RepoToronto

I am looking into this pretty deep, but thats the only way to fully understand all the moving parts. Thanks, your explanation is pretty good. I get the jist that the P&L (net income) represents information over a period of time whereas the Balance Sheet (retained earnings) is at a point in time. Theoretically however, the net income should be the link to the balance sheet. I would need to build a model and tie it out to the penny to get this level of detail.

Thanks though, much appreciated!