Questions tagged [financial-statements]
The financial-statements tag has no usage guidance.
62
questions
0
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0answers
39 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 ...
0
votes
1answer
47 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 ...
0
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2answers
66 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 ...
0
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1answer
25 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,...
0
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1answer
45 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 ...
-4
votes
4answers
436 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 ...
1
vote
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 ...
1
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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 ...
0
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1answer
60 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 ...
1
vote
1answer
60 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 ...
0
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0answers
270 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 ...
0
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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!
0
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1answer
32 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 / ...
1
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0answers
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 ...
1
vote
2answers
198 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 ...
0
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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 ...
0
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0answers
172 views
Net Income Attributable to Parent vs Net Income after Tax?
What does net income attributable to parent mean vs just the net income after tax? Why is it different?
7
votes
2answers
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 ...
3
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0answers
179 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 ...
1
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1answer
215 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 ...
47
votes
1answer
9k 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?
0
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1answer
135 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....
1
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1answer
311 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 %...
0
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1answer
595 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?
1
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1answer
74 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 ...
1
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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 "...
1
vote
2answers
173 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 ...
2
votes
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/...
1
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0answers
930 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 ...
1
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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 ...
1
vote
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 ...
4
votes
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 ...
0
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2answers
59 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 ...
1
vote
3answers
402 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....
3
votes
1answer
113 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 (...
0
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1answer
250 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:
...
11
votes
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:
1
vote
3answers
15k 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 ...
0
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1answer
429 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)...
0
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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 ...
2
votes
2answers
123 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?
2
votes
2answers
10k 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-...
1
vote
1answer
696 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 ...
0
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1answer
456 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?
4
votes
2answers
296 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 ...
3
votes
2answers
696 views
How much accounting knowledge is needed to read financial statements of publicly traded companies?
"You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort ...
0
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1answer
52 views
How to do a direct cash flow statement given a stock ticker
Does anyone know of a good step by step process on how to generate a direct cash flow statement for a publicly traded company? I was able to look up their financial info (given their stock ticker) on ...
4
votes
2answers
4k views
What does F[YY]e mean in reporting
What does the term F[YY]e mean in financial reporting in India? I have seen reports these days to use the term F15e. Does this mean Financial Year end?
Googling on this does not yield a relevant ...
2
votes
0answers
81 views
Is it possible to calculate financials on indexes?
I want to calculate financials on a broad market index, S&P 500. For example, VOO tracks the S&P. I want to know the cumulative averages for:
Diluted Shares Outstanding
Total Assets
Total ...
2
votes
1answer
115 views
Balance sheets & bad debt accounts [closed]
I have a confusion as to whether bad debt accounts are factored into the accounts receivable of a company's balance sheet?
To clarify/illustrate my question,
If a company is expecting $3000 in ...
