Questions tagged [financial-statements]

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ExxonMobil Cash Flow Statement: Proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments" [closed]

In ExxonMobil Annual Report 2019, In Cash Flow Statement. I found an account under the name "Proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns ...
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17 views

Recently I was studying financial statements of Refex industries 2011-2012

Recently I was studying financial statements of Refex industries 2011-2012, in cash flow statements in investing section purchase of fixed assets is written as postive cash flow how can this become ...
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1answer
81 views

When buying an insurance policy, is it necessary to analyze the credit risk of the insurance company?

When saving money in a bank, one does not have to worry about credit risks of the bank because there is deposit insurance. When buying insurance, do I have to worry about the credit risk of the ...
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22 views

Inventory Turn Ratio

I was reading the book Financial Statements by Thomas R. Ittelson. I had a basic doubt on the calculation of Inventory Turn which is the ratio of COGS (from the Income statement) and inventory (from ...
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1answer
45 views

Which is the day the quarterly reports are released to the public - filling date or accepted date? [closed]

I'm looking at an API of financial reports, and I am noticing a "fillingDate" and an "acceptedDate". "date" : "2019-09-28", "symbol" : "AAPL"...
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1answer
45 views

Calculating Dividends paid out and Div ratio from finance sheets

So I was trying to calculate the dividends a company paid out from the balance / income sheet and the retained earnings (the delta between this and last period). I thought the dividends paid could be ...
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44 views

What is the revenue cost of the company?

I am analysing the 10-K form of an entertainment company. I would like to know, what are the revenue costs? For a service company, do expenses equal costs of revenue? Since for example in other 10-K ...
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1answer
48 views

Why is the 'Cash/Equivalents, Start of Period/End of Period' not the same?

On Walmart's cash flow statement here: The 'Cash, Equivalents, Start of Period' for 2018 is the same as the 'Cash, Equivalents, End of Period' for 2017 (6,867.0). (Please be aware, years are going ...
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2answers
115 views

Are shareholders and tax collectors shown the same financial statements?

Companies publish annual financial statements directed at shareholders. Are these financial statements the same as those given to the tax collector? Do companies report the same profits to their ...
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1answer
37 views

How to compare revenue of companies with different reporting dates? To account for different economic situation?

Let's say there are two companies that have different reporting months for annual reports. Company "C12" report on 12 month and "C8" on 8 month. Now consider the timeline of possible events: 2000-1,...
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1answer
49 views

What are the non current assets in a balance sheet?

In order to know if companies are conservatively financed I query an API that gives me the financial information. Yet when if the information it gives for the current assets, I can't understand what ...
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4answers
468 views

Someone wants to give me lots of money [duplicate]

This is a real story. About 6 months ago, someone asked me to help her to solve her financial problem. I didn't know about her at all. At that time, I replied as ... Sorry, I want to help you but I ...
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0answers
27 views

Historical Actual and Estimated Earnings announcements for EUROPEAN listed companies! [closed]

I am searching a reliable database for extracting historical quarterly earnings data (Actual and Estimates) FOR EUROPEAN companies going back at least from January 2014. I have access to WRDS database ...
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1answer
61 views

What's the meaning of “The agent quotes the bid price …”?

I'm studying an article about High-frequency trading. I'm very new at financial market so maybe my question is very simple. In the article writers said "The agent quotes the bid price...". What's ...
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1answer
64 views

Profit and loss statement without any sales [closed]

What would I put for the "cost of sales" in a profit and loss statement if I don't have any sales? I have purchased a lot of inventory, but as of now, I don't have any sales. Do I put 0 or a ...
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1answer
62 views

Does the term “intrinsic value of a company” include prediction of future earnings?

According to the website, https://www.investopedia.com/ask/answers/05/bookvintrinsic.asp the intrinsic value is defined as "measure of value based on the future earnings a company is expected to ...
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285 views

Could anyone explain these kinds of transactions on paypal?

