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Grove Analytics Income Statement (1)

Grove Analytics reported a net income of $93 million for the year ending December 31, 2018, with total revenue of $230 million and operating profit of $129 million. The balance sheet shows total assets of $83 million and total liabilities and equity of $188 million as of December 31, 2018. Notable changes include an increase in retained earnings from $44 million in 2017 to $95 million in 2018.

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21 views

Grove Analytics Income Statement (1)

Grove Analytics reported a net income of $93 million for the year ending December 31, 2018, with total revenue of $230 million and operating profit of $129 million. The balance sheet shows total assets of $83 million and total liabilities and equity of $188 million as of December 31, 2018. Notable changes include an increase in retained earnings from $44 million in 2017 to $95 million in 2018.

Uploaded by

ASGK
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Below is income statement and balance sheet data for Grove Analytics.

($ in millions)
Income statement
12/31/2018
Revenue 230
Operating expenses 68
Depreciation 20
Stock based compensation 13
Operating profit 129
Interest expense 5
Taxes 31
Net income 93

Balance sheet
12/31/2017 12/31/2018
Cash 50 Not provided
Accounts receivable 20 25
Inventory 15 18
PP&E 30 40
Total assets 115 83

Accounts payable 8 11
Short term debt 20 22
Long term debt 48 60

Treasury stock (30) (40)


Common stock & APIC 25 40
Retained earnings 44 95
Total liabilities & equity 115 188

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