Hewlett packard 10-k filing: importance and key differences

When it comes to public companies in the United States, filing various documents with the Securities and Exchange Commission (SEC) is a requirement. These filings provide crucial data and information about a company's financial performance, operations, and future plans. Two of the most significant documents that companies must file are the annual report and the Form 10-K. While these documents serve a similar purpose, they have distinct differences. This article will explore the Hewlett Packard 10-K filing in detail, including its importance and the key differences between the annual report and the 10-K filing.

Content Index

Annual Report

The annual report is a comprehensive and visually appealing publication that resembles a printed magazine. It is distributed to shareholders and anyone interested in the company's performance. The annual report acts as a reference yearbook for the company, providing an overview of its history, major divisions, operations, and initiatives from the previous fiscal year. It includes professionally shot photos, charts, diagrams, and other visuals to enhance the reader's understanding.

Towards the back of the annual report, you will find significant financial statements such as the balance sheet, income statement, and cash flow statement. These financial statements offer a snapshot of the company's financial performance over the past year. The annual report also includes notes explaining the accounting methodology and an Auditor's Report, which attests to the accuracy of the financial statements.

10-K Filing

The 10-K filing is a bare-bones document that is filed with the SEC and made available to the public. Unlike the visually appealing annual report, the 10-K filing follows a generic format without any pictures or charts. It consists of five distinct sections that provide an overview of the company's operations, risks, financial information, management's explanation of financial results, and audited financial statements.

The 10-K filing offers a comprehensive description of the company's financial activity during a given fiscal year, including risks, legalities, liabilities, corporate agreements, operations, and market performance. It also provides a detailed analysis of the relevant industry, the marketplace as a whole, and individual business operations. Unlike the 10-K, the 10-Q is a quarterly filing that provides financial information for the past three months and is less detailed.

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Key Differences

The annual report and the 10-K filing have several key differences. The annual report is a user-friendly publication intended for shareholders and the general public, while the 10-K filing is primarily targeted at investors and analysts. The annual report includes company information, financials, and a letter from the CEO, while the 10-K filing focuses on risks and provides a detailed discussion of operations.

When it comes to availability, the 10-K filing can be found on the SEC website, while the annual report is usually readily available on the company's website under the investor relations section. The annual report offers a shorter version of the 10-K report, highlighting the company's financials. However, both documents are important when analyzing a company, with analysts generally preferring the more comprehensive nature of the 10-K filing.

Frequently Asked Questions

  • What Does 10-K Stand For?

10-K stands for Form 10-K, which is a document that all public companies are required to file with the SEC annually. It presents a financial picture of the company, including its revenues, assets, and liabilities for the previous year.

  • What Is the 10-K Filing Deadline?

The 10-K filing deadline varies based on the size of the company. Companies worth $700 million or more have 60 days to file after the close of their fiscal year. Companies between $75 million and $700 million have 75 days, while companies smaller than $75 million have 90 days.

  • How to Read Assets on a 10-K Report?

The 10-K report consists of five parts, each providing different information about the company. Part I provides an overview of the company's main operations, Part II outlines the risks the company faces, Part III details specific financial information over the last five years, Part IV offers management's discussion and analysis of financial condition and results of operations, and Part V includes the company's audited financial statements.

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  • Why Is a 10-K Report Called a 10-K?

The 10-K report gets its name from Regulation S-K, which is a set of SEC rules outlining the detailed disclosure requirements for companies. Regulation S-K is part of the Code of Federal Regulations, specifically 17 CFR Part 22

Understanding the Hewlett Packard 10-K filing is crucial for investors, analysts, and anyone interested in the company's financial performance. While the annual report and the 10-K filing serve different purposes, both provide valuable insights into the company's operations, financials, and future plans. By familiarizing yourself with these documents, you can make more informed decisions and gain a deeper understanding of Hewlett Packard's performance in the market.

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