From the following transaction history, we could see that Despiau Bruno (Probably fake name) added 229.22 USD to my paypal account. Then he, without my knowledge, use it to buy 225x Kaspersky Internet ...
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1answer
44 views

ARAMCO's financial statements [closed]

Can anybody explain me how come that ARAMCOS financial reports are available to the public while its not publicly traded company. Thank you!
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1answer
33 views

What are all the possible filing types a public company can submit to sec.gov

Example using Apples most recent 10-Q filing https://www.sec.gov/cgi-bin/viewer?action=view&cik=320193&accession_number=0000320193-19-000076&xbrl_type=v. Where can I find a list / ...
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93 views

Why BAC company has “Gross Profit” reported every day?

I was looking into performance of BAC (Bank Of America Corp) and noticed very strange thing - it reports "Gross Profit" almost every day. See attached image and the link. Why is it so, is BAC a ...
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2answers
259 views

Negative line items under Revenue/Gains in a P&L / Income statement

I'm new to managing a P&L and currently have a document like this... Revenue/Gains/Top-Line --Sales on Product 1: 10,000 --Sales on Product 2: 20,000 --Returns on Investment 1: 10,000 --Returns ...
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2answers
138 views

CDOs before the 2007 crisis

I read somewhere that before the financial crisis of 2007 the financial instruments (CDOs) were so complex that the investors could not analyze them. Were they just complex or was there no public ...
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2k views

Why are goodwill impairments on the statement of cash-flows of GE?

Consider the General Electrics 10-K report for 2018. In the statement of cash flows they report 22,136 million of cash gains attributed to (apparently positive) goodwill impairment in the value of ...
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0answers
197 views

Sum of quarterly reports is not equal to annual reports

I am trying to calculate a stock's worth and in doing so I am adding values of all the four quarters from quarterly reports but it is not equal to the value in the annual report. I am trying to ...
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1answer
248 views

What is the origin of the name of Form 10-K?

I am assuming that Form 10-Q stands for quarterly, though I can't derive a good reason for the 10. Wikipedia: The name of the Form 10-K comes from the Code of Federal Regulations (CFR) designation ...
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1answer
10k views

Numbers in parentheses in financial statements?

In financial statements numbers are sometimes given with parentheses around them, while other numbers appear without parentheses. What does it mean if a number is enclosed by parentheses?
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1answer
148 views

Understanding auto insurance policy bills

I really have a hard time understanding my auto insurance bill/policy. In my case, it's AAA. For example, for 2017 I get the following policy for my car: Now, on Dec 12 I add another car to my policy....
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1answer
319 views

Accounting Question - Combining Vertical Analysis with Horizontal Analysis of financial statements?

Firstly I understand the concept of vertical analysis (representing line items as percentage of either total asset or revenue), and horizontal analysis (calculating the year-on-year changes or %...
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1answer
721 views

Meaning of “rat race” in the book of Rich Dad Poor Dad? [closed]

I want know what exactly rat race is and why most of the people fall into that trap?
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1answer
76 views

Differing Trailing PE Ratios Yahoo Finance and Reuters and Industry PE

For example, consider XRX. Is the differing PE Ratio of between Reuters and Yahoo Finance simply because one made a mistake? Ideally, I'd like Reuters' answer to be correct since they display ...
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1answer
1k views

How to enter correct amount in Non-US tax return in CSS Profile?

My question is regarding the vagueness of the point underlined in red in the picture below. How can I differentiate what amounts to put in "wages, salaries, commissions and tips" and the amounts from "...
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2answers
218 views

Why are quarterly EPS values different on different sites?

Looking up EPS values for several companies I noticed that sometimes webpages (e.g. marketwatch.com, iextrading.com) report different values than the ones found on the SEC 10-Q filings. Why does this ...
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1answer
32 views

Why is EPE Energy's Revenue different between Nasdaq and Morningstar? understanding financial statements

Why is EPE Energy's Revenue different between Nasdaq and Morningstar? Below are the two numbers, am I missing something? says revenue is 1.066 billion for 2017 https://www.nasdaq.com/symbol/epe/...
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0answers
940 views

How is Debt to Equity ratio calculated in moneycontrol and screener.in?

