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IFS - Simple Three Statement Model

The document shows financial statements for a company over 7 years. It includes an income statement with line items for revenue, cost of goods sold, operating expenses, operating income, taxes, and net income. Revenue grows 10% each year from $74,452 to $134,465. Cost of goods sold remains around 86.7% of sales. Operating expenses also remain around 8.2% of sales. EBITDA increases each year from $6,271 to $11,625 due to revenue growth and consistent margins.

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Mohamed
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84 views1 page

IFS - Simple Three Statement Model

The document shows financial statements for a company over 7 years. It includes an income statement with line items for revenue, cost of goods sold, operating expenses, operating income, taxes, and net income. Revenue grows 10% each year from $74,452 to $134,465. Cost of goods sold remains around 86.7% of sales. Operating expenses also remain around 8.2% of sales. EBITDA increases each year from $6,271 to $11,625 due to revenue growth and consistent margins.

Uploaded by

Mohamed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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INCOME STATEMENT 20X1 20X2 20X3 20X4 20X5 20X6 20X7

Revenue 74,452 83,492 91,841 101,025 111,128 122,241 134,465


Growth (%) NA 12.1% 10.0% 10.0% 10.0% 10.0% 10.0%
Cost of Goods Sold 64,440 72,524 79,634 87,597 96,357 105,992 116,592
% of Sales 86.6% 86.9% 86.7% 86.7% 86.7% 86.7% 86.7%
Gross Profit 10,012 10,968 12,208 13,428 14,771 16,248 17,873
% of Sales 13.4% 13.1% 13.3% 13.3% 13.3% 13.3% 13.3%
Operating Expenses (SG&A) 6,389 6,545 7,540 8,294 9,124 10,036 11,040
% of Sales 8.6% 7.8% 8.2% 8.2% 8.2% 8.2% 8.2%
Operating Income (EBIT) 3,623 4,423 4,667 5,134 5,647 6,212 6,833
Interest Expense ON 518 474 415 341 300 260 220
Pretax Income 3,105 3,949 4,252 4,793 5,347 5,952 6,613
Income Tax Expense 1,087 1,382 1,488 1,678 1,872 2,083 2,315
Tax Rate NM NM 35.0% 35.0% 35.0% 35.0% 35.0%
Net Income 2,018 2,567 2,764 3,116 3,476 3,869 4,299
Operating Income (EBIT) 3,623 4,423 4,667 5,134 5,647 6,212 6,833
Depreciation 2,648 2,981 3,273 3,600 3,960 4,356 4,792
Amortization 0 0 0 0 0 0 0
EBITDA 6,271 7,404 7,940 8,734 9,607 10,568 11,625
BALANCE SHEET 20X1 20X2 20X3 20X4 20X5 20X6 20X7

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