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0 FINANCIAL REPORT
OPERATING EXPENSES
Depreciation/amortization 44 36 56
OPERATIONS
Net income 113 2,516 1,814
Depreciation/depletion 1,539 1,462 1,266
Non-Cash items 1,528 1,689 1,151
Cash taxes paid, supplemental 780 697 1,013
Cash interest paid, supplemental 119 163 186
Changes in working capital (804) (882) (901)
Total cash from operations 2,376 4,785 3,330
INVESTING
Capital expenditures (1819) (697) (710)
Other investing and cash flow items, total (3637) 80 (349)
Total cash from investing (5456) (617) (1059)
FINANCING
Financing cash flow items (162) (182) (139)
Total cash dividends paid (1730) (1753) (1748)
Issuance (retirement) of stock, net -- -- 0
Issuance (retirement) of debt, net 1,834 (1184) (583)
Total cash from financing (58) (3119) (2470)
NET CHANGE IN CASH
Foreign exchange effects (8) (4) 0
Net change in cash (3146) 1,045 (199)
Net cash-begin balance/reserved for future use 3,268 2,223 2,422
Net cash-end balance/reserved for future use 122 3,268 2,223
SUPPLEMENTAL INCOME
Depreciation, supplemental 1,539 1,462 1,266
Cash interest paid, supplemental 119 163 186
Cash taxes paid, supplemental 780 697 1,013
ASSETS
Cash And Short Term Investments 122 3,268 2,223
Total Receivables, Net 595 478 453
Total Inventory 170 247 192
Prepaid expenses -- -- 22
Other current assets, total 192 49 5.00
Total current assets 1,079 4,042 2,895
Property, plant & equipment, net 21,840 18,881 19,633
Goodwill, net -- -- --
Intangibles, net -- -- --
Long term investments 30 30 4.00
Note receivable - long term 80 63 --
Other long term assets 27 14 38
Total assets 23,839 24,082 23,770
LIABILITIES
Accounts payable 283 286 216
Accrued expenses 151 162 179
Notes payable/short-term debt 0 0 0
Current portion long-term debt/capital leases 78 631 1,187
Other current liabilities, total 792 862 782
This ratio measure overall performance of the company because this ratio focus
on the availability of short term such as cash and other liquid asset to pay short
term obligation.
I. Current ratio
The ratio decreased from year to year from 1.22 to 0.83 times which is indicate
that Woodside company has exactly enough cash to pay off its debt but the
higher current ratio is more better for company can successfully pay off its debt
while at the same times still has cash left over to continue operating.
I. Debt ratio
The debt ratio in 2013 was 0.33. Its going down at 2014 with 0.31 and the ratio
keeping decreased to 0.37 at 2015. Higher ratio indicates higher financial risk
and vice versa. This ratio indicates the company has a higher ability to pay
its debt with lower possibility of bankruptcy.
These ratios are used to measure the efficiency and effectiveness of the
company to manage their assets.
This figure explained that the company ratio high from year 2013 until 2015,
thats means Woodside Petroleum Ltd has a lower the sale.
The fixed asset turnover is used to measures a companys ability to generate net
sales from fixed-asset investment. Based on the ratio, a higher fixed asset
turnover ratio show the company has been more effective in using the
investment to generate revenues.
The total asset turnover is used to measure a companys efficiency at using its
assets in generating sales and revenue. Total asset turnover ratio above show
the ratio is fluctuating thats mean the company has been more effective in
using the investment to generate revenues.
8.4 Profitability Ratio
It relate to the companys ability to increase the profit in satisfying and achieving
the goals and objective of maximizing the shareholder wealth.