ANNUAL REPORT

Yearly record of a publicly held company's financial condition. It includes a description of the firm's operations, as well as balance sheet, income statement, and cash flow statement information. SEC rules require that it be distributed to all shareholders. A more detailed version is called a 10-K.

A statement of the operating results and financial condition of a business. Usually prepared annually for the stockholders of a company.

---

Written report to shareholders summarizing the past fiscal year's financial results and news items of importance about products, law suits, board members, etc. Prospective shareholders should also review the annual report because it provides important balance sheet information.