Definition of '10-K'
The 10-K is one of the most important documents that a public company files with the SEC. It is used by investors, analysts, and other interested parties to evaluate the company's financial health and prospects. The 10-K is also used by the SEC to monitor public companies and to enforce the federal securities laws.
The 10-K is a lengthy document, typically running hundreds of pages. It is divided into several sections, each of which contains specific information about the company. The following is a brief overview of the major sections of the 10-K:
* **Item 1: Business.** This section provides a general overview of the company's business, including its products or services, its markets, and its competitive position.
* **Item 2: Properties.** This section provides information on the company's properties, including its land, buildings, and equipment.
* **Item 3: Legal Proceedings.** This section lists any legal proceedings that the company is involved in.
* **Item 4: Mine Safety Disclosures.** This section is required for companies that mine coal or other minerals. It provides information on the company's mine safety practices.
* **Item 5: Management's Discussion and Analysis of Financial Condition and Results of Operations.** This section provides a discussion of the company's financial condition and results of operations. It includes information on the company's liquidity, capital resources, and operating results.
* **Item 6: Financial Statements.** This section includes the company's financial statements, including its balance sheet, income statement, and statement of cash flows.
* **Item 7: Management's Report on Internal Control Over Financial Reporting.** This section provides a report from the company's management on its internal control over financial reporting.
* **Item 8: Financial Statements Schedules.** This section includes additional schedules that provide more detailed information about the company's financial statements.
The 10-K is an important document that provides investors with a comprehensive overview of a public company's financial condition and operations. It is a valuable resource for anyone who is interested in evaluating a public company.
In addition to the 10-K, public companies are also required to file other reports with the SEC, including the 10-Q, the 8-K, and the proxy statement. The 10-Q is a quarterly report that provides an update on the company's financial condition and operations. The 8-K is a report that is filed to announce material events that occur after the end of the company's fiscal year. The proxy statement is a document that is sent to shareholders in advance of a company's annual meeting. It provides information about the company's management, its financial condition, and the proposals that will be voted on at the meeting.
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