acct powerpoint project 494400

Boston Beer Company – by Michael J. Motes, CPA The following are the six years of selected data that will be used in reviewing Boston Beer Company trends: Boston Beer Co. Selected Financial Data Dollars in thousands 2011 2010 2009 2008 2007 2006 Net Sales $513,000 $463,798 $415,053 $398,400 $341,647 $285,431 Cost of Goods Sold 228,433 207,471 201,235 214,513 152,288 121,155 Operating Expenses: Advertising & Selling Expenses $157,261 $135,737 $121,560 $132,901 $124,457 $113,669 General & Admin Expenses 43,485 39,112 36,938 34,988 24,574 22,657 Other (19,834) 300 1,049 1,936 3,443 0 Total Operating Expenses 180,912 175,149 159,547 169,825 152,474 136,326 Income form Operations $103,655 $81,178 $54,271 $14,062 $36,885 $27,950 Other Revenue(Expenses) (155) (70) 96 1,778 4,759 3,816 Income Taxes 37,441 30,966 23,249 7,752 19,153 13,574 Net Income $66,059 $50,142 $31,118 $8,088 $22,491 $18,192 (Note 1) (Note 1) (Note 2) (Note 2) (Note 3) (Note 3) Note 1: 2011 Annual Report, 23, 36, 37, 39 & 47 Note 2: 2009 Annual Report, 39, 40 & 51 Note 3: 2007 Annual Report, 37, 38 & 48 Boston Beer Company – by Michael J. Motes, CPA Boston Beer Co. Selected Financial Data Dollars in thousands 2011 2010 2009 2008 2007 2006 Current Assets: $125,723 $112,004 $113,030 $68,854 $135,793 $120,562 Plant, Property & Equipment (net) 143,586 142,889 147,021 147,920 46,198 30,699 Other Assets 1,802 2,260 1,508 1,606 12,487 1,837 Intangible Assets 1,377 1,377 1,377 1,377 1,377 1,377 Total Assets $272,488 $258,530 $262,936 $219,757 $195,855 $154,475 Current Liabilities $67,049 $72,199 $73,786 $67,057 $58,057 $40,870 Long Term Liabilities 20,694 20,743 15,995 12,672 4,210 5,016 Total Liabilities $87,743 $92,942 $89,781 $79,729 $62,267 $45,886 Stockholders’ Equity 184,745 165,588 173,155 140,028 133,588 108,589 Total Liabilities & Equity $272,488 $258,530 $262,936 $219,757 $195,855 $154,475 (Note 1) (Note 1) (Note 2) (Note 2) (Note 3) (Note 3) Note 1: 2011 Annual Report, 23, 36, 37, 39 & 47 Note 2:…