Questions tagged [financial-statements]

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53 views

Unable to reach the values of Cash Flow Statement of FTS Fortis Inc

I am studying the cash flows statement of Fortis Inc. with the ticker symbol FTS. I am unable to reach the values for equity component, gain on disposition, working capital, changes in long-term ...
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1answer
39 views

Are companies listed on Euronext Growth and Euronext Access required to publish financial statements?

Companies listed on the Euronext stock exchanges are classified into "Euronext", "Euronext Growth" (formerly known as Alternext), and "Euronext Access" (formerly known as ...
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2answers
65 views

How important is it to read the sections of an annual report that are not part of the financial statements?

Annual reports of companies seem to always include multiple sections before the financial statements. For example, "financial highlights", "chairman's letter", "CEO's report&...
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52 views

Is the fundamental data provided by financial websites generally comparable across companies?

On financial websites such as Yahoo Finance, is the fundamental data generally comparable across companies? For example, is it reasonable to compare the net profit of PepsiCo, Inc. to the net profit ...
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1answer
49 views

EPS of TopBuild Corp. (BLD) was 2.02 in last earnings call, how?

I'm fairly new to the world of finance and I'm learning how to analyze financial statements of publicly traded companies. I came across the latest quarterly report (Q1 2021) of TopBuild Corp. (BLD), ...
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1answer
124 views

Is Nike paying income taxes as news media reports? [closed]

There have been articles written, Nike paid no Federal Income tax in 2020. However, looking at its Annual Report below, I see income taxes. So how are these news articles saying this? No Federal ...
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1answer
177 views

Why does eBay's 2018 Form 10-K filing show a different net revenue for 2018 than in its 2020 filing?

eBay's 2018 10-K filing declares a net revenue for 2018 of $10.746 billion. eBay's 2020 10-K filing declares a net revenue for 2018 of $8.650 billion. Why is there a discrepancy?
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17 views

Distinction between ROCE formulas

I am interested in the distinction in the following formulas for ROCE. The first one is from Financial Management for the academy profession program by L. Hansen, T.R. Jensen, and M. Dalboge. But ...
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2answers
92 views

Can long-term assets ruin the balance in the balance-sheet?

I'm coming from non-accounting and non-finance backgrounds. I need help in form of understanding through a question. I want to ask about something related to the balance of a balance-sheet. ...
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2answers
3k views

Revealing personal information on a bank statement

I am an international doctoral student at a US university. My school asks me for a proof of funds to cover the expenses of my spouse. I therefore requested a bank statement. However, my statement ...
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3answers
849 views

What are the implications for GameStop as a company in the aftermath of the current share price surge?

The way that the current short-squeeze of GameStop stock works has been well covered elsewhere and the position of the two investment sides has also been quite clearly documented, but what impact is ...
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2answers
75 views

Cash basis vs accrual basis accounting

I'm very new in accounting and currently reading about the financial statement facing a point that got me stuck. Why is it necessary to construct financial statement on accrual basis rather then cash ...
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32 views

Do end of year statements take longer to generate than mid-year statements?

I logged into several of my retirement accounts to download all of their most recent quarterly statements and found a few did not have their statements rendered yet for download. Is there some ...
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2answers
71 views

missing gross profit in financial report

I notice that some financial reports miss gross profit or cost of revenue. This often happens in Software companies. Does this mean the cost of revenue is zero? I attached a financial report for ...
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22 views

Difference in Boeing's EBIT between 10k and Aswath Damodaran's DCF evaluation sheet

I am using the Aswath Damodaran sheet on valuation. http://pages.stern.nyu.edu/~adamodar/New_Home_Page/spreadsh.htm I am specifically using fcffsimpleginzuCorona. I am also following his guide for it ...
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28 views

Financial Plan: Monthly changing MRR

Not sure if this is the correct subforum of StackOverflow, but let's give it a try. I'm currently creating a financial model for a startup, and the monthly recuring revenue per customer changes ...
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1answer
48 views

Research and Development Costs Not Shown on SEC Income Statements

I'm new to analyzing company financial statements (specifically, Income Statements). I noticed that some companies do not have Research and Development costs reported on their Income Statements, and I'...
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1answer
58 views

Income Statement Question — Confusing Operating Expense Calculation?

I'm completely new to looking at company financial statements for analysis, so please correct any misconceptions I have here. I'm having trouble with reading an Income Statement. I am looking at the ...
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2answers
130 views

reconcile yearly credit card statements

Background: My clients get credit card statements every year. He wants me to find out that whether the Bank is going fair calculation or not. Question: Is there any quick and accurate way to do the ...
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27 views

How to calculate the Return on Equity from the Bank's Financial Statements?

The annual report for SBI may be found here. The snapshots of the balance sheet and income statements from this report are: Balance Sheet: ** Income Statement: ** Now, using the return on equity ...
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85 views

How to convert foreign financial statements to USD?

I have a company I am researching and want to do DCF analysis on, however this is a Canadian company and the financial statements are in CAD. I tried looking all over the internet for those financial ...
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1answer
169 views

Cash flow Analogy

I want to understand and/or get a more intuitive feeling of different financial terms from financial statement by comparing it to persons salary. I have tried to come up with an analogy, as to how I ...
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22 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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2answers
117 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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25 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
92 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
115 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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49 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
77 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
139 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
165 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
56 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
590 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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1answer
64 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
148 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
68 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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339 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
47 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
36 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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95 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
540 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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143 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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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 ...
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290 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
533 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
78 views

eBay Revenue Statement Discrepancy

In the eBay's 10-K filing to the SEC in 2014, they said that their revenue in 2012 was $14,072m. But in their 2015 statement, it shows as $7,371m. Why is there a discrepancy in these two filings? Why ...
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1answer
14k 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
201 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
343 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
1k 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?