Impact: Fast Shipping

Projections: Fast Shipping

This section is currently UNDER CONSTRUCTION while being updated to include new 2012 data. We expect to have the IMPACT section finished by the end of January.

Impact on the Fast Shipping Market

Potential Annual Net Income by Market Share

FAST FREIGHT : PROJECTED MARKET SUMMARY
 
 
Market ShareRevenue ShareVesselsSP RevenueSP ExpenseSP Net IncomeProfit/Vessel
1% Share1,332,403,904644932,682,733520,351,462412,331,270640,266
2% Share2,664,807,80812871,865,365,466936,632,632928,732,833721,626
3% Share3,997,211,71219312,798,048,1981,248,843,5101,549,204,689802,281
4% Share5,329,615,61625743,730,730,9311,456,984,0952,273,746,836883,352
5% Share6,662,019,52032174,663,413,6641,561,054,3873,102,359,277964,364

Projected Income Statement

FAST FREIGHT : PROJECTED INCOME STATEMENT
 
 
# of Boats Deployed3061115213384
Market Share0.04%0.07%0.13%0.24%0.42%
Yr 1Yr 2Yr 3Yr 4Yr 5
Sales48,110,15397,182,509183,383,394339,992,813612,837,046
Operating Costs-22,032,514-45,247,440-87,008,601-165,989,713-308,226,531
Gross Margin26,077,63951,935,06996,374,793174,003,101304,610,515
Depreciation-777,778-10,136,111-20,344,444-37,950,000-69,151,389
G&A-4,406,503-9,049,488-17,401,720-33,197,943-61,645,306
Interest Income164,135548,1241,114,0561,977,0743,298,254
Interest Expense-2,835,000-8,284,500-15,361,500-27,877,500-49,854,000
Pretax Income18,222,49325,013,09444,381,18576,954,732127,258,073
Income Taxes-5,466,748-7,503,928-13,314,355-23,086,420-38,177,422
Net Income12,755,74517,509,16631,066,82953,868,31289,080,651
Depreciation777,77810,136,11120,344,44437,950,00069,151,389
Interest Income-164,135-548,124-1,114,056-1,977,074-3,298,254
Interest Expense2,835,0008,284,50015,361,50027,877,50049,854,000
Income Taxes5,466,7487,503,92813,314,35523,086,42038,177,422
Net Income21,671,13642,885,58278,973,073140,805,158242,965,208

Projected Balance Sheet

FAST FREIGHT : PROJECTED BALANCE SHEET
 
 
 
 
 
Yr 1Yr 2Yr 3Yr 4Yr 5
ASSETS
Current Assets
Checking/Savings8,206,74719,199,45036,503,32662,350,356102,562,322
Accounts Receivable481,102971,8251,833,8343,399,9286,128,370
Inventory91,000185,000348,000643,0001,157,000
Other Current Assets25,00025,00025,00025,00025,000
Total Current Assets8,803,84820,381,27538,710,16066,418,284109,872,692
Fixed Assets
Cost91,000,000185,000,000348,000,000643,000,0001,157,000,000
Acc'd Depr-777,778-10,913,889-31,258,333-69,208,333-138,359,722
Net Fixed Assets90,222,222174,086,111316,741,667573,791,6671,018,640,278
TOTAL ASSETS99,026,071194,467,386355,451,827640,209,9501,128,512,970
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable220,325452,474870,0861,659,8973,082,265
Other Current Liabilities50,00050,00050,00050,00050,000
Total Current Liabilities270,325502,474920,0861,709,8973,132,265
Long Term Liabilities81,000,000155,700,000283,200,000513,300,000911,100,000
Total Liabilities81,270,325156,202,474284,120,086515,009,897914,232,265
Equity
Common Stock500,000800,0001,000,0001,000,0001,000,000
Additional Paid in Capital4,500,0007,200,0009,000,0009,000,0009,000,000
Retained Earnings12,755,74530,264,91161,331,741115,200,053204,280,705
Total Equity17,755,74538,264,91171,331,741125,200,053214,280,705
TOTAL LIABILITIES & EQUITY99,026,071194,467,386355,451,827640,209,9501,128,512,970

Projected Cash Flow

FAST FREIGHT : PROJECTED CASH FLOW
 
 
 
 
Yr 1Yr 2Yr 3Yr 4Yr 5
OPERATING ACTIVITIES
Net Income12,755,74517,509,16631,066,82953,868,31289,080,651
Adjustments to reconcile Net Income
to net cash provided by operations:
Change in:
Accounts Receivable-481,102-490,724-862,009-1,566,094-2,728,442
Accounts Payable220,325232,149417,612789,8111,422,368
Other Current Assets-25,000----
Depreciation777,77810,136,11120,344,44437,950,00069,151,389
Inventory-91,000-94,000-163,000-295,000-514,000
Other Liabilities50,000----
Net cash provided by Operating Activities13,206,74727,292,70350,803,87790,747,029156,411,966
INVESTING ACTIVITIES
Equipment-91,000,000-94,000,000-163,000,000-295,000,000-514,000,000
Net cash provided by Investing Activities-91,000,000-94,000,000-163,000,000-295,000,000-514,000,000
FINANCING ACTIVITIES
LTD Borrowings90,000,00093,000,000162,000,000294,000,000513,000,000
LTD Paydowns-9,000,000-18,300,000-34,500,000-63,900,000-115,200,000
Equity Contributions5,000,0003,000,0002,000,000--
Dividend Payments-----
Net cash provided by Financing Activities86,000,00077,700,000129,500,000230,100,000397,800,000
Net cash increase for period8,206,74710,992,70317,303,87725,847,02940,211,966
Cash at beginning of period-8,206,74719,199,45036,503,32662,350,356
Cash at end of period8,206,74719,199,45036,503,32662,350,356102,562,322

Summary

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