Financial Statements
Financial Statements
The main reports that show a company’s financial condition and performance.
Also called: financial reports, company financials
What it means
Financial statements are the core reports companies use to show how the business is performing and what it owns, owes, earns, and spends. The main financial statements are the income statement, balance sheet, and cash flow statement. Public companies also provide notes and supporting explanations.
Why it matters
These reports are the backbone of company analysis. If a user understands the major statements, they can read most business results with much more confidence.