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I think a lot of us agree that financial statements can be quite confusing and intimidating, but understanding these reports is a skill that you want to have, especially if youre an analyst, manager, entrepreneur, or you want to be an investor. So, in this video, Im going to break down Apples latest balance sheet in simple terms. By the end of the video, youre going to be able to read and analyze it and youre going to be able to draw your own conclusions about a companys financial health. Lets go! So, either you already have financial statements to analyze, or you download these reports directly from the companys website. Usually, youre going to find them in the Investor Relations section. What were after are the reports called 10-K, which is for the full year and 10-Q for the quarter. They look like this. This one is for Apple, and we can see its a 10-K, its an annual report for the fiscal year that ended September 25th, 2021. Now, when we scro