Assignemnt
Instructions for Accessing Public Company Financial Statements
Accessing through SEC website
1. Start by going to www.sec.gov.
2. Under the ‘Filings' Menu, select ‘Company Filings Search'
3. Type in the Company name and select ‘search'.
4. A screen listing all filings for the Company you searched will be shown. Make sure the Company listed in the blue box is the company you were looking for.
a. Note: For Starbucks Corp, you want the one with CIK 0000829224
5. Type '10-K' into the ‘Filing Type' filter and select ‘search'. This will filter out all filings except for the 10-K which is the annual financial statements all public companies must submit.
6. Open the most recent 10-K by selecting the ‘documents' button next to the first 10-K shown and then selecting the first linked item in the next view (the one labeled ‘10-K').
a. Note: For Facebook, skip the '10-K/A' items listed.
7. Once the 10-K is open, use the table of contents to locate the ‘financial statements and supplementary data' (should be in Part II, Item 8 of all 10-Ks).
Accessing through Company website
1. Start by going to the Company's website and look for a link for ‘investors'.
a. You can also access directly for most companies by using their direct investor website, such as ‘investor.fb.com' for Facebook and ‘investor.starbucks.com' for Starbucks
2. Select the ‘SEC Filings' link
3. Filter for ‘Annual Filings'
4. Select the 10-K you want to open it.
a. Note: For Facebook, skip the '10-K/A' items listed.
b. Note: For Starbucks, do not use the ‘ARS' forms that are included in the annual filing search results
5. Once the 10-K is open, use the table of contents to locate the ‘financial statements and supplementary data' (should be in Part II, Item 8 of all 10-Ks).
Select one of the following companiesand obtain the company's financial statements within their Annual Report or 10-K for the appropriate year (see separate instructions for accessing financial statements).
Facebook, Inc.- 12/31/15 and 12/31/14 - investor.fb.com
Hint: Facebook adopted a new accounting standard in 2015 and changed prior year numbers to be in line with the new standard. Make sure to use the 2015 financial statements for 2014 numbers.
StarbucksCorporation- 9/27/15 and 9/28/14 - investor.starbucks.com
Hint: Starbucks had a stock split in 2015 so make sure to use the weighted average shares outstanding for 2014 that is shown in the 2015 financial statements.
Calculate the following metrics for the company selected for the two most recent years (noted above):
1. Liquidity: Current ratio
2015:
2014:
2. Solvency: Debt to assets ratio
2015:
2014:
3. Profitability: Return on Assets
2015:
2014:
4. Profitability: Earnings per share (EPS) (Hint: Weighted Average Shares Outstanding, which is average common shares outstanding, isincluded as a line near the bottom of the Statement of Income which may also be called Statement of Earnings. Calculate EPS using the basic net income and common shares numbers, not diluted.)
2015:
2014:
Based upon the calculations performed above, comment on the trend in either the Company's liquidity, solvency, or profitability based on the year over year comparison (trend in the above ratios from 2014 to 2015).