Please Help: Reading Financial Statements

Discussion in 'Community Discussion' started by Frisco, Mar 31, 2009.

  1. Frisco macrumors 68020

    Joined:
    Sep 24, 2002
    Location:
    Utopia
    #1
    I am looking at Caterpillars Financial Statement on Reuters.com

    In Millions:

    Quarter 1 Revenue 12,923

    Does 12,923 (In Millions) = $12,923,000,000?

    When it says in millions should I just add 6 zeros to what number they give?

    Thanks--this a bit confusing.
     
  2. Zombie Acorn macrumors 65816

    Zombie Acorn

    Joined:
    Feb 2, 2009
    Location:
    Toronto, Ontario
    #2
    That should be right. If it said 1 (in millions) it would be 1 million.
     
  3. Nickygoat macrumors 6502a

    Nickygoat

    Joined:
    Dec 11, 2004
    Location:
    London
    #3
    Yeah that's correct. $12.93bn

    You can do that if you want, although it makes calculations longer and makes the spreadsheet & presentation messier.
     
  4. Frisco thread starter macrumors 68020

    Joined:
    Sep 24, 2002
    Location:
    Utopia

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