Textbook: Foundations of Financial Management - Company: United Continental Holdings, Inc.

1. On the below referenced income statement for years 2014-2016, describe the pattern of change for "Total Revenue" and also Income from Continuing Operations" in one paragraph.

Income statement- numbers to work with for this problem

Total revenue: 2016 = $36,556,000 2015= $37,864,000 2014: $38,901,000

Income from Continuing Operations:

Total other income/expenses net: 2016: 23,000 2015: -327,000 2014: -562,000

Earnings before interest and taxes: 2016: 4,361,000 2015: 4,839,000 2014: 1,811,000

Interest Expense: 2016: 542,000 2015: 620,000 2014: 683,000

On the below referenced balance sheet, describe the pattern of change in "stockholders equity" and indicate whether this does or does not appear to be a matter of concern.

Stockholders equity 2016 2015 2014

Common Stock 3,000 4,000 4,000

Retained Earnings: 3,427,000 3,457,000 -3,883,000

Treasury Stock: -511,000 -1,610,000 -367,000

Capital Surplus: 6,569,000 -7,946,000 -7,721,000

Other stockholder equity: -829,000 -831,000 -1,079,000

Total stockholder equity: 8,659,000 8,966,000 2,396,000