Finding the Data
The financial statements included with the SEC reports provide more detail than the statements provided by most Websites. But the financial sites usually present the data in a format better suited to analysis. For instance, most display several quarters, or years, side by side, making it easier to spot trends.
Multex Investor and MSN Money both provide easily readable financial statements. Multex reports the numbers exactly as reported to the SEC, while MSN Money subtracts D&A from cost of sales before computing gross margin.
MSN Money lists EBITDA as a separate line item, a big help when you're analyzing financial strength (see Chapter 10). Unfortunately, MSN Money's income statements combine R&D and SG&A expenses into one SG&A ...
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