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Balance Sheet Data Acorda Ther

Year A / P	2012 Actual	2013 Actual	2014 Actual	2015 Actual	2016 Actual	2017 Projected	2018 Projected	2019 Projected	2020 Projected	2021 Projected
Cash	308	353	159	307	446	324	341	360	379	399
Cash (%)
AccountReceivable	32	31	52	81	23	43	45	47	50	53
AccountReceivable (%)
Inventories	27	36	43	38	29	35	37	39	41	43
Inventories (%)
PrepaidExpenses	16	16	13	13	19	16	17	18	19	20
PrepaidExpenses (%)
AccountsPayable	20	17	30	31	49	30	31	33	35	37
AccountsPayable (%)
AccruedLiabilities	41	49	84	84	55	62	65	69	73	77
AccruedLiabilities (%)
CapitalExpenditure	-484	-7	-274	-14	-34	-183	-193	-204	-214	-226
CapitalExpenditure (%)

Year A / P	2012 Actual	2013 Actual	2014 Actual	2015 Actual	2016 Actual
Cash	308	353	159	307	446
Cash (%)
AccountReceivable	32	31	52	81	23
AccountReceivable (%)
Inventories	27	36	43	38	29
Inventories (%)
PrepaidExpenses	16	16	13	13	19
PrepaidExpenses (%)
AccountsPayable	20	17	30	31	49
AccountsPayable (%)
AccruedLiabilities	41	49	84	84	55
AccruedLiabilities (%)
CapitalExpenditure	-484	-7	-274	-14	-34
CapitalExpenditure (%)

Year A / P	2017 Projected	2018 Projected	2019 Projected	2020 Projected	2021 Projected
Cash	324	341	360	379	399
Cash (%)
AccountReceivable	43	45	47	50	53
AccountReceivable (%)
Inventories	35	37	39	41	43
Inventories (%)
PrepaidExpenses	16	17	18	19	20
PrepaidExpenses (%)
AccountsPayable	30	31	33	35	37
AccountsPayable (%)
AccruedLiabilities	62	65	69	73	77
AccruedLiabilities (%)
CapitalExpenditure	-183	-193	-204	-214	-226
CapitalExpenditure (%)

To support growth, companies need to keep investing in capital items – including property, plants and equipment. To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement). Working capital refers to the cash a company needs for day-to-day operations. The faster a company expands, the more cash it will need. To calculate working capital, we take current assets and subtract current liabilities. You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.

Financial Modeling Prep is a new concept that informs you about stock markets information (news, currencies and stock prices). We always strive to give you the best and most updated information. We also gives you free financial modeling methodology through our academy. Most investment banking firms follow our guidelines to get discounted cash flow statement of companies to see if they are undervalued, overvalued or simply at par value. You can find all financial models and valuation techniques that is used in corporate finance to get companies intrinsic valuation. Most private equity firm use financial modeling for decision making when it comes to hold, buy or sell a particular stock.