Round: 8 C58078_058 Dec. 31 2021 Andrews Baldwin Chester dana battle Elise Bennett Amy Kettner Tammie Tuttle Digby Erie Ferris Selected Financial Statistics ROS Andrews Baldwin Chester Digby Erie Ferris 7.3% 9.9% 12.9% 8.1% 12.1% 6.1% Asset Turnover 1.55 1.02 1.28 1.22 0.77 1.22 ROA 11.4% 10.2% 16.6% 9.9% 9.4% 7.5% Leverage 2.0 1.9 1.9 1.9 1.9 1.9 (Assets/Equity) ROE 23.0% 19.7% 31.3% 19.1% 18.0% 14.5% Emergency Loan $0 $0 $0 $0 $0 $0 Sales $273 924 958 $228 380 078 $231 403 174 $401 321 183 $188 322 792 $230 583 958 EBIT $41 717 009 $48 621 159 $56 687 718 $69 832 882 $50 773 768 $32 785 485 Profits $20 080 623 $22 678 280 $29 820 200 $32 612 994 $22 865 269 $14 124 215 Cumulative Profit $43 742 038 $89 943 688 $80 579 224 $107 971 125 $90 754 879 $56 110 275 SG&A / Sales 10.3% 8.6% 10.9% 8.1% 8.3% 9.8% Contrib. Margin % 31.5% 39.4% 43.3% 31.5% 48.8% 31.5% CAPSTONE® COURIER Page 1 .0/msohtmlclip1/01/clip_image002.jpg”>.0/msohtmlclip1/01/clip_image004.jpg”> Stock & Bonds C58078_058 Round: 8 Dec. 31 2021 Stock Market Summary Company Close Change Shares MarketCap Book Value EPS Dividend Yield P/E ($M) Andrews $83.80 $7.46 2 351 159 $197 $37.19 $8.54 $0.00 0.0% 9.8 Baldwin $96.72 $18.66 2 483 452 $240 $46.41 $9.13 $13.00 13.4% 10.6 Chester $110.18 $46.28 2 283 170 $252 $41.77 $13.06 $14.05 12.8% 8.4 Digby $120.71 $24.56 2 686 320 $324 $63.60 $12.14 $7.40 6.1% 9.9 Erie $95.95 $9.18 2 458 095 $236 $51.81 $9.30 $6.43 6.7% 10.3 Ferris $65.83 $18.97 2 588 136 $170 $37.58 $5.46 $7.06 10.7% 12.1 Bond Market Summary Company Series# Face Yield Close$ S&P Company Series# Face Yield Close$ S&P Andrews 11.3S2024 $3 500 000 12.4% 90.91 B Digby 12.9S2027 $10 116 528 14.0% 92.05 B 12.7S2025 $12 000 000 13.7% 92.62 B 13.6S2028 $10 596 313 14.4% 94.17 B 13.8S2026 $28 000 000 14.5% 95.01 B 13.9S2029 $35 097 855 14.6% 95.06 B Baldwin 14.7S2027 $13 927 000 15.0% 97.75 B Erie 14.5S2030 $32 443 556 14.9% 97.61 B 12.7S2027 $13 160 326 14.0% 90.94 B 12.9S2027 $14 978 716 14.0% 92.05 B 13.7S2028 $10 949 390 14.5% 94.19 B 13.7S2028 $6 507 190 14.5% 94.59 B 13.6S2029 $33 047 125 14.6% 93.29 B 13.5S2029 $31 153 373 14.5% 93.27 B Chester 14.8S2030 $8 011 238 15.0% 98.57 B Ferris 14.5S2030 $31 400 352 14.9% 97.61 B 12.8S2027 $7 006 707 13.9% 92.03 B 12.8S2027 $2 839 428 14.0% 91.32 B 13.6S2028 $6 995 903 14.4% 94.58 B 13.5S2028 $13 094 548 14.5% 93.36 B 14.0S2029 $26 329 990 14.6% 95.95 B 13.9S2029 $30 934 619 14.7% 94.63 B Next Year’s Prime Rate 11.00% CAPSTONE® COURIER Page 2 .0/msohtmlclip1/01/clip_image006.jpg”>.0/msohtmlclip1/01/clip_image008.jpg”> Financial Summary C58078_058 Round: 8 Dec. 31 2021 Cash Flow Statement Survey Andrews Baldwin Chester Digby Erie Ferris CashFlows from operating activities Net Income(Loss) $20 081 $22 678 $29 820 $32 613 $22 865 $14 124 Adjustment for non-cash items: Depreciation $12 976 $17 553 $13 867 $21 359 $20 731 $12 740 Extraordinary gains/losses/writeoffs $0 ($722) ($534) ($913) ($1 066) ($359) Changes in current assets and liablilities Acounts payable $2 275 ($980) $1 