These 4 pages teach you everything you need to know Balance Sheet: The balance sheet consists of the following elements: - Current assets - Long-term assets - Current liabilities - Long-term liabilities - Shareholders equity The balance sheet is based on a simple formula: Assets = Liabilities + Equities A balance sheet shows you what a company owns and owes. Income Statement: An Income Statement shows you the revenues and expenses of a company. It consists of the following elements: Revenue - COGS = Gross Profit - Operating Expenses = Operating Income - Non-Operating Income / Expenses = Pre-Tax Income - Income Tax = Net Income Cash Flow Statement: A Cash Flow Statements shows you the cash that enters and leaves a company. The Cash Flow Statements consists of 3 elements: - Cash Flow from Operating Activities - Cash Flow from Investing Activities - Cash Flow from Financing Activities Cash Flow from Operating Activities: Net Income + Non-Cash Changes +/- Changes in Working Capital = Cash Flow from Operating Activities Cash Flow from Investing Activities: - Capital Expenditures - Acquisitions + Proceeds from the Sale of Investments = Cash Flow from Investing Activities Cash Flow from Financing Activities: +/- Borrowing/Repaying Debt +/- Issuing/Repurchasing Stocks - Dividends Paid = Cash Flow from Financing Activities