editing, adding and prove reading

This is the assignment :

-analysis aircraft engine manufacture company (balance sheet/ income statement/ cash flow,,, and analyze their financial progress (trend analysis, Industry comparison, and ratio analysis) by comparing it to different financial year.- make sure the paper hits on (trend analysis, ratio analysis, and operational leverages,)- make sure the paper discusses ratios/long term ratio, Dept/equity,  dept/ income, Bond/stocks. Which the paper does not.

– Make sure all information are correct- Conclusions > what you think of the company-attached is the paper that needs to be edited..-make sure data is correct and avialible on work sited page.

Elyas Mourcy
Revised

Financial Statements Analysis for GE Aviation Company
GE Aviation is among the leading global provider of commercial and military jet engines and components along with avionics, electrical power, and mechanical systems for aircraft. GE aviation is located in Cincinnati, Ohio, U.S.A.  The company was able to perform well and grow despite various issues that have negatively affected the aviation industry. In general, GE aviation growth has been contributed to substantial investments in research and development. Its success on aviation related researches and investments has helped it to offer products of high quality to its customers.  This essay analyses the financial statements for the company between the year 2009 and 2010, it also includes trend and ratio analysis and operation leverages as discussed in the subsequent paragraphs.
During the financial year 2010, GE Aviation was able to generate total revenue of $ 150211 million. This value was a bit lower compared to $ 155278 million of the previous year (2009). However, the company had greatly reducing its running costs and expenses from $ 145283 million in 2009 to 136003 $ million in 2010. The reduction of costs and expenses between the two years resulted in Gross profit of 14208$ million in 2010 compared 9995$ million in 2009. Although at 2009 financial year, the aviation industry had faced increased prices of fuel, GE Aviation Company managed to reduce its non-fuel operating costs that involved cut of number of flights and frequent adjustments on flight fares. By reducing the number of flights taken, GE Aviation had reduced labor and maintenance costs. In addition, the company increased its revenue through fare increase and introduction of new fees on baggage, selecting seats, food, blanket etc.
According to the recorded values, the profit attained in the year 2009 was $9995 million and in 2010 was $ 14208 million. This was achieved by implementing some of the changes in fares and fees. Thus profit was increased to 42% and it facilitated much growth to the aviation company. In the aviation industries, profit was tending to slightly increase despite the common challenges which they faced. It is stipulated that the profit will always increment if the appropriate demand and sales ratio are considered.
The total equity balance at December 31 2010 was $124198 million. This was a decrease from the previous year recording of $125136 million which is approx of 0.75% decrease. This drop on equity balance can be attributed to company adoption of various amendments made to Accounting Standard Codification ASC 860 transfer and servicing and ASC 320 investment –debt and equity securities. These amendments led to increase of retained earnings as of April 1 2009. Equity majority contributed to raise $32 billion to the capital markets of the airlines’ industry. GE aviation incorporated brand equity during the year 2010 and this increased motivation for harmonization and improvement of the service standard to its customers.
The cash flow from operating activities was $36123 million in 2010 from the preceding year 24417$ million. This is approximate to 32.4% increase in cash flow between the two financial years. This increase was greatly contributed by increase in progressive collections, accounts payable among other activities.  As recorded in the statement, the GE operating cash collections, for example, decreased by $ 5.9 million in 2010 and decreased by $ 11.4 million by 2009. For a capital- intensive industry such as the air transport, increase in utilization of existing fleet was a key element in improving the cash flows and profitability in general in the year 2010. For instance, in the second half of the year 2010, cash flow which was measured by earnings before interest, tax and amortization had recovered to precession levels in America. US airlines cash flows had recovered a precession level of 10% of the total revenue in 2010.
GE Aviation consolidated assets at December 31, 2010 comprised total assets of $49,295 million of certain variable interest entities (VIEs),which  are restricted to settle the liabilities of those particular VIEs. On the other hand, The consolidated liabilities which  include non-recourse borrowings of consolidated securitization entities (CSEs) of $29,444 million at December 31, 2010 involved  liabilities of certain VIEs for which the VIE creditors do not have option to GE. This operation leverages proven to bring high favorable result if condition goes well, and possible opposite under negative circumstances
Generally, the aviation company is maintaining surveillance at the emerging markets in which the travel demand is highly growing.  From the market outlook, demand of around $ 33000 aircrafts in the next 15 years will emerge and will be worth about $4 trillion. We have the high expectation that the reproduction of low cost carries will result to increase for aircraft demand between 7-9 %. This will translate a lot of gains for the GE Aviation Company since their engines are mostly used in commercial aviation aircrafts.

Work citation

Financial report of the United States. Nashville, Tenn.: By Nelson Current, a subsidiary of Thomas Nelson, Inc., 2006. Print.
GE 2010 Annual Report: financial and strategic highlights, Ohio, 2010. Print