Finance Industry -- SEC Filings & Annual Reports
SEC Filings and Annual Reports
"The annual report and 10K are similar documents. Both show what the company has done during the previous year and on a longer-term basis. However, you need both because the annual report doesn't always reveal certain sticky financial details, while the 10K doesn't give you much of the flavor of the company's management and personality."
Annual Reports -
U.S. and International
SEC Filings
How to Read a
Financial Report (Merrill Lynch)
Excellent overview of how to read financial statements, footnotes,
and MD&A sections of the annual report/SEC Filings.
Where to Get Financial Data on a Company, and How to Interpret It
Annual Reports - U.S. and International Public Parent Companies
- Not an "official" SEC filing
- Read for:
- President's Letter to Shareholders - good summary of past year's financial and strategic successes and failures and stated goals for coming year
- Financial highlights
- Identification of top management
- Not available on free EDGAR/SEC Filing web sites
Corporate Web Site
- Virtually all public (and some private) companies post 2-5 years of annual reports on corporate web site
- Look for the Investor Relations/Company Information section
- Includes Annual Reports of U.S. and international public companies
- Click Companies>Filings tab for most recent Annual Report
- Click Filings List to access back to 1996
Report Gallery
Locate annual reports by company name, by ticker
symbol, by sector, or by industry. Once a company is found, it can
be viewed in either HTML or PDF format.
CAROL (Company Annual Reports
On-Line)
Locate annual reports by company name, sector, region
and or stock exchange. Includes U.S. and European company reports.
Click on IR Links at the top of tha page to access links to stock
exchanges world-wide and professional bodies.
Corporate
Direct
Locate Japanese company Annual Reports by company name or industry.
SEC Filings
What are SEC Filings?
SEC Requirement Checklist: Disclosures and Reporting Mandated by Sarbanes-Oxley
- Filings required of U.S. public parent companies by the Securities Exchange Commission (SEC)
- International companies with securities traded in the U.S. must also file (20F)
- Descriptions
of the Most Common Corporate Filings
Most frequently referenced filings:
- 10K = company's annual financials
- 10Q = company's quarterly financials
- 8K = disclosure of unscheduled significant events
- DEF 14A (Proxy Statement) = matters voted on at annual shareholders meeting
- 20F = annual filing of non U.S. public parent companies trading in the U.S.
Corporate Web Site
- Virtually all public (and some private) companies post 2-5 years of annual reports on corporate web site
- Look for the Investor Relations/Company Information section
- Includes Annual Reports of U.S. and international public companies
- Click Companies>Filings tab for most recent Annual Report
- Options to download filings into Word .rtf and financials into Excel
- Free SEC filing web site
- Access to U.S. company SEC filings (20Fs not included)
- Hyperlinked Table of Contents for easy navigation
- Financial statements tagged for downloading into Excel
- Downloads filings in Word .rtf
What You Find in a 10-K
- Item 1: Business
- Item 2: Properties
- Item 3: Legal Proceedings
- Item 4: Submission of Matters to a Vote
- Item 5: Market for Securities
- Item 6: Selected Financial Data
- Item 7: Management Discussion & Analysis (MD&A)
- Item 7A: Market Risk
- Item 8: Financial Statements
- Item 9: Change in Accountants
- Item 10: Directors & Executive Officers
- Item 11: Executive Compensation
- Item 12: Ownership
- Item 13: Relations & Transactions
- Item 14: Controls & Procedures
- Item 15: Exhibits, Schedules, and Reports on Form 8-K
- Signatures & Certifications
What You Find in an 8-K
- 1: Changes in Control of Registrant
- 2: Acquisition or Disposition of Assets
- 3. Bankruptcy or Receivership
- 4: Changes in Registrant's Certifying Accountant
- 5: Other Events and Regulation FD Disclosure
- 6: Resignations of Registrant's Directors
- 7: Financial Statements and Exhibits
- 8: Changes in Fiscal Year
- 9: Regulation FD Disclosure
- 10: Amendments to the Registrant's Code of Ethics or Waiver of a Provision of the Code of Ethics
- 11: Public Notice of Pension Fund Blackout Period
- 12: Public Release of Non-Public Information Regarding Results of Operations or Financial Condition for a Completed Quarterly or Annual Fiscal Period
