CASE: Quality of Earnings #2 – Bear Stearns & Co 1. What is Blockbuster's amortization timetable? Do you think it is appropriate? The amortization timetable of Blockbuster is 40 years. In my opinion as an investor's perspective, it is not appropriate because of this is not as per the SEC standard of 5-7 years. 2. What would be the impact on Blockbuster's 1988 earnings per share if 5 amortization were applied to this goodwill? If the 5-year amortization were applied in its place of
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1) What is Blockbuster's amortization timetable? Do you think it is appropriate? | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The guidelines with SEC requirements, BlockBuster's amortization timetable should be for 5-7 years. | | | | | | | | | | | | | | | | | | Solutions The rationale behind this, company's like Blockbuster's who are engaged in sophisticated technologies in times
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Blockbuster Entertainment Corporation. 1. What is Blockbuster's amortization timetable? Do you think it is appropriate? Based on Blockbuster Entertainment Corporation and Subsidiaries consolidated financial statements, the amortization period for intangible assets related to acquired businesses is 40 years on a straight-line basis. There are two areas that are against a 40 years amortization timetable: 1. 25 years term for company franchise agreements, which is less than the amortization
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e., note what numbers you're using). On May 9, 1989, Bear Stearns & Co. issued a report on Blockbuster Entertainment Corp., which is reproduced in part below. Blockbuster-Entertainment (Ticker symbol: BV, Price per share: $33 ½) increased owned and franchised video stores from 19 at the end of 1986 to 415 at December 31, 1988. In the same period revenue jumped from $7.4 million to $136.9 million. Reported earnings also leaped; from $.34 per share in 1986 to $.57 per share in 1988. The stock
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working harder than ever to energize the brands, optimize operations, expand our market share and create value for our shareholders. Look closely at our businesses, and you will see our winning strategies in action in ways both large and small. 01 In challenging times, the best brands 02 To our DineEquity family of shareholders: It has been said that, in difficult times, leaders lead. 2009 was such a year, and I am proud of the many ways that our Applebee’s, IHOP and Shared Services
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2011 ANNUAL REPORT Directors, Officers, Corporate Information Board of Directors Nelson Peltz 2,4,6 Chairman, The Wendy’s Company Chief Executive Officer and Founding Partner, Trian Fund Management, L.P . Executive Officers Emil J. Brolick President and Chief Executive Officer Corporate Office (Dublin Restaurant Support Center) The Wendy’s Company One Dave Thomas Blvd. Dublin, Ohio 43017 (614) 764-3100 www.aboutwendys.com Stephen E. Hare Senior Vice President and Chief Financial
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- Discontinued operations Earnings before interest and tax (1) Net Profit After Tax Net Loss After tax (1) (2) 2012 NZ $000 2011 NZ $000 Change % 300,609 30,192 19,203 10,128 (27,527) 291,520 65,302 21,877 12,641 (1,876) 3.1% (53.8%) (12.2%) (19.9%) Financial Position at Year End Total equity Total assets Net bank debt Number of stores Australia New Zealand Ireland Total Company operated online markets Pumpkin Patch Charlie & Me Wholesale/ franchise operations Markets in operation
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Annual Report and Form 20-F 2013 InterContinental Davos, Switzerland 1777 It all began in 1777 when William Bass opened a brewery in Burton-on-Trent in the UK. Bass made its move into the hotel industry in 1988, buying Holiday Inn International. By 2003 the business had changed from domestic brewer to international hospitality retailer: InterContinental Hotels Group PLC. 1946 InterContinental® Hotels & Resorts In April 1946 Juan Trippe, the founder of Pan American Airways, had a vision
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HMV Group plc Annual report and accounts 2010 Contents Overview 1 2 4 6 8 Introduction Strategic progress and future focus Market overview Chairman’s statement Business review The basics Inspirational brands HMV and Waterstone’s are renowned for their specialist appeal, offering the widest ranges of entertainment and books in their markets. Our stores and the people who work in them strive to be always passionate and inspirational about the products we sell, and provide great service and
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08 07 0 489 441 377 434 489 426 354 Revenue by channel in 2010/11 Retail 64% Wholesale 29% Licensing 7% 4 Adjusted operating profit (Year to March) £301.1m 11 10 10* 09 08 07 Adjusted operating profit is stated before exceptional items Reported operating profit £302.1m (2010: £216.5m) 0.000000 301.100006 301.1 219.9 219.9 180.8 206.2 185.1 Net cash/(debt) (As at 31 March 2011) £297.9m 11 10 09 08 07 0.000000 297.899994 297.9 262.0 7.6 (64.2) (2.8) Adjusted diluted
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