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Financial Reports Analysis: Google, Apple, Facebook, Exams of Financial Market

A series of questions and answers focused on analyzing financial reports of major companies like google, apple, and facebook. it covers topics such as stock-based compensation, share counts, exercisable stock options, and sec filings (10-k, 10-q, 8-k). The questions test understanding of gaap vs. Non-gaap reporting, share structures, and key financial data interpretation. the answers provide specific figures and sources, enhancing practical application of financial analysis skills.

Typology: Exams

2024/2025

Available from 05/10/2025

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WALLSTREET PREP:
ANALYZING FINANCIAL
REPORTS
LATEST
END OF
PAGE 1
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
Did Google eliminate stock-based compensation expense when calculating its
Non-GAAP EPS on its latest available quarterly financials? - ANSWERS-yes;
Reconciliation is available in the 8-K PR
QUESTION 2
Does Google provide this GAAP to non-GAAP reconciliation in its latest 10-K? -
ANSWERS-no
QUESTION 3
It is 4/18/2014. What is Google's latest available actual share count (include both
classes)? Please provide your answer without comma separator or decimal (Ex:
23456326563) - ANSWERS-Answer: 280,844,569 + 55,800,053 = 336644622 -
date is March 17, 2014, per the March 28 2014 proxy.
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ANALYZING FINANCIAL

REPORTS

LATEST

END OF

ANSWER ALL QUESTIONS IN THIS SECTION

QUESTION 1

Did Google eliminate stock-based compensation expense when calculating its Non-GAAP EPS on its latest available quarterly financials? - ANSWERS-yes; Reconciliation is available in the 8-K PR QUESTION 2 Does Google provide this GAAP to non-GAAP reconciliation in its latest 10-K? - ANSWERS-no QUESTION 3 It is 4/18/2014. What is Google's latest available actual share count (include both classes)? Please provide your answer without comma separator or decimal (Ex:

    • ANSWERS-Answer: 280,844,569 + 55,800,053 = 336644622 - date is March 17, 2014, per the March 28 2014 proxy.

ANALYZING FINANCIAL

REPORTS

LATEST

END OF

QUESTION 4

It is 1/15/2014. What is Apple's latest available actual share count? Please provide your answer without comma separator or decimal (Ex: 23456326563) - ANSWERS-892,553,950 - Source filing: 1/10/14 DEF 14A QUESTION 5 It is 4/18/2014. What is Google's latest available number of exercisable stock options? Please provide your answer without comma separator or decimal (Ex:

    • ANSWERS-3,795,911 - per the company's 2013 10-K, p. 80 QUESTION 6 It is 4/18/2014. What is Tesla's latest available number of exercisable stock options? Please provide your answer without comma separator or decimal (Ex:
    • ANSWERS-10,714,106 - per the company's 2013 10-K, p. 114 QUESTION 7

ANALYZING FINANCIAL

REPORTS

LATEST

END OF True or false: 10-Q's must be filed four times a year for publicly traded companies.

  • ANSWERS-False; only 3x a year QUESTION 11 True or False: Both the 10-K and 10-Q filings are audited. - ANSWERS-False; only 10-K filings are audited QUESTION 12 True or false: All publicly traded companies and private companies with revenues greater than $850m must file 10-K's annually with the SEC. - ANSWERS-False QUESTION 13 True or false: For large accelerated filers, 10-K's must be filed no later than 90 days after the fiscal year-end date. - ANSWERS-False; for large accelerated filers, 10 - Ks must be filed not later than 60 days after the fiscal year-end date.

ANALYZING FINANCIAL

REPORTS

LATEST

END OF

QUESTION 14

True or false: For accelerated filers, 10-K's must be filed no later than 90 days after the fiscal year end date. - ANSWERS-False; For accelerated filers, 10-K's must be filed no later than 60 days after the fiscal year-end date. Companies often produce glossy annual reports. True or false: These reports cannot contain information not included in the 10-K. - ANSWERS-False Part I of the 10-K contains the Management Discussion & Analysis section, while Part II contains the Financial statements and Footnotes. - ANSWERS-False It is 4/18/2014. What are the revenues Google reported on its latest available quarterly financials (use revenues for the latest three months)? Enter as a positive number in millions without $ sign or comma separator (Ex: 2345) - ANSWERS- Google reported $15,420 million in revenues -- Source filing: 4/16/14 8-k