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Essay / Research Paper Abstract
A 3 page paper examining Urban Outfitters' 2005 annual report and answering 22 questions about results, reporting and changes from the previous year. Includes several ratio calculations. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: CC6_KSsecUrbOut.rtf
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Unformatted sample text from the term paper:
Philadelphia, Urban Outfitters is a specialty retailer that as of April 2005 operated 77 Urban Outfitters, 67 Anthropologie, and 2 Free People stores; 2 catalogs; and 3 Web sites.
It was founded in 1970; its fiscal year ends January 31. All of this information is presented in the introduction to Part 1. Balance Sheet Information - questions 3
- 6 The company provides a five-year summary of financial data, but complete balance sheets only for 2004 and 2005. Complete income
and cash flow statements include 2003 - 2005 (section F). Gross revenue greatly increased in 2005 over 2004, from $548,361,000 in 2004 to
$827,750,000 in 2005, for a 50.94% change. [(827,750 - 548,361) ? 548,361] x 100 = 50.94983. Cost of goods sold increased as
could be expected with the large increase in sales. [(489,000 - 334,888) ? 334,888] x 100 = 46.01897% change. Revenues increased 51%,
but cost of goods sold increased only 46%. Questions 7 - 10 Revenue recognition policy is that "Revenue is recognized at the point-of-sale
for retail store sales or when merchandise is shipped to customers for wholesale and direct-to-consumer sales, net of estimated customer returns ... Gift card sales to customers are initially recorded
as liabilities and recognized as sales upon redemption" (10-K p. 16). The Consolidated Statements of Cash Flows indicates that cash inflow from operating
activities is $149,995,000. The company had a negative cash flow of $130,933,000 in its investing activities resulting from capital expenditures, purchase of marketable securities and the sale of other
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