Financial Comparison of Glaxo Smith Kline and Cheniere Energy
The companies that I have been assigned to analyze and compare are Glaxo Smith Kline (GSK) of the UK, the second largest pharmaceutical company in the world, and Cheniere Energy (LNG), a small struggling Downstream Oil company that operates out of Houston, Tx. To attain the financial information, such as a 10 K filing, income statements, balance sheets, statements of cash flow, and background information on each company, I used a combination of the SECs’ Edgar, Mergent online, Google finance, and Reuters online. I will also refer to each companies corporate websites to complete my research, these are noted in the footnotes as well as the websites mention earlier. In my research I will identify the conservative accounting choices of both companies and make comparisons on my findings. My first impression of this analization is that I am comparing two companies that that are very unalike. The different attributes of these companies that I can see initially are the industry, size of company, and the geographical location of operations.
Cheniere Energy, Inc., through its subsidiaries, is engaged primarily in the business of developing and constructing, and then owning and operating, a network of three onshore liquefied natural gas receiving terminals and natural gas pipelines. The Company is developing a business to market liquid natural gas and natural gas primarily through its wholly owned subsidiary, Cheniere Marketing. To a limited extent, Cheniere is also engaged in oil and natural gas exploration and development activities in the Gulf of Mexico. The Company has four business segments: liquid natural gas receiving terminal business, natural gas pipeline business, liquid natural gas and natural gas ...