Annual Reports and 10-K Reports
These annual reports (and annual 10-K reports)can be a unique and vital source of company information.
An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance.
They may be considered as grey literature. Most jurisdictions require companies to prepare and disclose annual reports, and many require the annual report to be filed at the company's registry. Companies listed on a stock exchange are also required to report at more frequent intervals (depending upon the rules of the stock exchange involved).
Typical annual reports will include:
- General Corporate Information
- Accounting policies
- Balance sheet
- Cash flow statement
- Contents: non-audited information
- Profit and loss account
- Notes to the financial statements
- Chairpersons statement
- Director's Report
- Operating and financial review
- Other features
- Auditors report
In the United States, a more-detailed version of the report, called a Form 10-K, is submitted to the U.S. Securities and Exchange Commission. A publicly held company may also issue a much more limited version of an annual report, which is known as a "wrap report." A wrap report is a Form 10-K with an annual report cover wrapped around it." (from the Wikipedia)
Two good ways to find annual and 10-K reports are Search company name in the EDGAR database, or, search for the company name in our Mergent Online database and then click on the "company financials" tab, and then on "reports."
Last Update: December 16, 2019