The four components of an annual report typically include the following: A company’s financial statements, balance sheet, income statement, and cash flow statement—show its financial health. Discussion and Analysis of Management (MD&A): A written summary of the company’s performance that talks about important events and trends. Operations: A talk about how the business works, including details about its products, services, and markets. Additional Information: Any other relevant information, such as details about the company’s governance practices, risk management strategies, and sustainability efforts.