I don't understand them. A breif history of myself, I'm in management and I know quite a lot about how business is run, so I should be able to understand this. I'm also a very small time amateur stock trader. So here is my question. How can a company claim a large profit when a) cash is down a lot b) debt is up a lot c) assets are up. decrease in cash + increase of debt (net debt) + increase of assets = 0 How is that a large profit?