How to Read, Analyze and Understand Financial Statements: Revised

This article is written as an explanation of how to read, analyze and understand financial statements. The focus is on simplicity and ease of understanding. It will expose the reader to the three main financial statements, Income Statement, Balance Sheet and Statement of Cash Flows. The Nike Company is used as a continuing example throughout. Nike’s financial statements are described and analyzed to better understand how to read them and get value in so doing.