||The Ticker|Statements page is designed to flexibly display a company's financial statements and ratios. There are three main statements: Income Statement, Balance Sheet and Cash Flow Statement and a Ratios page. Industry-specific Income Statements, Balance Sheets, and Ratios are also available for banks and insurance companies.
The periods listed are period end dates as provided in the company's regulatory filing or other audited financial statement. Periods where at least one value has been restated are tagged as "Restated". In all four statements, above each period, the Earnings Quality Model Score is provided for reference.
- Select Statement - To switch between the statements, choose the desired statement from the 'Select Statement' dropdown in the top left-hand corner of the page.
- Period - The statements can be viewed using 10 years of annual data, 10 semiannual periods, or 20 quarters of quarterly data, selected using the 'Period' dropdown in the top middle of the page. The annual view provides data as of the fiscal year end, which will not be as recent as the quarterly view ¾ of the year. Note: To print the page in quarterly view, change your browser's Print "Page Setup" to Landscape orientation mode before printing.
- View As - Additionally, the Income Statement and Balance Sheet can be viewed as year-over-year growth or as a percentage of Revenue and Total Assets, respectively. To toggle between '$ million', the YoY growth and the common size view, use the 'View as' dropdown at the top right-hand side of the page.
- $ Millions - The actual values of the financial statements in the currency they were filed in, represented in millions. This is the standard statement view.
- YoY Growth - The year-over-year growth rate. For annual statements, the growth rate is the % change from one year to the next. For semiannual periods, the change % is from the same half-year, one year ago. For quarterly periods, the growth is change % from 4 quarters ago.
- % of Sales/% of Total Assets - The values in this view are represented as % of sales in the income statement and % of total assets in the balance sheet. This view is also known as common-size.
Links to Filings
The Income Statement summarizes the income activity over the period, including all revenue and expenses incurred by the company. Each period displayed only covers the activity during that period, 3 months in the quarterly view and 12 months in the annual view. The different line items are added or subtracted sequentially until reaching the "bottom line" net income. Sub-totals at key points allow you to evaluate the company from different perspectives (e.g. Gross Profit). In addition to standard income statement data, this page provides dividend, earnings per share and outstanding share data. Banks, insurance companies and utilities have their own income statement format suited to their respective operations.
The Balance Sheet displays what the company owns and owes as of the period end date. It is broken into three main sections: Assets, Liabilities and Equity. The basic balance sheet equation is Assets = Liabilities + Equity. Balance sheet values are historical and will not necessarily (and generally do not) match up with market values. Banks, insurance companies and utilities have their own balance sheet formats suited to their unique capital structures.
Cash Flow Statement
The Cash Flow Statement summarizes the sources and uses of cash during the period. Sources of cash are represented as positive numbers while uses are negative. The cash flow statement displays quarterly data in two ways, as year-to-date (YTD), meaning the cumulative activity during the fiscal year and as a single quarter period, showing only the data for the quarter. For example, if the company's fiscal year ends in December, the Jun-05 period would include the activity from Dec 31, 2004 through June 30, 2005. The cash flow statement is separated into 3 main categories: Cash Flow from Operating Activities, Cash Flow from Investing Activities and Cash Flow from Financing Activities.
The Ratios page allows you to view the financial statement data in a manner more conducive to comparison by offering ratios segmented into five categories:
- Utility — Utility ratios include metrics specific to analyzing companies in the utilities sector. The revenue breakdown helps you gauge exposure to electric, gas, water and other utility segments. The ratio Purchased Electricity as % Total Revenue helps to assess the sensitivity to electricity spot rates while Generation Costs as % of Utility PP&E points to the relative productivity of the company's power plants. This section is only available on utilities that publish this type of data.
- Profitability (Bank) — These ratios examine the bank's operating efficiency and looks at the major contributors to bank profitability, such as loan and deposit growth. This section is only available on banks that publish this type of data.
- Risk (Bank) — The bank risk ratios measure sources and signals of risk in the bank's holdings, such as loan loss provisions and the net chargeoff ratio. This section is only available on banks that publish this type of data.
- Other (Bank) — These additional ratios include the tier 1 risk-adjusted capital ratio (a measure of capital adequacy) and the loan/deposit ratio. This section is only available on banks that publish this type of data.
- Insurance Metrics — Insurance ratios provide insight into the profitability, sustainability and efficiency of the operations of insurance companies. This section is only available on insurance companies that publish this type of data.
- Profitability — Profitability ratios focus on the income statement and margin analysis. These ratios show how profitable the company is at different points in the earnings process, ending with the bottom line, Net Margin. This section is not available for banks and insurance companies.
- DuPont/Earning Power — Years ago, DuPont management developed internal metrics to evaluate areas of performance and diagnose improving/declining contributors to profitability. The goal metric, Return on Equity (ROE), was broken down into 3 distinct segments: Profit Margin, Asset Turnover and Leverage. These segments have been further broken down for even more detailed analysis.
- Liquidity — Liquidity ratios are designed to help you evaluate the company's ability to meet near term cash obligations or quickly gain access to cash if the need arises. This section is not available for banks and insurance companies.
- Leverage — Leverage ratios focus on how much of the company is financed with debt versus equity. Furthermore, leverage ratios measure the company's ability to meet long-term debt obligations. This section is not available for banks.
- Operating — Operating ratios combine balance sheet and income statement figures to help you evaluate how efficiently the company is operating across different segments of the operating process. This section is not available for banks, insurance companies and utilities.
As important as analyzing the ratio values in and of themselves, comparing the company ratios to its industry provides essential competitive context. Therefore, the first column on the page displays the current industry medians for each of the ratios.
At the bottom of most statements, you can link to company filings for the any fiscal period with a related filing. For US securities, the links will pop up the appropriate 10-K or 10-Q for the period in question, and it will automatically navigate to the appropriate statement section. For example, if you click on the filing link under the Sep-04 quarter column in the cash flow statement, you will be taken to the cash flow statement section of the Sep-04 10-Q. Just below the filing link is a "Notes" link that pulls up the filing, navigated to the "Notes to Consolidated Financial Statements" section of the document.
Non-US companies have links to annual and interim reports instead of filings and you will not automatically be directed to the section within the document. There are no links to “Notes” for Non-US securities.
Export to Excel
Allows you to export any of the statements to an Excel friendly comma delimited file by clicking on the "Export" button in the top right corner of the statement.
For specific definitions, see the Glossary.