WallStreet Prep: Analyzing Financial Reports, WallStreet Prep: Analyzing Financial Reports, Wall Street
Prep: Analyzing Financial Reports
True or false: 10-Q's must be filed four times a year for publicly traded companies. - correct
answer False; only 3x a year
True or False: Both the 10-K and 10-Q filings are audited. - correct answer False; only 10-K
filings are audited
True or false: All publicly traded companies and private companies with revenues greater than
$850m must file 10-K's annually with the SEC. - correct answer False
True or false: For large accelerated filers, 10-K's must be filed no later than 90 days after the
fiscal year-end date. - correct answer False; for large accelerated filers, 10-Ks must be filed not
later than 60 days after the fiscal year-end date.
True or false: For accelerated filers, 10-K's must be filed no later than 90 days after the fiscal
year end date. - correct answer False; For accelerated filers, 10-K's must be filed no later than
60 days after the fiscal year-end date.
Companies often produce glossy annual reports.
True or false: These reports cannot contain information not included in the 10-K. - correct
answer False
Part I of the 10-K contains the Management Discussion & Analysis section, while Part II contains
the Financial statements and Footnotes. - correct answer False
It is 4/18/2014. What are the revenues Google reported on its latest available quarterly
financials (use revenues for the latest three months)? Enter as a positive number in millions
without $ sign or comma separator (Ex: 2345) - correct answer Google reported $15,420
million in revenues -- Source filing: 4/16/14 8-k
Did Google eliminate stock-based compensation expense when calculating its Non-GAAP EPS on
its latest available quarterly financials? - correct answer yes; Reconciliation is available in the 8-
K PR
Does Google provide this GAAP to non-GAAP reconciliation in its latest 10-K? - correct answer
no
It is 4/18/2014. What is Google's latest available actual share count (include both classes)?
Please provide your answer without comma separator or decimal (Ex: 23456326563) - correct
answer Answer: 280,844,569 + 55,800,053 = 336644622 - date is March 17, 2014, per the
March 28 2014 proxy.
, WallStreet Prep: Analyzing Financial Reports, WallStreet Prep: Analyzing Financial Reports, Wall Street
Prep: Analyzing Financial Reports
It is 1/15/2014. What is Apple's latest available actual share count? Please provide your answer
without comma separator or decimal (Ex: 23456326563) - correct answer 892,553,950 - Source
filing: 1/10/14 DEF 14A
It is 4/18/2014. What is Google's latest available number of exercisable stock options? Please
provide your answer without comma separator or decimal (Ex: 23456326563) - correct answer
3,795,911 - per the company's 2013 10-K, p. 80
It is 4/18/2014. What is Tesla's latest available number of exercisable stock options? Please
provide your answer without comma separator or decimal (Ex: 23456326563) - correct answer
10,714,106 - per the company's 2013 10-K, p. 114
What is the date and name of the first filing Facebook made in relation to its acquisition of
WhatsApp? - correct answer 8-K, February 19, 2014
How much cash consideration (not including Facebook shares or RSUs) is to be provided to
WhatsApp according to the first document filed with the SEC regarding the acquisition? Please
provide your answer in billions, without comma separator or decimal (Ex: 13) - correct answer
$4 billion - Source filing: FB 2/19/14 8-K
It is 1/15/2014. What is the latest reported number of AAPL shares beneficially owned by
BlackRock, Inc.? Please provide your answer without comma separator or decimal (Ex:
23456326563) - correct answer 49,807,372 - Source filing: 1/10/14 DEF 14A
True or false: 10-Q's must be filed four times a year for publicly traded companies. - correct
answer False; only 3x a year
True or False: Both the 10-K and 10-Q filings are audited. - correct answer False; only 10-K
filings are audited
True or false: All publicly traded companies and private companies with revenues greater than
$850m must file 10-K's annually with the SEC. - correct answer False
True or false: For large accelerated filers, 10-K's must be filed no later than 90 days after the
fiscal year-end date. - correct answer False; for large accelerated filers, 10-Ks must be filed not
later than 60 days after the fiscal year-end date.
True or false: For accelerated filers, 10-K's must be filed no later than 90 days after the fiscal
year end date. - correct answer False; For accelerated filers, 10-K's must be filed no later than
60 days after the fiscal year-end date.