I am trying to understand how Debt to Equity is calculated in websites such as moneycontrol.com and screener.in For e.g, if we look at Debt/Equity for STRTECH for Mar 2018, it's shown as 1 in both ...
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1answer
71 views

Is there any resource that provides a list of the most used/common components of the different statements (e.g. balance sheet) of an annual report? [closed]

I am looking for a resource that provides a list of a "perfect": statement of financial position (balance sheet) statement of earnings statement of cash flow containing components (e.g. for the ...
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1answer
60 views

Why is 8K Q4 income statement metrics be different from the difference between 10-K and the Q1-Q3 metrics?

For SEC filings, why would 8K income statement metrics be different from the 10-K metrics? Ie. share count reported in the 8K quarter 4 report is different from share count in 10-K Why can't you ...
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1answer
2k views

How to read “Change in Dividend Accruals”?

This is from an Interactive Brokers monthly statement. My question is, how much of the AUD 36.06 dividend was actually payed out to the account after tax? And how do I read the lower table with the ...
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2answers
61 views

No revenue breakdown in public corporation's balance sheet?

I was reading the annual report for Adobe Systems and there appeared to be no breakdown showing how much revenue was attributable to each of their "products". They just give one big figure of $3 ...
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3answers
436 views

Paying salary to a shareholder when the business has no revenue

I'm trying to learn about financial statements and taxes in Canada. And I'm curious if I understood something correctly when a business has zero revenue, but still pays the sole share holder a salary....
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1answer
115 views

How to get visibility into contributions to assets

I'm using double entry with Assets, Expenses, Income, Liabilities, and Equity. To illustrate my question with easy round numbers: Income one month is 10k; 5k goes into an asset like a 401k account (...
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1answer
252 views

Bank - bad loan provision & bad debt written off [closed]

I am doing financial health analysis for banks. The health checks involved are: Bad Loan provisions > actual Bad Debts written off ? I check across financial statements, there are 3 related fields: ...
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1answer
2k views

Presenting negative numbers using parentheses: where does this practice come from? [closed]

The standard accounting way is always to show negative numbers in parentheses. Where does this practice come from? For example, this cash flow statement use parentheses indicate negative values:
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3answers
16k views

How to find a public company's balance sheet and income statement?

In the U.S., if a company's stock is publicly traded, it is legally required to file public financial disclosures to Securities and Exchange Commission. How can I find the balance sheet and income ...
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1answer
449 views

Financial statement analysis when interest received exceeds interest expense

I am conducting financial statement analysis on Apple and I noticed that the company has interest received that exceeds interest expense. In Apple's 2016 10-K form page 27 shows "Other Income/(Expense)...
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2answers
122 views

Income statement- amortization and depreciation

I am teaching myself financial modelling and I am looking at income statements. I have come across tutorials that calculate EBITDA through the calculation: Gross profit - SG&A Underneath the ...
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2answers
124 views

Which capital structure is riskier for a company?

This is a bit obvious but just want some confirmation. What is riskier in a company: High debt and low equity or low debt and high equity? Why?
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2answers
11k views

Why do bank statements end on *SUCH* wildly inconsistent days of the month?

When I look at when I get my bank statements, I have a hard time finding any bank that is consistent. Bank of America is a particularly good example of how erratic these can be: Statement until 2016-...
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1answer
750 views

How do I cash a lottery check without proper ID?

I won a sum of money from the California State Lottery, I don't have an ID card from the state of California. I have an out-of-state Washington paper ID and a birth certificate. Can I cash my check ...
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1answer
470 views

Restated financial statements versus the original

Is there any reason you would want to look into the original statements if you have the restated available?
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2answers
298 views

How has this compound interest been calculated?

I'm trying to recreate a credit account statement from mathematical principles in order to verify its veracity. This is because I suspect I've been charged an additional payment after supposedly ...