Can't balance my three-statement model on public company

Hi all, I wanted to build a model of a public company (US listed co) from scratch and almost balanced, but still cannot figure out whats the problem. I checked line by line and adding/subtracting all over again. Would really appreciate some help as I'm off by a constant in each projected year. Can anyone please help? Willing to send some e-pdfs of some books you may need. Thank you so much.

 

Another method of diagnosing is by tracking the amount of imbalance.

Then, alter your estimate for each line of balance sheet and cash flow. When the imbalance amount changes, that’s one of the item(s) that was not properly factored.

 

Not sure if you've gotten this yet (I'm sure Rich can figure it out), but if not - is it off for historicals as well as for the projection period? If so, you could also look at the B/S reported publicly and compare by general category to try finding the delta (cash, current assets, current liabilities, equity, etc.).

Another check I used to do when doing a lot of LBO modeling is seeing that FCF (before debt paydown) = change in net debt. That could help you check and make sure you're generally accounting for everything correctly given that the issue seems to be with you Financing CF.

 

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