How'd ya do this year? Financially speaking...
That's really all an annual report is. A report card with dollar signs. Generally, in public companies, an annual report covers the three legs on the stool of financial reporting: an Income Statement, a Cash Flow Statement and a Balance Sheet.
If we're talking about a public company in the U.S., investors already know much of the information by the time the annual report comes out. That's because the company puts out regular quarterly earnings statements. However, the annual report is often more detailed. There's rarely information that will move the stock (though every once in a while, the company tries to sneak something in), but real investing nerds like to dive into the minutiae and then ask questions on conference calls that make Elon Musk yell at them.
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Finance: What are a 10K and 10Q?57 Views
finance a la shmoop what are 10K and 10Q filings well as the pros say 10Q
very much yeah you know we had to go there sorry well they're just filings a [Girl filing her fingernails]
different kind of filings legal filings papers or data
well the 10K is the annual report and the 10Q is the quarterly report their
note the Q in there yeah very clever naming their people well we have no idea
why the K is there like shouldn't it have been a 10A fling equals annual
anyway the filings contain the key elements that report to shareholders the [Man giving presentation to shareholders]
progress or lack thereof that the company has made in the period it's
reporting and these apply to public companies people privates don't
necessarily file... well the K the Q have to contain an updated income statement [Income statement, balance sheet and cash flow statement appear]
balance sheet and cash flow statement along with tons of notes on whatever
business metrics the company regularly reports the number of people made sick
by the lemonade the number a coal miner Barbies sold the number of Disney cruise
passengers infected with Legionnaires disease and so on and if you're the CEO [Person puking off the edge of a cruise ship]
or CFO of the company and you don't get your filings in on time well you'll be
doing a different kind of filing so yeah 10K, 10Q they're really important
don't ignore them...
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