We've covered a lot in this course.

I hope you feel more confidant with your ability to look at the profit and

loss statement, the balance sheet, and the cash flow statement, and

have a better idea of what's going on.

Don't worry if you don't feel 100% comfortable.

It's a learning process.

It's not something you just download and master, at least not yet.

Maybe in our lifetimes, depending on how things progress,

but that's a separate issue.

You have an enhanced vocabulary now, and a better overview.

In this section of the course, I'm going to show you how to retrieve financial

statements from publicly listed companies, how I typically read annual reports,

and talk through a few other concepts related to financials.

Let's get started.

Maybe you're already working in a finance or accounting department, or have

PNL responsibility to company, so you're looking at financial statements regularly.

For many of us though, that's not a regular part of our day to day.

Fortunately, because of public markets, we already have access to the financials

of hundreds of companies of various sizes and

ages across a wide variety of industries and geographies.

In the US, the Securities and Exchange Commission, or SEC,

is a federal agency that oversees, among other things, publicly listed companies.

The SEC requires publicly listed companies to disclose certain types of information,

and one of those requirements is a Form 10-K.

In the teacher's notes,

there is a link to more details on SEC requirements in case you're curious.

There are other governmental bodies in different countries which

provide a similar function to the SEC.

Let's track down the financial statements of a US based company, and afterwards,

the financial statements of a company listed in Singapore.

So I'm gonna go to Apple and look for their financials.

Usually at the bottom of the page there'll be, for a large publicly listed company,

there'll be a link to investors or investor relations.

And here I am in the investor relations section of Apple's website.

You can see there's the stock price financial information,

SEC filings, leadership and governance and more.

So I am going to download their 10-K.

Let's look at the SEC filings section.

We see there's different filters that we can apply.

I can look at Annual filings, Quarterly filings, and I can also change the year.

So I wanna get the Annual filing section.

And here's their most recent 10-K, which is for the fiscal year of 2018.

So you can download it in a few different file formats.

I'm gonna download their PDF.

And in the next video we'll go through the 10-K in detail.

Now let's get the financial statements for United Overseas Bank,

or UOB, a Singapore-based publicly listed company.

I'm gonna go directly to their investor relations page, hopefully yes, here we go.

And you can see there's a link to the annual report.

Let's see what happens when I go to Investor Resources.

Well, these look like strategies.

Let's go back Financials,

And again, you can filter by year.

And here's their filing for the fiscal year ending December, 2018.

Got a letter, and then yeah, you get into the financial statement.

So you can see that, not only do US companies have publicly

available financial statements, but in countries all around the world you'll be

able to track down financials for publicly listed companies, as well.

Of course, there are also other websites and

services that have company financial information.

There's no shortage of financial statements on the internet that you can

easily retrieve, so even if you don't have access to your company's financial

statements, You can still practice and conduct analysis on other entities.

In the next video,

I'll show you how I go about reading a 10-K from a publicly listed company