What is a 10 – Q filing?
The 10 – Q report is a company’s financial report released every quarter containing the Balance Sheet, Income Statement and Cash Flow Statement along with additional details on business and commentary from management.
Companies are required to file a 10 – Q financial report every 3 months with the SEC (Securities Exchange Commission).
10 – Q reports (along with all the other company’s filings) can be found on the SEC’s website by searching by the company’s name or ticker symbol here.
10-Q’s are typically not as long and in depth as 10-K annual reports (for example, Intel’s 2011 10-K report is 108 pages long, compared to a 10-Q which is around 40 pages).
Images below are from Intel’s second quarter 10-Q from 2011.
(click any image below to enlarge)
10-Q reports always include the balance sheet, statement of income and statement of cash flows. The Income statement is shown above.
10-Q’s also breakdown many aspects of the balance sheet, income statement and statement of cash flows. Here, Intel breaks down their “Intangible Assets”, shown on the balance sheet.
10-Q’s provide investors with detailed information on the company’s balance sheet, income and cash flows.
Examples above from Intel’s 2011 2nd quarter 10-Q found here.
Before investing in any individual company’s stock, it is imperative that you sit down and read through the company’s most recent reports. Many times important information is buried within these filings.
Check out our guides on:
- The Balance Sheet (Includes an example of information buried within Facebook’s initial filing that few investors noticed, which cost investors millions of dollars!)
- The Income Statement
- The Statement of Cash Flows
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