 1234000
Research & development 667000 865000 611000 576000 666000 366000 279000 324000
Selling, general & administrative 961000 992000 994000 973000 1056000 888000 661000 627000
Restructuring & other expenses 142000 – 51000 23000 -101000 – – –
Total operating expenses 1770000 1857000 1656000 1572000 1621000 1254000 940000 951000
Income (loss) from operations 2464000 3603000 2004000 1312000 594000 809000 327000 283000
Interest income 26000 28000 10000 11000 10000 6000 8000 10000
Interest expense 44000 61000 126000 75000 99000 163000 170000 169000
Other income (expense), net 28000 56000 -6000 45000 28000 -97000 -15000 -54000
Income (loss) before income taxes 2474000 3626000 1882000 1293000 533000 555000 150000 70000
Provision (benefit) for income taxes 205000 346000 223000 115000 69000 186000 21000 2000
Net income (loss) 2269000 3280000 1659000 1178000 464000 369000 129000 68000
Net income (loss) attributable to noncontrolling interests & redeemable noncontrolling interests in subsidiaries -10000 38000 -41000 -36000 -26000 -38000 -25000 -52000
Net income (loss) attributable to common stockholders 2259000 3318000 1618000 1142000 438000 331000 104000 16000
Less: Buy-out of noncontrolling interest – 5000 – – – – – –
Net income used in computing net income per share of common stock – 3313000 1618000 – – – – –
Weighted average shares outstanding – basic 3111000 3102000 2994000 2913000 2883000 2811000 2790000 2745000
Weighted average shares outstanding – diluted 3465000 3471000 3369000 3357000 3399000 3315000 3105000 2985000
Year end shares outstanding 3123000 3108000 3012000 2952000 2889000 2844000 2790000 2775000
Net income (loss) per share – basic 0.727 1.067 0.54 0.393 0.153 0.107 0.037 0.006
Net income (loss) per share – diluted 0.65 0.953 0.48 0.34 0.13 0.09 0.033 0.005

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asreported

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Tesla Inc (NMS: TSLA)
Exchange rate used is that of the Year End reported date
As Reported Quarterly Cash Flow
Report Date 06/30/2022 03/31/2022 09/30/2021 06/30/2021 03/31/2021 09/30/2020 06/30/2020 03/31/2020
2nd Quarter 1st Quarter 3rd Quarter 2nd Quarter 1st Quarter 3rd Quarter 2nd Quarter 1st Quarter
Currency USD USD USD USD USD USD USD USD
Audit Status Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited
Consolidated Yes Yes Yes Yes Yes Yes Yes Yes
Scale Thousands Thousands Thousands Thousands Thousands

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