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Intermediate8 chapters · ~10 min readStarter+
Reading Financials & EarningsWhat the Numbers Really Say
How to read an income statement, balance sheet and cash flow statement, which ratios matter, how to value a company quickly, and how to handle earnings season as an investor or trader.
You don't need to be an accountant to read a company's financials. You need to know where the money comes from, where it goes, what the company owns and owes, and how much real cash it produces. This course walks through all three statements using one hypothetical company, then covers valuation and earnings season.
Course contents
- 01Why Financials MatterBehind every ticker is a business — here's how to check on it
- 02The Income StatementRevenue at the top, profit at the bottom, and every cost in between
- 03The Balance SheetWhat the company owns, what it owes, and what's left for shareholders
- 04The Cash Flow StatementProfits are an opinion; cash is a fact
- 05Ratios and Quick ValuationIs it a good business — and is the price reasonable?
- 06Where to Find the Numbers10-Ks, 10-Qs, earnings releases and calls
- 07Earnings Season PlaybookExpectations, guidance, implied moves and the reaction
- 08Red Flags and the One-Page CheckA fast fundamental screen for any company
- GLGlossary27 key terms from this course
- →What's NextWhere to go after this course