The three main financial statements regularly produced by publicly traded companies are the income statement, balance sheet and statement of cash flow. Both the income statement and the balance sheet are essentially statements of the company's value, although laid out from different perspectives. They also differ in that the income statement represents the company's value measured over the time period covered by the statement, usually quarterly or annually, while the balance sheet is more of a snapshot of the company's financial condition reflecting only the specific time at which the balance sheet report is produced.