Financial Statement Research
Blake Cassell
Income Statement
-One of the financial statements of a company that shows the company’s revenues and expenses during a particular period.
What does the income statement do?
-Shows how a company turns its revenues into net income.
Where does the income statement come from?
-Calculated from past sales, revenues, expenditures, and money owed.
What does the income statement show?
-shows how much money the company generated (revenue), how much it spent (expenses) and the difference between the two (profit) over a certain time period.
What sections are in the income statement?
-Consists of the operating section, as well as the non-operating section.
Balance Sheet
-A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
What does the balance sheet do?
-Summarizes a company's assets, liabilities and shareholders' equity at a specific point in time.
Where does the balance sheet come from?
- Comes from an analysis of how well the company is doing at a certain point in time.
What does the balance sheet show?
-shows investors what the company owns and owes, as well as the amount invested by shareholders.
What sections are in the balance sheet?
- Assets, Liabilities, and Owner's Equity.
Cash Flow Statement/Analysis
-A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.
What does the cash flow statement do?
-Reports the cash generated and used during a specific time period.
Where does the cash flow statement come from?
- Comes from a company's sales, the money invested into the company, and investors from banks and shareholders.
What does the cash flow statement show?
-Shows how changes in balance sheet accounts and income affect cash and cash equivalents.
What sections are in the cash flow statement?
-Operating activities, investing activities, and financing activities.