{"id":4115,"date":"2025-01-07T08:42:35","date_gmt":"2025-01-07T07:42:35","guid":{"rendered":"https:\/\/valueinvestments.ch\/lexikon\/10-k\/"},"modified":"2025-01-07T10:44:15","modified_gmt":"2025-01-07T09:44:15","slug":"10-k","status":"publish","type":"lexikon","link":"https:\/\/valueinvestments.ch\/en\/lexicon\/10-k\/","title":{"rendered":"10-K"},"content":{"rendered":"\n<p><strong>What is a 10-K?<\/strong><\/p>\n\n<p>A 10-K is an <strong>annual report in a standardized form<\/strong>. This report is required by the U.S. Securities and Exchange Commission (SEC) for all <a href=\"https:\/\/www.valueinvestments.ch\/b%C3%B6rse\">publicly traded<\/a>U.S. companies. The SEC is the U.S. Securities and Exchange Commission. <strong>A 10-K contains more information than a conventional annual report<\/strong>. The aim of the report is to provide investors with more comprehensive information about a company. Due to the amount and type of information it contains, a 10-K report can be very complex. The form is strictly prescribed by the SEC. A <strong>10-K presents the information in a much simpler<\/strong> way than, for example, a non-standardized company annual report. Nevertheless, the report is a very important document for investors to obtain comprehensive information about a company. Under certain circumstances, it can be useful to involve a specialist, such as an <a href=\"https:\/\/www.valueinvestments.ch\/\">asset manager<\/a>, in the analysis of the report.        <\/p>\n\n<p>The information documented in the 10-K includes, for example:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>Organizational structure<\/li>\n\n\n\n<li>Company history<\/li>\n\n\n\n<li><a href=\"https:\/\/www.valueinvestments.ch\/gewinn\">Earnings<\/a> per share<\/li>\n\n\n\n<li>Annual financial statements<\/li>\n\n\n\n<li>Subsidiaries<\/li>\n\n\n\n<li>Remuneration of managers<\/li>\n\n\n\n<li>Other relevant data<\/li>\n<\/ul>\n\n<p>The 10-K is therefore intended to <strong>provide a clearer picture of all of a company&#8217;s activities and risks<\/strong>. 10-K reports are public information and therefore easily accessible. They can often be found on company websites in the &#8220;Investor Relations&#8221; section. In addition, all 10-K reports are available in the SEC&#8217;s EDGAR database.   <\/p>\n\n<p>In the first three quarters, companies must also submit Form 10-Q. Q stands for quarter. The 10-K then follows after the last quarter. In the case of special events such as bankruptcy, disposals or <a href=\"https:\/\/www.valueinvestments.ch\/mergers-and-acquisitions\">acquisitions<\/a>, an 8-K form must be submitted. Accordingly, the 8-K is not filed regularly but only in exceptional situations.    <\/p>\n\n<p><strong>The contents of the 10-K<\/strong><\/p>\n\n<p>A standard 10-K consists of four parts and 15 subject areas. In general, the following important points are included in a 10-K: <\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Business<\/strong>: The main activity of the company is defined in this section.<\/li>\n\n\n\n<li><strong>Risk factors<\/strong>: This section of the report shows the company&#8217;s risks. The risks are sorted in descending order. <\/li>\n\n\n\n<li><strong>Financial data<\/strong>: This section shows selected financial data of the company over the last five years and is thus intended to provide a brief insight into the company&#8217;s performance.<\/li>\n\n\n\n<li><strong>Management<\/strong>&#8216;s Discussion and Analysis of Financial Condition and Results of Operations (MD&amp;A): In this section, management discusses the financial condition of the company during the last financial year.<\/li>\n\n\n\n<li><strong>Annual financial statements and supplementary data<\/strong>: The audited annual financial statements such as the income statement, <a href=\"https:\/\/www.valueinvestments.ch\/bilanz\">balance sheet<\/a> and cash flow statement can be found here.<\/li>\n<\/ul>\n\n<p>The information contained in the 10-K report must be accurate, which must also be confirmed and signed in writing in the 10-K by the company&#8217;s <a href=\"https:\/\/www.valueinvestments.ch\/ceo\">Chief Executive<\/a> Officer (CEO) and Chief Financial Officer (CFO). The signatures became mandatory after several cases of accounting fraud following the dot-com bankruptcy. This means that both the CEO and the CFO can be held liable in the event of breaches.  <\/p>\n","protected":false},"template":"","class_list":["post-4115","lexikon","type-lexikon","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/valueinvestments.ch\/en\/wp-json\/wp\/v2\/lexikon\/4115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/valueinvestments.ch\/en\/wp-json\/wp\/v2\/lexikon"}],"about":[{"href":"https:\/\/valueinvestments.ch\/en\/wp-json\/wp\/v2\/types\/lexikon"}],"wp:attachment":[{"href":"https:\/\/valueinvestments.ch\/en\/wp-json\/wp\/v2\/media?parent=4115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}