Questions tagged [financial-statements]
The financial-statements tag has no usage guidance.
88
questions
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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 ...
1
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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 ...
-1
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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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2answers
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 ...
1
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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), ...
0
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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 ...
2
votes
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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0answers
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 ...
1
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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. ...
7
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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 ...
6
votes
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 ...
1
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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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0answers
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 ...
1
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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 ...
0
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0answers
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 ...
1
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0answers
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 ...
0
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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'...
0
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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 ...
0
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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 ...
0
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0answers
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 ...
1
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0answers
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 ...
0
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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 ...
0
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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 ...
0
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0answers
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 ...
1
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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"...
0
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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 ...
0
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0answers
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 ...
0
votes
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 ...
1
vote
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 ...
0
votes
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,...
0
votes
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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votes
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 ...
1
vote
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 ...
0
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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 ...
1
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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 ...
0
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0answers
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 ...
0
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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!
0
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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 ...
1
vote
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 ...
0
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2answers
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 ...
7
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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 ...
3
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0answers
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 ...
1
vote
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 ...
2
votes
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 ...
47
votes
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?
0
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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....
1
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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 %...
0
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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?
