{ "docId": "019dd923-622c-750b-8b9b-15d71754f3a1", "docSlug": "2fca39b214c5", "documentTitle": "N/A", "authorId": "99_Other", "authorName": "10X EBITDA", "documentKindSlug": "other", "documentKindLabel": "Other", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2025-02-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 29, "pageCount": 82, "prevPage": 28, "nextPage": 30, "slideType": "other", "function": "analyze_data", "density": "overcrowded", "nDataPoints": 12, "notes": "The slide contains four distinct Q&A scenarios (numbered 104, 105, 106, and a partial snippet at the top).", "elementsJson": [ "paragraph" ], "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-15d71754f3a1/29", "deckHref": "/decks/019dd923-622c-750b-8b9b-15d71754f3a1", "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-15d71754f3a1.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-15d71754f3a1#slide-29", "components": [ { "bbox": { "h": 0.06, "w": 0.35, "x": 0.118, "y": 0.52 }, "kind": "list", "text": "Financial Modeling Course References: Course 12, Lesson 15 (Repurchasing Shares) Course 12, Lesson 16 (Paying Dividends)", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9c793eb3-9b83-4c92-a000-e5fed1cb3ded", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.35, "x": 0.118, "y": 0.2 }, "kind": "list", "text": "Financial Modeling Course References: Course 12, Lesson 12 (Borrowing Debt) Course 12, Lesson 16 (Paying Dividends)", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cbee2d13-9975-4ab3-bd84-3b5c5c1b24f9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.35, "x": 0.118, "y": 0.73 }, "kind": "list", "text": "Financial Modeling Course References: Course 5, Lesson 14 (Depreciation & Amortization)", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "db7be4f6-0e66-4558-a26e-473db7bc6dc0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.5, "x": 0.118, "y": 0.7 }, "kind": "paragraph", "text": "“Depreciation = $900K; CapEx = $10 million; PP&E = $10 million”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "03bb4eac-4010-41f7-a783-a74cf1e69259", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.77, "x": 0.118, "y": 0.61 }, "kind": "paragraph", "text": "105. Let's say Royal Caribbean purchased a ship for $10 million. The ship is expected to last 10 years and the company will be able to recoup $1 million after scrapping it. What're the Depreciation, CapEx, and PP&E numbers the Royal Caribbean company will record on the financial statements for the ship?", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "348b5ced-a255-40bb-91ff-b6a90bcc16b0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.77, "x": 0.118, "y": 0.29 }, "kind": "paragraph", "text": "104. A company spent $50 million on share repurchase and $100 million in dividends. Walk me through the impact to the three financial statements immediately after the transaction.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4d50b42f-c194-4670-ab32-61f817cc3458", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.77, "x": 0.118, "y": 0.79 }, "kind": "paragraph", "text": "106. Continuing with the previous question. Suppose the company sells the same ship for $5 million after 5 years. Walk me through the impact to the three financials statements.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8d0a1544-f637-40cb-84eb-ff9fc6b84aab", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.77, "x": 0.118, "y": 0.84 }, "kind": "paragraph", "text": "“On the Income Statement, the company records a Loss on Sale of Asset of $500,000. Pre-Tax Income goes down by $500,000. Assuming a 20% tax rate, Net Income goes down by $400,000. On the Cash Flow Statement, under Cash Flow from Operations, Net Income goes down by $400,000. Then, we add back the $500,000 Loss on Sale of Asset because it's a non-cash expense. Overall, Cash Flow from Operations increases by $100,000. Under Cash Flow from Investing, Proceeds from Sale of", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a17c53bb-faa0-45a3-8dd9-eb590e83e776", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.77, "x": 0.118, "y": 0.36 }, "kind": "paragraph", "text": "“No changes to the Income Statement. On the Cash Flow Statement, no changes to Cash Flow from Operations and Cash Flow from Investing. Under Cash Flow from Financing, Share Repurchases decreases cash flow by $50 million while Dividend Payments decrease cash flow by $100 million. Overall, Net Change in Cash goes down by $150 million. On the Balance Sheet, on the Assets side, Cash goes down by $150 million. On the Liabilities and Equity side, Treasury Stock goes down $50 million while Retained Earnings goes down $100 million. Therefore, Total Liabilities and Equity goes down by $150 million. And the Balance Sheet balances.”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a18c690f-80df-4802-afb7-d800dffef7c6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.77, "x": 0.118, "y": 0.08 }, "kind": "paragraph", "text": "while Dividend Payments decreases cash flow by $100 million. Overall, Net Change in Cash goes up by $20 million. On the Balance Sheet, on the Assets side, Cash goes up by $20 million. On the Liabilities and Equity side, Debt goes up by $120 million while Retained Earnings goes down by $100 million. Therefore, Total Liabilities and Equity goes up by $20 million. And the Balance Sheet balances.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fb23df32-e848-4273-8362-63654938e5bd", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.3, "x": 0.118, "y": 0.96 }, "kind": "source-note", "text": "The Core Technicals Guide | www.10XEBITDA.com", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cfa8ffd0-aff1-41fa-8b6e-302161d48305", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.33, "x": 0.618, "y": 0.02 }, "kind": "title", "text": "I. Accounting (Financial Statements) E. Impact to Three Statements", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "27951ee1-5eba-4852-8261-bd543745674c", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }