10-K: Definition, What's Included, Instructions, and Where to Find It

The 10-K report is a comprehensive document that provides an overview of a company's financial health and business operations. It is an annual report that must be filed with the SEC and includes audited financial statements. While it is distinct from the annual report to shareholders, which is sent to shareholders at the annual meeting, it serves a similar purpose of providing stakeholders with information about the company's financial condition and risk factors. Here are the key points to consider when analyzing a 10-K report: 1. **Business Overview**: The 10-K provides an overview of the company's main operations, including its products and services. 2. **Risk Factors**: It outlines any risks the company faces or may face in the future. 3. **Financial Condition**: The report describes the company's financial condition, including debts, liabilities, operational costs, and revenue. 4. **Executive Compensation**: Information about executive compensation is also included. 5. **Signatures**: The report includes signed letters from the company’s chief executive officer and chief financial officer, who swear under oath that the information included in the 10-K is accurate. Understanding these sections can provide investors with valuable insights into the company's performance and prospects.