Companies often produce glossy annual reports.
Prep: Analyzing Financial Reports
True or false: 10-Q's must be filed four times a year for publicly traded companies. - correct
answer False; only 3x a year
True or False: Both the 10-K and 10-Q filings are audited. - correct answer False; only 10-K
filings are audited
True or false: All publicly traded companies and private companies with revenues greater than
$850m must file 10-K's annually with the SEC. - correct answer False
True or false: For large accelerated filers, 10-K's must be filed no later than 90 days after the
fiscal year-end date. - correct answer False; for large accelerated filers, 10-Ks must be filed not
later than 60 days after the fiscal year-end date.
True or false: For accelerated filers, 10-K's must be filed no later than 90 days after the fiscal
year end date. - correct answer False; For accelerated filers, 10-K's must be filed no later than
60 days after the fiscal year-end date.
Companies often produce glossy annual reports.
True or false: These reports cannot contain information not included in the 10-K. - correct
answer False
Part I of the 10-K contains the Management Discussion & Analysis section, while Part II contains
the Financial statements and Footnotes. - correct answer False
It is 4/18/2014. What are the revenues Google reported on its latest available quarterly
financials (use revenues for the latest three months)? Enter as a positive number in millions
without $ sign or comma separator (Ex: 2345) - correct answer Google reported $15,420
million in revenues -- Source filing: 4/16/14 8-k
Did Google eliminate stock-based compensation expense when calculating its Non-GAAP EPS on
its latest available quarterly financials? - correct answer yes; Reconciliation is available in the 8-
K PR
Does Google provide this GAAP to non-GAAP reconciliation in its latest 10-K? - correct answer
no
It is 4/18/2014. What is Google's latest available actual share count (include both classes)?
Please provide your answer without comma separator or decimal (Ex: 23456326563) - correct
answer Answer: 280,844,569 + 55,800,053 = 336644622 - date is March 17, 2014, per the
March 28 2014 proxy.
, WallStreet Prep: Analyzing Financial Reports, WallStreet Prep: Analyzing Financial Reports, Wall Street
Prep: Analyzing Financial Reports
It is 1/15/2014. What is Apple's latest available actual share count? Please provide your answer
without comma separator or decimal (Ex: 23456326563) - correct answer 892,553,950 - Source
filing: 1/10/14 DEF 14A
It is 4/18/2014. What is Google's latest available number of exercisable stock options? Please
provide your answer without comma separator or decimal (Ex: 23456326563) - correct answer
3,795,911 - per the company's 2013 10-K, p. 80
It is 4/18/2014. What is Tesla's latest available number of exercisable stock options? Please
provide your answer without comma separator or decimal (Ex: 23456326563) - correct answer
10,714,106 - per the company's 2013 10-K, p. 114
What is the date and name of the first filing Facebook made in relation to its acquisition of
WhatsApp? - correct answer 8-K, February 19, 2014
How much cash consideration (not including Facebook shares or RSUs) is to be provided to
WhatsApp according to the first document filed with the SEC regarding the acquisition? Please
provide your answer in billions, without comma separator or decimal (Ex: 13) - correct answer
$4 billion - Source filing: FB 2/19/14 8-K
It is 1/15/2014. What is the latest reported number of AAPL shares beneficially owned by
BlackRock, Inc.? Please provide your answer without comma separator or decimal (Ex:
23456326563) - correct answer 49,807,372 - Source filing: 1/10/14 DEF 14A
True or false: 10-Q's must be filed four times a year for publicly traded companies. - correct
answer False; only 3x a year
True or False: Both the 10-K and 10-Q filings are audited. - correct answer False; only 10-K
filings are audited
True or false: All publicly traded companies and private companies with revenues greater than
$850m must file 10-K's annually with the SEC. - correct answer False
True or false: For large accelerated filers, 10-K's must be filed no later than 90 days after the
fiscal year-end date. - correct answer False; for large accelerated filers, 10-Ks must be filed not
later than 60 days after the fiscal year-end date.
True or false: For accelerated filers, 10-K's must be filed no later than 90 days after the fiscal
year end date. - correct answer False; For accelerated filers, 10-K's must be filed no later than
60 days after the fiscal year-end date.
Companies often produce glossy annual reports.
