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The Health Of Krispy Kreme Essay

1098 words - 4 pages

PAGE PAGE 6 The health
The health of Krispy KremeDawn PattenACC/226 Managerial Accounting11/25/07The health of Krispy KremeThere are five different analyses used to determine the health of a Krispy Kreme such as depreciation analysis, company stock analysis, cash flow statement analysis, income statement trend analysis, and management analysis. With using these five analyses we will look at the financial health of Krispy Kreme Doughnuts, Inc through selected financial statement information from the year 2001 to 2003.Krispy Kreme uses the straight line method when depreciating their property, plant, and equipment over an estimated useful life. As of February 2, 2003 and February 3, 2002 they have approximately 50% of their property, plant, and equipment left to be depreciated. The building is estimated between 15 to 35 years and the machinery and equipment is estimated between 3 to 15 years by averaging lesser then the useful lives of the assets or lease term.Their Intangible assets are no longer amortized since the Financial Accounting Board issued new standards that took effect on June 30, 2001, but if they were purchased before this date they are reviewed annually for impairment. At the end of the fiscal year in 2002, Krispy Kreme recorded an expense to amortize their intangible assets related to a purchase before June 30, 2001. They also completed an impairment analyses on its intangible assets for year end February 2, 2003 and had no instances of impairment.Krispy Kreme's property and equipment net went from $112,577 to $202,558, which increased by $89,981 by the ended February 2, 2003, but only $83,196 through investment activities. With a total asset turnover of 1.20% which is $491,540 / $410,487 for year ended February 2, 2003.Krispy Kreme issued 10,000 shares with a no par value preferred stocks in 2001 with none in 2002 and 2003. In 2002 they decided to issue 100,000 share of common stock with a no par value with 54,271 shares outstanding, and then issued 300,000 more shares with 56,295 outstanding. Plus they had a book value on their entire common stock of $4.86 at the year ended February 2, 2003, and paid no cash dividends in 2002 and 2003 with a total of $23,203 in 2003 and $21904 in 2002 in financing activities. Krispy Kreme's EPS has increase steadily each year of 10% on the dollar from 2001 to 2003. Not only does Krispy Kreme have preferred and common stocks but they also have treasury stocks.Krispy Kreme's uses the indirect method for their cash flow statements that reflects all the changes in their assets, liabilities and investment activities. At the bottom of the cash flow statement are notes reflect non-cash flow activities in issuing stocks, unrealized gains (loss) on investments, profit sharing, stocks exchange for services, and stocks in exchange for employee note receivable.Each year Krispy Kreme's cash provided by operating activities increase, but only paid out $7005 to dividends in 2001. They had several changes in...

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