ShmoopTube

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finance a la shmoop what are 10K and 10Q filings well as the pros say 10Q

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very much yeah you know we had to go there sorry well they're just filings a [Girl filing her fingernails]

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different kind of filings legal filings papers or data

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well the 10K is the annual report and the 10Q is the quarterly report their

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note the Q in there yeah very clever naming their people well we have no idea

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why the K is there like shouldn't it have been a 10A fling equals annual

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anyway the filings contain the key elements that report to shareholders the [Man giving presentation to shareholders]

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progress or lack thereof that the company has made in the period it's

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reporting and these apply to public companies people privates don't

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necessarily file... well the K the Q have to contain an updated income statement [Income statement, balance sheet and cash flow statement appear]

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balance sheet and cash flow statement along with tons of notes on whatever

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business metrics the company regularly reports the number of people made sick

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by the lemonade the number a coal miner Barbies sold the number of Disney cruise

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passengers infected with Legionnaires disease and so on and if you're the CEO [Person puking off the edge of a cruise ship]

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or CFO of the company and you don't get your filings in on time well you'll be

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doing a different kind of filing so yeah 10K, 10Q they're really important

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don't ignore them...

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