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Finance: What are a 10K and 10Q? 57 Views


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Description:

What are a 10K and a 10Q? A 10K is an annual report and a 10Q is a quarterly report. These reports are filed by public companies and contain vital information about the company’s financials and future plans and projections.

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Transcript

00:00

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

00:09

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

00:13

different kind of filings legal filings papers or data

00:17

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

00:23

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

00:27

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

00:32

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

00:36

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

00:40

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

00:44

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

00:48

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

00:52

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

00:57

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

01:01

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

01:05

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

01:10

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

01:14

don't ignore them...

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