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Understanding Financial Statements II   Speaker Position Company smart woman securities © 2010 Smart Woman Securities.  Materials are for SWS members’ use only. All rights reserved. Date
Announcements ,[object Object]
Last Seminar Recap ,[object Object],[object Object],[object Object],[object Object]
Tonight’s Agenda ,[object Object],[object Object]
This Week’s Seminar ,[object Object],[object Object],[object Object],[object Object],[object Object]
Market Update ,[object Object],[object Object]
Market Update Example Slide ,[object Object],[object Object],[object Object],[object Object],[object Object]
Review: Stock Picking ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Next Up: Valuation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Income Statement
Income Statement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Revenues and Expenses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Income Statement Example ,[object Object],[object Object],[object Object],[object Object]
Income Statement Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Earnings ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Earnings ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Income Statement (CL)
Income Statement Detail (CL) ,[object Object]
How We Can Read Income Statements ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Statement of Cash Flows
Cash Flows ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Income Statement vs. Cash Flows ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cash Flows ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cash Flows from Operating Activities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Net Income and Operating Cash Flow ,[object Object]
Cash Flows from Operating Activities
Cash Flows from Investing Activities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cash Flows from Investing Activities
Cash Flows from Financing Activities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cash Flows from Financing Activities
Cash Flows (CL)
How To Read Cash Flow Statements ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Free Cash Flow: Important Metric ,[object Object],[object Object],[object Object],[object Object],[object Object]
What is Free Cash Flow? ,[object Object],[object Object]
Free Cash Flow Example ,[object Object],[object Object]
Seminar Recap ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
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Seminar 6

Hinweis der Redaktion

  1. Ask yourself a question, “Why do you invest?” “ What is it you truly want to win?” Winning should be reaching your goals, having the financial capacity to achieve your life goals … … not anyone else’s. Remember, you want to build a financial house that won’t fall down in a strong wind. To do that, you need to start with a plan -- a blueprint. And one of the best plans around is asset allocation.
  2. Ask yourself a question, “Why do you invest?” “ What is it you truly want to win?” Winning should be reaching your goals, having the financial capacity to achieve your life goals … … not anyone else’s. Remember, you want to build a financial house that won’t fall down in a strong wind. To do that, you need to start with a plan -- a blueprint. And one of the best plans around is asset allocation.
  3. Ask yourself a question, “Why do you invest?” “ What is it you truly want to win?” Winning should be reaching your goals, having the financial capacity to achieve your life goals … … not anyone else’s. Remember, you want to build a financial house that won’t fall down in a strong wind. To do that, you need to start with a plan -- a blueprint. And one of the best plans around is asset allocation.
  4. - Net losses will occur when expenses exceed revenues, common in new companies, esp. those that are capital intensive in the initial phases
  5. Since this is a very dense class, perhaps we could just go quickly through cash flows, and just explain briefly what this might mean
  6. Cash (or rather free cash flow – FCF) is also an indication of the cash the company has left behind after using cash required to maintain and/or expand asset base through improvements (capex)
  7. - Non-current assets: PPE, long-term investments - Investing & financing activities can be a bit confusing for newcomers; financing strictly deals with the issuance of equity or debt, dividend payments and not the asset part of the B.S.
  8. - Capital expenditures (capex) are necessary for the maintenance and/or improvement of the company’s long-term assets to ensure that they can still be utilized – think of them as similar to periodic tune-ups for a car (that can sometimes include replacement of parts)
  9. - Repurchasing stock in the market is also referred to as Treasury Stock and often listed in the Equity section of the B.S.
  10. - Net Operating Cash Flow: depreciation and amortization are added back to net income in calculating it because they are non-cash items, meaning that the company does not actually expend cash for them over the course of the year as companies will record D&A costs each year instead of putting one lump sum
  11. - Net Operating Cash Flow: depreciation and amortization are added back to net income in calculating it because they are non-cash items, meaning that the company does not actually expend cash for them over the course of the year as companies will record D&A costs each year instead of putting one lump sum
  12. - Net Operating Cash Flow: depreciation and amortization are added back to net income in calculating it because they are non-cash items, meaning that the company does not actually expend cash for them over the course of the year as companies will record D&A costs each year instead of putting one lump sum