How to Read a Financial Statement, by Oracle's Mark Hurd

We covered over the company name, Smith & Wesson, on the statements and asked Hurd how he would review them.

There are two sets of financial statements, the income statement and the balance sheet, and they work in concert. If you want to get to the health of a company, you have to look at both. What we have here is an income statement. It’s going to take you through things like revenue and expenses and tell you about the profitability of the company. That profitability generally turns into cash flow and brings you to the balance sheet.