Luke Bolanos

Justin Holt
10/1/2013

Financial Statements and Ratios

Escalade Inc. Income Statement
12 Months Ended

Consolidated Statements of Operations (USD $)

In Thousands, except Per Share data, unless otherwise specified

Dec. 29, 2012

Dec. 31, 2011

Ratios
Net Sales
Costs, Expenses and Other Income
Cost of products sold
Gross Profit
Selling, administrative and general expenses
Goodwill and intangible asset impairment charges
Amortization
Operating Income (Loss)
Interest expense
Other income
Equity method investment impairment
Income (Loss) Before Income Taxes
Provision for Income Taxes

147,589.00

134,250.00

Liquidity Ratios

103,174.00

92,541.00

Current Ratio
Quick Ratio

44,415.00

41,709.00

31,370.00

35,942.00

13,384.00

2,246.00

1,596.00

(2,585.00) $

4,171.00

Net Income (Loss)

$
$

(602.00)

3,031.00

(382.00) $

(538.00) $

1.85
1.05

Total Asset Turnover Ratio

Inventory Turnover Ratio

Net sales/average total assets

Cost of goods sold/average inventory

1.05
3.09

1.15
3.44

Total liabilities/Total assets

0.33

0.36

3.31%
5.07%

-3.34%
-6.13%

Leverage Ratios

(693.00)

Debt Ratio

3,397.00
6,875.00

Profitability Ratios

2,434.00

Net Profit Margin

Net income/ Sales or revenues

(4,930.00) $

4,441.00

Return on Equity

Net income/Shareholders equity

4,392.00

Earnings Per Share Data

Basic earnings (loss) per share (in dollars per share)
Diluted earnings (loss) per share (in dollars per share)

($0.37)

$0.35

Market Value Ratios

($0.37)

$0.33

Market Value
Price-to-Earnings Ratio

Price per share of common stock X Number of outstanding shares

Price per share of common stock/Earnings per share

Escalade Inc. Balance Sheet

Consolidated Balance Sheets (USD $)
Dec. 29, 2012

Dec. 31, 2011

In Thousands, unless otherwise specified

Assets
Cash and cash equivalents
Time deposits
Receivables, less allowances of $1,096 and $938
Inventories
Prepaid expenses
Deferred income tax benefit
Prepaid income tax
Total current assets
Property, plant and equipment, net
Intangible assets
Goodwill
Investments
Other assets
Total assets
Liabilities and Stockholders' Equity
Notes payable-bank
Current portion of long-term debt
Trade accounts payable
Accrued liabilities
Income tax payable
Total current liabilities
Long-term debt
Deferred income tax liability
Total liabilities
Commitments and contingencies
Stockholders' equity
Preferred stock Authorized: 1,000,000 shares, no par value, none issued
Common stock Authorized: 30,000,000 shares, no par value Issued and outstanding: 2012 - 13,427,339 shares, 2011 - 12,883,948 shares
Retained earnings
Accumulated other comprehensive income
Total stockholders equity

Total liabilities and stockholders equity

Historical Escalade Inc. Stock Price

$2,544

$3,821

Date Closed: 12/28/12

Date Closed: 12/30/11

5.25

1,200

950

33,496

26,914

30,864

29,035

1,308

1,102

1,553

1,478

846

70,965

64,146

12,281

11,915

12,919

14,064

Prev Close - 09/24/13:

12,017

25,285

Open:

17,487

4.43
Common Stock Outstanding

2012
2011

13,244,000
12,849,000

Current Escalade Inc. Stock Price

2 Year Summary Chart

Escalade Inc. (ESCA) - NasdaqGM

8.47
8.39

14,397

Bid:

8.60 x 2100

71

308

Ask:

8.69 x 1400

125,740

130,115

1y Target Est:

N/A

Beta:

0.7

17,070

14,947

2,000

2,000

Day's Range:

8.39 - 8.69

52wk Range:

4.67 - 8.69

Next Earnings Date:

3,946

3,293

15,274

14,410

19

38,309

34,650

3,500

5,000

P/E (ttm):

3,474

2,900

EPS (ttm):

45,283

42,550

Div & Yield:

13,427

12,884

62,937

71,348

4,093

3,333

80,457

87,565

$125,740

2012
1.85
1.01

Asset Management Ratios

2011
Current assets/Current liabilities
(Current assets-inventory)/current liabilities

$130,115

4-Nov-13

Volume:

11,599

Avg Vol (3m):

12,475

Market Cap:

117.36M
N/A
-0.25
0.36 (4.50%)

