#balance-sheet
Balance sheet preparation, analysis, and understanding assets, liabilities, and equity
Noncontrolling interest is the outsiders' slice of a controlled subsidiary: separate equity line, its share of profit, added back in every EV bridge.
A valuation allowance writes your deferred tax assets down to what future IRS taxable income can actually absorb — cumulative losses almost always force one.
FedEx's first calendar-year quarter: revenue up 12% on higher yields, but a $1.24B loss on its retained FedEx Freight stake cut net income 55% to $290M.
H&R Block lost $188.5M in its Q1 FY2027 off-season as costs grew 11% and revenue 10%; buybacks, dividends and the loss pushed equity to a $242M deficit.
Berkshire bought back $9.6B of stock in Q3 2026 and spent $16.2B on acquisitions this year, yet cash and T-bills rose to $377.4B as operating earnings fell 6%.
Rocket Lab Q3 2026 revenue rose 73% to $268M and backlog 52% to $3.57B; it sold $2.36B of new shares to fund the Iridium deal as its net loss widened to $80M.
ADP Q1 FY2027 pre-tax earnings rose $147M, $75M of it from interest on client and corporate funds, while those holdings lost $855M pre-tax in OCI.
BYD's Q3 2026 revenue rose 13.6% and attributable profit 28% to RMB 10.0B, but inventories reached RMB 221.6B, up 60% since December, funded by bills payable.
Novo Nordisk Q3 2026 sales rose 4% at CER to DKK 79.2B, but DKK 8.7B of impairments, including on its factory network, cut net profit 16% to DKK 16.7B.
Preferred shares the holders can put back sit in temporary equity, not equity — and quarterly accretion shrinks earnings available to common stock.
Starbucks FY2026 net income rose 36% to $2.5B on 2% revenue growth, while licensing out China stores cut total assets 11% and goodwill by $2.1B.
A cross-default clause turns one missed payment into a default on every loan — the triggers, thresholds, cure periods, and waivers that contain it.
