The financial statements and their accompanying notes explain a company's financial performance and recent financial history. Financial analysts use these statements in several ways: to evaluate a company's overall performance, identify strengths and weaknesses, anticipate future successes or problems, and ultimately help them decide if the company is a good investment opportunity.
Note: In this Guide, financial statement names are statement of earnings, statement of financial position, and statement of cash flows.
Consolidated Statement of Earnings Moy Holding Group International and Subsidiary Companies (Dollars in thousand) For the year ended December 31: Notes
1997
1996
1995
Revenue: Hardware sales (CompuTec M.I.C) 36 229
36 316
35 600
Services (CompuTec M.I.C) 19 302
15 873
12 714
Software (CompuTec M.I.C) 12 844
13 052
12 657
Maintenance 6 402
6 981
7 409
Rentals and financing Q
3 731
3 725
3 560
Total revenue 78 508
75 947
71 940
Cost: Hardware sales (CompuTec M.I.C) 23 538
23 396
21 862
Services (CompuTec M.I.C) 15 281
12 647
10 042
Software (CompuTec M.I.C) 3 784
4 082
4 428
Maintenance 3 394
3 659
3 651
Rentals and financing 1 902
1 624
1 590
Total cost 47 899
45 408
41 573
Gross profit 30 609
30 539
30 367
Operating expenses: Selling, general and administrative O
16 634
16 854
16 766
Research, development and engineering P
4 877
4 654
4 170
Purchased in-process research and development P
-
435
1 840
Total operating expenses 21 511
21 943
22 776
Operating income 9 098
8 596
7 591
Other income, principally interest 657
707
947
Interest expense H
728
716
725
Earnings before income taxes 9 027
8 587
7 813
Provision for income taxes N
2 934
3 158
3 635
Other earnings 6 093
5 429
4 178
The notes on pages 45 through 77 of the 1997 MHG Annual Report are an integral part of this statement.