265 $2 224 $634 $1 395 Inventory ($25 774) ($831) ($1 565) ($1 728) ($1 265) $2 867 Accounts Receivable ($994) ($186) ($2 883) ($4 294) ($2 147) ($3 258) Net cash from operations $8 564 $37 513 $39 969 $49 261 $39 753 $27 510 Cash flows from investing activities Plant improvements(net) ($9 000) $0 $0 $0 $0 $0 Cash flows from financing activities Dividends paid $0 ($32 297) ($32 086) ($19 887) ($15 794) ($18 260) Sales of common stock $0 $0 $0 $0 $0 $0 Purchase of common stock ($9 447) $0 $0 $0 ($813) $0 Cash from long term debt issued $0 $0 $0 $0 $0 $0 Early retirement of long term debt $0 ($8 297) ($7 850) ($8 557) ($10 076) ($4 377) Retirement of current debt ($11 000) ($30 415) ($24 009) ($47 264) ($29 864) ($31 797) Cash from current debt borrowing $17 500 $31 575 $33 641 $46 711 $24 236 $31 677 Cash from emergency loan $0 $0 $0 $0 $0 $0 Net cash from financing activities ($2 947) ($39 433) ($30 304) ($28 996) ($32 311) ($22 757) Net change in cash position ($3 382) ($1 919) $9 665 $20 264 $7 441 $4 753 Balance Sheet Survey Andrews Baldwin Chester Digby Erie Ferris Cash $28 018 $46 566 $52 599 $78 969 $38 961 $39 661 Accounts Receivable $26 267 $18 771 $19 019 $32 985 $15 479 $18 952 Inventory $37 119 $20 023 $16 323 $29 230 $14 400 $24 290 Total Current Assets $91 404 $85 360 $87 941 $141 185 $68 840 $82 903 Plant and equipment $194 640 $263 300 $208 000 $320 380 $310 972 $191 100 Accumulated Depreciation ($109 357) ($125 400) ($115 860) ($133 297) ($136 310) ($85 680) Total Fixed Assets $85 283 $137 900 $92 140 $187 083 $174 662 $105 420 Total Assets $176 687 $223 260 $180 081 $328 267 $243 502 $188 323 Account Payable $14 321 $11 251 $10 751 $22 440 $7 883 $12 508 CurrentDebt $17 500 $31 575 $33 641 $46 711 $24 236 $31 677 Long Term Debt $57 427 $65 168 $40 333 $88 254 $84 040 $46 869 Total Liabilities $89 248 $107 995 $84 725 $157 405 $116 159 $91 053 Common Stock $25 143 $43 358 $30 000 $60 506 $37 047 $48 651 Retained Earnings $62 296 $71 907 $65 357 $110 356 $90 297 $48 620 Total Equity $87 439 $115 265 $95 357 $170 862 $127 343 $97 270 Total Liabilities & Owners” Equity $176 687 $223 260 $180 081 $328 267 $243 502 $188 323 Income Statement Survey Andrews Baldwin Chester Digby Erie Ferris Sales $273 925 $228 380 $231 403 $401 321 $188 323 $230 584 Variable Costs(Labor Material Carry) $187 762 $138 462 $131 196 $274 797 $96 378 $157 958 Depreciation $12 976 $17 553 $13 867 $21 359 $20 731 $12 740 SGA(R&D Promo Sales Admin) $28 328 $19 590 $25 319 $32 367 $15 663 $22 644 Other(Fees Writeoffs TQM Bonuses) $3 142 $4 153 $4 333 $2 965 $4 777 $4 457 EBIT $41 717 $48 621 $56 688 $69 833 $50 774 $32 785 Interest(Short term Long term) $10 193 $13 019 $9 874 $18 635 $14 879 $10 612 Taxes $11 033 $12 461 $16 385 $17 919 $12 563 $7 761 Profit Sharing $410 $463 $609 $666 $467 $288 Net Profit $20 081 $22 678 $29 820 $32 613 $22 865 $14 124 CAPSTONE® COURIER Page 3 .0/msohtmlclip1/01/clip_image006.jpg”> .0/msohtmlclip1/01/clip_image010.gif”>Production Analysis C58078_058 Round: 8
