The Cash Flow Statement: The truth beneath the income statement
AvailableIn 2002, Amazon reported its fourth consecutive year of net losses.
Worked example: Amazon — when GAAP losses hid a cash machine (2001–2006)
The Balance Sheet: The snapshot that reveals financial structure
AvailableOn September 15, 2008, Lehman Brothers filed for bankruptcy, the largest in US history at the time, triggering the most acute phase of the global financial crisis.
Worked example: Lehman Brothers — leverage visible in the balance sheet (2004–2008)
Red Flags: When cash flow and balance sheet signal fraud or deterioration
AvailableOn June 18, 2020, Wirecard AG (a German payment processor included in the DAX 30 index) announced that €1.
Worked example: Four red flag patterns — four cases