US legal Financial Statements

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Commonly Asked Questions about US legal Financial Statements

How do I find a business income statement?

A companys profit and loss (PL) statement shows the companies revenues, costs, expenses, and net profit for a certain period. The PL statement can be found on a companys website and is one of the financial statements that public companies are required to issue by law to shareholders. 1.

Are financial statements legal documents?

Are financial statements legal documents? Yes, they are. For a publiclly traded company, the financial statements are public record for shareholders (and potential shareholders) to see.

Are LLC financial statements public?

Are Private Companies Financials Public? In short, not in the United States. While many may speculate about the business revenue or look for financial statements of private companies, typically they will find this to be difficult.

How do I find a companys financial statements in the US?

Financial information can be found on the companys web page in Investor Relations where Securities and Exchange Commission (SEC) and other company reports are often kept. The SEC has financial filings electronically available beginning in 1993/1994 free on their website. See EDGAR: Company Filings.

Are companys financial statements public?

The U.S. Securities and Exchange Commission (SEC) requires that companies distribute annual reports to their shareholders. Annual Reports are also available freely to the public for most U.S. companies that offer stock.

What financial statements are US GAAP compliant?

The following three major financial statements are required under GAAP: The income statement. The balance sheet. The cash flow statement.

How to find a companys financial statements on SEC?

Quickest places to look: Search on and open an individual companys profile. Click on the tab named Filings. SEC filings. There are the current 90 days of filings and a filings search for older material.

What are the official financial statement documents?

The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a business, revenues, and costs, as well as its cash flows from operating, investing, and financing activities.