Annual Report

A corporation's annual statement of financial operations. Annual reports include a balance sheet, income statement, auditor's report, and a description of the company's operations.

This is usually a sleek, colorful, high gloss publication. Make sure to look beyond the marketing and dig into the numbers. This is the best way to discover the direction of the company.

The 10-K is the version of the annual report which gets submitted to the SEC. It contains more detailed financial information.