Financial Statement Analysis

1
Financial Statement Analysis

• April Hammond
• Naika McDonald
• Business 1A, Financial Accounting
• Merritt College / Spring 2007

2
Overview

• Corporate Profile
• Apria Healthcare Group Inc. is a national
  provider of home healthcare products and
  services, including oxygen and respiratory
  equipment, home delivered respiratory medications
  and a variety of home infusion therapies and
  medical equipment.

3

• Consolidated Balance Sheets

4
Financial Ratios
Gross Profit Margin net revenues - total cost
of net revenues net revenues (1,474,101-479,28
8) 1,474,101 0.67 Profit Margin
(return on sales) net income net revenue
66,941 1,474,1010.05 Return On Assets
net income average total assets 66941
(1185898 107664)2 0.10 Debt/Equity
total liabilities stockholders Equity 170,
791 327,164 0.52 Sales Growth (ROE)
net income average stockholders equity 66,941
(327,164406,185) 2 0.18 Current
Ratio current assets/current liabilities 344,00
1 170,791 2.0
5
Financial Status

• Net revenues of 1.47 billion
• Efficient at generating cash
• Improved cash collections 3.2

6
Financial Highlights

• The oxygen service line grew 4.3
• Reduced capital expenditures 7
• Decrease in operating cash flow
• Medicare reimbursement cuts
• Product pricing increases
• The qui tam lawsuit settlement
• Increased tax payments

7
Financial Highlights

• Apria acquired 21 complementary businesses for
  approximately 103 million.
• The company repurchased 7.3 million shares of its
  common stock, valued at 175 million.

8

• Thank you for your attention.