Questions tagged [financial-statements]
The financial-statements tag has no usage guidance.
48
questions
1
vote
2answers
27 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
votes
2answers
127 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
votes
0answers
18 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
1k 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
votes
0answers
102 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 ...
0
votes
1answer
78 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 ...
45
votes
1answer
6k 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
votes
1answer
80 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
vote
1answer
228 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
votes
1answer
221 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?
0
votes
1answer
56 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
vote
1answer
326 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
81 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
30 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
vote
0answers
841 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
vote
1answer
70 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
43 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 ...
3
votes
1answer
677 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
votes
2answers
52 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
261 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
95 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
votes
1answer
211 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:
...
9
votes
1answer
844 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:
0
votes
3answers
6k 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
votes
1answer
315 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
votes
2answers
117 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
117 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
7k 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
539 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
votes
1answer
415 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
283 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
495 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
votes
1answer
50 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
2k 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 ...
2
votes
1answer
283 views
Credit Card balance
My credit card statement was $230. I didn't have the money to pay it off at once so I made payments. The money that was credited to my account was being used. So I'm asking on the day that my balance ...
0
votes
2answers
89 views
Which documents are important to retain?
The IRS requires individuals living in the United States to retain certain documents, for audit purposes.
Are there any other documents that are useful to retain, in addition to those already ...
0
votes
1answer
409 views
What's the difference between Net cash provided by operating activities and Operating cash flow?
I'm confused by these two terms, they have the same number in the statement of cash flow, I wonder if there is any difference between them.
0
votes
1answer
1k views
Converting bank statements to another currency?
I tried googling this. I want my bank statement of my account in State Bank of India, back in India, to show balances in dollars. Google only gives results which show me how to open an NRI State Bank ...
2
votes
1answer
841 views
what is shareholders' Equity in balance sheets?
Just stated learning about financial statement it is the tough, lots of calculations and stuff. I came across some balance sheets, read some online resources but I still can't grasp the idea of why ...
4
votes
3answers
691 views
What are some quick test to check whether a company is in healthy financial status
Usually, before deciding to invest in a company, I prefer to to look at 2 figures in their balance sheet
Current asset
Current liabilities
Very often, I assume the company with
Current asset > ...
2
votes
4answers
1k views
Looking for a good source for Financial Statements
I am looking for a good source of financial statement for publicly traded companies, preferably free. I have been using Yahoo Finance but think there might be some issues.
For example when looking at ...
18
votes
2answers
3k views
As an employee, when is it inappropriate to request to see your young/startup company's financial statements?
If you work for a young company, equity in the form of restricted stock or options is often a form of compensation and a way to keep you aligned with the company's goals.
But as a new employee you ...
1
vote
1answer
458 views
How to find SEC filings that are important to stock market
I want to find the most important sec filings in history, when I searched the edgar database, I find several confusions.
When I search apple's filings, 10-Q report usually comes one day after the 8-k....
0
votes
2answers
364 views
Can someone recommend a book that discusses the differences between types of financial statements?
I'm interested in learning the differences between profit and cash, but also about cash flows and financial statements.
What book do you recommend I read?
I want to read a practical book that ...
1
vote
1answer
92 views
How to find out if a company has purchased government (or other) bonds?
Looking at a company's income statement, balance sheet, and cash flow, is it possible to find out if a company has given out a loan to a government or to another business, i.e. government/corporate ...
5
votes
3answers
89k views
Calculating the total capital of a company?
I was wondering how do we calculate the total capital of a company? Which items should I look for in the financial statements?
And how do I calculate notes payable? Is the same as accounts payable?
