46
votes
Accepted
What does "gross of" mean?
why don't they just say "The numbers below include fees" or "don't include"?!
Because these are accounting documents, and the terms accountants use are "gross" and "net".
Think, for example, of your ...
- 50.6k
40
votes
Accepted
What does the letter "c" mean with a number in an annual report (UK)
It appears that "c" is used in two ways in this press release:
When the "c" comes after the number, it means "cents". For example, a basic EPS of "(34.1)c" ...
- 16.9k
6
votes
Why don't companies underestimate their earnings to make quarterly reports look better?
Stating poor estimates in advance will lower your share price to compensate for thge extras boost it gets later ... And may run afoul of stock manipulation laws. More pain than gain likely.
- 42.9k
5
votes
Accepted
What public company form or annual filing is similar to U.S. SEC's 10-K but for the United Kingdom?
Form 10-K is the U.S. Securities and Exchange Commission's (SEC) name and mandated filing format for an annual report to shareholders, codifying the required parts of the report that public companies ...
- 31.7k
5
votes
Accepted
Are shareholders and tax collectors shown the same financial statements?
Generally the reports are going to be different. Although there is certainly some room for companies to intentionally account for things in ways that boost shareholder profits and minimize taxes, ...
- 26.5k
4
votes
Accepted
LTM Calculations for Wayfair
31,194 is also in thousands. So it's 31 million Active Customers, confirmed by this press release.
4
votes
Why don't companies underestimate their earnings to make quarterly reports look better?
You need to distinguish a company's guidance from analysts' estimates.
A company will give a revenue/earnings guidance which is generally based on internal budgets. The guidance may be aggressive or ...
- 1,672
4
votes
Accepted
How can I generate yearly statement table with details on every account on every month in a single report?
This method I have found works and can be found at Using GnuCash
As of GnuCash 2.6.15, the Tutorial & Concepts Guide contains a Reports
chapter. Please refer to the Guide for details about ...
- 56
4
votes
Accepted
Why do why many companies show Trailing Twelve Months (TTM) rather than a YTD or Quarter to Quarter?
Many businesses are cyclical, meaning that they have one (or two) quarters that comprise more than their fair share of activity. For example, Discretionary Consumer Retailers (like electronics) tend ...
- 130k
3
votes
Accepted
Exercises of employee share options
Many companies (particularly tech companies like Atlassian) grant their employees "share options" as part of their compensation. A share option is the right to buy a share in the company at a "strike ...
- 27.9k
3
votes
Accepted
Is there a resource for knowing when Annual and Quarterly Reports are coming out?
https://www.google.com/search?q=quarterly+and+annual+financial+report+calendar&oq=quarterly+and+annual+financial+report+calendar&aqs=chrome..69i57.9351j0j7&sourceid=chrome&ie=UTF-8
...
- 49k
3
votes
Accepted
eBay Revenue Statement Discrepancy
See the footnotes. They sold PayPal. They removed the sales and expenses related to PayPal from their consolidated statements. Otherwise it would look like sales dropped from year x to year y.
- 136k
2
votes
Accepted
Will I receive a company's annual reports if I own less than one share?
Paper copies of annual reports cost the company money to produce and mail out, and it is doubtful that they would mail a copy to everyone that owns less than one share. In fact, companies are no ...
- 115k
2
votes
How can I generate yearly statement table with details on every account on every month in a single report?
This older post:
GnuCash monthly income-expense report worked for me. More specifically, it is the following answer given by "trythis":
"Reports>
Sample and Custom>
Custom and multicolumn report>
...
- 21
2
votes
Are shareholders and tax collectors shown the same financial statements?
Tax returns and Financial statements are two different things. Every unit of money that moves through the company has a tax impact: it can be taxable, partially taxable, neutral, deductible, or a ...
- 136k
2
votes
Accepted
How are borrowings in local currency used to hedge foreign exchange exposure on investments?
The phrase 'local currency' in the quoted section of your question refers to currency local to the same jurisdiction as the company's individual foreign investments. They are referring to the idea of ...
- 42k
2
votes
Accepted
Will I receive corporate publications when my shares are held in street name?
FINRA Rule 2251. Processing and Forwarding of Proxy and Other Issuer-Related Materials
(a) A member shall process and forward promptly all information as
required by this Rule and applicable SEC rules ...
- 10.2k
2
votes
How important is it to read the sections of an annual report that are not part of the financial statements?
It depends on what you want from the report. Nothing will happen if you don't read it. So if nothing happening is an acceptable outcome for you, then don't bother reading it.
- 9,781
1
vote
LTM Calculations for Wayfair
If you're using SEC Filings (10Ks and 10Qs in this case) you'd use the following formula to determine or check LTM numbers for any items from a company's financial statements:
LTM = most recent 10Q + ...
- 146
1
vote
How can I look up a public company's short-stock position?
Someone on the Quantitative Finance BB provided a very good answer for this:
Without Bloomberg, how can retail investors know how many shares have been shorted daily?.
- 75.7k
1
vote
Accepted
How can I look up a public company's short-stock position?
Where in GME's 2019 public filings are there short-stock positions reported?
Nowhere. They are NOT PART OF GME's PUBLIC FILINGS. Why? The are not part of the finances or anything related to the GME ...
- 11.6k
1
vote
How to understand this visa cash flow section for 2019?
You can't necessarily judge performance just by the cash flow statement alone - you have to look at other statements to get a complete picture.
A quick summary of each section is:
Operating: Cash ...
- 130k
1
vote
What are those dates of financial reports means?
The quarterly reports cannot be released before the end of the quarter.
Here's a link to the dates for McDonald's earnings announcements. They are within a month of the end of the quarter.
- 75.7k
1
vote
report: group account activity by accounting period instead of by month
Upgrade to 3.7.
It has Multicolumn Balance Sheet & Income Statements in the Experimental reports submenu.
Alternatively try Transaction Report sorting/grouping tab.
- 11
1
vote
Gnucash - Report cash flow on a per-asset basis
Your question appears to be asking about the features available in a particular accounting software package. You'd have to say what software you are using for anyone to be able to answer you.
In ...
- 22k
1
vote
Why MSFT Earnings Release FY18 Q4 is missing in the SEC filings?
Q4 ended on June 30th and the 10-K was published on Aug 3. The delay was only a couple days more than a month. However, some of the information was available in the July 19 8-K.
- 2,781
1
vote
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?
These Investopedia articles cover many of the most common items:
Balance Sheet
Cash Flow
Income Statement
- 2,781
1
vote
No revenue breakdown in public corporation's balance sheet?
No, they don't.
Even a 501(c)(3) public charity only needs to report revenue breakdowns on their 3 largest revenue sources. (And that requirement comes from the IRS, due to the need to prove broad ...
1
vote
No revenue breakdown in public corporation's balance sheet?
First, revenues are shown on PnL, not balance sheet. Second, IFRS has disclosure requirements on sectorial breakdown but not product lines. So this would be a no on your question on a companys ...
- 2,269
1
vote
Compilation Report Standards / Examples
According to this accounting firm:
A compilation involves the preparation of an Association’s financial
statements without the CPA granting any assurance as to whether the
statements are ...
- 10.2k
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