Based on the provided data for the assets, liabilities, and equity, we can organize this information to present a clearer summary of the financial situation as of December 31, 2015, and December 31, 2016.
Balance Sheet Summary
Current Assets
| Item | December 31, 2015 | December 31, 2016 | |-------------------------------------|--------------------|--------------------| | Cash and cash equivalents | $21,352 | $22,489 | | Short-term investments | $9,562 | $8,749 | | Net accounts receivable | $8,569 | $2,753 | | Inventory | $6,432 | $10,022 | | Prepaid expenses and other current assets | $2,135 | $2,249 | | Deferred income taxes | $4,500 | $4,612 | | Total Current Assets | $52,650 | $50,874 |
Current Liabilities
| Item | December 31, 2015 | December 31, 2016 | |-------------------------------------|--------------------|--------------------| | Accounts payable | $9,314 | $2,580 | | Accrued company costs | $8,236 | $8,394 | | Accrued taxes | $2,235 | $2,087 | | Other accrued liabilities | $312 | $346 | | Deferred revenue | $8,358.5 | $9,527 | | Total Current Liabilities | $28,455.5 | $22,934 |
Long-term Liabilities
| Item | December 31, 2015 | December 31, 2016 | |-------------------------------------|---------------------|--------------------| | Long-term debt | $4,921 | $9,255 | | Other long-term liabilities | $4,931 | $5,024 | | Total Liabilities | $9,852 | $14,279 |
Shareholder's Equity
| Item | December 31, 2015 | December 31, 2016 | |-------------------------------------|--------------------|--------------------| | Common stock | $0.8 | $0.8 | | Other retained earnings | $13,767 | $13,108 | | Other comprehensive income | $468 | $543 | | Total Shareholders' Equity | $14,235.8 | $13,652.8 | | Noncontrolling interests | $6.7 | $9.2 | | Total Equity | $14,242.5 | $13,662 |
Analysis
- Total Current Assets decreased from $52,650 in 2015 to $50,874 in 2016, indicating a slight reduction in liquid assets.
- Total Current Liabilities also decreased, reflecting better management of obligations in the short term.
- However, Long-term Debt increased significantly, suggesting a reliance on borrowing or an increased long-term commitment.
- Overall Total Liabilities increased, raising concerns about the company's financial health.
- Shareholders' Equity decreased, primarily due to a reduction in retained earnings, which could reflect lower profitability or dividend distributions.
Total Liabilities and Equity
- Total Liabilities and Equity must balance and, when calculated, become a critical aspect of assessing the company's financial sustainability.
Conclusion
The provided figures indicate changes in the company's financial structure over the two years. A thorough evaluation of trends and performance metrics would be beneficial for deeper insights into financial operations and decision-making.
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