08-27-2014, 03:37 PM
(08-24-2014, 07:15 AM)Dividend Watcher Wrote: DD, that's an easy one. Page 29 is the consolidated financials which includes all subsidiaries and rolls up all the line items to general categories. They certainly shortened it but that is so it's easy to read. You'll notice there are no line items for electricity costs, interest payments or any of the other stuff to run a business. It's probably included in the "Selling, general, and administrative" line item. To pull that out, or many of the other details, you need to look at the cash flow statement or somewhere in the next bunch of pages in the notes to the financial statements.
BTW, the link is broken -- at least my browser errors out. You need to go directly to the company's IR web site to access it.
Hi Dividend Watcher, thanks for clarifying that. Kind of a weird way of presenting, because I had a hard time figuring it all out. But in the end worked out fine, because my article about Donaldson Company Inc on Seeking Alpha got "Editor's Pick" status!
In the article I used Monte Carlo simulation techniques to show the sensitivity of the annual total return for DCI in the coming 5 years. It was not only a great way to investigate a company like Donaldson, but it was also awesome to sharpen my skills with this particular analysis. Check it out here.
I am curious to know what you think about the article. If there are any questions about the article or spreadsheets, or if you have suggestions for future analysis, let me know!