Corporation is a company that develops and commercializes advanced aesthetic laser systems that allows physicians and personal care practitioners to treat a wide variety of cosmetic and medical conditions. Over the past three years Candela Corporation has grown because of the consumers that are willing to spend the money for procedures to make their bodies look younger. Consumers want to make sure that they will be safe when they have the procedures and Candela Corporation is dedicated to developing safe and effective products.
There's a specialist from your university waiting to help you with that essay.
Tell us what you need to have done now!
order now
In 2002 the net income of Candela Corporation was 2,154 thousand. In 2003 their net income increased to 6,814 thousand, and in 2004 the net income increased even more to 8,119 thousand. The net cash provided by operating activities went from negative 7,071 thousand in 2002 to positive 11,655 thousand in 2003. In 2004 the net cash provided by operating activities was 1,132 thousand. The net cash used in investing activities went from negative 1,058 thousand in 2002 to a negative 1,227 thousand in 2003. In 2004 the net cash used in investing activities was a negative 685 thousand.
The net cash provided by financing activities was negative 5,141 thousand in 2002. In 2003 the net cash provided by financing activities was 176 thousand, and in 2004 the net cash provided by financing activities was 4,707 thousand. In 2002 there was a net decrease on cash and cash equivalents of 12,380 thousand. In 2003 there was a net increase on cash and cash equivalents of 12,156 thousand, and in 2004 there was also a net increase on cash and cash equivalents of 5,326 thousand. The effect of exchange rate changes on cash and cash equivalents in 2002 was 890 thousand.
In 2003 the effect of exchange rate changes on cash and cash equivalents was 1,552 thousand. In 2004 the effect of exchange rate changes on cash and cash equivalents was 172 thousand. Out of the three past years, Candela Corporation paid the most interest in 2002. In 2002 Candela Corporation paid 347 thousand in interest. In 2003 they paid 235 thousand in interest, and in 2004 they paid 15 thousand in interest. In 2002 Candela Corporation received 68 thousand in income taxes. In 2003 Candela Corporation paid 751 thousand in income taxes. In 2004 they paid 3,265 thousand in income taxes.
Each financial statement is important in its own way. The statement of cash flows contains information that cannot be found directly from the balance sheet or the income statement. One good benefit that the statement of cash flows has over the balance sheet or income statement is that investors and creditors can look and immediately see the amount of operating activities, investing activities, and financing activities. Knowing this information is important because it tells investors and creditors how much the company depends on other financing to operate the business.
The statement of cash flows also tells individuals the cash and cash equivalents at the beginning of the year and also at the end of the year. The statement of cash flows shows the effect of exchange rate changes on cash and cash equivalents. The effect of exchange rate changes on foreign currently denominated assets and liabilities is found on the statement of cash flows. The statement of cash flows also shows the changes in assets and liabilities. Financial statements provide different figures that can help investors and creditors decide whether or not they want to invest in the company.
Knowing how a company operates is very important before an investor or creditor decides to invest in the company. Sometimes a quick glance at financial statements is all one can get when making decisions and the statement of cash flows is an important financial statement to look at.
