Definition
The annual report (Form 10-K for US public companies) contains audited financial statements, management discussion & analysis (MD&A), business description, risk factors, and executive compensation. It's the most authoritative source of company information.
Example
Berkshire Hathaway's annual report includes Warren Buffett's shareholder letter, audited financials, and detailed subsidiary performance. Investors study it for insights and guidance.
FAQ
What is Annual Report (10-K)?
A comprehensive yearly report of a company's business and financials.
Why is Annual Report (10-K) important?
Annual Report (10-K) helps investors evaluate financial statements and make more informed decisions.
Related Terms
10-K
A comprehensive annual report filed with the SEC containing detailed company financials.
Quarterly Report (10-Q)
A quarterly filing with unaudited financials and business updates.
SEC (Securities and Exchange Commission)
The U.S. federal agency responsible for regulating securities markets and protecting investors.