What Should I Look for in an Annual Report?

I'm diving into some annual reports for the first time and would love to hear how you all approach them. Are there specific sections you find most useful, or trends you look for? I'm particularly interested in how companies present their financial health and future outlook. Do you usually focus more on the numbers, or do the management's comments and analyses weigh heavily in your decision-making? Also, any companies you think do this well? Just trying to sharpen my skills and make better investment choices, so any tips would really help!