From the course: Finance Foundations
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The income statement
From the course: Finance Foundations
The income statement
The second primary financial statement is the income statement. An income statement lists the company's revenues minus expenses. The difference is called net income. The income statement is the financial statement that people talk about all the time. People naturally want to know how much money did the company make? Well, let's look at an actual example of an income statement. This is the income statement for Walmart for the year ended January 31st, 2018. You see revenues, expenses, and down at the bottom, you see the bottom line, net income. Well, let's look at some of these numbers because they're amazing. Retail sales for Walmart for the year ended January 31st, 2018 were $495 billion. This is the total amount that Walmart sold to you and me and other people around the world during the year. By the way, that's the world record. No company in the history of the world has ever sold more than that in one year. No one else is even close. By comparison, Apple sales during the same year…
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Contents
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Introducing financial statements1m 29s
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Overview of financial statements2m 28s
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(Locked)
The balance sheet3m 18s
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The income statement2m 37s
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(Locked)
The statement of cash flows4m 14s
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Debt and current ratios4m 2s
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Return on sales, asset turnover, and ROE3m 33s
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Price-earnings ratio2m 21s
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Forecasting financial statements2m 41s
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