From time to time, I publish a series of articles on a specific company or topic.
Here are some of the most popular ones...
Want to learn about financial statements? These articles will teach you about the income statement, balance sheet and cash flow statement.
The cash flow statement shows us where a company's cash came from, and where it went.
An income statement takes all the revenue and expenses of a company and parcels them out in regular one-year intervals. It's like the difference between a free-flowing stream and an engineered lock.
A very brief overview of what a balance sheet has to say for itself, using Apple's 2015 annual report as an example.
Apple has a strange problem: too much cash. We look at shareholder pressure tactics and Apple's aggressive tax avoidance strategies. Start with the earliest one, "Core Problems at Apple."
Apple and the European Commission have both kissed the Blarney stone.
Apple's wealth is not simply the result of great products. It's also the result of a concerted attempt to avoid paying taxes on its earnings.
How Apple managed to distribute its cash without actually solving its problem.
How a hedge-fund investor got Apple's attention.
What happens when a company has too much money?
Canada's only satellite radio company somehow managed to pay no income tax on $1.6B of revenue, despite paying huge dividends to its shareholders. We learn how. Start with the earliest one, "R U Sirius?"
Tax assets can be unlocked by a merger.
How can a company make $28 million in income tax payments disappear?
How Sirius XM Canada manages to pump huge amounts of cash out to its shareholders while paying no income tax.
How does Sirius XM Canada make money? And what about that income tax expense?
How can a company pay huge dividends but never pay income tax?
Photo of a series of coffee cups, handmade by Bev Brown of Edmonton, taken in 2015.
Note: the articles are listed blog-style, with the latest article at the top. Can't fix this until Squarespace gives us the ability to control sort order. Until then, start at the bottom. Thanks for your patience.