Form 10-Q

Definition

The term Form 10-Q refers to a quarterly report that summarizes the business and financial performance of a company.  Form 10-Q is a detailed document, which is produced three times each year and contains a number of unaudited financial statements publically-traded companies are required to file with the Securities and Exchange Commission.

Explanation

Publically-traded companies are required by federal securities laws to disclose certain operating and financial information on an ongoing basis.  Form 10-Q is filed with the Securities and Exchange Commission (SEC) 40 days after the close of each quarter; except at the end of a company's fiscal year, which requires the filing of a Form 10-K.

Company websites will oftentimes contain both their current as well as historical Form 10-Q and Form 10-K documents; typically located in the "investors" section.  The report itself includes a large volume of information; however, it is less detailed than the company's Form 10-K.  The information appearing in a Form 10-K is also audited, while a 10-Q may contain unaudited accounting reports.

The following types of information can be found in a company's Form 10-Q.

  • Business Background:  the history of the company, number of employees, operating geography, and business segments.
  • Select Financial Data:  management's discussion and analysis of financial condition, and off balance sheet arrangements.
  • Financial Statements and Disclosures:  income statement, balance sheet, statement of cash flows, discontinued operations, long-term investments, available-for-sale securities, financial risk, and management activities.
  • Other:  controls and operating procedures, as well as exhibits to financial statements.

Related Terms

balance sheet, income statement, statement of cash flows, Form 10-K, Form 8-K, annual report, proxy statement, Form 3, Form 4, Form 5