Advantage Sales and Marketing



Financials

Consolidated Statement of Financial Condition

Assets

2007

2008

2009

2010

2011

Cash and cash equivalents

$ 2,531,488

2,658,062

2,790,966

2,930,514

3,077,039

Swap contracts, at fair value

$ 2,453,774

2,576,463

2,705,286

2,840,550

2,982,578

Interest and principal receivable

$ 132,501

139,126

146,082

153,386

161,056

Other receivables

$ 177,047

185,899

195,194

204,954

215,202

Total assets

$ 30,635,111

32,166,867

33,775,210

35,463,970

37,237,169

 

 

Liabilities and Member's Equity

 

Senior loan payable, at fair value

$ 25,683,812

26,968,003

28,316,403

29,732,223

31,218,834

Subordinated loan payable, at fair value

- -

-

-

-

Cash collateral on swap contracts

$ 2,571,684

2,700,268

2,835,282

2,977,046

3,125,898

Payable for investments purchased

$ 2,368,738

2,487,175

2,611,534

2,742,110

2,879,216

Other liabilities and accrued expenses

$ 10,877

11,421

11,992

12,591

13,221

Total liabilities and member's equity

$ 30,635,111

32,166,867

33,775,210

35,463,970

37,237,169

Member's equity share ($10 par value, 1 share issued and outstanding)

- -

-

-

-

 

Total liabilities and member's equity

$ 30,635,111

32,166,867

33,775,210

35,463,970

37,237,169

The consolidation statement of financial condition is showing the strengths and weakness of the company Advantage Sales and Marketing. The strengths are can be seen by looking at the Assets side of the Balance Sheet and the weakness can be determined by looking at the Liabilities portion. Company is having strong assets and earning good from its operating activities but its debt to equity ratio is high which not a good indication is.

Consolidated Statement of Income

2007

2008

2009

2010

2011

Operating Income:

 

 

 

 

 

Interest income

$1,560,868

$1,638,911

$1,720,857

$1,806,900

$1,897,245

Realized gains on investments and swap contracts, net

$36,626

$38,457

$40,380

$42,399

$44,519

Total operating income

$1,597,494

$1,677,369

$1,761,237

$1,849,299

$1,941,764

 

 

Expenses:

 

Loan interest expense

$305,035

$320,287

$336,301

$353,116

$370,772

Other interest expense

$294,591

$309,321

$324,787

$341,026

$358,077

Professional fees

$54,134

$56,841

$59,683

$62,667

$65,800

Total expenses

$653,760

$686,448

$720,770

$756,809

$794,649

 

 

Total net operating income

$943,734

$990,921

$1,040,467

$1,092,490

$1,147,115

 

 

Non-operating income:

 

Unrealized gains on loans payable

$4,590,755

$4,820,293

$5,061,307

$5,314,373

$5,580,091

 

 

Total non-operating income

$4,590,755

$4,820,293

$5,061,307

$5,314,373

$5,580,091

 

 

Net Income

$5,534,489

$5,811,213

$6,101,774

$6,406,863

$6,727,206

Consolidated Statement of Income shows that what are the sales and earnings of the company. Advantage sales and marketing is increasing sales every years and its profit margin is also increasing. Company is trying to maintain the ...