Link:

http://finance.yahoo.com/q?s=ESCA

56,921,070.00 $
12.82

69,531,000.00
-14.10

Luke Bolanos
Justin Holt
10/1/2013

Financial Statements and Ratios

Amer Sports Inc. Income Statement
12 Months Ended

Consolidated Income Statement (USD $)

2012

Net Sales
Cost of Goods Sold (Loss)
Gross Profit
License income
Other operating income
R & D expenses (Loss)
Selling and marketing expenses (Loss)
Administrative and other expenses (Loss)
Non-recurring expenses (Loss)
Earnings Before Interest and Taxes
Financing income
Financing expenses (Loss)
Earnings Before Taxes
Taxes (Loss)

############## ####

$
$

Liquidity Ratios

############## ####

(1,572,451,440) $

Ratios

2011

############## ####

Current Ratio
Quick Ratio

(1,437,291,440)

############## ####

10,137,750

8,113,206

(97,592,740) $

7,301,886

Asset Management Ratios

(86,811,307)

Total Asset Turnover Ratio

Inventory Turnover Ratio

(713,427,260)

###################

(240,061,920)

(33,534,586) $

151,040,857

946,190

(41,362,020) $
110,610,046
(32,858,485)

2011

1.59
1.10

1.48
0.97

Net sales/average total assets

Cost of goods sold/average inventory

1.12
3.34

1.02
3.05

Total liabilities/Total assets

0.59

0.54

2.79%
7.58%

4.83%
11.00%

$ 1,333,125,000.00
23.50

$ 1,093,500,000.00
12.60

11,764,149

2012
Current assets/Current liabilities
(Current assets-inventory)/current liabilities

(210,808,143)

Leverage Ratios

Debt Ratio

183,155,350
1,081,360
(28,791,210)

Profitability Ratios

155,445,500

Net Profit Margin

Net income/ Sales or revenues

(32,575,970)

Return on Equity

Net income/Shareholders equity

Net Income

77,722,750

Earnings per share of the net result attributable to equity holders of the parent company
Undiluted
Diluted

0.48

0.71

0.48

0.71

############ ###

Market Value Ratios

Market Value
Price-to-Earnings Ratio

Price per share of common stock X Number of outstanding shares

Price per share of common stock/Earnings per share

Amer Sports Inc. Balance Sheet

Consolidated Balance Sheet (USD $)

Assets
Non-Current assets
Intangible rights
Goodwill
Other intangible assets
Land and water
Building and constructions
Machinery and equipment
Other tangible assets
Advances paid and construction in process
Available-for-sale financial assets
Deferred tax assets
Other non-current receivables
Total Non-Current Assets
Current Assets
Inventories
Receivables
Total Current Assets

2012

Historical Amer Sports Inc. Stock Price

Date Closed: 12/28/12
$

259,120,890

262,635,310

390,776,470

399,697,690

26,628,490

27,304,340

19,599,650

20,410,670

67,585,000

65,557,450

117,868,240

110,028,380

1,757,210

1,892,380

13,381,830

15,409,380

811,020

811,020

141,387,820

129,222,520

1,622,040

4,595,780

############## ####

############## ####

455,117,390

829,267,950

486,206,490
827,105,230

############## ####

############## ####

############## #

############## #

Total Assets
Shareholders' Equity and Liabilities
Shareholders' Equity
Equity attributable to equity holders of the parent company
Non-controlling interests
Total Shareholders' Equity
Liabilities
Bonds
Loans from financial institutions
Pension Loans
Other interest-bearing liabilities

2011

############## ####
$

############## ####

############## ####
$

3,514,420

############## ####

484,314,110

15,274,210

319,136,370
1,216,530

11,624,620

19,329,310

135,170

Deferred tax liabilities

17,572,100

8,650,880

Other interest-free liabilities

Provisions
Total Long-Term Liabilities
Interest-bearing liabilities
Accounts payable
Accrued liabilities
Current tax liabilities
Provisions
Total Current Liabilities

28,926,380

22,032,710

6,217,820

3,919,930

563,929,240

374,420,900

268,447,620

296,022,300

260,742,930

270,745,510

325,624,530

324,813,510

15,950,060

57,041,740

39,875,150

927,806,880

961,869,720

Total Liabilities
Total Shareholders' Equity and Liabilities

1,491,736,120

1,336,290,620

2,517,541,250

2,457,390,600

30,413,250

11.25

Date Closed: 12/30/11

9
Common Stock Outstanding

2012
2011

118,500,000
121,500,000