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Volkswagen and Mercedes Benz - Essay Example

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Volkswagen & Mercedes-Benz Volkswagen Introduction Volkswagen is the largest manufacturer of cars in Europe having 62 production plants in fifteen European countries besides having 7 production plants in other continents. The company employs 400,000 people to produce about 30,000 vehicles each day and markets its vehicle in 153 countries…
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Volkswagen and Mercedes Benz
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Download file to see previous pages For the third quarter the company posted net profit of €7.146 billion which is three times higher than the profit figure in the same quarter of the last year. The astounding company results are attributed to its investment in new products, manufacturing operations in the emerging markets like China. The company plans to invest heavily in developing markets simultaneously consolidating its position in developed regions such as Europe and Americas. (IHS global 2011) The following table represents year wise consolidated income statement of the company. Figures in Millions of Euros Items Dec 31, 2007 Dec 31, 2008 Dec 31, 2009 Dec 31, 2010 Total Revenues 108,897.0 113,808.0 105,187.0 126,875.0 Cost of Goods Sold 83,593.0 87,862.0 81,899.0 94,050.0 Gross Profit 16,399.0 16,250.0 12,733.0 20,742.0 Operating Expenses, Total 10,142.0 11,431.0 12,648.0 13,868.0 Operating Income 6,257.0 4,819.0 85.0 6,874.0 Net Interest Expense 413.0 344.0 -781.0 -626.0 EBT, Excluding Unusual Items 7,665.0 6,688.0 863.0 7,956.0 Income Tax Expense 2,421.0 1,920.0 349.0 1,767.0 Net Income 4,120.0 4,753.0 960.0 6,835.0 Source: http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=VOW:GR Balance Sheet of Volkswagen Figures in Millions of Euros Assets Dec 31, 2007 Dec 31, 2008 Dec 31, 2009 Dec 31, 2010 Total Cash And Short Term Investments 15,638.0 11,394.0 21,890.0 22,794.0 Total Receivables 8,902.0 11,372.0 10,871.0 12,811.0 Total Current Assets 68,516.0 76,163.0 77,776.0 85,936.0 Plant And Equipment 25,689.0 30,030.0 31,745.0 34,550.0 Total Assets 145,357.0 167,919.0 177,178.0 199,393.0 Figures in Millions of Euros Liabilities Dec 31, 2007 Dec 31, 2008 Dec 31, 2009 Dec 31, 2010 Accounts Payable 8,202.0 9,085.0 9,734.0 11,628.0 Other Current Liabilities, Total 14,620.0 15,330.0 14,911.0 17,043.0 Total Current Liabilities 56,068.0 64,802.0 69,534.0 76,899.0 Long-Term Debt 3,645.0 2,240.0 9,272.0 8,989.0 Pension & Other Post-Retirement Benefits 12,481.0 12,829.0 13,793.0 15,265.0 Deferred Tax Liability Non-Current 2,637.0 3,654.0 2,224.0 1,669.0 Other Non-Current Liabilities 12,775.0 15,863.0 17,061.0 19,522.0 Total Liabilities 113,419.0 130,531.0 139,748.0 150,681.0 Total Common Equity 31,875.0 35,011.0 35,281.0 45,978.0 Total Liabilities & Equity 145,357.0 167,919.0 177,178.0 199,393.0 Source: http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=VOW:GR&dataset=balanceSheet&period=A¤cy=native Cash Flow Statement (Figures in Millions of Euros) Details Dec 31, 2007 Dec 31, 2008 Dec 31, 2009 Dec 31, 2010 Net Income 4,120.0 4,753.0 960.0 6,835.0 Depreciation & Amortization, Total 6,427.0 6,738.0 4,900.0 5,058.0 Cash From Operations 15,662.0 2,702.0 12,741.0 11,455.0 Cash From Investing -15,812.0 -11,183.0 -9,675.0 -11,048.0 Total Debt Issued 9,609.0 17,477.0 16,998.0 7,910.0 Total Debt Repaid -8,524.0 -8,485.0 -10,225.0 -12,069.0 Total Dividend Paid -497.0 -720.0 -779.0 -755.0 Cash From Financing 787.0 8,123.0 5,536.0 -852.0 Net Change in Cash 547.0 -471.0 8,792.0 -8.0 Source: http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=VOW:GR&dataset=cashFlow&period=A¤cy=native Financial Analysis It will be interesting to analyze the company’s financials from stakeholder’s point of view as the company’s progress in last few years has been exemplary and how the stakeholders can see the Key ...Download file to see next pagesRead More
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