Examining Financial Statements - Landry's Restaurants

Peg Heslinga, MBAUniversity of Phoenix2 July 1, 2008Examining Financial recitals - Landrys RestaurantsIn this paper one will examine the yearly score for Landry?s restaurants. The balance planer, Income tale, story of Retained Earnings, and Statement of Cash Flows are the basics of any annual report (Fundamentals of Financial Accounting, 2006). Each report provides different information. The Balance winding-clothes reports a company?s assets (what it owns), liabilities (what it owes) and stockholder?s lawfulness (what is left over for the owners) at a point in time. The Income Statement shows whether a business made a arrive at ( inter wage income). The Statement of Retained Earnings shows what portions of the company?s recompense where paid to stockholders and or retained by the company for upcoming operations. Finally, the Statement of Cash Flows report summarizes how a business? caused its bills balance to change over time (Fundamentals of Financial Accounting).

The Income Statement according to the 2003 Annual Report, Landry?s Restaurants, Inc. reported a net income of $45,901,054 in 2003. In Landry?s Income Statement, the restaurants reported having revenues of $1,105,755,057. Landry?s Income Statement shows expense categories that include cost of revenue, labor, administration, depreciation and amortization. In this Income Statement, net income is determined by comeing the expenses and subtracting the total reported revenue.



Landry?s total operating costs and expenses equal $1,037,338,293 in 2003 (Fundamentals of Financial Accounting, 2006).

Landry?s reports assets on its Balance Sheet. In 2003, Landry?s Total Assets were value at $1,102,785,506. The asset listed on Landry?s Balance Sheet include: cash and cash equivalents, accounts receivable, inventory, deferred taxes, total current assets, station and equipment, goodwill and other assets (Fundamentals of Financial Accounting, 2006).

To determine how much Landry has spent on property and equipment additions in 2003, one would look to Landry?s Statement of Cash Flows. In 2003, Landry?s spent $162,894,783...

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