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Seminar 6
- 1. 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
- 10. Income Statement
- 20. Statement of Cash Flows
- 26. Cash Flows from Operating Activities
- 28. Cash Flows from Investing Activities
- 30. Cash Flows from Financing Activities
- 31. Cash Flows (CL)
Notes de l'éditeur
- 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.
- 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.
- 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.
- - Net losses will occur when expenses exceed revenues, common in new companies, esp. those that are capital intensive in the initial phases
- Since this is a very dense class, perhaps we could just go quickly through cash flows, and just explain briefly what this might mean
- 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)
- - 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.
- - 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)
- - Repurchasing stock in the market is also referred to as Treasury Stock and often listed in the Equity section of the B.S.
- - 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
- - 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
- - 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