AT&T Q3 2026 Earnings: The $891M Quarter That Exited Mexico
AT&T Q3 2026: $32.3B revenue (+5.3%, a beat) but $891M net income (-90%) as a $2.6B Mexico write-down laps the $5.5B DIRECTV gain.
#financial-statements
Financial Statements
Understand and prepare balance sheets, income statements, and cash flow reports
Depreciation Methods Compared: Straight-Line, Declining-Balance, Units-of-Production, and Sum-of-the-Years'-Digits
All four depreciation methods expense the same total — they differ only in timing. Compare formulas, salvage-value handling, and when each fits.
The Management Representation Letter, Explained: What Your Auditor Asks You to Sign at Fieldwork's End
Refusing to sign your audit representation letter forces a disclaimer of opinion — learn what AU-C 580 requires you to certify.
Alcoa Q3 2026 Earnings: The $483M Quarter That Pre-Funded a $3.1B Alumina Bet
Alcoa Q3 2026: $483M net income (+108%) on $3.7B revenue as $2.6B of new notes pre-fund the $3.1B AliGroup deal.
Financial Statement Footnotes, Explained: What the Notes Reveal That the Numbers Hide
Footnotes disclose the policies, contingencies, and related-party deals behind your numbers — lenders read them before approving your loan.
Uncategorized Income and Expenses in QuickBooks, Explained: Where Mystery Transactions Come From and How to Clear Them Before Tax Season
Uncategorized Income is where QuickBooks parks deposits it can't classify — find it on your P&L, recategorize each item, and fix the bank rules that made it.
Units-of-Production Depreciation, Explained: How to Turn Lifetime Output Into a Per-Unit Write-Off
Divide cost minus salvage by lifetime output for a per-unit rate, then multiply by actual production — ideal for equipment with uneven usage.
What Is a Classified Balance Sheet? Current vs. Non-Current Sections, What Each Subtotal Tells a Lender, and How to Build One From Your Trial Balance
A classified balance sheet sorts assets and liabilities into current and non-current sections — the subtotals behind working capital and the current ratio.
H&R Block FY2026 Earnings: The $736M Tax Machine That Books 61% of Revenue in One Quarter
H&R Block FY2026: $736.3M net income (+20.8%) on $3.95B revenue, flattered by an $84.1M IRS settlement; adjusted EPS up 13.9% to $5.31.
How to Account for Patent Costs: What You Capitalize, How Amortization Works, and When to Write Off a Dead Patent
Patent filing and legal fees are capitalized, not expensed — then amortized over the shorter of 20 years or useful life under Section 167.
Jefferies Q3 2026: Record $818M Advisory Inside $2.22B of Net Revenues — and a Profit Revised Up
Jefferies Q3 FY2026: record $817.8M advisory (+25%) and $626.2M equities (+29%) in $2.22B net revenues; the 10-Q revised net income up $24.2M on a tax benefit.
Lam Research FY2026: The $23.2B Machine That Etches Every AI Chip
Lam Research FY2026: revenue +26% to $23.2B at a 35.3% operating margin, and an $8.10B September guide on foundry demand.