Harvard Business Review

SEPTEMBER 16, 2016

For example, at the end of its 2015 fiscal year, Apple’s balance sheet stated tangible assets of $290 billion as a contribution to its annual revenues, with approximately $141 billion worth of intangible assets — a combination of intellectual capital, brand equity, and (investor and consumer) goodwill.

Balance Sheet 13

Balance Sheet Assets Insurance Operations 13

Harvard Business Review

AUGUST 5, 2014

2013 had all the signs of being a comeback year for venture capital. Yet 2013 annual industry performance data from Cambridge Associates shows that venture capital continues to underperform the S&P 500, NASDAQ and Russell 2000. The industry realized its highest returns since the Internet boom. Well, it depends.

Compensation 21

Compensation Assets Balance Sheet Marketing 21

Harvard Business Review

FEBRUARY 26, 2018

Twitter reported a loss of $79 million before its IPO, yet it commanded a valuation of $24 billion on its IPO date in 2013. In the 2016 book The End of Accounting , NYU Stern Professor Baruch Lev claimed that over the last 100 years or so, financial reports have become less useful in capital market decisions.

Balance Sheet 8

Balance Sheet Assets Revenue Accounts 8

Harvard Business Review

MARCH 31, 2015

Home Depot ’s hack, compromised 65 million customer credit and debit card accounts. During the 2013 holiday season shopping period, Target was the object of then the biggest cyber attack on a retailer. Breach-related costs are estimated to be around $62 million. In the beginning of October, 2014, the largest U.S.

Balance Sheet 13

Balance Sheet Cash Flow Banking Assets 13

Harvard Business Review

NOVEMBER 6, 2013

These factors have led to questions over the quality of banks’ balance sheets and whether many of the loans extended in recent years can actually be repaid, raising further doubts over the sustainability of the debt-fueled model. If the party leaders do tackle these reforms, success is far from assured.

Balance Sheet 8

Balance Sheet Government Revenue Sales 8

Harvard Business Review

FEBRUARY 14, 2014

Not only can natural gas be used as a feedstock for chemicals, fertilizers, pesticides, paints, plastics, and cosmetics, in 2013 the Cummins Corp. It shifted debt from the private side of the country’s balance sheet to the public side. The same amount of natural gas cost about $14 in Europe, $15 in China, and about $16 in Japan.

Balance Sheet 8

Balance Sheet Energy Biotech Engineering 8

Harvard Business Review

APRIL 14, 2015

To find out which school of thought is more accurate, we looked at the value of brands and customer relationships as revealed by M&A data covering over 6,000 mergers and acquisitions worldwide between 2003 and 2013.

Balance Sheet 15

Balance Sheet Assets Marketing Accounts 15