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Bristol-Myers Squibb

We repeat the first five steps from Chapter 7 as a starting point in this analysis of Bristol-Myers Squibb (http://www.bristolmyers.com):

Step 1.
On the home page, go to “Investors” at the selection box running along the top of the screen.

Step 2.
Refer to the drop-down menu at the far left. Under “Financial Reports & Information,” go to the page identified as “Annual Reports.”

Step 3.
Go to the current year's link. In the following example, we went to the HTML format for fiscal year 2002. (Note: Even though some sites give you a choice between PDF and HTML, you often run into PDF pages within the HTML links.)

Step 4.
Refer to the “Contents” drop-down menu and go to the link for “Financial Review.”

Step 5.
Refer to the blue link, “Consolidated Statement of Earnings.” This comes up as an Adobe PDF format file. Here, we find a lot of valuable information we can use to judge the company's financial health. A summary (with certain information added, highlighted in italics) is shown here (in $ mil):


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