Usually companies don’t include a lot of detailed information like that when they show an aggregated view.

It’s very nice of them.

Source: https://investor.capitalone.com/

Tool: SankeyMATIC

Source: https://investor.apple.com/investor-relations/default.aspx

Tool: SankeyMATIC

Source: https://today.yougov.com/topics/economy/trackers/us-stock-market-expectations and Google Finance

Tool: Google Charts

Source: https://investors.affirm.com/

Tool: SankeyMATIC

Source: https://trends.google.com/trends/?geo=US Tool: Google Charts

Businesses operate a bit different than individuals in this sense. The tldr of it is

Investing Activities are expenditures in long-term assets (think things that are depreciating such as cars and laptops).

Financing are things you do in the form of something equitable in order to fund the business. This is like receiving a loan or paying off debt in order to finance your Operations and Investments. Typically re-purchasing their own equity is them essentially buying up their own financing so they can keep more of their dividends as they feel sustainable with their cash on hand in the foreseeable future.

There is a lot going on for sure

Boom! You got it. I’m not an accountant, just an analyst. But cash flow is a really good way to see the health and direction of a business.

FYI - Waterfall is the more “corporate” way of doing a Sankey Diagram if you’ve seen those

Source: https://corporate.mcdonalds.com/corpmcd/investors.html Tool: Google Sheets

Didn’t include it actually. Typically I stop there cause it can get messy, but it’ll be right after Net Income in their Report.

Sankey. Typically reading their Investor Relations Quarterly/Annual Reports (formal version is a 10K) showing what’s called an Income Statement

Think they can flip a switch to make it easily profitable. Not buying 1-2 players and not offering as high of wages relative to other clubs.

It’s pretty much like an over-valued tech company - high potential and big brand name.

But also hear owners get extremely favorable tax benefits from being owners in a large depreciating asset.

Think they lost more on Matchday cause of COVID-19 policies. Includes the back half of 2021.

I’ve always heard when it comes to owning big sports clubs, it’s expected to take a loss every year in order to grow the club’s overall value cause they make their money on the sale of the franchise.