annual report

Definition

Audited document required by the SEC and sent to a public company's or mutual fund's shareholders at the end of each fiscal year, reporting the financial results for the year (including the balance sheet, income statement, cash flow statement and description of company operations) and commenting on the outlook for the future. The term sometimes refers to the glossy, colorful brochure and sometimes to Form 10-K, which is sent along with the brochure and contains more detailed financial information. All 10-Ks for public companies and mutual funds incorporated in the U.S. are available on the SEC's website for free.

Use annual report in a sentence

I just finished looking through my company's annual report and it looks like we will be in business for the foreseeable future.

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The annual report was a joy to read as it provided extensive and useful information pertaining to the financial health of our company.

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Bill stayed up all night preparing his company's annual report, double checking the company's balance sheets and income statements for any mistakes.

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