![]() Notes and Exhibits to Financial StatementsĪnnual reports are filed as 10-Ks with the SEC and must be filed within 60 days of the company’s fiscal year end.Primary Information Found in Financial Statements (Forms 10-K & 10-Q) Company filings are found on the SEC’s EDGAR website. Private companies are not required to file financial reports, although some may have to if they have publicly traded debt. Locating Financial StatementsĪll publicly-traded companies are required by the SEC to file quarterly and annual reports. ![]() ![]() Without financial statements, most valuation work would be difficult or nearly impossible. These are the summarized financial results of the company, and they are the backbone of financial modeling, company profiles and pitch book presentations. The SEC requires publicly-traded companies to file quarterly and annual results of operations. More discussion of this concept can be found at the end of this chapter.įinancial statements are issued by companies and reviewed by the Securities & Exchange Commission (SEC). Similarly, many items in the Income Statement directly reflect changes in Balance Sheet accounts over time, and must match the changes there. This change must exactly match the change in Cash balances listed on the beginning and ending Balance Sheets for the Company. For example, in the Statement of Cash Flows, a detailed account of the change in a company’s Cash balances is given. They are highly interrelated and must tie together perfectly. These financial statements all aim to provide an overview of a business’s performance and position, either over time, or at a given point in time. ![]() The purpose of this statement is to give a detailed reconciliation of how the company’s Cash is being used (and how much Cash is being generated). These activities are broken down into three primary categories: Operating, Investing, and Financing.
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